Flowood Freestanding Office
2627 Courthouse Cir, Flowood, MS 39232
Call to check price and availability
Freestanding 3,638 SF office building in Flowood, Mississippi.
Type:Office
Property size:
3,638 SFPrice / SF:
$164/SF- Added:
- Feb 19, 2026
- Days on Market:
- 93
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 2627 Courthouse Cir
General Information
- Standard status
- Active
- Size
- 3,638 SF
- Property subtype
- Office
Building Details
- Year Built
- 2004
Listing agent Micah McCullough License #MS B-18980
Listing office NAI UCR Properties (601) 981-6800
Listing date Feb 19, 2026
Source Crexi
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 NAI UCR Properties
HighLights
- Prime Location: Situated just off Lakeland Drive in Flowood, offering immediate access to major retail, dining, and service destinations.
- Functional Layout: The 3,638 ± SF building offers a highly functional layout suitable for medical, professional, or administrative use.
- Professional Image: A free‑standing, single‑story brick building constructed in 2004, presenting a clean and professional image.
- Adaptable Configuration: The building's configuration allows for ease of adaptation while maintaining a professional image and operational flow.
- Strong Accessibility: Provides efficient space with strong accessibility for employees and clients.
- Stable Business Environment: Located in the Courthouse Circle area, known for its concentration of professional and medical users.
Overview
Located in Flowood, Mississippi, the property at 2637 Courthouse Circle is a 3,638 ± SF, free-standing, single-story brick office building. Constructed in 2004, the property has a functional layout. Previously utilized as a medical office, the configuration is suited for medical, professional, or administrative users seeking efficient space. The property is located just off Lakeland Drive, one of Flowood’s primary commercial corridors, providing access to retail, dining, and service destinations. The location is within minutes of national and regional retailers, financial institutions, medical offices, and professional services. The Courthouse Circle area is known for its concentration of professional and medical users, offering a stable business environment connected to Flowood’s commercial activity. The location balances accessibility, visibility, and long-term market relevance.
Financial Insights
Value Estimation Calculated for Healthcare Medical
Conservative
$455.8K
NOI $41,026 @ 9.00% cap · cautious / downside scenario
Moderate
$586.1K
NOI $41,026 @ 7.00% cap · market / base-case scenario
Aggressive
$820.5K
NOI $41,026 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Healthcare Medical
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $76.4k | $21.00 |
| − Vacancy | −$8.0k | −$2.21 |
| EGI | $68.4k | $18.80 |
| − OpEx | −$27.4k | −$7.52 |
| NOI | $41.0k | $11.28 |
3,638 SF · lease $21.00/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Use Scenarios
Best Use
Healthcare Medical
$586.1K
$512.8K – $683.8K
NOI $41,026 @ 7.0% cap · market cap 6.84%
Second Best
Office B
$561.3K
$491.1K – $654.8K
NOI $39,290 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$997.9K
$873.1K – $1.16M
NOI $69,850 @ 7.0% cap · market cap 11.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar Places Nearby
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- Advanced Animal Dental Care: Johnson, Lynn DVM — 1009 Treetops Blvd, Flowood, MS 39232
Location Insight
- Map
- Local Demand
- City
- Flowood
- County
- Rankin
- State
- Mississippi
- Longitude
- -90.1137086
- Latitude
- 32.3273247
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Freestanding 3,638 SF office building in Flowood, Mississippi.
Where is this medical office space located?
The property is located at 2627 Courthouse Cir Flowood, MS.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Prime Location: Situated just off Lakeland Drive in Flowood, offering immediate access to major retail, dining, and service destinations.; Functional Layout: The 3,638 ± SF building offers a highly functional layout suitable for medical, professional, or administrative use.; Professional Image: A free‑standing, single‑story brick building constructed in 2004, presenting a clean and professional image.
