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

    243 Flowood Dr Jackson, MS 39232-3208

    • Warehouses
    • 10,260 SF
    • 7.34 lot acres
    OFF-MARKET
    Value Estimations
    $740,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-1858991
    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

    • Document Storage / Department Store
    • Dollar A Day Websites / Marketing & Advertising

    Property Details for 243 Flowood Dr

    Year built
    1955
    Lot size
    7.34 lot acres
    Property size
    10,260 SF
    Property type
    Warehouses
    APN
    D08Q000029 00030
    APU
    D08Q00002900030

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $741,000
      Market price range: $317k - $742k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $500,000
      Current use
      RESTAURANT
      $1,165,000
      Change: +132% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $905,000
      Change: +80% Conversion: Difficult
      RETAIL STORES
      $885,000
      Change: +76% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $870,000
      Change: +73% Conversion: Easy
      MEDICAL BUILDING
      $820,000
      Change: +63% Conversion: Difficult
      OFFICE BUILDING
      $810,000
      Change: +61% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.1484
    Latitude
    32.2826
    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
    $5,724
    $0.00
    $0.00
    $52,489
    -
    $218,970
    $130,950
    $349,920

    Comparable in this City

    • Value Estimation by Request
      0.10 Acres

      Flowood, MS 39232

      STORAGE YARD (JUNK, SALVAGE) • 0.10 Acres
      Flowood, MS 39232
      View Details
    • Value Estimation by Request
      0.17 Acres

      Flowood, MS 39232

      STORAGE YARD (JUNK, SALVAGE) • 0.17 Acres
      Flowood, MS 39232
      View Details
    • Value Estimation
      $580,000
      8,006 SF

      1016 Flowood Dr

      WAREHOUSE, STORAGE • 8,006 SF
      1016 Flowood Dr, Flowood, MS 39232-9532
      View Details
    • Value Estimation by Request
      4,005 SF

      106 Flowood Dr

      WAREHOUSE, STORAGE • 4,005 SF
      106 Flowood Dr, Flowood, MS 39232-3205
      View Details
    • Value Estimation
      $1,500,000
      20,760 SF

      1625 Flowood Dr

      WAREHOUSE, STORAGE • 20,760 SF
      1625 Flowood Dr, Jackson, MS 39232-2526
      View Details
    • Value Estimation by Request
      1,080 SF

      Flowood Dr

      WAREHOUSE, STORAGE • 1,080 SF
      Flowood Dr, Flowood, MS 39232
      View Details

    Similar Nearby for Sale

    • $995,000
      5,200 SF

      Functional Industrial Facility with Fuel Tank

      5,200 SF industrial facility with office, warehouse, and fuel tank.
      662 Lane Dr Casey's, Jackson, MS 39232
      View Details
    • Contact for pricing
      8.24 Acres

      Flowood Land: Prime Lakeland Location

      8.24 Acres, Ready to Build, Ideal for Various Uses
      0 Cypress Cv & Lakeland Dr, Flowood, MS 39232
      View Details
    • $393,565
      1.39 Acres

      Flowood Commercial Land - $393,565

      1.39 Acres, High Traffic Area, MS
      0 Tree St, Flowood, MS 39232
      View Details
    • $1,900,000
      3,250 SF

      Lakeland Drive Bank Building

      Flowood, MS Office/Retail Opportunity
      2351 Lakeland Dr, Flowood, MS 39232
      View Details
    • $3,933,470
      1.00 Acre

      Flowood Commercial Land - 9 Acres

      Prime Flowood location, divisible parcels, high visibility.
      156 Daughdrill Sta, Flowood, MS 39232
      View Details
    • $199,000
      19,166 SF

      Flowood Commercial Land - C-2 Zoning

      Level lot, high traffic, build-ready.
      000 Katherine Dr, Flowood, MS 39232
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      1,875 SF

      Flowood Flex Space with Dock

      Flex space featuring an open floorplan, office, and warehouse.
      3010 Lakeland Cv, Flowood, MS 39232
      View Details
    • $3,472 /Mo
      3,205 SF

      Flowood Warehouse with Office Space

      Commercial warehouse with office space for lease in Flowood.
      114 N Layfair Dr, Flowood, MS 39232
      View Details
    • Contact for pricing
      145,196 SF

      Gulf South Warehouse - Flowood, MS

      145,196 SF Warehouse, Space Available
      200 Gulf Dr, Flowood, MS 39232
      View Details
    • $12 SF/Yr
      6,250 SF

      Flowood Flex Property For Rent

      Flex property with office, warehouse space, and truck well.
      2700 Flowood Dr, Flowood, MS 39232
      View Details
    • $1.16 SF/Yr
      2,250 SF

      Flowood Office/Warehouse Gem

      2,250 SF Single-Tenant Space in Prime Location
      513 Liberty Rd, Flowood, MS 39232
      View Details
    • $14 SF/Yr
      10,572 SF

      Flowood Industrial Flex Space Available

      3,000 SF industrial flex space for lease in Flowood.
      1018 N Flowood Dr, Flowood, MS 39232
      View Details
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    243 Flowood Dr
    Jackson, MS 39232-3208
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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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