1385 Johnny Johnson DrBrookhaven, MS 39601

Property Details for 1385 Johnny Johnson Dr

Year built

2000

Lot size

0.60 AC

Property size (Sq ft)

7,920 SF

Property type

Office buildings

APN

B77-14 -2 -016.

APU

B77142016

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,101,066

  6.5%

  $1,016,368

  7%

  $943,770

• Comparable approach

  Method

  Valuation

  Relative Method

  $604,145

  Geo Method

  $1,544,875

• Alternative Use

  Use

  Valuation

  Residential

  $1,260,297

  Hospitality

  $1,154,425

  Educational

  $960,468

  Medical

  $993,500

  Retail

  $1,494,061

Location Insight

City

Brookhaven

County

Lincoln

State

Mississippi

Latitude

31.5767

Longitude

-90.4781

CBSA code

15020

CBSA name

BROOKHAVEN, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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