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

    2695 Flowood Dr Jackson, MS 39232-9358

    • Medical Office Space
    • 6,106 SF
    OFF-MARKET
    Value Estimations
    $700,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0205933
    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

    • Dr. Greggory E. Tharp, DMD / Dental Office
    • Dr. Keith Klaus / Dental Office
    • Tharp, Klaus & Kelly Dental Clinic / Dental Office

    Property Details for 2695 Flowood Dr

    Year built
    2004
    Property size
    6,106 SF
    Property type
    Medical Office Space
    Property subtype
    Medical space
    APN
    F10E000018 00045
    APU
    F10E00001800045

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $700,000
      Market price range: $268k - $701k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $490,000
      Current use
      RESTAURANT
      $695,000
      Change: +42% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $540,000
      Change: +10% Conversion: Easy
      RETAIL STORES
      $525,000
      Change: +8% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $520,000
      Change: +6% Conversion: Difficult
      OFFICE BUILDING
      $480,000
      Change: -2% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.103
    Latitude
    32.3255
    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
    $13,294
    $0.00
    $0.00
    $126,587
    -
    $185,720
    $658,190
    $843,910

    Comparable in this City

    • Value Estimation by Request
      2,675 SF

      105 Belle Meade Pt

      DENTAL BUILDING • 2,675 SF
      105 Belle Meade Pt, Flowood, MS 39232-3309
      View Details
    • Value Estimation
      $1,045,000
      9,104 SF

      1047 Flowood Dr

      MEDICAL BUILDING • 9,104 SF
      1047 Flowood Dr, Flowood, MS 39232-9533
      View Details
    • Value Estimation by Request
      3,021 SF

      128 Riverview Dr

      DENTAL BUILDING • 3,021 SF
      128 Riverview Dr, Flowood, MS 39232-8908
      View Details
    • Value Estimation by Request
      2,261 SF

      643 Lakeland E Dr

      DENTAL BUILDING • 2,261 SF
      643 Lakeland E Dr, Flowood, MS 39232-9030
      View Details
    • Value Estimation
      $1,130,000
      9,843 SF

      1030 Flowood Dr

      MEDICAL BUILDING • 9,843 SF
      1030 Flowood Dr, Flowood, MS 39232-9532
      View Details
    • Value Estimation by Request
      1,018 SF

      3227 Flowood Dr

      MEDICAL BUILDING • 1,018 SF
      3227 Flowood Dr, Flowood, MS 39232-9053
      View Details

    Similar Nearby for Sale

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      Flowood Office Building - $595K

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    • $1,700,000

      Flowood Office Building For Sale

      Beautiful office building in the heart of Flowood, Mississippi.
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    • $1,700,000
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      Beautiful Office Building in Flowood

      Excellent Flowood office building suitable for various professional uses.
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    • $1,900,000
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      Lakeland Drive Bank Building

      Flowood, MS Office/Retail Opportunity
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    • $1,154,795

      Flowood Office Building For Sale

      Multi-tenant office building in Flowood, MS, 100% leased.
      438 Katherine Dr, Flowood, MS 39232
      View Details
    • Contact for pricing
      30,000 SF

      Premier Flowood Office Development

      Two-story office complex in a desirable Flowood location.
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      View Details

    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
      View Details
    • $12 SF/Yr
      7,000 SF

      Flowood Office Space Available

      950 sq ft, renovated office suite
      625 Lakeland Dr, 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
    • $10 SF/Yr
      2,500 SF

      Flowood Medical Office Building

      Modern Medical Office Space Available
      200 Park Circle Dr, Flowood, MS 39232
      View Details
    • $21 SF/Yr
      10,859 SF

      Flowood Drive Office Suite

      Second-floor office suite in Flowood's thriving business district.
      2540 Flowood Dr, Flowood, MS 39232
      View Details
    • Contact for pricing
      3,107 SF

      Flowood Medical Office Space Available

      Class A medical office space for lease in Flowood, MS.
      2470 Flowood Dr, Flowood, MS 39232
      View Details
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    2695 Flowood Dr
    Jackson, MS 39232-9358
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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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