Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    101 Promenade Blvd Flowood, MS 39232-8018

    • Turn key restaurants
    • 4,030 SF
    • 1.08 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0030039
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 101 Promenade Blvd

    Year built
    2005
    Lot size
    1.08 lot acres
    Property size
    4,030 SF
    Property type
    Turn key restaurants
    APN
    G10N000001 00010
    APU
    G10N00000100010

    Description

    This 4,000 square foot former restaurant building presents a unique opportunity in Flowood, Mississippi. Situated on a highly visible 1.1-acre corner lot at the intersection of Lakeland Drive (36,000 cars per day) and Old Fannin Road (20,000 cars per day), this property boasts exceptional traffic counts and exposure. The building's previous use as a restaurant provides a solid foundation for a variety of food service or retail concepts. Its prime location offers easy access and high visibility to a substantial customer base. The property is conveniently located near the Waterpointe mixed-use development, comprising 180 residential units, ensuring a consistent flow of potential customers. Furthermore, its proximity to Jackson International Airport, Jackson Prep High School, and area hospitals adds to its strategic appeal. The address is 101 Promenade Blvd, Flowood, MS 39232. This single-tenant retail space is ready for immediate occupancy and offers significant potential for a savvy investor or business owner seeking a high-traffic location in a thriving community. The property is classified as a retail space, specifically a former restaurant.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Flowood
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.064
    Latitude
    32.3409
    CBSA code
    27140
    CBSA name
    JACKSON, MS METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2019
    $21,835
    $0.00
    $0.00
    $199,086
    -
    $707,640
    $619,600
    $1,327,240

    Comparable in this City

    • Value Estimation by Request
      3,816 SF

      1724 Old Fannin Rd

      RESTAURANT • 3,816 SF
      1724 Old Fannin Rd, Flowood, MS 39232-9004
      View Details
    • Value Estimation by Request
      3,373 SF

      117 Promenade Blvd

      RESTAURANT • 3,373 SF
      117 Promenade Blvd, Flowood, MS 39232-8018
      View Details
    • Value Estimation by Request
      3,435 SF

      115 Promenade Blvd

      RESTAURANT • 3,435 SF
      115 Promenade Blvd, Flowood, MS 39232-8018
      View Details
    • Value Estimation by Request
      6,122 SF

      223 Rdg Way

      RESTAURANT • 6,122 SF
      223 Rdg Way, Flowood, MS 39232-3305
      View Details
    • Value Estimation by Request
      3,492 SF

      200 Rdg Way

      RESTAURANT • 3,492 SF
      200 Rdg Way, Flowood, MS 39232-3304
      View Details
    • Value Estimation by Request
      6,799 SF

      1065 Riv Oaks Dr

      RESTAURANT • 6,799 SF
      1065 Riv Oaks Dr, Flowood, MS 39232-9577
      View Details

    Similar Nearby for Sale

    • $1,200,000
      4 SF

      Turnkey Restaurant Opportunity in Flowood

      Freestanding restaurant with drive-thru, fully equipped and ready.
      1002 Treetops Blvd, Flowood, MS 39232
      View Details
    • $325,000
      Pending

      Flowood Commercial Property on 2.55 Acres

      Versatile commercial property with high visibility in growing Flowood district.
      3350 Flowood Dr, Flowood, MS 39232
      View Details
    • $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 Dr, Flowood, MS 39232
      View Details
    • $430,000

      Outparcel on Lakeland Drive

      1.3 acre outparcel ideal for car wash or QSR.
      5653 Highway 25, Flowood, MS 39232
      View Details
    • Contact for pricing
      1.00 Acre

      Freedom Bend: Prime Retail Land

      Flowood, MS: ±15.83 Acres, C-3 Zoning
      0 Freedom Bnd, Flowood, MS 39232
      View Details
    • $1,900,000
      3,250 SF

      Lakeland Drive Bank Building

      Flowood, MS Office/Retail Opportunity
      2351 Lakeland Dr, Flowood, MS 39232
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      187,000 SF

      Dogwood Festival Market: Flowood, MS

      High-traffic Retail Center in Flowood
      150 Dogwood Blvd, Flowood, MS 39232
      View Details
    • Contact for pricing
      2,504 SF

      Freestanding Restaurant Opportunity in Flowood

      Turn-key restaurant space in high-traffic Flowood location.
      1000 Top St, Flowood, MS 39232
      View Details
    • Contact for pricing
      3,198 SF

      Main Street Shopping Center: Flowood, MS

      Prime Retail/Office Space Available
      4800 Lakeland Dr, Flowood, MS 39232
      View Details
    • $32 SF/Yr
      6,000 SF

      Retail Space in High-Traffic Area

      New retail space available in early 2026, high visibility.
      310 W Pineview Dr, Flowood, MS 39232
      View Details
    • Contact for pricing
      2,183 SF

      Retail Center Shadow Anchored

      Retail space available in a high-traffic Flowood location.
      5341 Highway 25, Flowood, MS 39232
      View Details
    • $5 SF/Yr
      28,000 SF

      Flowood Retail Building For Lease

      28,000 SF retail building in the Jackson MSA.
      710 Highway 80, Flowood, MS 39232
      View Details
    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.
    101 Promenade Blvd
    Flowood, MS 39232-8018
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.