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Property profile & analytics
FOR LEASE
Office Spaces

1001 Underwood Dr Flowood, MS 39232

2,576 SF 12.96 ac lot Built 1972
Entity Owned 11-yr Hold Absentee Owner Free & Clear
Property ID
US50-0030241
Property summary
AI-generated overview

Premier Flowood Industrial Park offers a prime opportunity for manufacturing businesses seeking flexible space in Rankin County, Mississippi. Located at 1001 Underwood Drive, Flowood, MS 39232, this single-tenant industrial property boasts 39,500 square feet of vacant space within a larger complex. The property is zoned I-2, providing versatility for various manufacturing operations. Its convenient location offers easy access to major transportation arteries, including Flowood Drive, Highway 80, Interstates 20 and 55, and the Jackson International Airport, ensuring efficient logistics and distribution. The industrial park features renovated buildings, enhancing functionality and appeal. A significant advantage is the presence of an active rail spur, providing an additional transportation option for businesses requiring rail access. The available space is suitable for warehousing, distribution, or manufacturing activities, making it an ideal location for businesses seeking a strategic presence within the robust Jackson MSA submarket. The property's size and amenities make it a compelling option for companies seeking to establish or expand their operations in a well-connected and developed industrial area. This is a rare opportunity to secure a substantial space in a thriving industrial park.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1972
Total area 2,576 SF
Lot 12.96 ac (564,538 SF)
APN E09N000001 00000
UPID US50-0030241
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Flowood Developers LLC · 11 yrs held
Flowood Developers LLC
since 2015
3 recorded transactions
2015
Price N/A
2014
Price N/A
2004
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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