120 Vlg Blvd Madison, MS 39110-8423
This exceptional 4,200 square foot, single-story office building, constructed in 2008, presents a compelling investment opportunity in Madison, Mississippi. Located at 120 Village Blvd, this Class B property boasts a prime location with convenient access to Highway 51. The building is currently configured as a two-tenant space, each suite offering a reception area, five private offices, a workroom, a conference room, a kitchenette, and separate restrooms for men and women. Ample parking is available with 15 spaces situated on a sizable 0.88-acre lot. The asking price is $715,000, translating to $170.24 per square foot. This presents a unique opportunity for investors, as the current owner is willing to lease back one of the suites, providing immediate and consistent rental income. The building's layout and amenities make it ideal for a variety of professional uses. Its strategic location and strong potential for rental income make this a highly attractive investment prospect. The property's size and layout offer flexibility for future tenants or potential expansion. This is a rare opportunity to acquire a well-maintained, income-producing office building in a thriving Mississippi market.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.