252 Katherine DrFlowood, MS 39232

Property Details for 252 Katherine Dr

Year built

2008

Lot size

0.05 AC

Property size (Sq ft)

2,387 SF

Property type

Office properties

Property subtype

Office buildings

APN

F10J000015 00690C

APU

F10J00001500690C

Description

This exceptional 995+/- square foot single-tenant office space is ideally located at 252 Katherine Drive, Suite B, in Flowood. Situated on the desirable first floor, this rare find offers a convenient and efficient workspace. The monthly rent is $1,450, and the tenant is responsible for utilities and janitorial services. To enhance the space, the landlord will be undertaking significant improvements prior to occupancy. This includes the complete replacement of carpeting in three rooms and a fresh coat of paint throughout the entire suite. This presents a fantastic opportunity for a business seeking a move-in ready, well-maintained office space in a prime Flowood location. The property is classified as a traditional office building and offers a single tenancy arrangement, ensuring privacy and control. The space is perfect for a small business or professional needing a comfortable and functional office environment. The address is easily accessible and benefits from the advantages of being in Flowood. Contact the provided number for further details and scheduling a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $400,119

  6.5%

  $369,340

  7%

  $342,959

• Comparable approach

  Method

  Valuation

  Relative Method

  $182,082

  Geo Method

  $465,608

• Alternative Use

  Use

  Valuation

  Residential

  $457,982

  Hospitality

  $419,509

  Educational

  $349,027

  Medical

  $361,030

  Retail

  $542,930

Location Insight

City

Flowood

County

Rankin

State

Mississippi

Latitude

32.3332

Longitude

-90.0935

CBSA code

27140

CBSA name

JACKSON, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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