Technical
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Property profile

235 Ms-589 Purvis, MS 39475

OFF-MARKET
Office Spaces
5,317 SF Built 2005
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Property summary

AI-generated overview

This exceptional 5,317 square foot office building, located at 235 Hwy 589 in Purvis, Mississippi, presents a compelling investment opportunity. Built in 2005, this single-story, Class C property boasts 100% occupancy with two high-quality tenants, generating a substantial net operating income (NOI) of $47,549 and a strong 9.51% capitalization rate. The asking price is $500,000, translating to a price per square foot of $94.04. The property features a gross lease structure and sits on a sizable 36,590 square foot lot, zoned I-1. This multi-tenant building offers a stable income stream with a proven track record. The property is conveniently located in Lamar County, Mississippi, with easy access to Highway 589. Serious inquiries only. Showings are by appointment only, and lease agreements are available for review upon execution of a non-disclosure agreement.

Property profile

Verified
Property type Office Spaces
Year built 2005
Total area 5,317 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

235 Ms-589 Purvis, MS 39475
Purvis metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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