Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    94 Acres on Medical Parkway Title is generated by Realmo AI

    2200 Refuge Blvd, Flowood, MS 39232

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    94 acres available along Medical Parkway in Flowood, MS.

    Type:Land
    Lot size:
    94.00 Acres
    Added:
    Sep 13, 2021
    Days on Market:
    1724
    Last Refresh:
    May 19 at 9:15 pm

    Property Features for 2200 Refuge Blvd

    General Information

    Standard status
    Active
    Lot size
    94.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Sam Cox

    Listing agent Sam Cox License #B-22593

    Listing office Pinpoint Commercial Real Estate

    Listing date Sep 13, 2021

    Source Crexi

    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 Pinpoint Commercial Real Estate

    HighLights

    • 94 acres available for sale along Medical Parkway.
    • Parcels can be delivered as small as five (5) acres.
    • Excellent opportunity for Medical, Office, and Retail users.
    • Located in a vibrant submarket of the Jackson MSA.
    • Parkway is home to Capitol Ortho with Jackson Heart currently under construction.
    • Minutes from Sheraton Flowood Hotel, The Refuge Golf Course, and Jackson‑Medgar Wiley Evers International Airport.

    Overview

    Ninety-four acres are available for sale along Medical Parkway, which connects Flowood Drive to Airport Road. Parcels can be delivered in sizes starting from five acres. Capitol Ortho is located on the parkway, and Jackson Heart is currently constructing a new building on-site. The location is suitable for medical, office, and retail users seeking a position in the Jackson MSA submarket. The sites are located near the Sheraton Flowood Hotel, the renovated Refuge Golf Course, and Jackson-Medgar Wiley Evers International Airport.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Flowood
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.0955637
    Latitude
    32.3159135

    Nearby Similar for Sale

    • $3,500,000
      10,000 SF

      Flowood Commercial Buildings on Lakeland

      Two modern commercial buildings totaling 10,007 SF on 2.88 acres.
      5076 Lakeland Drive, Flowood, MS 39232
      View Details
    • $3,226,000

      Flowood Commercial Land Opportunity

      Prime 7.3-acre commercial land near Sheraton and Refuge Golf Course.
      Airport Road, Flowood, MS 39232
      View Details
    • $285,000

      Commercial Land in Growing Flowood

      Over 1 acre of C-3 commercial land with frontage.
      Flowood Drive, Flowood, MS 39232
      View Details
    • $599,900
      3,638 SF

      Flowood Freestanding Office Building

      Freestanding 3,638 SF office building in Flowood, Mississippi.
      2627 Courthouse Cir, Flowood, MS 39232
      View Details
    • $1,122,106

      Prime Commercial Land Opportunity

      Highly visible 3.2-acre parcel in Flowood's commercial corridor.
      Liberty Road, Flowood, MS 39232
      View Details
    • $805,860

      Prime Development-Ready Parcel in Flowood

      One-acre commercial land parcel with high visibility and traffic.
      310 West Pineview Drive, Flowood, MS 39232
      View Details
    • $137,000

      Commercial Land in Growing Area

      Commercial lot in Flowood near highways with high growth potential.
      0 Flowood Drive, Flowood, MS 39232
      View Details
    • $805,860

      Prime Development-Ready Parcel in Flowood

      One-acre parcel ideal for retail, restaurant, or office development.
      310 W Pineview Dr, Flowood, MS 39232
      View Details
    • $137,000

      Commercial Lot in Growing Area

      Commercial lot in Flowood near highways with high growth potential.
      Flowood Drive, Flowood, MS 39232
      View Details
    • $912,620

      NNN Investment Opportunity in Flowood

      NNN leased investment property with newly executed lease extension.
      128 Riverview Drive, Flowood, Mississippi 39232
      View Details
    • $135,000

      Flowood Land For Sale

      2.25+/- acres with high visibility in growing area.
      Old Fannin Road, Flowood, MS 39232
      View Details
    • $1,154,795

      Flowood Office Building For Sale

      Multi-tenant office building in Flowood, MS, 100% leased.
      438 Katherine Drive, Flowood, MS 39232
      View Details

    FAQs

    What type of property is this?
    Commercial land - 94 acres available along Medical Parkway in Flowood, MS.
    Where is this commercial land located?
    The property is located at 2200 Refuge Blvd Flowood, MS.
    What are key features of this property?
    This property features: 94 acres available for sale along Medical Parkway.; Parcels can be delivered as small as five (5) acres.; Excellent opportunity for Medical, Office, and Retail users.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Sam Cox
    Real Estate License ID: B-22593
    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

    Thank You for Inquiry
    2200 Refuge Blvd, Flowood, MS 39232
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!