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Property profile & analytics
FOR LEASE
Office Spaces
2550 Flowood Dr Flowood, MS 39232
Entity Owned
4-yr Hold
Free & Clear
Property ID
US50-0177809
For Lease
1 / 3
$29 SF/Yr
2550 Flowood Dr, Flowood, MS 39232
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2003
Total area
65,915 SF
Lot
5.71 ac (248,728 SF)
APN
F10E000008 00010
UPID
US50-0177809
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.85M
Blend (final)
Blend
$7.85M
Owner & transaction history
Aw Riverchase LLC · 4 yrs held
Aw Riverchase LLC
since 2022
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.5M
+44.3%
Commercial (general)
$5.8M
+12.2%
Retail stores
$5.7M
+9.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Flowood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Flowood submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,190,000
Current use
RESTAURANT
$7,495,000
Change: +44% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,825,000
Change: +12% · Conversion: Easy
RETAIL STORES
$5,685,000
Change: +9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,590,000
Change: +8% · Conversion: Difficult
MEDICAL BUILDING
$5,275,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$7.85M
Range $7.06M – $8.63M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$119 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2019Property tax & assessments
Tax year 2019
Tax billed
$147,156
Tax year 2019
Assessed value
$1,637,671
Assessed 2023
Previous assessed
$1,637,671
+0.0% YoY
Effective rate
8.99%
On assessed value
Land market value
$1,492,370
Improvement market value
$9,425,430
Total market value
$10,917,800
Applied tax rate
201.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
For Lease
Year built
2003
Heating
NONE
Total area
65,915 SF
Lot
5.71 ac (248,728 SF)
APN
F10E000008 00010
UPID
US50-0177809
Jurisdiction
RANKIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$5.2M
RESTAURANT
Est. value
$7.5M
COMMERCIAL (GENERAL)
Est. value
$5.8M
RETAIL STORES
Est. value
$5.7M
AUTO REPAIR, GARAGE
Est. value
$5.6M
MEDICAL BUILDING
Est. value
$5.3M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Heating
NONE
Lot
5.71 ac
Current owner
From public records · entity-resolved
Aw Riverchase LLC
Entity
Free & Clear · 4 yrs held
Mailing address
11780 US HWY 1ST STE #305, NORTH PALM BEACH, FL 33408-3042
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2022
—
Aw Riverchase LLC
Flowood Investors 3rd LLC
Warranty Deed
—
Oct 11, 2019
—
Flowood Investors III LLC
Owner Name Unavailable
Grant Deed
—
Jul 17, 2018
—
Flowood Investors II LLC
Owner Name Unavailable
Grant Deed
related
—
Oct 13, 2017
—
2550 Flowood Drive Holdings Ll
Owner Name Unavailable
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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