Shell Condition Office
For Sale
Contact for pricing
124 One Madison Plz, Madison, MS 39110
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 Market30
Property Features for 124 One Madison Plz
General Information
Standard status
Active
Size
1,692 SF
Property subtype
OFFICE
Site & Location
Highway Access
Yes
Road Access
Yes
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: Aug 21 at 2:11PM
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
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,996
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$359,920
$359.9K
Cap Rate 7%
$257,086
$257.1K
Cap Rate 9%
$199,956
$200.0K
Market Conditions
NOI Build-Up for 1,692 SF
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.
Gross rent
$29.4K $17.40/SF
− Vacancy
−$5.4K −$3.22/SF
EGI
$24.0K $14.18/SF
− OpEx
−$6.0K −$3.55/SF
NOI
$18.0K $10.64/SF
Area
Madison County, MS
Vacancy
18.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$359,920
Cap Rate 7%
$257,086
Cap Rate 9%
$199,956
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
Explore this area
Business Placement
Demographics for 39110, MS
48,474
Population
18,305
Households
2.6
Avg Household Size
41
Median Age
64%
College-Educated
97%
High-School Grad
74.3 sq mi
ZIP Area
652
Density / Sq Mi
$122,955
Median Household Income
$62,071
Median Earnings
$1,979
Median Rent
$342,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
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
