Flowood Freestanding Office
For Sale
Contact for pricing
1307 Airport Rd, Flowood, MS 39232
Freestanding office building in Flowood, MS with leasing potential.
Property Size5,000 SF
Price / SF$125
Days on Market1508
Property Features for 1307 Airport Rd
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Office
Zoning
C-3 - General Commercial District
Lease Type
Modified Gross
Building Details
Year Built
1999
Buildings
1
Stories
1
Listing Agency:
The Mattiace Company
Listed By:
Philip Holman, CCIM · License #MS
(601) 291-0942
Source:
Crexi
Added: Aug 21, 2022
Changed: Oct 4
Last Checked: Oct 5 at 4:17PM
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 The Mattiace Company
Investment Insights
Based on property information with market context.
The property at 1307 Airport Road is a freestanding office building situated in a suburban office park in Flowood, Mississippi, east of the Blue Cross of Mississippi corporate headquarters. It offers convenient access to Highway 25 (Lakeland Drive), Airport Road, and Flowood Drive. The building contains three suites. Suite A, available for occupancy, measures 1,445 rentable square feet. Suite B, also vacant, measures 900 rentable square feet. Suite C is currently leased and measures 2,445 rentable square feet. The building is suitable for a business owner who can occupy one or both vacant suites while generating rental income from the leased Suite C. The suites are built out as traditional office spaces, featuring multiple private offices, conference rooms, and work rooms. The building includes a common area lobby, a break room, and men’s and women’s restrooms. Ample surface parking is available in front of the building. The total property size is 5,000 square feet.
Key Highlights
- Freestanding office building in a suburban office park.
- Potential for owner‑occupancy of two vacant suites (1,445 sq. ft. and 900 sq. ft.)**
- Existing lease on one suite (2,445 sq. ft.) provides immediate rental income.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,000
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,080,000
$1.1M
Cap Rate 7%
$771,429
$771.4K
Cap Rate 9%
$600,000
$600.0K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$90.0K $18.00/SF
− Vacancy
−$18.0K −$3.60/SF
EGI
$72.0K $14.40/SF
− OpEx
−$18.0K −$3.60/SF
NOI
$54.0K $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%
$1,080,000
Cap Rate 7%
$771,429
Cap Rate 9%
$600,000
Alternative Uses
Best Use
Office B
$771.4K
$675.0K – $900.0K
NOI $54,000 @ 7.0% cap · market cap 8.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,000 @ 7.0% cap · market cap 15.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
925
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Freestanding office building in Flowood, MS with leasing potential.
Where is this office building located?
The property is located at 1307 Airport Rd Flowood, MS.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Freestanding office building in a suburban office park.; Potential for owner‑occupancy of two vacant suites (1,445 sq. ft. and 900 sq. ft.)**; Existing lease on one suite (2,445 sq. ft.) provides immediate rental income.
