Two-Story Office Building in
224 Commerce Drive Brandon, MS 39042
224 Commerce Drive, Brandon, MS, 39042
$770,000
For Sale
$770,000
Two-story office building in high-demand Brandon commercial corridor.
Property Size5,891 SF
Price / SF$130.71
Days on Market137
Property Features for 224 Commerce Drive
General Information
- Standard status
- Active
- Size
- 5,891 SF
- Property subtype
- Office
Building Details
- Year Built
- 1976
Listing agency
NAI UCR Properties
(601) 405-7136
Listed by
Alex Wilson, CCIM · License #MS #22859
(601) 405-7136
Source
Naiglobal
Added: Mar 6 Updated: Jul 6 at 10:30AM Checked: Jul 21 at 3:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI UCR Properties
Investment Insights
Based on property information with market context.
Located in Brandon, Mississippi, 224 Commerce Park Drive is a two-story office building offering an efficient floor plan. The property is situated in a commercial corridor, surrounded by professional offices, medical users, retail businesses, and service providers. The building has a recently re-finished interior. The property contains 5,891 square feet. A lease is in place through the end of 2026, with potential rental income for a buyer until occupancy in January 2027.
Key Highlights
- Below replacement cost at $770,000.
- Located in a high‑demand office area with low supply.
- Lease in place through 2026 provides rental income.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $106.0k | $18.00 |
| − Vacancy | −$21.2k | −$3.60 |
| EGI | $84.8k | $14.40 |
| − OpEx | −$21.2k | −$3.60 |
| NOI | $63.6k | $10.80 |
5,891 SF · lease $18.00/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$908.9K
$795.3K – $1.06M
NOI $63,623 @ 7.0% cap · market cap 8.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.62M
$1.41M – $1.89M
NOI $113,107 @ 7.0% cap · market cap 14.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Collins Home Care
Home Health Care Service
Dixie Specialty Insurance ...
Insurance Agency
Kenosis Properties
Loan Service
Garrison Law Firm, ...
Law Firm
Wells of Life Ministries ...
Association / Organization
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Two-story office building in high-demand Brandon commercial corridor.
Where is this office building located?
The property is located at 224 Commerce Drive Brandon, MS.
What is the asking price?
The asking price for this property is $770,000.
What are key features of this property?
This property features: Below replacement cost at $770,000.; Located in a high‑demand office area with low supply.; Lease in place through 2026 provides rental income.
