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

    3010 Lakeland Cv Flowood, MS 39232

    • Investment properties
    • 75,531 SF
    • 5.69 lot acres
    For Lease
    View listing
    $11 SF/Yr
    Last Sale
    Nov 08, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0162046
    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

    • Investment properties

    Property Details for 3010 Lakeland Cv

    Year built
    1989
    Lot size
    5.69 lot acres
    Property size
    75,531 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    E10K000001 00030
    APU
    E10K00000100030

    Description

    East Pointe Business Park offers 74,500 square feet of flexible industrial space in Flowood, Mississippi. Located at 3010 Lakeland Cove, zip code 39232, this single-story, Class B building was constructed in 1986. The property features a concrete block structure and offers multiple tenancy options, with three spaces currently available, ranging from 1,389 to 6,526 square feet. The building is a mixed-use development, suitable for office, showroom, and warehouse needs. It boasts dock-high loading capabilities, making it ideal for businesses requiring efficient loading and unloading. The property is situated in Rankin County, Mississippi, and features flexible layouts to accommodate a variety of business requirements. This established complex houses over 25 diverse businesses, providing a strong sense of community and established infrastructure. The property's APN is E10K000001 00030. No elevators are present in this single-story building. Interested parties should inquire about available suite sizes and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $8,047,000
      Market price range: $3.09M - $10.2M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $6,675,000
      Current use
      RESTAURANT
      $8,585,000
      Change: +29% Conversion: Difficult
      RETAIL STORES
      $6,510,000
      Change: -2% Conversion: Easy
      AUTO REPAIR, GARAGE
      $6,410,000
      Change: -4% Conversion: Difficult
      MEDICAL BUILDING
      $6,040,000
      Change: -9% Conversion: Easy
      OFFICE BUILDING
      $5,950,000
      Change: -11% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.124
    Latitude
    32.3276
    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
    $52,753
    $0.00
    $0.00
    $535,465
    -
    $1,735,300
    $1,834,460
    $3,569,760

    Comparable in this City

    • Value Estimation
      $1,620,000
      13,668 SF

      2660 Lakeland Dr

      STORE/OFFICE (MIXED USE) • 13,668 SF
      2660 Lakeland Dr, Flowood, MS 39232-8823
      View Details
    • Value Estimation by Request
      5.15 Acres

      Ms-468

      Land • 5.15 Acres
      0 Ms-468, Flowood, MS 39232
      View Details
    • Value Estimation by Request
      1.00 Acre

      Freedom Bnd

      Mixed-use properties • 1.00 Acre
      0 Freedom Bnd, Flowood, MS 39232
      View Details
    • Value Estimation
      $4,150,000
      30,670 SF

      2829 Lakeland Dr

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 30,670 SF
      2829 Lakeland Dr, Flowood, MS 39232-9798
      View Details
    • Value Estimation
      $645,000
      4,774 SF

      1001 Airport N Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 4,774 SF
      1001 Airport N Rd, Jackson, MS 39232-3034
      View Details
    • Value Estimation
      $2,345,000
      17,302 SF

      2001 Airport N Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 17,302 SF
      2001 Airport N Rd, Flowood, MS 39232-8827
      View Details

    Similar Nearby for Sale

    • $1,346,000
      5.15 Acres

      Flowood Commercial Land Investment

      Prime 5.15-acre site, ideal for development.
      0 Ms-468, Flowood, MS 39232
      View Details
    • Contact for pricing
      1.00 Acre

      Freedom Bend: Prime Retail Land

      Flowood, MS: ±15.83 Acres, C-3 Zoning
      0 Freedom Bnd, Flowood, MS 39232
      View Details
    • $795,000
      6.99 Acres

      Flowood Commercial Land - $795,000

      6.99 Acres, High-Growth Corridor, MS
      Tract B Flowood Dr, Flowood, MS 39232
      View Details
    • $816,750
      2.50 Acres

      Flowood Commercial Land - 2.5 Acres

      Prime Flowood location, high traffic, development ready.
      0 Tree St, Flowood, MS 39232
      View Details
    • $1,154,795
      6,384 SF

      Flowood Executive Office Building

      Class A Office, 6,384 SF, 8.25% Cap Rate
      438 Katherine Dr, Flowood, MS 39232
      View Details
    • $550,000
      2.33 Acres

      Flowood Commercial Land - C-3 Zoning

      2.33 Acres, Prime Commercial Location
      2767 Flowood Dr, Flowood, MS 39232
      View Details

    Similar Nearby for Lease

    • 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
    • Contact for pricing
      3,198 SF

      Main Street Shopping Center: Flowood, MS

      Prime Retail/Office Space Available
      4800 Lakeland Dr, Flowood, MS 39232
      View Details
    • Contact for pricing
      39,500 SF

      Flowood Industrial Space Available

      Manufacturing space, 39,500 sq ft available
      1001 Underwood 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
    • $30 SF/Yr
      80,000 SF

      Class A Office Space Available

      New office suites in Flowood's Waterpointe Development.
      1905 Community Bank Way, Flowood, MS 39232
      View Details
    • $32 SF/Yr
      6,000 SF

      Retail Space in High-Traffic Area

      New retail space available in early 2026, high visibility.
      310 W Pineview Dr, Flowood, MS 39232
      View Details
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    3010 Lakeland Cv
    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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