Property profile

108 Layfair Dr Flowood, MS 39232

OFF-MARKET
Warehouses
Property ID
US50-0250257
4,720 SF 0.52 ac lot Built 1989
Entity Owned 16-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 4,552 square foot flex space in Flowood offers a unique blend of functionality and prime location. The single-tenant building, constructed in 1989, sits on a 0.52-acre lot with 105 feet of frontage. The building boasts approximately 1,500 square feet of ADA-compliant showroom/office space, perfect for client interaction and administrative needs. An additional 1,500 square feet is dedicated to workshop space, ideal for various operational tasks. The remaining 1,500 square feet comprises a spacious warehouse area, featuring 12-foot roll-up doors at either end and impressive ceiling heights ranging from 17 to 20 feet. This allows for efficient storage and handling of goods. The building is exceptionally clean and in excellent condition, reflecting meticulous maintenance. Its location is a key advantage, situated less than a block from Lakeland Drive, ensuring easy accessibility. This strategic positioning will be further enhanced by the future completion of the Treetops extension, providing convenient access to I-20. The previous tenant's departure was solely due to outgrowing the space, a testament to its suitability for expanding businesses. The property includes five loading docks and fourteen total parking spaces. This versatile property presents a rare opportunity for businesses seeking a well-maintained, conveniently located flex space in a thriving area.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1989
Total area 4,720 SF
Lot 0.52 ac (22,651 SF)
APN E10L000019 00010
UPID US50-0250257

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

108 Layfair Dr Flowood, MS 39232-9782
Flowood metro Census 20304 JACKSON, MS METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$470k

Owner & transaction history

since 2009
1 recorded transaction
2009
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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