Freestanding Drive-Through
For Sale
$1,000,000
1002 Treetops Boulevard, Flowood, MS 39232
Commercial Sale, Flowood, MS
Property Size3,700 SF
Lot Size0.75 Acres
Price / SF$270.27
Days on Market476
Property Features for 1002 Treetops Boulevard
General Information
Property type
Commercial Sale
Property subtype
Retail
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Lot features
Rectangular Lot, Rectangular Lot
Directions
Situated in a convenient area located off US Hwy 25 Lakeland Drive on Treetops Blvd.
Standard status
Active
APN
E10k000003 00013
Size
3,700 SF
Lot size
0.75 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT 221.17 X 168.5 X 187 X 165 IN SE SW (APPROX 0.771 AC)
Tax Annual Amount
11856
Legal Description
LOT 221.17 X 168.5 X 187 X 165 IN SE SW (APPROX 0.771 AC)
Utilities
Sewer type
Public Sewer
Building Details
Floors in Building
1
Listing Agency:
JDJ Realty
(601) 707-5555
Listed By:
Chad Doiron · License #S59663
(601) 260-0335
Added: May 13, 2025
Changed: Aug 26
Last Checked: Aug 31 at 9:06PM
MLS# 4113512
Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This vacant restaurant property includes 3,700 square feet on a 0.75-acre site. The interior provides a dining room suited to both casual and seated service, a built-in bar, two ADA-compliant restrooms, and a commercial kitchen with a walk-in cooler and additional storage. Customer furnishings and kitchen equipment are included in the sale. A drive-through window and on-site parking are also part of the property, with public sewer service in place.
Located at 1002 Treetops Boulevard in Flowood, Mississippi, the property offers access to Lakeland Drive and proximity to Interstate 55 and Jackson's International Airport. The site is positioned along a commercial corridor reporting approximately 20,000 VPD, providing a location for continued restaurant use.
Located at 1002 Treetops Boulevard in Flowood, Mississippi, the property offers access to Lakeland Drive and proximity to Interstate 55 and Jackson's International Airport. The site is positioned along a commercial corridor reporting approximately 20,000 VPD, providing a location for continued restaurant use.
Key Highlights
- 3,700 SF restaurant building on a 0.75‑acre site
- Drive‑through window with on‑site parking
- Commercial kitchen includes walk‑in cooler and additional storage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,953
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$939,060
$939.1K
Cap Rate 7%
$670,757
$670.8K
Cap Rate 9%
$521,700
$521.7K
Market Conditions
NOI Build-Up for 3,700 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$66.6K $18.00/SF
− Vacancy
−$4.0K −$1.08/SF
EGI
$62.6K $16.92/SF
− OpEx
−$15.7K −$4.23/SF
NOI
$47.0K $12.69/SF
Area
Rankin County, MS
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$939,060
Cap Rate 7%
$670,757
Cap Rate 9%
$521,700
Alternative Uses
Best Use
Specialty Retail
$670.8K
$586.9K – $782.6K
NOI $46,953 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$888.0K – $1.18M
NOI $71,040 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
722
Businesses Nearby
Explore this area
Business Placement
Demographics for 39232, MS
9,052
Population
4,204
Households
2.2
Avg Household Size
37
Median Age
51%
College-Educated
97%
High-School Grad
25.6 sq mi
ZIP Area
354
Density / Sq Mi
$83,389
Median Household Income
$49,760
Median Earnings
$1,412
Median Rent
$293,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Vacant restaurant property with a commercial kitchen, indoor dining, customer furnishings, and on-site parking.
Where is this drive through restaurant located?
The property is located at 1002 Treetops Boulevard Flowood, MS.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 3,700 SF restaurant building on a 0.75‑acre site; Drive‑through window with on‑site parking; Commercial kitchen includes walk‑in cooler and additional storage
