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Property profile & analytics
FOR LEASE
Strip malls

1000 Lakeland Square Ext Flowood, MS 39232

21,031 SF 1.69 ac lot Built 2000
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US50-0387833
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2000
Total area 21,031 SF
Lot 1.69 ac (73,616 SF)
APN E10K000002 00040
UPID US50-0387833
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dr. Carl Pearson- Chiropractor Alternative Medicine Practice
  • Thomas Garrett Alternative Medicine Practice
  • Specialty Pharmacy Pharmacy
  • Lakeland Nail Spa Nail Salon
  • Dr. Shelby Wittorf Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$736k
Blend (final) Blend
$735k
Owner & transaction history
Lsp LLC · 3 yrs held
Lsp LLC
since 2022
1 recorded transaction
2022
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage $1.0M +79.7%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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