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

    1000 Lakeland Square Ext Flowood, MS 39232

    • Strip malls
    • 21,031 SF
    • 1.69 lot acres
    For Lease
    View listing
    $15 SF/Yr
    Last Sale
    Sep 16, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0387833
    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

    • Strip malls

    Property Details for 1000 Lakeland Square Ext

    Year built
    2000
    Lot size
    1.69 lot acres
    Property size
    21,031 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    E10K000002 00040
    APU
    E10K00000200040

    Description

    Lakeland Square Plaza, a single-story, 20,750-square-foot building in Flowood, MS, offers exceptional office and retail opportunities. Built in 2000 and recently under new ownership, this property boasts a newly renovated storefront and numerous recent upgrades. The building is zoned C-3 and features multiple tenancies, with a minimum divisible space of 1,125 square feet and a maximum contiguous space of 6,750 square feet. Currently, 12,650 square feet is vacant, including a 2,250-square-foot space ideal for a medical lab and two 1,125-square-foot spaces perfect for retail or office use. Its strategic location off Lakeland Drive provides high visibility, with over 51,000 vehicles passing daily. Ample parking is available for tenants and customers. The property's adjacency to Primos Restaurant adds to its appeal and convenience. This versatile space is suitable for a variety of businesses seeking a high-traffic location with modern amenities and recent improvements. The property's flexible layout allows for customization to meet individual tenant needs. This is a rare opportunity to secure prime commercial space in a thriving Flowood location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $735,000
      Market price range: $381k - $736k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $575,000
      Current use
      WAREHOUSE, STORAGE
      $1,030,000
      Change: +80% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.1227
    Latitude
    32.328
    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
    $25,503
    $0.00
    $0.00
    $237,865
    -
    $588,930
    $996,830
    $1,585,760

    Comparable in this City

    • Value Estimation
      $635,000
      18,096 SF

      4800 Lakeland Dr

      SHOPPING CENTER, STRIP CENTER • 18,096 SF
      4800 Lakeland Dr, Flowood, MS 39232-8694
      View Details
    • Value Estimation by Request
      12,099 SF

      163 Rdg Way

      SHOPPING CENTER, STRIP CENTER • 12,099 SF
      163 Rdg Way, Flowood, MS 39232-3300
      View Details
    • Value Estimation
      $6,690,000
      191,219 SF

      5341 Hwy 25

      SHOPPING CENTER, STRIP CENTER • 191,219 SF
      5341 Hwy 25, Flowood, MS 39232-6173
      View Details
    • Value Estimation
      $1,150,000
      32,820 SF

      4301 Lakeland Dr

      SHOPPING CENTER, STRIP CENTER • 32,820 SF
      4301 Lakeland Dr, Flowood, MS 39232-8947
      View Details
    • Value Estimation
      $4,770,000
      136,355 SF

      111 Market St

      SHOPPING CENTER, STRIP CENTER • 136,355 SF
      111 Market St, Flowood, MS 39232-3341
      View Details
    • Value Estimation
      $705,000
      20,114 SF

      3500 Lakeland Dr

      SHOPPING CENTER, STRIP CENTER • 20,114 SF
      3500 Lakeland Dr, Flowood, MS 39232-3017
      View Details

    Similar Nearby 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 Dr, 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 Blvd, 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
    • $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
    • 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
    • $430,000

      Outparcel on Lakeland Drive

      1.3 acre outparcel ideal for car wash or QSR.
      5653 Highway 25, Flowood, MS 39232
      View Details

    Similar Nearby for Lease

    • 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
    • Contact for pricing
      2,512 SF

      Retail Space Near Walmart

      Retail space in Walmart shadow center near major intersections.
      901 Lakeland Pl, 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
    • Contact for pricing
      263,852 SF

      Market Street Flowood Retail Center

      Prime Flowood Retail Space Available
      144 Market St, Flowood, MS 39232
      View Details
    • $22 SF/Yr
      2,250 SF

      Flowood Medical/Retail Strip Center

      Medical/retail strip center in Flowood, MS with recent upgrades.
      1000 Lakeland Square Ext, 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
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    Flowood, MS 39232
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    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
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