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Second-Floor Office Suite
For Lease
$7,020/Mo

118 Homestead Drive, Madison, MS 39110

A flexible office layout combines private rooms, shared work areas, and conference space, with potential for division or build-to-suit.

Space Size4,500 SF
Days on Market837

Property Features for 118 Homestead Drive

General Information

Standard status Active
Size 4,500 SF

Space & Availability

Divisible Yes
Floor 2
Space Use Office
Private Offices 8
Meeting Rooms 1

Additional Details

Highway Access Yes

Amenities

restroom
break room
shared lobby

Building Details

Building Size 4,500 SF
Year Built 2008
Listing Agency: JDJ Realty
Listed By: Kim Bobbitt · License #24085
Source: Brittbarnes
Added: Jul 12, 2024 Changed: Oct 25 Last Checked: Oct 26 at 3:37AM

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 JDJ Realty

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Investment Insights

Based on property information with market context.

The second-floor office suite contains approximately 4,500 square feet, including 8 private offices, open area for cubicles or shared work, a conference room, computer room, storage, and 2 bathrooms. The building was constructed in 2008. A shared lobby, break room, and an additional restroom are located downstairs. The owner will consider dividing the suite or completing a build-to-suit configuration.

The property is in Homestead Office Park, off Hwy 51, at 118 Homestead Drive in Madison, Mississippi.

Key Highlights

  • Approximately 4,500 square feet on the second floor
  • 8 private offices plus an open area for cubicles or shared work
  • Conference room, computer room, storage, and 2 bathrooms

Property Analytics

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Current Use

Cynthia A. Stewart, P.A. Law Firm But God Ministries Church

Suggested Use

Top Pick Big Box & Wholesale Store Restaurant Spa & Massage Center Auto Repair Shop Hair Salon Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
NNN (Triple Net)
Lease Type
$2.81 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

21
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Madison, MS

$16.71 /SF/Yr
Avg Asking Price
$1.24–$35 /SF/Yr
Price Range
17,683 SF
Avg Space Size

This space is priced 12% above the average of $16.71 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Frequently Asked Questions

What type of property is this?
Office unit - A flexible office layout combines private rooms, shared work areas, and conference space, with potential for division or build-to-suit.
Where is this office unit located?
The property is located at 118 Homestead Drive Madison, MS.
What is the lease rate?
The lease rate is $7,020/Mo.
What are key features of this property?
This property features: Approximately 4,500 square feet on the second floor; 8 private offices plus an open area for cubicles or shared work; Conference room, computer room, storage, and 2 bathrooms
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