Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    540 Keyway Dr Off Airport Rd Flowood, MS

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    1,500 SF office space available in Flowood, Mississippi.

    Property size:
    1,500 SF
    Lot size:
    0.48 Acres

    Property Features for 540 Keyway Dr Off Airport Rd

    General Information

    Size
    1,500 SF
    Lot size
    0.48 Acres

    We can help!

    Listing Contact
    Savita Nair
    Source: Moodyscre

    Listing Agent: Savita Nair

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Flowood Office Space For Rent

    An office space featuring 1,500 square feet is available for rent in an attractive brick building. The suite features 10-foot ceilings. The available Suite B includes a reception area, four large offices, a kitchenette, a storage area, and two restrooms. There are 21 parking spaces shared by the three suites in the building. The tenant is responsible for all utilities and janitorial services.
    Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Flowood
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.1389757
    Latitude
    32.3095903

    Nearby Similar for Lease

    • $350 /Mo
      5,184 SF

      Remodeled Office Spaces For Lease

      Newly remodeled office spaces available near Jackson International Airport.
      215 Woodline Dr, Flowood, MS 39232
      View Details
    • $800 /Mo
      160 SF

      Flowood Office Space For Rent

      Office spaces with shared amenities in central Flowood location.
      781 Liberty Rd, Flowood, MS 39232
      View Details
    • $940 /Mo
      188 SF

      Flowood Office Space For Rent

      Office spaces with shared amenities in central Flowood location.
      781 Liberty Rd, Flowood, MS 39232
      View Details
    • $680 /Mo
      136 SF

      Flowood Office Space For Rent

      Office spaces with shared amenities in central Flowood location.
      781 Liberty Rd, Flowood, MS 39232
      View Details
    • $2,900 /Mo
      1,800 SF

      Flowood Office Space Available

      1,800 sq ft office space in Flowood, Mississippi.
      148 Daughdrill Sta, Flowood, MS 39232
      View Details
    • $3,472 /Mo
      3,205 SF

      Flowood Warehouse with Office Space

      Commercial warehouse with office space for lease in Flowood.
      114 N Layfair Dr, Flowood, MS 39232
      View Details
    • $30 SF/Yr
      80,000 SF

      Class A Office Space Available

      New office suites in Flowood's Waterpointe Development.
      1905 Community Bank Way, Flowood, MS 39232
      View Details
    • $21 SF/Yr
      10,859 SF

      Flowood Drive Office Suite

      Second-floor office suite in Flowood's thriving business district.
      2540 Flowood Dr, Flowood, MS 39232
      View Details
    • $14 SF/Yr
      10,572 SF

      Flowood Industrial Flex Space Available

      3,000 SF industrial flex space for lease in Flowood.
      1018 N Flowood Dr, Flowood, MS 39232
      View Details
    • $24 SF/Yr
      7,671 SF

      Professional Office Suite For Lease

      Move-in ready office suite in Flowood's thriving professional district.
      110 Belle Meade Pt, Flowood, MS 39232
      View Details
    • $5 SF/Yr
      28,000 SF

      Flowood Retail Building For Lease

      28,000 SF retail building in the Jackson MSA.
      710 Highway 80, Flowood, MS 39232
      View Details
    • Contact for pricing
      2,504 SF

      Freestanding Restaurant Opportunity in Flowood

      Turn-key restaurant space in high-traffic Flowood location.
      1000 Top St, Flowood, MS 39232
      View Details

    FAQs

    What type of property is this?
    Office space - 1,500 SF office space available in Flowood, Mississippi.
    Where is this office space located?
    The property is located at 540 Keyway Dr Off Airport Rd Flowood, MS.
    What are key features of this property?
    This property features: - 1,500 +/- SF suite available.; - Suite B: 1,500 SF suite with reception area, 4 large offices, kitchenette, storage area, and 2 restrooms.; - 10 Ft. ceilings create a spacious and open feel.
    (601) 981-1500
    Request Owner's contact information
    540 Keyway Dr Off Airport Rd Flowood, MS
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    540 Keyway Dr Off Airport Rd
    Flowood, MS
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    540 Keyway Dr Off Airport Rd Flowood, MS
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Savita Nair
    (601) 981-1500
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.