Flowood Office Building For
781 Liberty Road Flowood, MS 39232
For Sale
$1,700,000
Beautiful office building in the heart of Flowood, Mississippi.
Property Size11,000 SF
Lot Size1.08 Acres
Price / SF$154.55
Days on Market1305
Property Features for 781 Liberty Road
General Information
- Standard status
- Active
- Size
- 11,000 SF
- Lot size
- 1.08 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2009
Listing Agency:
Blue South Real Estate Group,LLC dba Blue South
(601) 717-2660
Listed By:
Calah Hall · License #B22304
(601) 717-2660
Source:
Exitrealty
Added: Dec 30, 2022
Changed: Jul 6
Last Checked: Jul 27 at 2:49AM
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 Blue South Real Estate Group,LLC dba Blue South
Investment Insights
Based on property information with market context.
This office building is situated in Flowood. The downstairs area features a reception area, seven offices, a conference room, a full kitchen, a utility/IT room, a sitting room by the elevator, two bathrooms, and a stairway to the upstairs. The upstairs area includes a reception area, a kitchenette, a conference room, a break room, a file room, nine offices (two of which are small assistant-sized offices), two bathrooms, and a janitor closet. The upstairs has been transformed into office space with trendy colors and flooring. The office doors are glass with shades for privacy, and there is an abundance of natural light from windows. The building includes a large garage/storage area at the back with double doors. Constructed with soundproof offices and exterior walls, the building provides a quiet workspace. The property is suitable for a law office, real estate office, medical office, and other professional uses. The property has a total size of 11000 square feet.
Key Highlights
- Prime location in the heart of Flowood.
- Soundproof offices and exterior walls for a quiet work environment.
- Versatile layout suitable for various professional offices (law, real estate, medical, etc.).
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $198.0k | $18.00 |
| − Vacancy | −$39.6k | −$3.60 |
| EGI | $158.4k | $14.40 |
| − OpEx | −$39.6k | −$3.60 |
| NOI | $118.8k | $10.80 |
11,000 SF · lease $18.00/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.70M
$1.49M – $1.98M
NOI $118,800 @ 7.0% cap · market cap 6.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.02M
$2.64M – $3.52M
NOI $211,200 @ 7.0% cap · market cap 12.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - Beautiful office building in the heart of Flowood, Mississippi.
Where is this office building located?
The property is located at 781 Liberty Road Flowood, MS.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Prime location in the heart of Flowood.; Soundproof offices and exterior walls for a quiet work environment.; Versatile layout suitable for various professional offices (law, real estate, medical, etc.).
