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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Cypress Cv & Lakeland Dr Flowood, MS 39232

    • Land
    • 8.24 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Cypress Cv & Lakeland Dr

    Lot size
    8.24 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 8.24-acre parcel presents a rare opportunity for development in the highly desirable Flowood, Mississippi market. Situated on Cypress Cove and Lakeland Drive, this prime location boasts exceptional visibility and convenient access. The property is conveniently located just west of Mirror Lake Plaza and Jackson Prep, and directly behind the new five-story Staybridge Suites Hotel currently under construction on Lakeland Drive. The land is already platted into approximately one-acre lots, simplifying the development process. Its flat topography ensures ease of construction for a variety of projects. The zoning allows for diverse uses, making it suitable for medical facilities, office buildings, warehouses, or distribution centers. This is a truly exceptional opportunity to acquire a significant land holding in a rapidly growing area with strong infrastructure and a thriving business community. The asking price is $174,240 per acre, reflecting the prime location and development potential. The property's proximity to established businesses and residential areas guarantees high visibility and accessibility for any future development. This is a unique chance to secure a valuable asset in a highly sought-after location. Contact us today to learn more about this exceptional investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Flowood
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.1125
    Latitude
    32.3329

    Comparable in this City

    • Value Estimation by Request
      80.00 Acres

      Hwy 80 & Flowood Dr

      Land • 80.00 Acres
      0 Hwy 80 & Flowood Dr, Flowood, MS 39232
      View Details
    • Value Estimation by Request
      2.50 Acres

      Tree St

      Land • 2.50 Acres
      0 Tree St, Flowood, MS 39232
      View Details
    • Value Estimation by Request
      1.39 Acres

      Tree St

      Land • 1.39 Acres
      0 Tree St, Flowood, MS 39232
      View Details
    • Value Estimation by Request
      3.96 Acres

      3298 Flowood Dr

      Land • 3.96 Acres
      3298 Flowood Dr, Flowood, MS 39232
      View Details
    • Value Estimation by Request
      6.99 Acres

      Tract B Flowood Dr

      Land • 6.99 Acres
      Tract B Flowood Dr, Flowood, MS 39232
      View Details
    • Value Estimation by Request
      1.06 Acres

      Layfair Dr

      Land • 1.06 Acres
      0 Layfair Dr, Flowood, MS 39232
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8.24 Acres

      Flowood Land: Prime Lakeland Location

      8.24 Acres, Ready to Build, Ideal for Various Uses
      0 Cypress Cv & Lakeland Dr, Flowood, MS 39232
      View Details
    • $800,000
      845,064 SF

      Lakeland Drive Commercial Land

      19.4 Acres, High Traffic Location
      0 Ms-25, Flowood, MS 39232
      View Details
    • $960,000
      6.35 Acres

      Flowood Commercial Land Investment

      6.35 acres, C-3 zoned, prime location.
      2246 Flowood Dr, Flowood, MS 39232
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale in Flowood, Mississippi.
      Flowood Dr, Flowood, MS 39232
      View Details
    • $600,000
      1.10 Acres

      Lakeland Drive Commercial Land

      1.1-acre commercial lot, prime location.
      0 Lakeland Dr, Flowood, MS 39232
      View Details
    • $522,720
      3.00 Acres

      Flowood Commercial Land - 3 Acres

      Prime Flowood location, ideal for development.
      0 Layfair At Lomax St, Flowood, MS 39232
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,875 SF

      Flowood Flex Space with Dock

      Flex space featuring an open floorplan, office, and warehouse.
      3010 Lakeland Cv, Flowood, MS 39232
      View Details
    • $3,472 /Mo
      3,205 SF

      Flowood Warehouse with Office Space

      Commercial warehouse with office space for lease in Flowood.
      114 N Layfair Dr, Flowood, MS 39232
      View Details
    • $11 SF/Yr
      74,500 SF

      Flowood Flex Space Available

      Mississippi Industrial Property, 3 Suites Available
      3010 Lakeland Cv, Flowood, MS 39232
      View Details
    • $1.16 SF/Yr
      2,250 SF

      Flowood Office/Warehouse Gem

      2,250 SF Single-Tenant Space in Prime Location
      513 Liberty Rd, Flowood, MS 39232
      View Details
    • Contact for pricing
      145,196 SF

      Gulf South Warehouse - Flowood, MS

      145,196 SF Warehouse, Space Available
      200 Gulf Dr, Flowood, MS 39232
      View Details
    • Contact for pricing
      6,250 SF

      Flowood Flex Property For Rent

      Flex property with office, warehouse space, and truck well.
      2700 Flowood Dr, 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.
    Cypress Cv & Lakeland Dr
    Flowood, MS 39232
    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.