1031 Exchange Property with H&R
For Sale
$254,900
407 Pinola Drive, Magee, MS 39111
Fully leased commercial building with an established tenancy through April 30, 2028.
Property Size1,845 SF
Price / SF$138.16
Days on Market81
Property Features for 407 Pinola Drive
General Information
Standard status
Active
Size
1,845 SF
Property subtype
Commercial
Occupancy
100%
Additional Details
Office Units
1
Building Details
Year Built
1988
Buildings
1
Building Size
1,845 SF
Tenancy
Single
Owner Occupied
No
Abandoned
No
Listing Agency:
E Speed Realty
Listed By:
Kimberly Walker · License #532001376
(601) 273-2180
Source:
Cdgroupusa
Added: Aug 6
Changed: Oct 12
Last Checked: Oct 23 at 3:54AM
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 E Speed Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,845+/- square foot commercial building is fully leased to H&R Block, providing an established occupant and an existing lease term through April 30, 2028. The property features a well-maintained exterior and paved on-site parking, supporting straightforward day-to-day ownership and tenant access.
Located at 407 Pinola Dr SE in Magee, the building sits along a busy commercial corridor with strong visibility and convenient accessibility. Its combination of an established national tenant, compact commercial footprint, and existing parking makes the property suitable for an investor or 1031 exchange buyer seeking an occupied commercial asset.
Located at 407 Pinola Dr SE in Magee, the building sits along a busy commercial corridor with strong visibility and convenient accessibility. Its combination of an established national tenant, compact commercial footprint, and existing parking makes the property suitable for an investor or 1031 exchange buyer seeking an occupied commercial asset.
Key Highlights
- Fully leased to H&R Block
- 1,845+/- square foot commercial building
- Existing lease runs through April 30, 2028
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,243
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$344,860
$344.9K
Cap Rate 7%
$246,329
$246.3K
Cap Rate 9%
$191,589
$191.6K
Market Conditions
NOI Build-Up for 1,845 SF
Gross rent
$26.1K $14.16/SF
− Vacancy
−$3.1K −$1.70/SF
EGI
$23.0K $12.46/SF
− OpEx
−$5.7K −$3.12/SF
NOI
$17.2K $9.35/SF
Area
Simpson County, MS
Vacancy
12.00%
Lease Rate
$14.16 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$344,860
Cap Rate 7%
$246,329
Cap Rate 9%
$191,589
Alternative Uses
Best Use
Office B
$246.3K
$215.5K – $287.4K
NOI $17,243 @ 7.0% cap · market cap 6.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$316.2K
$276.6K – $368.9K
NOI $22,131 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 39111, MS
9,517
Population
4,049
Households
2.4
Avg Household Size
39
Median Age
15%
College-Educated
79%
High-School Grad
141.5 sq mi
ZIP Area
67
Density / Sq Mi
$46,399
Median Household Income
$30,586
Median Earnings
$794
Median Rent
$119,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
1031 exchange property - Fully leased commercial building with an established tenancy through April 30, 2028.
Where is this 1031 exchange property located?
The property is located at 407 Pinola Drive Magee, MS.
What is the asking price?
The asking price for this property is $254,900.
What are key features of this property?
This property features: Fully leased to H&R Block; 1,845+/- square foot commercial building; Existing lease runs through April 30, 2028
