Retail Suite at Signalized
4321 Lakeland Drive, Flowood, MS 39232
For Sale
Contact for pricing
Available space sits within a center with three restaurants and access from two roads.
Property Size2,100 SF
Price / SF$1.50
Days on Market49
Property Features for 4321 Lakeland Drive
General Information
Standard status
Size
Additional Details
Road Access
Listing Agency:
Estes Bush Real Estate LLC
(601) 362-9633
Listed By:
Jimmy A Kitchens
(601) 955-6434
Source:
Sunsetmississippirealty
Added: Sep 24
Changed: Nov 1
Last Checked: Nov 10 at 7:40AM
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 Estes Bush Real Estate LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The only available retail suite at Lakeland Landing contains 2,100 SF. The center also includes three restaurants.
The property is at the signalized junction of Lakeland Drive and Airport Road in Flowood, Mississippi, with access from both roads. Daily traffic exceeds 50,000 cars.
The property is at the signalized junction of Lakeland Drive and Airport Road in Flowood, Mississippi, with access from both roads. Daily traffic exceeds 50,000 cars.
Key Highlights
- 2,100 SF retail suite; the center's only available space
- At the signalized intersection of Lakeland Drive and Airport Road
- Access from both Lakeland Drive and Airport Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,815
Suggested Prices Based on Cap Rates
Cap Rate 5%
$416,300
$416.3K
Cap Rate 7%
$297,357
$297.4K
Cap Rate 9%
$231,278
$231.3K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$31.5K $15.00/SF
− Vacancy
−$1.8K −$0.84/SF
EGI
$29.7K $14.16/SF
− OpEx
−$8.9K −$4.25/SF
NOI
$20.8K $9.91/SF
Area
Rankin County, MS
Vacancy
5.60%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$416,300
Cap Rate 7%
$297,357
Cap Rate 9%
$231,278
Alternative Uses
Best Use
Retail
$297.4K
$260.2K – $346.9K
NOI $20,815 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$576.0K
$504.0K – $672.0K
NOI $40,320 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
811
Businesses Nearby
Explore this area
Business Placement
Demographics for 39232, MS
9,052
Population
4,204
Households
2.2
Avg Household Size
37
Median Age
51%
College-Educated
97%
High-School Grad
25.6 sq mi
ZIP Area
354
Density / Sq Mi
$83,389
Median Household Income
$49,760
Median Earnings
$1,412
Median Rent
$293,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Available space sits within a center with three restaurants and access from two roads.
Where is this retail space located?
The property is located at 4321 Lakeland Drive Flowood, MS.
What are key features of this property?
This property features: 2,100 SF retail suite; the center's only available space; At the signalized intersection of Lakeland Drive and Airport Road; Access from both Lakeland Drive and Airport Road
