1014 Flowood Dr Flowood, MS 39232-9532
Exceptional investment opportunity: a 32,515-square-foot Class B warehouse in Flowood, Mississippi. This single-tenant, stabilized property is fully occupied by a credit-rated tenant, Trace Aviation, a leading King Air landing gear exchange and overhaul provider. The lease is a NNN structure with annual rent bumps of 2.5%. The building features four dock-high doors with canopy covering, and is fully climate-controlled (HVAC system overhauled in 2024). Significant recent and planned improvements include a new sprinkler system installation, a new hydro-stop roof coating with a 15-year warranty, and a new office area currently under construction. Strategically located in the robust Flowood submarket, minutes from the international airport, this property offers a secure and high-return investment. The property boasts 100% occupancy and a strong tenant profile, making it an ideal addition to any portfolio. This is a rare opportunity to acquire a well-maintained, high-quality industrial asset in a prime location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2019Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.