Tenant-Occupied Office
For Sale
$985,000
536 Deerfield Dr, Forest, MS 39074
Established tenant occupancy supports continued office use with convenient employee and visitor access.
Property Size8,000 SF
Price / SF$123.13
Days on Market87
Property Features for 536 Deerfield Dr
General Information
Standard status
Active
Size
8,000 SF
Total Parking Spaces
51
Additional Details
Highway Access
Yes
Building Details
Year Built
2007
Buildings
1
Listing Agency:
Southern Homes Real Estate
Listed By:
Madison Hill · License #S55311
(601) 540-2034
Source:
Fiorellaavenue
Added: Jul 21
Changed: Oct 8
Last Checked: Oct 7 at 5:10PM
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 Southern Homes Real Estate
Investment Insights
Based on property information with market context.
Built in 2007, this 8,000-square-foot office building is arranged around an open central work area with six private offices. Additional improvements include a large conference room, an oversized computer/server room, two storage rooms, and a kitchenette. The property is currently occupied by a tenant, providing an existing rental-income component.
Located at 536 Deerfield Dr in Forest, Mississippi, the building sits just off Highway 35 for straightforward access. Fifty-one on-site parking spaces accommodate both employees and visitors, supporting the property's current office configuration.
Located at 536 Deerfield Dr in Forest, Mississippi, the building sits just off Highway 35 for straightforward access. Fifty-one on-site parking spaces accommodate both employees and visitors, supporting the property's current office configuration.
Key Highlights
- 8,000‑square‑foot office building constructed in 2007
- Six private offices surrounding an open central work area
- Large conference room, computer/server room, two storage rooms, and kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,765
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,495,300
$1.5M
Cap Rate 7%
$1,068,071
$1.1M
Cap Rate 9%
$830,722
$830.7K
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$113.3K $14.16/SF
− Vacancy
−$13.6K −$1.70/SF
EGI
$99.7K $12.46/SF
− OpEx
−$24.9K −$3.12/SF
NOI
$74.8K $9.35/SF
Area
Scott 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%
$1,495,300
Cap Rate 7%
$1,068,071
Cap Rate 9%
$830,722
Alternative Uses
Best Use
Office B
$1.07M
$934.6K – $1.25M
NOI $74,765 @ 7.0% cap · market cap 7.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,962 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
200
Businesses Nearby
Explore this area
Business Placement
Demographics for 39074, MS
14,552
Population
6,222
Households
2.3
Avg Household Size
36
Median Age
14%
College-Educated
75%
High-School Grad
277.4 sq mi
ZIP Area
52
Density / Sq Mi
$46,890
Median Household Income
$31,378
Median Earnings
$795
Median Rent
$114,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Established tenant occupancy supports continued office use with convenient employee and visitor access.
Where is this office building located?
The property is located at 536 Deerfield Dr Forest, 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: 8,000‑square‑foot office building constructed in 2007; Six private offices surrounding an open central work area; Large conference room, computer/server room, two storage rooms, and kitchenette
