Shell Condition Office
124 One Madison Plz Madison, MS 39110
New
For Sale
Contact for pricing
Office suite in One Madison Plaza offers shell condition space for a tenant-specific layout design.
Property Size1,692 SF
Price / SF$200
Days on Market2
Property Features for 124 One Madison Plz
General Information
- Standard status
- Active
- Size
- 1,692 SF
- Property subtype
- OFFICE
Listing Agency:
Pinpoint Commercial Real Estate, LLC
(601) 383-3733
Listed By:
Sam Cox · License #B-22593
(601) 383-3733
Source:
Moodyscre
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 25 at 5:10AM
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 Pinpoint Commercial Real Estate, LLC
Investment Insights
Based on property information with market context.
Suite 1600 is located within One Madison Plaza and is offered in shell condition, giving a user the ability to design a space plan to their specifications. The suite is approximately 1,692 square feet and is suited for professional office build-outs.
The office-park development includes two buildings and is positioned between Madison and Ridgeland. Interstate-55 is about 0.8 miles from Lake Castle Road, providing convenient access for employees commuting to the area.
For prospective tenants or buyers seeking flexible interior development, this suite provides an adaptable base within a multi-building office setting.
The office-park development includes two buildings and is positioned between Madison and Ridgeland. Interstate-55 is about 0.8 miles from Lake Castle Road, providing convenient access for employees commuting to the area.
For prospective tenants or buyers seeking flexible interior development, this suite provides an adaptable base within a multi-building office setting.
Key Highlights
- Suite 1600 in One Madison Plaza offers approximately 1,692 SF
- Currently in shell condition, allowing a tenant‑specific space plan design
- Office‑park location includes two buildings in Madison County
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 | $29.4k | $17.40 |
| − Vacancy | −$5.4k | −$3.22 |
| EGI | $24.0k | $14.18 |
| − OpEx | −$6.0k | −$3.55 |
| NOI | $18.0k | $10.64 |
1,692 SF · lease $17.40/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$257.1K
$225.0K – $299.9K
NOI $17,996 @ 7.0% cap · market cap 5.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$368.3K
$322.3K – $429.7K
NOI $25,783 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Gene Yates & Associates ...
Financial Advisor
Benchmark Title, LLC
Law Firm
Eddie J. Briggs, ...
Law Firm
McClellan Law Firm ...
Law Firm
Briggs Properties, LLC
Real Estate Agency
FAQs
What type of property is this?
Office units - Office suite in One Madison Plaza offers shell condition space for a tenant-specific layout design.
Where is this office units located?
The property is located at 124 One Madison Plz Madison, MS.
What is the asking price?
The asking price for this property is $338,400.
What are key features of this property?
This property features: Suite 1600 in One Madison Plaza offers approximately 1,692 SF; Currently in shell condition, allowing a tenant‑specific space plan design; Office‑park location includes two buildings in Madison County
