Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    Lakeland Dr Flowood, MS 39232

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

    Undeveloped land with high traffic count and direct access.

    Type:Land
    Added:
    Oct 27, 2021
    Days on Market:
    1655
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for Lakeland Dr

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Steve Cook, CCIM, SIOR

    Listing agent Steve Cook, CCIM, SIOR License #MS B-22913

    Listing office Cook Commercial Properties

    Listing date Oct 27, 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 Cook Commercial Properties

    HighLights

    • High traffic count of 55,000 ADT.
    • Direct access on & off Lakeland Drive.
    • One of the last undeveloped pieces of land fronting between Airport Road and Pearl River.
    • Access to traffic signal via frontage road.
    • Not in flood plain or flood way.
    • Beautiful retail/office site.

    Overview

    Prime Commercial Land Opportunity

    This commercial land offers a location with direct access on and off Lakeland Drive, as well as access to the traffic signal via a frontage road. The site is suitable for retail or office use. It benefits from a high traffic count of 55,000 ADT. According to the provided information, this is one of the last undeveloped pieces of land fronting between Airport Road and Pearl River. The property is not located in a flood plain or flood way.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Flowood
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.0710872
    Latitude
    32.3371014

    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
    • $285,000

      Commercial Land in Growing Flowood

      Over 1 acre of C-3 commercial land with frontage.
      Flowood Drive, Flowood, MS 39232
      View Details
    • $1,200,000
      4 SF

      Turnkey Restaurant Opportunity in Flowood

      Freestanding restaurant with drive-thru, fully equipped and ready.
      1002 Treetops Boulevard, 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
    • $137,000

      Commercial Lot in Growing Area

      Commercial lot in Flowood near highways with high growth potential.
      Flowood Drive, 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
    • $135,000

      Flowood Land For Sale

      2.25+/- acres with high visibility in growing area.
      Old Fannin Road, 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
    • $1,700,000
      11,000 SF

      Flowood Office Building For Sale

      Beautiful office building in the heart of Flowood, Mississippi.
      781 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
    • $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
    • $995,000
      5,200 SF

      Functional Industrial Facility with Fuel Tank

      5,200 SF industrial facility with office, warehouse, and fuel tank.
      662 Casey's Lane, Flowood, MS 39232
      View Details

    FAQs

    What type of property is this?
    Commercial land - Undeveloped land with high traffic count and direct access.
    Where is this commercial land located?
    The property is located at Lakeland Dr Flowood, MS.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: High traffic count of 55,000 ADT.; Direct access on & off Lakeland Drive.; One of the last undeveloped pieces of land fronting between Airport Road and Pearl River.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Steve Cook, CCIM, SIOR
    Real Estate License ID: MS B-22913
    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
    Lakeland Dr, 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!