Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1905 Community Bank Way Flowood, MS 39232

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    New Class A office space in Flowood's Waterpointe Development.

    Type:Office
    Added:
    Feb 26, 2026
    Days on Market:
    58
    Last Refresh:
    Feb 26 at 10:40 pm

    Property Features for 1905 Community Bank Way

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    2022

    We can help!

    Listing Contact
    Micah McCullough, CCIM, SIOR

    Listing agent Micah McCullough, CCIM, SIOR License #MS #B-18980

    Listing office

    Listing date Feb 26, 2026

    Source Naiglobal

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

    All listing content including descriptions, pricing, images are the copyrighted material of Micah McCullough, CCIM, SIOR

    Overview

    Class A Office Suites Available

    Located in the newly constructed Waterpointe Office Complex, these Class-A suites are available for build-out to tenant specifications. The complex is anchored by Community Bank's new corporate headquarters and is situated within the 200-acre Waterpointe Development. This sustainably designed community features Class A office spaces, retail shopping, dining options, single-family residences, luxury lofts, and a Continuing Care Retirement Community. Waterpointe is designed as a walkable, seamlessly connected community offering a blend of shopping, dining, entertainment, living, and working spaces. The location provides exclusive access to the broader Waterpointe Development.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Flowood
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.1849
    Latitude
    32.2986

    Nearby Similar for Lease

    • $17,611/Mo

      Flowood Office Building For Lease

      Highly visible office building with ample parking in Flowood, MS.
      2508 Lakeland Drive lot: 100, Flowood, MS 39232
      View Details
    • $2,900/Mo

      Flowood Office Space Available

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

      Flowood Office Space For Rent

      Office spaces with shared amenities in central Flowood location.
      781 Liberty Road lot: 7, Flowood, MS 39232
      View Details
    • $940/Mo

      Flowood Office Space For Rent

      Office spaces with shared amenities in central Flowood location.
      781 Liberty Road lot: 6, Flowood, MS 39232
      View Details
    • $680/Mo

      Flowood Office Space For Rent

      Office spaces with shared amenities in central Flowood location.
      781 Liberty Road lot: 5, Flowood, MS 39232
      View Details
    • Sponsored
      Contact for pricing

      Market Street

      232 Market St, Unit Flowood, Flowood, MS 39232
      View Details
    • $24 SF/Yr

      Professional Office Suite For Lease

      Move-in ready office suite in Flowood's thriving professional district.
      110 Belle Meade Pt, Flowood, MS 39232
      View Details
    • $14 SF/Yr

      Flowood Industrial Flex Space

      Renovated flex space in Flowood's bustling commercial district.
      1018 N Flowood 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
    • $350/Mo

      Remodeled Office Spaces For Lease

      Newly remodeled office spaces available near Jackson International Airport.
      215 Woodline Drive lot: C, Flowood, MS 39232
      View Details
    • $21 SF/Yr

      Flowood Drive Office Suite

      Second-floor office suite in Flowood's thriving business district.
      2540 Flowood Dr, Flowood, MS 39232
      View Details
    • $14 SF/Yr

      Flowood Industrial Flex Space Available

      3,000 SF industrial flex space for lease in Flowood.
      1018 N Flowood Dr, Flowood, MS 39232
      View Details

    FAQs

    What type of property is this?
    Office units - New Class A office space in Flowood's Waterpointe Development.
    Where is this office units located?
    The property is located at 1905 Community Bank Way Flowood, MS.
    What are key features of this property?
    This property features: New Class A office suites built to tenant specifications, ready for your custom design.; Located in the newly constructed Waterpointe Office Complex.; Community Bank is the anchor tenant.
    (601) 720-7891
    We can help!
    Listing Contact
    Micah McCullough, CCIM, SIOR
    Real Estate License ID: MS #B-18980
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!