Two-Story Office
For Sale
$1,650,000
781 Liberty Road, Flowood, MS 39232
Commercial Sale, Flowood, MS
Property Size6,452 SF
Lot Size1.08 Acres
Price / SF$255.73
Days on Market1376
Property Features for 781 Liberty Road
General Information
Property type
Commercial Sale
Property subtype
Office
Bathrooms
5
Half bathrooms
5
Rooms
Bathroom 4, Bathroom 3, Bathroom 1, Bathroom 2, Bathroom 5
Subdivision
Metes And Bounds
Standard status
Active
APN
F10p-000010-00020
Size
6,452 SF
Lot size
1.08 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
LOT 2 LAKELAND BUSINESS PARK LESS LIBERTY ROAD
Tax Annual Amount
17323
Legal Description
LOT 2 LAKELAND BUSINESS PARK LESS LIBERTY ROAD
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
2009
Flooring type
Carpet, Wood
Roof type
Shingle
Listing Agency:
Blue South Real Estate Group,LLC dba Blue South
(601) 398-2377
Listed By:
Calah Hall · License #B22304
(601) 717-2660
Added: Dec 30, 2022
Changed: Sep 30
Last Checked: Oct 6 at 11:06AM
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.
Investment Insights
Based on property information with market context.
This 6,452-square-foot office building, constructed in 2009, is arranged across two levels with a broad mix of private offices and shared areas. The lower floor includes reception, seven offices, a conference room, full kitchen, utility and IT room, sitting area, two bathrooms, and elevator access. The upper floor adds reception, nine offices, a kitchenette, conference room, break room, file room, two bathrooms, and a janitor closet. Glass office doors include privacy shades, while windows provide natural light throughout. A rear garage and storage area with double doors adds functional support space, and soundproofed offices and exterior walls are part of the building’s construction.
The property sits on 1.08 acres in Flowood, Mississippi. Public water and public sewer serve the site, with water available. Interior finishes include carpet and wood flooring, and the roof is shingle. The owner may consider renting a portion of the building, although the property is offered for sale.
The property sits on 1.08 acres in Flowood, Mississippi. Public water and public sewer serve the site, with water available. Interior finishes include carpet and wood flooring, and the roof is shingle. The owner may consider renting a portion of the building, although the property is offered for sale.
Key Highlights
- 6,452‑square‑foot office building on 1.08 acres
- Built in 2009 with two levels of office and support space
- Lower level includes 7 offices, conference room, full kitchen, utility/IT room, and 2 baths
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.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
506
Businesses Nearby
Explore this area
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
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Configured with multiple offices, conference rooms, kitchen areas, and supporting workspaces across both levels.
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 with two levels of office and support space; Lower level includes 7 offices, conference room, full kitchen, utility/IT room, and 2 baths
