1307 Airport Rd, Flowood, MS 39232
Freestanding office building in Flowood, MS with leasing potential.
- 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
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
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Flowood
- County
- Rankin
- State
- Mississippi
- Longitude
- -90.0921962
- Latitude
- 32.3299912