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    1050 N Flowood Dr Flowood, MS 39232

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    For Lease
    Contact for pricing

    Professional building with marquee signage in a thriving area.

    Property size:
    912 SF
    Lot size:
    0.76 Acres

    Property Features for 1050 N Flowood Dr

    General Information

    Size
    912 SF
    Lot size
    0.76 Acres

    We can help!

    Listing Contact
    Brandon Brown, Ccim
    Brandon Brown, Ccim
    Source: Moodyscre

    Listing Agency: T.L. Brown Properties Listing Agent: Brandon Brown, Ccim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Flowood Office Space For Rent

    This 912-square-foot office space is located in a professional building visible from Lakeland Drive. Situated in a professional and medical area, it is the first building upon entry, distinguished by its green roof. The property is professionally landscaped and maintained, offering ample parking and lighting, along with attractive common area features. Marquee signage is available. The surrounding area is thriving, with a mix of offices, retail establishments, banks, and restaurants. The available space includes an open area, a private office, and a restroom, suitable for various office or medical needs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Real Estate Agency Big Box & Wholesale Store Hair Salon Auto Repair Shop Dental Office Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Flowood
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.1023961
    Latitude
    32.3319014

    Nearby Similar for Lease

    • $17,611 /Mo
      9,606 SF

      Flowood Office Building For Lease

      Highly visible office building with ample parking in Flowood, MS.
      2508 Lakeland Dr, Flowood, MS 39232
      View Details
    • New
      $3,472 /Mo
      3,205 SF

      Flowood Warehouse with Office Space

      Commercial warehouse with office space for lease in Flowood.
      114 N Layfair Dr, Flowood, MS 39232
      View Details
    • $2,900 /Mo
      1,800 SF

      Flowood Office Space Available

      1,800 sq ft office space in Flowood, Mississippi.
      148 Daughdrill Sta, Flowood, MS 39232
      View Details
    • $680 /Mo
      136 SF

      Flowood Office Space For Rent

      Office spaces with shared amenities in central Flowood location.
      781 Liberty Rd, Flowood, MS 39232
      View Details
    • $800 /Mo
      160 SF

      Flowood Office Space For Rent

      Office spaces with shared amenities in central Flowood location.
      781 Liberty Rd, Flowood, MS 39232
      View Details
    • $940 /Mo
      188 SF

      Flowood Office Space For Rent

      Office spaces with shared amenities in central Flowood location.
      781 Liberty Rd, Flowood, MS 39232
      View Details
    • Sponsored
      Contact for pricing

      Market Street

      Flexible workspace in San Jose Airport
      232 Market St, Flowood, MS 39232
      View Details
    • $350 /Mo
      5,184 SF

      Remodeled Office Spaces For Lease

      Newly remodeled office spaces available near Jackson International Airport.
      215 Woodline Dr, Flowood, MS 39232
      View Details
    • $20 SF/Yr

      Flowood Commercial Space For Rent

      Prime commercial space suitable for medical or office use.
      2506 Lakeland Dr, Flowood, MS 39232
      View Details
    • Contact for pricing

      Flowood Retail/Medical Strip Center

      Modernized retail/medical center with drive-thru, strong visibility, ample parking.
      1000 Lakeland Square Ext, Flowood, MS 39208
      View Details
    • Contact for pricing
      7,000 SF

      Lakeland Drive Frontage Retail/Office Space

      Retail or office space with high traffic and easy access.
      4800 Lakeland Dr, Flowood, MS 39232
      View Details
    • $6 SF/Yr

      Flowood Warehouse Space Available

      Warehouse space for lease with dock-high and drive-in doors.
      200 Gulf South Dr, Flowood, MS 39232
      View Details

    FAQs

    What type of property is this?
    Office units - Professional building with marquee signage in a thriving area.
    Where is this office units located?
    The property is located at 1050 N Flowood Dr Flowood, MS.
    What are key features of this property?
    This property features: - Highly visible location on Lakeland Drive, ideal for attracting clients.; - Positioned as the first building in a professional/medical area.; - Ample parking and well-lit premises for convenience and safety.
    (601) 981-1170 Call to check price and availability
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    1050 N Flowood Dr Flowood, MS 39232
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    Flowood, MS 39232
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1050 N Flowood Dr Flowood, MS 39232
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brandon Brown, Ccim
    Brandon Brown, Ccim
    Real Estate License ID: B-18800
    (601) 981-1170 (601) 955-3737 (601) 980-1170
    Learn more
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