Two-Story Office
781 Liberty Road, Flowood, MS 39232
For Sale
$1,650,000
Commercial Sale, Flowood, MS
Property Size6,452 SF
Lot Size1.08 Acres
Price / SF$255.73
Days on Market1414
Property Features for 781 Liberty Road
General Information
Property type
Property subtype
Bathrooms
Half bathrooms
Rooms
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Property Use
Condition
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
conference room
full kitchen
kitchenette
break room
file room
garage/storage
soundproof offices
Building Details
Year built
Flooring type
Roof type
Buildings
Listing Agency:
Blue South Real Estate Group,LLC dba Blue South
(601) 398-2377
Listed By:
Calah Hall · License MS B22304
(601) 717-2660
Added: Dec 30, 2022
Changed: Oct 30
Last Checked: Nov 12 at 6:06AM
MLS# 4036121
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.
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Investment Insights
Based on property information with market context.
This two-story office property contains 6,452 square feet on a 1.08-acre parcel and was built in 2009. The lower floor has seven offices, a reception area, conference room, full kitchen, sitting area, utility and IT room, and two bathrooms. Upstairs, the office layout includes nine offices, reception space, a second conference room, kitchenette, break room, file room, and two bathrooms. The upper level was recently converted into office space. Glass office doors with shades, sound-reducing construction, and windows throughout are additional building features. A garage and storage area with double doors sits at the rear.
The property is at 781 Liberty Road in Flowood. Public water and sewer are available, and the building has central heating and air conditioning.
The property is at 781 Liberty Road in Flowood. Public water and sewer are available, and the building has central heating and air conditioning.
Key Highlights
- 6,452‑square‑foot office building on 1.08 acres
- Built in 2009
- 16 offices across two floors, plus reception areas and two conference rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,682
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,393,640
$1.4M
Cap Rate 7%
$995,457
$995.5K
Cap Rate 9%
$774,244
$774.2K
Market Conditions
NOI Build-Up for 6,452 SF
Gross rent
$116.1K $18.00/SF
− Vacancy
−$23.2K −$3.60/SF
EGI
$92.9K $14.40/SF
− OpEx
−$23.2K −$3.60/SF
NOI
$69.7K $10.80/SF
Area
Rankin County, MS
Vacancy
20.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,393,640
Cap Rate 7%
$995,457
Cap Rate 9%
$774,244
Alternative Uses
Best Use
Office B
$995.5K
$871.0K – $1.16M
NOI $69,682 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,878 @ 7.0% cap · market cap 7.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
506
Businesses Nearby
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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
$293,000
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Rankin County, MS
Properties on Market for Office buildings in Rankin County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A multi-office layout includes meeting rooms, kitchen facilities, and rear garage storage.
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 $1,650,000.
What are key features of this property?
This property features: 6,452‑square‑foot office building on 1.08 acres; Built in 2009; 16 offices across two floors, plus reception areas and two conference rooms
