1919 Lakeland Dr, Jackson, MS
Two-story building with flex space available for lease or sale.
- Added:
- Oct 31, 2023
- Days on Market:
- 967
- Last Refresh:
- May 20 at 8:30 pm
Property Features for 1919 Lakeland Dr
General Information
- Standard status
- Active
- Size
- 16,434 SF
- Lot size
- 1.20 Acres
- Property subtype
- OFFICE
Properties For Sale
at 1919 Lakeland Dr Contact us
Listing agent Grant Ridgway License #19145
Listing office CBRE | Jackson (601) 420-8080
Listing date Oct 31, 2023
Source Moodyscre
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 CBRE | Jackson
HighLights
- Opportunity for investor/owner occupant.
- Vacancies ranging from 2,106 - 16,434 SF.
- Competitive investment opportunity with sale price of $2,750,000 or lease rate of $18‑20 MG.
- Well‑maintained two‑floor building.
- Flex space on 1st floor of ±4,000 SF.
- Exterior roll‑up door and showers.
Overview
Local 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 | $232.7k | $14.16 |
| − Vacancy | −$27.9k | −$1.70 |
| EGI | $204.8k | $12.46 |
| − OpEx | −$51.2k | −$3.12 |
| NOI | $153.6k | $9.35 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Jackson
- County
- Rankin
- State
- Mississippi
- Longitude
- -90.1374
- Latitude
- 32.3325
