Property profile

1089 Stark Rd Starkville, MS 39759

OFF-MARKET
Office buildings
Property ID
US50-1326461
6,998 SF Built 2008
Entity Owned 17-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fee-simple ownership of a single-story, 6,998-square-foot office building situated on a 1.17-acre lot in Starkville, Mississippi. Built in 2008, the property is currently 100% occupied by the Social Security Administration (SSA), a tenant with an S&P AA+ investment-grade credit rating. The lease is a gross lease with a current annual net operating income (NOI) of $128,337, representing an attractive 8.50% capitalization rate based on the asking price of $1,509,851 ($215.75 per square foot). The SSA's lease includes a 2018 renewal extending through 2028, with a five-year option for rental increase to $172,926.88. This strategically located property benefits from its proximity to major retail establishments including Kroger, Lowe's, Walmart, and numerous other national brands. Its convenient location near the MS-12/MS-25 interchange (experiencing over 25,000 combined vehicles daily), and 1.5 miles from George M Bryan Public Use Airport, further enhances its appeal. The property's location within a growing office and residential development corridor, coupled with Starkville's thriving community (including Mississippi State University with over 25,000 students and staff), makes this a compelling investment prospect. The daytime population within a 5-mile radius exceeds 57,700. The nearest SSA location is a 30-minute drive away in Columbus, MS. This build-to-suit property offers a stable, high-quality income stream with significant long-term potential.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2008
Total area 6,998 SF
APN 21121
UPID US50-1326461

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Real Estate Agency

Location

1089 Stark Rd Starkville, MS 39759-3565
Starkville metro Census 950201 STARKVILLE, MS MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$760k

Owner & transaction history

since 2008
1 recorded transaction
2008
Price N/A

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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