548 Keyway DrFlowood, MS 39232

Property Details for 548 Keyway Dr

Year built

2000

Property size (Sq ft)

4,167 SF

Property type

Office properties

Property subtype

Office buildings

APN

F10J000015 00890

APU

F10J00001500890

Description

This 4,313-square-foot, single-story Class B office building, constructed in 2000, is situated on a 0.57-acre lot in Flowood, Mississippi, zip code 39232. The property features a well-maintained interior with seven standard private offices, three executive offices, a conference room, an open office area (with potential for a second conference room), two private restrooms, a breakroom, a copy/file room, an IT room, and a reception/lobby area. Ample parking is provided by a private lot with 22 spaces and a convenient circle driveway. The building enjoys a professional office park setting, close to major medical, office, and industrial businesses. Its location offers easy access to key transportation arteries, including Highway 25, Highway 80, Interstate 55, Interstate 20, Flowood Drive, and Jackson International Airport. The property is currently vacant and presents an excellent opportunity for owner-occupancy or investment. The building includes monument signage. This is a traditional office building in Rankin County.

• CAP approach

  CAP return

  Valuation

  6%

  $698,490

  6.5%

  $644,760

  7%

  $598,705

• Comparable approach

  Method

  Valuation

  Relative Method

  $317,862

  Geo Method

  $812,815

• Alternative Use

  Use

  Valuation

  Residential

  $799,502

  Hospitality

  $732,339

  Educational

  $609,298

  Medical

  $630,252

  Retail

  $947,797

Location Insight

City

Flowood

County

Rankin

State

Mississippi

Latitude

32.3326

Longitude

-90.0919

CBSA code

27140

CBSA name

JACKSON, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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