Property profile

1385 Johnny Johnson Dr Brookhaven, MS 39601

OFF-MARKET
Office buildings
Property ID
US50-1641220
7,920 SF 0.6 ac lot Built 2000
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fully occupied, 8,000-square-foot Class B office building located at 1385 Johnny Johnson Dr, Brookhaven, MS 39601. The property boasts a strong 8.50% capitalization rate and an asking price of $950,000 ($118.75 per square foot). Built in 2000 and renovated in 2022, this single-story building sits on a 0.6-acre lot and features two credit tenants under long-term leases with annual rent bumps, ensuring consistent income. The building's exterior has recently been refreshed with a modern white and grey paint scheme. Furthermore, 5,100 square feet of interior space has undergone a complete renovation, including new flooring and energy-efficient LED lighting. The property's location in Lincoln County, Mississippi, offers convenient access to local amenities and infrastructure. This stabilized investment is ideal for buyers seeking a secure, high-return commercial property with minimal vacancy risk. The property's APN is B77-14-2-016.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2000
Total area 7,920 SF
Lot 0.6 ac (26,233 SF)
APN B77-14 -2 -016.
UPID US50-1641220

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
  • Hospital
  • Home Health Care Service
  • Tax Department State Government Office

Location

1385 Johnny Johnson Dr Brookhaven, MS 39601-9641
Brookhaven metro Census 950202 BROOKHAVEN, MS MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$445k

Owner & transaction history

since 2021
Last sale
$555,000
3 recorded transactions
2022
Price N/A
2021
Price N/A
2021
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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