Renovated Two-Story Office
New
For Sale
$985,000
4001 Lakeland Drive, Jackson, MS 39232
Commercial Sale, Jackson, MS
Property Size4,988 SF
Lot Size0.46 Acres
Price / SF$197.47
Days on Market5
Property Features for 4001 Lakeland Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 4, Bathroom 2, Bathroom 3
Parking features
Open, Parking Lot
Subdivision
Lakeland East Office Park
Lot features
Corner Lot, Corner Lot
Standard status
Active
APN
F10n-000002-00050
Size
4,988 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 5 LAKELAND EAST OFFICE PARK DB 330 PG 63 62273 DB 515 PG 0298 0091686 DB 556 PG 0422 0062288
Tax Annual Amount
9265
Legal Description
LOT 5 LAKELAND EAST OFFICE PARK DB 330 PG 63 62273 DB 515 PG 0298 0091686 DB 556 PG 0422 0062288
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1998
Floors in Building
2
Flooring type
Carpet, Tile
Roof type
Asphalt
Listing Agency:
W Real Estate LLC
(601) 499-0952
Listed By:
Rashida Walker · License #S44405
(601) 573-1866
Added: Oct 9
Changed: Oct 12
Last Checked: Oct 13 at 10:06AM
MLS# 4165144
Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Renovated and converted for office use, this two-story building contains 4,988 square feet and was built in 1998. Its planned layout includes 12 offices, four restrooms, a laboratory, a breakroom, and an open office area. Attic storage is also available but is not heated or cooled.
The property has central heating and central air conditioning, with carpet and tile flooring. A parking lot provides open parking, and the building is served by public water and public sewer. The roof is asphalt.
The property has central heating and central air conditioning, with carpet and tile flooring. A parking lot provides open parking, and the building is served by public water and public sewer. The roof is asphalt.
Key Highlights
- 4,988‑square‑foot, two‑story office building
- 12 offices, four restrooms, a laboratory, breakroom, and open office area
- Attic storage is not heated or cooled
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
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Current Use
Location Intelligence
Trade Area within ½ mile
1,282
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
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - The interior plan includes private offices, a laboratory, an open work area, and four restrooms.
Where is this office building 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: 4,988‑square‑foot, two‑story office building; 12 offices, four restrooms, a laboratory, breakroom, and open office area; Attic storage is not heated or cooled
