Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    219 Waterford Square Madison, MS

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Rare first-floor office suite with convenient access to I-55.

    Type:OFFICE
    Property size:
    1,230 SF
    Lot size:
    0.65 Acres
    Added:
    Nov 24, 2025
    Days on Market:
    129
    Last Refresh:
    Mar 29 at 10:02 pm

    Property Features for 219 Waterford Square

    General Information

    Standard status
    Active
    Size
    1,230 SF
    Lot size
    0.65 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Hugh Johnson
    Hugh Johnson

    Listing agent Hugh Johnson

    Listing office J. Walter Michel Agency, Inc.

    Listing date Nov 24, 2025

    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 J. Walter Michel Agency, Inc.

    Overview

    Small Office Space in Madison

    This rare, small, first-floor office suite is located in Madison, Mississippi, less than one mile from the Madison exit off of I-55. The suite consists of three offices, a break area, two restrooms, and two closets. The total property size is 1,230 square feet. The monthly rent is $2,475. The tenant is responsible for utilities and janitorial services.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Diversified Construction Services, ... Construction Company Hawsey Insurance - Business ... Insurance Agency Hawsey Insurance - Commercial ... Insurance Agency Buckhorn Construction LLC Construction Company

    Suggested Use

    Real Estate Agency Restaurant Law Firm Auto Repair Shop Kitchen & Bath Showroom Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Madison
    State
    Mississippi
    Longitude
    -90.1578
    Latitude
    32.5561

    Nearby Similar for Lease

    • Contact for pricing

      Madison Commercial Property For Lease

      C-2 zoned commercial property with great visibility and easy access.
      573 U.S. 51, Madison, MS 39110
      View Details
    • Contact for pricing

      Retail Space in Madison Market

      Retail/office space in Madison Market Shopping Center.
      1029 Highway 51 lot: Suite B, Madison, MS 39110
      View Details
    • Contact for pricing

      Madison Office Space For Rent

      Office space for rent with flexible configuration options.
      1 Woodgreen Place lot: 211, Madison, MS 39110
      View Details
    • $24/mo

      Modern Office Suite in Madison

      Modern office suite with conference room, minutes from interstate.
      342 Old Jackson Road lot: Suite A, Madison, MS 39110
      View Details
    • Contact for pricing

      Renovated Office Suite For Rent

      Newly renovated office suite in Gluckstadt, available January 2026.
      342 Old Jackson Road, Madison, MS 39110
      View Details
    • $20/mo

      Modern Office, Shop, and Warehouse

      Premier property in Madison, MS with modern office and warehouse.
      108 Lone Wolf Drive, Madison, MS 39110
      View Details
    • $24/mo

      Madison Office Space For Lease

      Executive office space for lease in Madison, Mississippi.
      962 U.S. Highway 51, Madison, MS 39110
      View Details
    • Contact for pricing

      Modern Office Space in Madison

      Premier leasing opportunity with modern amenities and convenient location.
      124 One Madison Plz Ste 1600, Madison, MS 39110
      View Details
    • Contact for pricing

      Madison Office/Warehouse Property For Rent

      Versatile office and warehouse space in a growing commercial zone.
      125 Solleftea Drive, Madison, MS 39110
      View Details
    • Contact for pricing

      Retail Space in Madison, MS

      Retail spaces available in Kroger and Home Depot anchored center.
      111 Colony Crossing, Madison, MS, 39110
      View Details
    • Contact for pricing

      Remodeled Office Space Near I-55

      Recently remodeled office space with natural light near I-55.
      1 Woodgreen Pl Ste 216, Madison, MS, 39110-8161
      View Details
    • Contact for pricing

      Office Space Near I-55

      Office space with conference room, easily reconfigured, near I-55.
      1 Woodgreen Pl Ste 211, Madison, MS, 39110-8161
      View Details

    FAQs

    What type of property is this?
    Office units - Rare first-floor office suite with convenient access to I-55.
    Where is this office units located?
    The property is located at 219 Waterford Square Madison, MS.
    What are key features of this property?
    This property features: Rare, small office space in Madison.; Convenient location: less than 1 mile from I‑55 Madison exit.; Includes **3 private offices**.
    (601) 352-0757
    We can help!
    Listing Contact
    Hugh Johnson
    Hugh Johnson
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!