224 Commerce Drive, Brandon, MS 39042
Two-story office building in high-demand Brandon commercial corridor.
- Added:
- Mar 6, 2026
- Days on Market:
- 123
- Last Refresh:
- Jun 29 at 8:20 pm
Property Features for 224 Commerce Drive
General Information
- Standard status
- Active
- Size
- 5,891 SF
- Property subtype
- Office
Building Details
- Year Built
- 1976
Listing office NAI UCR Properties (601) 405-7136
Listing date Mar 6, 2026
Source Naiglobal
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All listing content including descriptions, pricing, images are the copyrighted material of NAI UCR Properties
HighLights
- Below replacement cost at $770,000.
- Located in a high‑demand office area with low supply.
- Lease in place through 2026 provides rental income.
- Efficient 5,891 SF floor plan.
- Recently re‑finished interior.
- Located in a thriving commercial corridor.
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 | $106.0k | $18.00 |
| − Vacancy | −$21.2k | −$3.60 |
| EGI | $84.8k | $14.40 |
| − OpEx | −$21.2k | −$3.60 |
| NOI | $63.6k | $10.80 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Brandon
- County
- Rankin
- State
- Mississippi
- Longitude
- -90.0271
- Latitude
- 32.2818
