Two-Story Medical Office
New
For Sale
$985,000
4001 Lakeland Drive, Jackson, MS 39232
A planned interior configuration includes private offices, a laboratory, and shared workspace.
Property Size4,988 SF
Lot Size0.44 Acres
Price / SF$197.47
Days on Market4
Property Features for 4001 Lakeland Drive
General Information
Standard status
Active
Size
4,988 SF
Lot size
0.44 Acres
Property subtype
Commercial
Building Details
Year Built
1998
Buildings
1
Stories
2
Building Size
4,988 SF
Listing Agency:
W Real Estate LLC
Listed By:
Rashida Walker · License #5332
(601) 573-1866
Source:
Cdgroupusa
Added: Oct 11
Last Checked: Oct 12 at 5:07PM
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 W Real Estate LLC
Investment Insights
Based on property information with market context.
This two-story medical office property contains approximately 4,988 square feet of gross building area on a 0.44-acre parcel. The building was constructed in 1998 and has since been renovated and converted. Its planned interior configuration includes 12 offices, four restrooms, a laboratory, a breakroom, an open office area, and attic storage that is not heated or cooled.
Key Highlights
- Approximately 4,988 square feet of gross building area
- 0.44‑acre parcel (19,166 square feet)
- Two‑story building, constructed in 1998 and renovated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,561
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$991,220
$991.2K
Cap Rate 7%
$708,014
$708.0K
Cap Rate 9%
$550,678
$550.7K
Market Conditions
NOI Build-Up for 4,988 SF
Gross rent
$89.8K $18.00/SF
− Vacancy
−$7.2K −$1.44/SF
EGI
$82.6K $16.56/SF
− OpEx
−$33.0K −$6.62/SF
NOI
$49.6K $9.94/SF
Area
Jackson, MS
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$991,220
Cap Rate 7%
$708,014
Cap Rate 9%
$550,678
Alternative Uses
Best Use
Healthcare Medical
$708.0K
$619.5K – $826.0K
NOI $49,561 @ 7.0% cap · market cap 5.03%
Second Best
Office B
$665.9K
$582.7K – $776.9K
NOI $46,616 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$854.7K
$747.9K – $997.2K
NOI $59,832 @ 7.0% cap · market cap 6.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,282
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - A planned interior configuration includes private offices, a laboratory, and shared workspace.
Where is this medical office space located?
The property is located at 4001 Lakeland Drive Jackson, MS.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: Approximately 4,988 square feet of gross building area; 0.44‑acre parcel (19,166 square feet); Two‑story building, constructed in 1998 and renovated
