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    Flowood Freestanding Office Building Title is generated by Realmo AI

    1307 Airport Rd, Flowood, MS 39232

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    Freestanding office building in Flowood, MS with leasing potential.

    Type:Office
    Property size:
    5,000 SF
    Price / SF:
    $125/SF
    Added:
    Aug 21, 2022
    Days on Market:
    1417
    Last Refresh:
    Jul 2 at 8:49 am

    Property Features for 1307 Airport Rd

    General Information

    Standard status
    Active
    Size
    5,000 SF
    Property subtype
    Office

    Building Details

    Year Built
    1999

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    Philip Holman, CCIM
    Philip Holman, CCIM

    Listing office The Mattiace Company

    Listing date Aug 21, 2022

    Source Crexi

    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

    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.
    • Convenient access to Hwy 25 (Lakeland Drive), Airport Road, & Flowood Drive.
    • Fully built‑out traditional office space with private offices, conference rooms, and work room.
    • Ample front door surface parking.

    Overview

    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.

    Local 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 $90.0k $18.00
    − Vacancy −$18.0k −$3.60
    EGI $72.0k $14.40
    − OpEx −$18.0k −$3.60
    NOI $54.0k $10.80
    5,000 SF · lease $18.00/SF/yr · vacancy 20.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $771.4K
    $675.0K – $900.0K (±1% cap)
    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 (±1% cap)
    NOI $96,000 @ 7.0% cap · market cap 15.36%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Grocery & Convenience Store Garden Center Clothing & Fashion Store Parking Lot & Garage (Bike/Boat/Book/etc) Store Barber Shop Bed & Breakfast Acupuncture (Bike/Boat/Book/etc) Store Coworking & Hybrid Office

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Flowood
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.0921962
    Latitude
    32.3299912

    FAQs

    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.
    More about this property
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