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Property profile & analytics
OFF-MARKET
Warehouses

1014 Flowood Dr Flowood, MS 39232-9532

29,810 SF Built 1976
Entity Owned 2-yr Hold Free & Clear
Property ID
US50-0261450
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1976
Total area 29,810 SF
APN F10I000005 00200
UPID US50-0261450
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Vanpete LLC · 2 yrs held
Vanpete LLC
since 2024
5 recorded transactions
2025
Price N/A
2024
Price N/A
2024
Price N/A
2021
Price N/A
2017
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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