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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    108 Market St Flowood, MS 39232-3340

    • Turn key restaurants
    • 5,775 SF
    • 1.19 lot acres
    OFF-MARKET
    Last Sale
    Jan 12, 2023
    Value Estimations
    $905,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0351139
    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.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 108 Market St

    Year built
    2009
    Lot size
    1.19 lot acres
    Property size
    5,775 SF
    Property type
    Turn key restaurants
    APN
    G10 000063 00032
    APU
    G1000006300032

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $905,000
      Market price range: $429k - $905k

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

    Location Insight

    • Map
    • Local Demand
    City
    Flowood
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.0677
    Latitude
    32.3382
    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
    $28,243
    $0.00
    $0.00
    $257,675
    -
    $908,340
    $809,490
    $1,717,830

    Comparable in this City

    • Value Estimation
      $720,000
      4,579 SF

      274 Dogwood Blvd

      RESTAURANT • 4,579 SF
      274 Dogwood Blvd, Flowood, MS 39232-8602
      View Details
    • Value Estimation
      $555,000
      3,526 SF

      Flowood, MS 39232

      RESTAURANT • 3,526 SF
      Flowood, MS 39232
      View Details
    • Value Estimation
      $640,000
      4,068 SF

      5076 Lakeland Dr

      RESTAURANT • 4,068 SF
      5076 Lakeland Dr, Flowood, MS 39232-8900
      View Details
    • Value Estimation
      $510,000
      3,238 SF

      2451 Lakeland Dr

      RESTAURANT • 3,238 SF
      2451 Lakeland Dr, Flowood, MS 39232-9589
      View Details
    • Value Estimation by Request
      2,410 SF

      1708 Old Fannin Rd

      RESTAURANT • 2,410 SF
      1708 Old Fannin Rd, Flowood, MS 39232-9004
      View Details
    • Value Estimation by Request
      2,781 SF

      263 Rdg Way

      RESTAURANT • 2,781 SF
      263 Rdg Way, Flowood, MS 39232-3305
      View Details

    Similar Nearby for Sale

    • $1,200,000
      4 SF

      Turnkey Restaurant Opportunity in Flowood

      Freestanding restaurant with drive-thru, fully equipped and ready.
      1002 Treetops Blvd, Flowood, MS 39232
      View Details
    • $325,000
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      Flowood Commercial Property on 2.55 Acres

      Versatile commercial property with high visibility in growing Flowood district.
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    • $430,000

      Outparcel on Lakeland Drive

      1.3 acre outparcel ideal for car wash or QSR.
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    • $3,500,000
      10,000 SF

      Flowood Commercial Buildings on Lakeland

      Two modern commercial buildings totaling 10,007 SF on 2.88 acres.
      5076 Lakeland Dr, Flowood, MS 39232
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    • $1,900,000
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      Lakeland Drive Bank Building

      Flowood, MS Office/Retail Opportunity
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    • $1,700,000
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      Flowood Retail Building - Prime Location

      11,000 SF Retail Space, Excellent Visibility
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    Similar Nearby for Lease

    • Contact for pricing
      187,000 SF

      Dogwood Festival Market: Flowood, MS

      High-traffic Retail Center in Flowood
      150 Dogwood Blvd, Flowood, MS 39232
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    • Contact for pricing
      2,504 SF

      Freestanding Restaurant Opportunity in Flowood

      Turn-key restaurant space in high-traffic Flowood location.
      1000 Top St, Flowood, MS 39232
      View Details
    • $5 SF/Yr
      28,000 SF

      Flowood Retail Building For Lease

      28,000 SF retail building in the Jackson MSA.
      710 Highway 80, Flowood, MS 39232
      View Details
    • Contact for pricing
      263,852 SF

      Market Street Flowood Retail Center

      Prime Flowood Retail Space Available
      144 Market St, Flowood, MS 39232
      View Details
    • $15 SF/Yr
      20,750 SF

      Lakeland Square Plaza: Flowood Office Space

      Prime Flowood Office, Retail & Medical Space Available
      1000 Lakeland Square Ext, Flowood, MS 39232
      View Details
    • Contact for pricing
      3,198 SF

      Main Street Shopping Center: Flowood, MS

      Prime Retail/Office Space Available
      4800 Lakeland Dr, Flowood, MS 39232
      View Details
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    108 Market St
    Flowood, MS 39232-3340
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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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