499 Keywood CirFlowood, MS 39232

Property Details for 499 Keywood Cir

Year built

2004

Property size (Sq ft)

3,144 SF

Property type

Office buildings

APN

F10J000015 01170

APU

F10J00001501170

Description

This exceptional investment opportunity presents a fully leased, 3,096 square foot Class B office building located at 499 Keywood Circle in Flowood, Mississippi, within Rankin County. The property boasts a desirable multi-tenant occupancy, currently at 100%, with a strong asking price of $400,000, translating to $129.20 per square foot. The building features two suites: Suite A, encompassing approximately 1,779 square feet, and Suite B, comprising approximately 1,317 square feet. Construction is single-story, all brick, and the building is well-maintained. The property offers convenient front door parking, a significant advantage for tenants and visitors. Its strategic location provides easy access to major thoroughfares including Flowood Drive, Airport Road, and Lakeland Drive, ensuring high visibility and convenient commutes. This is a Net Net (NN) lease, making it an attractive investment with minimal management responsibilities. The property's strong occupancy rate and prime location in the thriving Rankin County market make it an ideal addition to any investment portfolio. The zip code is 39232.

• CAP approach

  CAP return

  Valuation

  6%

  $527,010

  6.5%

  $486,471

  7%

  $451,723

• Comparable approach

  Method

  Valuation

  Relative Method

  $239,827

  Geo Method

  $613,269

• Alternative Use

  Use

  Valuation

  Residential

  $603,224

  Hospitality

  $552,550

  Educational

  $459,715

  Medical

  $475,525

  Retail

  $715,112

Location Insight

City

Jackson

County

Rankin

State

Mississippi

Latitude

32.3309

Longitude

-90.0945

CBSA code

27140

CBSA name

JACKSON, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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