Office
For Sale
$1,100,000
213 Katherine, Flowood, MS 39232
The Flowood office property offers access to local amenities and highways.
Property Size7,453 SF
Price / SF$147.59
Days on Market9
Property Features for 213 Katherine
General Information
Standard status
Active
Size
7,453 SF
Taxes and HOA fees
Annual Taxes
$13,760
Listing Agency:
Hopper Properties
(601) 724-1435
Listed By:
J.T. T Mardis · License #S62240
(601) 955-2600
Source:
Exprealty
Added: Sep 28
Changed: Sep 30
Last Checked: Oct 5 at 7:34PM
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 Hopper Properties
Investment Insights
Based on property information with market context.
This office building contains 7,453 square feet. It is located at 213 Katherine in Flowood, with access to local amenities and highways.
Key Highlights
- 7,453‑square‑foot office building
- Located at 213 Katherine in Flowood, Mississippi
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,492
Cap Rate
7.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,609,840
$1.6M
Cap Rate 7%
$1,149,886
$1.1M
Cap Rate 9%
$894,356
$894.4K
Market Conditions
NOI Build-Up for 7,453 SF
Gross rent
$134.2K $18.00/SF
− Vacancy
−$26.8K −$3.60/SF
EGI
$107.3K $14.40/SF
− OpEx
−$26.8K −$3.60/SF
NOI
$80.5K $10.80/SF
Area
Rankin County, MS
Vacancy
20.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,609,840
Cap Rate 7%
$1,149,886
Cap Rate 9%
$894,356
Alternative Uses
Best Use
Office B
$1.15M
$1.01M – $1.34M
NOI $80,492 @ 7.0% cap · market cap 7.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.04M
$1.79M – $2.38M
NOI $143,098 @ 7.0% cap · market cap 13.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
989
Businesses Nearby
Explore this area
Business Placement
Demographics for 39232, MS
9,052
Population
4,204
Households
2.2
Avg Household Size
37
Median Age
51%
College-Educated
97%
High-School Grad
25.6 sq mi
ZIP Area
354
Density / Sq Mi
$83,389
Median Household Income
$49,760
Median Earnings
$1,412
Median Rent
$293,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - The Flowood office property offers access to local amenities and highways.
Where is this office building located?
The property is located at 213 Katherine Flowood, MS.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 7,453‑square‑foot office building; Located at 213 Katherine in Flowood, Mississippi
