Brandon Office Building For
For Sale
$699,000
557 Grants Ferry Road, Brandon, MS 39047
Modernized office building in desirable Brandon submarket, renovated in 2022.
Property Size3,716 SF
Price / SF$188.11
Days on Market194
Property Features for 557 Grants Ferry Road
General Information
Standard status
Active
Size
3,716 SF
Class
C
Property subtype
Medical/Healthcare
Building Details
Building Size
3,716 SF
Year Built
1987
Listing Agency:
NAI UCR Properties, LLC
Listed By:
Micah McCullough · License #B-18980
(601) 981-6800
Source:
Thebrokerlist
Added: Mar 27
Changed: Sep 4
Last Checked: Oct 5 at 3:06PM
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, LLC
Investment Insights
Based on property information with market context.
Located in the Brandon submarket of Rankin County, 557 Grants Ferry Road is a 3,716 square foot office building. Constructed in 1987 and renovated in 2022, the property also features a new roof installed in 2023. The property is zoned C-2 and was previously utilized as a medical office, allowing for a broad range of office and professional uses. The building is positioned along Grants Ferry Road, providing access to Highway 25, Spillway Road, and Interstate 20. This location allows access to Brandon, Flowood, and greater Jackson, while also benefiting from surrounding residential areas, retail corridors, and nearby healthcare and professional services. The building's size, curb appeal, and zoning make it suitable for an owner-user, private investor, or long-term hold strategy focused on stable office tenancy.
Key Highlights
- Renovated in 2022 with a new roof in 2023, minimizing near‑term capital expenditures.
- Located in the highly desirable and stable Brandon submarket of Rankin County.
- Strategically positioned with immediate access to Highway 25, Spillway Road, and Interstate 20, providing efficient regional access.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,905
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$838,100
$838.1K
Cap Rate 7%
$598,643
$598.6K
Cap Rate 9%
$465,611
$465.6K
Market Conditions
NOI Build-Up for 3,716 SF
Gross rent
$78.0K $21.00/SF
− Vacancy
−$8.2K −$2.21/SF
EGI
$69.8K $18.80/SF
− OpEx
−$27.9K −$7.52/SF
NOI
$41.9K $11.28/SF
Area
Rankin County, MS
Vacancy
10.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$838,100
Cap Rate 7%
$598,643
Cap Rate 9%
$465,611
Alternative Uses
Best Use
Healthcare Medical
$598.6K
$523.8K – $698.4K
NOI $41,905 @ 7.0% cap · market cap 5.99%
Second Best
Office B
$573.3K
$501.7K – $668.9K
NOI $40,133 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$1.02M
$891.8K – $1.19M
NOI $71,347 @ 7.0% cap · market cap 10.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
397
Businesses Nearby
Explore this area
Business Placement
Demographics for 39047, MS
39,191
Population
16,706
Households
2.3
Avg Household Size
39
Median Age
45%
College-Educated
93%
High-School Grad
96.9 sq mi
ZIP Area
404
Density / Sq Mi
$93,114
Median Household Income
$52,928
Median Earnings
$1,491
Median Rent
$265,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Modernized office building in desirable Brandon submarket, renovated in 2022.
Where is this office building located?
The property is located at 557 Grants Ferry Road Brandon, MS.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Renovated in 2022 with a new roof in 2023, minimizing near‑term capital expenditures.; Located in the highly desirable and stable Brandon submarket of Rankin County.; Strategically positioned with immediate access to Highway 25, Spillway Road, and Interstate 20, providing efficient regional access.
