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    1887 Lakeland Dr Jackson, MS 39216

    Sponsored
    For Sale
    $4,300,000

    Jackson, MS: Prime Bank Investment

    Property size:
    16,717 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 16,717 square foot, single-tenant executive office building in Jackson, Mississippi. Currently 100% occupied by Trustmark Bank under a gross lease with a remaining term of 2.5 years (expiring June 7, 2027), the property boasts a strong 6.26% cap rate and a substantial NOI of $269,140. Built in 1977 and renovated in 2020, this Class B building sits on a 1.34-acre lot (C-2 zoning) and includes 75 parking spaces. The asking price is $4,300,000, translating to $257.22 per square foot. Lease terms include rent bumps and two options available after the initial three-year lease. The property offers a stable income stream from a credit-rated tenant in a high-traffic commercial location on Lakeland Drive. This fee-simple ownership presents a secure investment in a thriving Southeast market. The property's strategic location and strong tenant history make it an attractive opportunity for investors seeking long-term value and predictable returns. This is a rare chance to acquire a key asset in Jackson's banking infrastructure.

    Property Features for 1887 Lakeland Dr

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    16,717 SF
    Class
    B
    Lot Size
    58,370 SF

    Building Details

    Year Built/Renovated
    1977/2020
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 16,717 SF single‑tenant office building in Jackson, MS.
    • 100% occupied by Trustmark Bank under a gross lease expiring June 7, 2027 (2.5 years remaining).
    • 6.26% cap rate and $269,140 NOI.
    • Class B building on a 1.34‑acre lot (C‑2 zoning) with 75 parking spaces; built 1977, renovated 2020.
    • Asking price: $4,300,000 ($257.22/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Trustmark Mortgage Mortgage Lender

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Dental Office Hair Salon Law Firm Clothing Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Hinds
    State
    Mississippi
    Longitude
    -90.137849606306
    Latitude
    32.333316353072

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    FAQs

    What type of property is this?
    Office Property / Space - Jackson, MS: Prime Bank Investment
    Where is this office property / space located?
    The property is located at 1887 Lakeland Dr Jackson, MS.
    What is the asking price?
    The asking price for this property is $4,300,000.
    What are key features of this property?
    This property features: 16,717 SF single-tenant office building in Jackson, MS.; 100% occupied by Trustmark Bank under a gross lease expiring June 7, 2027 (2.5 years remaining).; 6.26% cap rate and $269,140 NOI.
    Request Owner's contact information
    1887 Lakeland Dr Jackson, MS 39216
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    Jackson, MS 39216
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1887 Lakeland Dr Jackson, MS 39216
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