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    2580 Lakeland Dr Flowood, MS 39232
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    2580 Lakeland Dr, Flowood, MS 39232

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    • Retail space
    • 3,035 SF
    • 3.21 lot acres
    For Sale
    View Listing →
    Commercial Land in High-Traffic Area For Sale
    Contact for pricing

    Commercial Land in High-Traffic Area

    Two commercial land parcels in a rapidly growing corridor.

    2580 Lakeland Drive, Flowood, MS 39232
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    Property ID
    US50-0199681
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 2580 Lakeland Dr

    Year built
    1992
    Lot size
    3.21 lot acres
    Property size
    3,035 SF
    Property type
    Retail space
    APN
    E10K000008 00000
    APU
    E10K00000800000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Flowood
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.1172
    Latitude
    32.3303
    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
    $12,024
    $0.00
    $0.00
    $106,248
    -
    $540,140
    $168,180
    $708,320

    Comparable in this City

    • Value Estimation
      $4,795,000
      38,053 SF

      220 Lakeland Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 38,053 SF
      220 Lakeland Pkwy, Jackson, MS 39232-9552
      View Details
    • Value Estimation by Request
      6,825 SF

      630 Hwy 80th E

      RETAIL STORES (PERSONAL SERVICES) • 6,825 SF
      630 Hwy 80th E, Flowood, MS 39232-3201
      View Details
    • Value Estimation
      $1,150,000
      9,132 SF

      1012 Hugh Ward Blvd

      RETAIL STORES (PERSONAL SERVICES) • 9,132 SF
      1012 Hugh Ward Blvd, Flowood, MS 39232-6602
      View Details
    • Value Estimation by Request
      1,780 SF

      1080 Pkwy Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,780 SF
      1080 Pkwy Blvd, Flowood, MS 39232-8855
      View Details
    • Value Estimation by Request
      1,334 SF

      2619 Courthouse Cir

      RETAIL STORES (PERSONAL SERVICES) • 1,334 SF
      2619 Courthouse Cir, Flowood, MS 39232-9521
      View Details
    • Value Estimation
      $865,000
      6,875 SF

      5497 Hwy 25

      RETAIL STORES (PERSONAL SERVICES) • 6,875 SF
      5497 Hwy 25, Flowood, MS 39232-6394
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,250 SF

      Former Bank Building on Lakeland

      3,250 SF commercial building with high visibility on Lakeland Drive.
      2351 Lakeland Dr, Flowood, MS 39232
      View Details
    • $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
      View Details
    • Contact for pricing

      Lakeland Drive Outparcel For Sale

      1.3 acre outparcel on Lakeland Drive, ideal for retail.
      5653 Ms-25, Brandon, MS 39232
      View Details
    • Contact for pricing

      Prime Retail Development Land

      15.83 acre tract in Flowood's retail and business district.
      Freedom Bnd, Flowood, MS 39232
      View Details
    • Contact for pricing

      5.311 Acres on Lakeland Drive

      Commercial land available on high-traffic Lakeland Drive in Flowood.
      River Bend Pl, Flowood, MS 39232
      View Details
    • $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

    Similar Nearby for Lease

    • Contact for pricing
      1,560 SF

      Flowood Office/Retail Space For Rent

      Move-in ready office/retail space in a mixed-use development.
      111 Market St, Flowood, MS 39232
      View Details
    • Contact for pricing
      2,550 SF

      Retail Space in Flowood

      Former insurance office space available for rent in Flowood.
      5352 Lakeland Dr, Flowood, MS 39232
      View Details
    • Contact for pricing
      3,334 SF

      Retail Space Near Walmart

      Retail space in Walmart shadow center near major intersections.
      901 Lakeland Pl, Flowood, MS 39232
      View Details
    • $3,500 /Mo
      2,040 SF

      Retail Space in Flowood, MS

      2,040 SF retail space available for lease.
      5080 Lakeland Dr, Flowood, MS 39232
      View Details
    • Contact for pricing
      5,879 SF

      Retail Space in Flowood, MS

      Retail space available in a large shopping center.
      310-384 Ridge Way, Flowood, MS 39232
      View Details
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    Flowood, MS 39232
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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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    2580 Lakeland Dr, Flowood, MS, 39232
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