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    1050 N Flowood Dr Flowood, MS 39232
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    1050 N Flowood Dr, Flowood, MS 39232

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    • Medical Office Space
    • 11,399 SF
    For Lease
    $1,200/Mo
    View Listing →
    Flowood Office Space For Rent For Lease
    $1,200/Mo
    912 SF

    Flowood Office Space For Rent

    Professional building with marquee signage in a thriving area.

    1050 N. Flowood Dr., Flowood, MS
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    Property ID
    US50-0246373
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Medical Office Space

    Property Details for 1050 N Flowood Dr

    Year built
    1977
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    F10I000005 00003
    APU
    F10I00000500003

    Description

    This single-story, 10,296 square foot Class B office building, located at 1050 N Flowood Dr, Flowood, MS 39232, offers multiple tenancy options. Built in 1977 and renovated in 2022, the property features a convenient location in a thriving area with surrounding offices, retail, banks, and restaurants. The building is easily visible from Lakeland Drive and is the first building encountered when entering this professional and medical area. It boasts ample parking, professional landscaping, well-lit common areas, and marquee signage availability. Individual suites range from a minimum of 900 square feet to a maximum contiguous space of 1,975 square feet, with a total of 2 spaces currently available. The property is zoned C-2 and sits on APN F10I-000005-00003 in Rankin County. The building is identifiable by its brown metal roof. This versatile space is ideal for both medical and traditional office uses. The property offers a combination of modern updates within a well-established location. This is a prime opportunity for businesses seeking a high-visibility location with convenient amenities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Flowood
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.1021
    Latitude
    32.3319
    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
    $10,309
    $0.00
    $0.00
    $97,073
    -
    $197,280
    $449,870
    $647,150

    Comparable in this City

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    • Value Estimation
      $1,130,000
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      1030 Flowood Dr

      MEDICAL BUILDING
      1030 Flowood Dr, Flowood, MS 39232-9532
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    • Value Estimation by Request
      5.24 Acres

      Flowood, MS 39232

      MEDICAL BUILDING
      Flowood, MS 39232
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    • Value Estimation by Request
      4.97 Acres

      Flowood, MS 39232

      MEDICAL BUILDING
      Flowood, MS 39232
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    • Value Estimation
      $705,000
      6,145 SF

      2629 Courthouse Cir

      MEDICAL BUILDING
      2629 Courthouse Cir, Flowood, MS 39232-9521
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    • Value Estimation
      $1,060,000
      9,232 SF

      2500 Lakeland Dr

      MEDICAL BUILDING
      2500 Lakeland Dr, Flowood, MS 39232-7641
      View Details

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    Similar Nearby for Lease

    • $10 SF/Yr
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      Flowood Medical Office Building

      Modern Medical Office Space Available
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    • $20 SF/Yr

      Flowood Commercial Space For Rent

      Prime commercial space suitable for medical or office use.
      2506 Lakeland Dr, Flowood, MS 39232
      View Details
    • Contact for pricing
      3,329 SF

      Class A Medical Office Suites

      Medical office suites for lease in Flowood, Mississippi.
      2550 Flowood Dr, Flowood, MS 39232
      View Details
    • Contact for pricing
      7,000 SF

      Lakeland Drive Retail/Office Space

      Retail or office space with high traffic and frontage.
      4800 Lakeland Dr, Flowood, MS 39232
      View Details
    • Contact for pricing

      Flowood Retail/Medical Strip Center

      Retail and medical suites available for lease in Flowood, MS.
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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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    1050 N Flowood Dr, Flowood, MS, 39232
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