Your AI Navigator in Commercial Real Estate
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

    6.15 Acres Lakeland Dr Flowood, MS 39232

    • Land
    • 6.15 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 6.15 Acres Lakeland Dr

    Lot size
    6.15 lot acres
    Property type
    Land

    Description

    This exceptional 6.15-acre commercial land parcel presents a remarkable investment opportunity in Flowood, Mississippi. Strategically located on Lakeland Drive in Rankin County, zip code 39232, this property boasts unparalleled visibility and accessibility. With an estimated 38,000 vehicles passing daily, this site offers exceptional exposure for any commercial venture. The C-2 zoning allows for a wide range of development possibilities, making it ideal for businesses seeking high-traffic locations. The property's convenient location places it between established businesses, Copper Sculptures and Lakeside Moulding & Manufacturing Co., ensuring a thriving commercial environment. Situated near schools and other thriving businesses, this land offers a unique blend of high visibility and community proximity. The asking price is $1,800,000. All information should be independently verified by the buyer. This is a rare opportunity to acquire a significant commercial land parcel in a rapidly growing area. Don't miss out on this chance to build your business in a prime location. The property's latitude and longitude coordinates are 32.3396175 and -90.0848222 respectively.

    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
    -90.0848
    Latitude
    32.3396

    Comparable in this City

    • Value Estimation by Request
      3.00 Acres

      Layfair At Lomax St

      Land • 3.00 Acres
      0 Layfair At Lomax St, Flowood, MS 39232
      View Details
    • Value Estimation by Request
      1.10 Acres

      Lakeland Dr

      Land • 1.10 Acres
      0 Lakeland Dr, Flowood, MS 39232
      View Details
    • Value Estimation by Request
      1.04 Acres

      Treetops Blvd

      Land • 1.04 Acres
      0 Treetops Blvd, Flowood, MS 39232
      View Details
    • Value Estimation by Request
      1.17 Acres

      Flowood Dr

      Land • 1.17 Acres
      0 Flowood Dr, Jackson, MS 39232
      View Details
    • Value Estimation by Request

      -468 Highway Dr

      Land
      -468 Highway Dr, Flowood, MS 39232
      View Details
    • Value Estimation by Request
      5.15 Acres

      Ms-468

      Land • 5.15 Acres
      0 Ms-468, Flowood, MS 39232
      View Details

    Similar Nearby for Sale

    • $795,000
      6.99 Acres

      Flowood Commercial Land - $795,000

      6.99 Acres, High-Growth Corridor, MS
      Tract B Flowood Dr, Flowood, MS 39232
      View Details
    • $816,750
      2.50 Acres

      Flowood Commercial Land - 2.5 Acres

      Prime Flowood location, high traffic, development ready.
      0 Tree St, Flowood, MS 39232
      View Details
    • $550,000
      2.33 Acres

      Flowood Commercial Land - C-3 Zoning

      2.33 Acres, Prime Commercial Location
      2767 Flowood Dr, Flowood, MS 39232
      View Details
    • $150,000
      0.93 Acres

      Flowood Commercial Land - $150K

      Prime 0.93-acre commercial lot in Flowood, MS.
      0 Flowood Dr And 2 St, Flowood, MS 39232
      View Details
    • Contact for pricing
      1.10 Acres

      1.1 Acres C-3 Build-to-Suit Flowood

      Prime Flowood commercial land, 1.1 acres, C-3 zoning.
      510 Liberty Rd, Flowood, MS 39232
      View Details
    • $393,565
      1.39 Acres

      Flowood Commercial Land - $393,565

      1.39 Acres, High Traffic Area, MS
      0 Tree St, Flowood, MS 39232
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      263,852 SF

      Market Street Flowood Retail Center

      Prime Flowood Retail Space Available
      144 Market St, Flowood, MS 39232
      View Details
    • $15 SF/Yr
      20,750 SF

      Lakeland Square Plaza: Flowood Office Space

      Prime Flowood Office, Retail & Medical Space Available
      1000 Lakeland Square Ext, Flowood, MS 39232
      View Details
    • $16 SF/Yr
      2,300 SF

      Flowood Executive Office Suites

      Prime Flowood Office Space, 2 Suites Available
      2530 Flowood Dr, Flowood, MS 39232
      View Details
    • $16 SF/Yr
      1,550 SF

      Flowood Office Space For Lease

      Office suite available for lease in Flowood, Mississippi.
      5 River Bend Pl, Flowood, MS 39232
      View Details
    • $24 SF/Yr
      3,107 SF

      Flowood Medical Office Space Available

      Class A medical office space for lease in Flowood, MS.
      2470 Flowood Dr, 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
    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.
    6.15 Acres 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.
    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.