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Property summary
This exceptional Class A executive office building, located at 438 Katherine Drive in Flowood, Mississippi, presents a compelling investment opportunity. The 6,384 square foot property boasts 100% occupancy with two national credit tenants, USI and Vericlaim, ensuring a stable and predictable income stream. Built in 2008 and extensively renovated in 2023, including a new roof, the building is in excellent condition and well-maintained. The property offers a strong capitalization rate of 8.25%, making it an attractive addition to any portfolio. Situated in the robust Flowood submarket, with a zip code of 39232, this asset benefits from a prime location within Rankin County. The asking price is $1,154,795. This turnkey investment provides immediate cash flow and long-term growth potential. The property's strong tenant roster and recent renovations minimize future capital expenditures, maximizing return on investment. This is a rare opportunity to acquire a high-quality, fully leased office building in a desirable Mississippi location. Detailed financial information is available upon request.
Property profile
VerifiedCap rate & NOI
Current use
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Association / Organization
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Physician
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Flowood market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2019Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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