Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1880 Lakeland Dr Jackson, MS 39216

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,400 /Mo

    Customizable office spaces with high-speed internet and ample parking.

    Building Details

    Year built
    1986

    We can help!

    Listing Contact
    Jeff Speed, Ccim
    Jeff Speed, Ccim
    Source: Speedcres

    Listing Agency: Speed Commercial Real Estate Listing Agent: Jeff Speed, Ccim

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

    Learn more

    Overview

    Modern Office Space Available

    Located at 1880 Lakeland Dr in Jackson, MS, this property presents a leasing opportunity with customizable office spaces designed for professional tenants. The property offers high-speed internet connectivity and covered parking, providing a secure and efficient working environment. The sleek, contemporary architecture features 5 offices, a foyer/reception area, a kitchen, a conference room, and two storage closets, making it suitable for companies of all sizes. Tenants will find convenience in the nearby amenities and the flexibility to create a workspace tailored to their specific needs. The surrounding neighborhood offers a mix of dining, shopping, and entertainment options. LeFleur's Bluff State Park and the Mississippi Museum of Natural Science are a short drive away. The Fondren District, with its restaurants, coffee shops, and art galleries, provides a lively atmosphere. With access to major highways and downtown Jackson, this location offers a blend of business and leisure opportunities.
    Location Intelligence

    Current Use by Public Records

    Ridgeway Homes Construction Company Synergetic Therapeutic Solutions Medical Clinic Thompson Wealth Advisors Financial Advisor Watson & Norris, PLLC Law Firm Comer Capital Group Financial Advisor

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.1389309
    Latitude
    32.3344955

    Nearby Similar for Lease

    • $495 /Mo
      1,250 SF

      Renovated Office Space in Jackson

      Flexible office suites available for lease in North Jackson.
      360 Comet Dr, Jackson, MS 39206
      View Details
    • $1,475 /Mo
      3,760 SF

      Updated Office Space For Rent

      Modern office space with three offices, kitchenette, and bathroom.
      1500 Jacksonian Plz, Jackson, MS 39211
      View Details
    • $2,389 /Mo
      2,048 SF

      Downtown Jackson Office/Creative Space

      Versatile office/creative space in Jackson's historic Spengler's Corner District.
      109 N State St, Jackson, MS 39201
      View Details
    • $2,153 /Mo
      1,845 SF

      Historic Spengler's Corner Creative Space

      Versatile office/creative space in Jackson's historic Spengler's Corner District.
      117 N State St, Jackson, MS 39201
      View Details
    • $1,679 /Mo
      1,591 SF

      Retail Space with I-55 Signage

      Retail space with high I-55 traffic count available for lease.
      5760 Interstate 55, Jackson, MS 39211
      View Details
    • $1,750 /Mo
      2,600 SF

      Downtown Jackson Mixed-Use Building

      Historic building in revitalizing downtown area, ideal for various uses.
      529 S Commerce St, Jackson, MS 39211
      View Details
    • $3,350 /Mo
      5,000 SF

      Historic Downtown Mixed-Use Building

      Perfectly located in vibrant downtown Jackson, near dining and entertainment.
      529 S Commerce St, Jackson, MS 39211
      View Details
    • $1,600 /Mo
      2,400 SF

      Historic Downtown Mixed-Use Building

      Combination of warehouse, office, and retail spaces available for rent.
      529 S Commerce St, Jackson, MS 39211
      View Details
    • $6,488 /Mo
      8,651 SF

      High-Visibility Commercial Property in Jackson, MS

      Highly visible commercial property in North Jackson's Woodrow Wilson retail corridor.
      320 W Woodrow Wilson Ave, Jackson, MS 39213
      View Details
    • New
      $1,335 /Mo
      801 SF

      Office Space in Riverhill Tower

      Convenient Jackson location with utilities and janitorial included.
      1675 Lakeland Dr, Jackson, MS 39216
      View Details
    • $5,250 /Mo
      19,000 SF

      Distribution Center in Jackson, MS

      Large distribution center with showroom, offices, and warehouse space.
      755 E Mcdowell Rd, Jackson, MS 39204
      View Details
    • New
      $1,238 /Mo
      743 SF

      Fondren District Office Opportunity

      Centrally located office space in Jackson's vibrant Fondren District.
      3000 Old Canton Rd Lot, Jackson, MS 39216
      View Details

    FAQs

    What type of property is this?
    Office units - Customizable office spaces with high-speed internet and ample parking.
    Where is this office units located?
    The property is located at 1880 Lakeland Dr Jackson, MS.
    What is the lease rate?
    The lease rate is $2,400 /Mo.
    What are key features of this property?
    This property features: - Prime location in Jackson, MS, offering a dynamic mix of dining, shopping, and entertainment.; - Modern, customizable office spaces designed to meet the needs of today's professional tenants.; - High-speed internet connectivity for an efficient working environment.
    (601) 987-0202
    Request Owner's contact information
    1880 Lakeland Dr Jackson, MS 39216
    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.
    1880 Lakeland Dr
    Jackson, MS 39216
    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
    1880 Lakeland Dr Jackson, MS 39216
    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
    Jeff Speed, Ccim
    Jeff Speed, Ccim
    Real Estate License ID: #16810
    (601) 987-0202 (601) 624-8380
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!