Two-Story Brick Office
For Sale
$419,000
8 Lakeland Cir, Jackson, MS 39216
C-3 commercial zoning, surrounding parking, and a flexible two-floor layout serve a range of office operations.
Property Size3,745 SF
Lot Size0.25 Acres
Price / SF$111.88
Days on Market59
Property Features for 8 Lakeland Cir
General Information
Standard status
Active
Size
3,745 SF
Lot size
0.25 Acres
Zoning
C-3
Additional Details
Traffic Count
55,000 vehicles/day
Taxes and HOA fees
Annual Taxes
$3,739
Amenities
exterior storage shed
exterior back deck
Building Details
Year Built
1983
Year Renovated
2009
Buildings
1
Stories
2
Building Size
3,745 SF
Construction
brick and wood
Listing Agency:
Trifecta Real Estate, LLC
(601) 741-3559
Listed By:
Andrea Goodwin · License #S57643
(601) 953-3642
Source:
Exprealty
Added: Aug 20
Changed: Oct 13
Last Checked: Oct 16 at 1:02PM
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 Trifecta Real Estate, LLC
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Investment Insights
Based on property information with market context.
This two-story office property combines brick and wood construction with 3,745 square feet of interior space. The building was originally completed in 1983 and expanded in 2009 with a second floor and exterior back deck. Interior finishes include wood, tile, and vinyl flooring, while two HVAC units, two bathrooms, an exterior storage shed, and parking around the building add functional support.
The property occupies approximately 0.245 acres at 8 Lakeland Circle in Jackson, near the Jackson/Flowood corridor and along Lakeland Drive. It carries C-3 Commercial zoning and is positioned near the final turn before the bridge into Flowood. Historical traffic counts for the area are approximately 55,000 vehicles.
The property occupies approximately 0.245 acres at 8 Lakeland Circle in Jackson, near the Jackson/Flowood corridor and along Lakeland Drive. It carries C-3 Commercial zoning and is positioned near the final turn before the bridge into Flowood. Historical traffic counts for the area are approximately 55,000 vehicles.
Key Highlights
- 3,745 SF two‑story office building on approximately 0.245 acres
- C‑3 Commercial zoning
- Expanded in 2009 with a second floor and exterior back deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,999
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$699,980
$700.0K
Cap Rate 7%
$499,986
$500.0K
Cap Rate 9%
$388,878
$388.9K
Market Conditions
NOI Build-Up for 3,745 SF
Gross rent
$53.0K $14.16/SF
− Vacancy
−$6.4K −$1.70/SF
EGI
$46.7K $12.46/SF
− OpEx
−$11.7K −$3.12/SF
NOI
$35.0K $9.35/SF
Area
Jackson, 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%
$699,980
Cap Rate 7%
$499,986
Cap Rate 9%
$388,878
Alternative Uses
Best Use
Office B
$500.0K
$437.5K – $583.3K
NOI $34,999 @ 7.0% cap · market cap 8.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$641.7K
$561.5K – $748.7K
NOI $44,922 @ 7.0% cap · market cap 10.72%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
55,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
853
Businesses Nearby
Explore this area
Business Placement
Demographics for 39216, MS
4,061
Population
2,073
Households
2
Avg Household Size
36
Median Age
64%
College-Educated
98%
High-School Grad
3.1 sq mi
ZIP Area
1,310
Density / Sq Mi
$43,315
Median Household Income
$33,839
Median Earnings
$1,128
Median Rent
$249,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - C-3 commercial zoning, surrounding parking, and a flexible two-floor layout serve a range of office operations.
Where is this office building located?
The property is located at 8 Lakeland Cir Jackson, MS.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: 3,745 SF two‑story office building on approximately 0.245 acres; C‑3 Commercial zoning; Expanded in 2009 with a second floor and exterior back deck
