Property profile

2246 Flowood Dr Flowood, MS 39232

FOR SALE
Office buildings
Property ID
US50-0179956
3,211 SF 6.35 ac lot Built 1978
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

Exceptional commercial land investment opportunity in Flowood, Mississippi, totaling 6.352 acres and priced at $960,000 ($3.46/SF). This C-3 zoned property boasts a highly visible location at the signalized intersection of Flowood Drive and the future Tree Tops Blvd extension, providing easy access to major thoroughfares including Lakeland Drive (51,000 VPD), Highway 80 (20,000 VPD), Highway 49 (52,000 VPD), and Interstate 20 (77,000 VPD). The site benefits from prior site preparation, including clearing and some earthwork, and includes existing improvements consisting of a 3,190 square foot office building and a 5,500+ square foot metal warehouse. Its strategic location offers proximity to Jackson Airport, medical facilities, industrial parks, and a variety of retail and restaurant establishments. This property presents a unique development opportunity in a thriving commercial corridor. The address is 2246 Flowood Dr, Flowood, MS 39232.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1978
Total area 3,211 SF
Lot 6.35 ac (276,606 SF)
APN E10G000001 00000
UPID US50-0179956

Cap rate & NOI

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

Location

2246 Flowood Dr Flowood, MS 39232
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
$485k

Owner & transaction history

since 2023
1 recorded transaction
2023
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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