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    5076 Lakeland Dr Flowood, MS 39232

    For Sale
    $3,500,000

    SINGLE_FAMILY - Flowood, MS

    Type:Retail
    Property size:
    10,000 SF
    Lot size:
    2.89 Acres
    Days on Market:
    86
    Last Refresh:
    Dec 5 at 5:06 am

    Property Features for 5076 Lakeland Dr

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Standard status
    Active
    APN
    G11-000044-00212
    Size
    10,000 SF
    Lot size
    2.89 Acres

    Building Details

    Year built
    2019

    Real Broker LLC (855) 450-0442 [email protected]

    Listing agent Jeff Hadley License #S50828

    Listing date Sep 11, 2025

    Copyright © 2025 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.

    Overview

    Flowood Commercial Buildings on Lakeland

    Located on Lakeland Drive in Flowood, this property features two commercial buildings: a 4,007-square-foot freestanding IHOP restaurant and a 6,000-square-foot three-unit retail center. Constructed in 2019, both buildings have separate utilities and high-clear ceilings. The combined space totals 10,007 square feet on approximately 2.88 acres. The property offers flexibility as a single investment or potential for separate sales in the future. Flowood is situated in Rankin County, and Lakeland Drive experiences a traffic volume of approximately 45,000 vehicles per day. The surrounding area includes national brands such as Target, Walmart, BestBuy, Kroger, and Lowe's. The five-mile trade area encompasses approximately 56,000 to 58,000 residents and 33,000 employees, with average household incomes exceeding $113,000. This property presents opportunities for a 1031 exchange or a long-term cash flow asset, with multiple exit strategies and potential for individual dispositions.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Breakfast & diners

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Flowood
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.051937
    Latitude
    32.345138

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    FAQs

    What type of property is this?
    Breakfast & diner - Two modern commercial buildings totaling 10,007 SF on 2.88 acres.
    Where is this breakfast & diner located?
    The property is located at 5076 Lakeland Dr Flowood, MS.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: - Prime location on Lakeland Drive with high visibility and approximately 45,000 vehicles per day.; - Two modern commercial buildings (IHOP restaurant and retail center) totaling +/-10,007SF built in 2019.; - Located in Flowood, Rankin County, one of Mississippi's fastest-growing counties.
    (601) 951-5318
    Request Owner's contact information
    5076 Lakeland Dr Flowood, MS 39232
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    Flowood, MS 39232
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5076 Lakeland Dr Flowood, MS 39232
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