Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail/Office Space on Lakeland Drive Title is generated by Realmo AI

    5352 Lakeland Dr, Brandon, MS 39042

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    2550 SF ground floor space available in multi-tenant building.

    Type:Retail, Office
    Property size:
    2,550 SF
    Lot size:
    1.96 Acres
    Added:
    Jul 23, 2024
    Days on Market:
    683
    Last Refresh:
    May 12 at 9:31 pm

    Property Features for 5352 Lakeland Dr

    General Information

    Standard status
    Active
    Size
    2,550 SF
    Lot size
    1.96 Acres
    Property subtype
    Retail, Office

    Building Details

    Year Built
    2004

    Spaces For Lease

    at 5352 Lakeland Dr Contact us

    Available Space 1 $21/Mo

    Size
    2,550 SF
    Type
    Retail, Office
    Contact us

    We can help!

    Listing Contact
    Pratt Rogers
    Pratt Rogers

    Listing agent Pratt Rogers License #S-59411

    Listing office Kerioth Corporation

    Listing date Jul 23, 2024

    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 Kerioth Corporation

    HighLights

    • 21,000 square foot building
    • Situated on 1.96 acres
    • 180' frontage on MS 25 Highway (Lakeland Drive)
    • Ample surface parking with 100 parking spaces
    • Multi‑tenant building including eateries and fitness
    • Tenant signage opportunity

    Overview

    This 21,000 square foot building is situated on 1.96 acres with 180 feet of frontage on MS 25 Highway (Lakeland Drive). The property benefits from curb cut access and ample surface parking, providing 100 parking spaces at a ratio of 4.76:100. There is a tenant signage opportunity available. The property is a multi-tenant building with eateries and a fitness center. The available space is 2550 square feet of ground floor space.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brandon
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.0419565
    Latitude
    32.3488033

    Nearby Similar for Lease

    • $5,025/Mo
      4,689 SF

      Office Space Near Lakeland

      Office space with 14 private offices, conference, and training rooms.
      505 Avalon Way lot: Ab, Brandon, MS 39047
      View Details
    • $325/Mo
      170 SF

      Professional Office Space For Rent

      Professional office space with utilities included in Brandon, Mississippi.
      505 Avalon Way lot: A2, Brandon, MS 39047
      View Details
    • $1,400/Mo
      1,400 SF

      Office Space with Covered Deck

      Office suite with private offices, kitchenet, and covered deck.
      505 Avalon Way lot: Suite C-Ext, Brandon, MS 39047
      View Details
    • $600/Mo
      490 SF

      Office Space in Brandon, MS

      Office suite available for lease in Brandon, Mississippi.
      505 Avalon Way lot: Suite C, Brandon, MS 39047
      View Details
    • $24 SF/Yr
      1,488 SF

      Retail Space with Drive-Thru

      End-cap retail space with drive-thru in high-traffic area.
      120 Stribling Ln, Brandon, MS 39042
      View Details
    • $2,305/Mo
      2,520 SF

      Brandon Office Space For Rent

      Office space featuring multiple offices, training room, and covered deck.
      505 Avalon Way lot: Suite Bc, Brandon, MS 39047
      View Details
    • $24 SF/Yr
      5,828 SF

      Retail Space with Drive-Thru

      End-cap retail space with drive-thru in high-traffic area.
      120 Stribling Ln, Brandon, MS 39042
      View Details
    • $34 SF/Yr
      30,161 SF

      Class A Office Space Available

      New Class A office space for rent in Brandon, Mississippi.
      917 Marquette Road, Brandon, MS 39042
      View Details
    • $16 SF/Yr
      26,461 SF

      Office Space on Old Fannin

      Office suite available in Rankin County with frontage on Old Fannin.
      1368 Old Fannin Road, Brandon, MS 39047
      View Details
    • Contact for pricing
      3,600 SF

      Freestanding Restaurant Building For Lease

      Freestanding quick-service restaurant with drive-thru in established commercial corridor.
      1480 West Government Street | Brandon, MS 39042
      View Details
    • $14 SF/Yr
      1,752 SF

      Retail Space Available For Rent

      Former hair salon with reception, office, and open area.
      1190 Old Fannin Rd, Brandon, MS
      View Details
    • $1,500/Mo
      1,200 SF

      Flexible Office Space in Brandon

      Office space with private offices, reception, storage, and restroom.
      211 Woodgate Dr S, Brandon, MS, 39042-2757
      View Details

    FAQs

    What type of property is this?
    Retail space - 2550 SF ground floor space available in multi-tenant building.
    Where is this retail space located?
    The property is located at 5352 Lakeland Dr Brandon, MS.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: 21,000 square foot building; Situated on 1.96 acres; 180' frontage on MS 25 Highway (Lakeland Drive)
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Pratt Rogers
    Pratt Rogers
    Real Estate License ID: S-59411
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5352 Lakeland Dr, Brandon, MS 39042
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!