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Property profile & analytics
FOR LEASE
Investment properties
3010 Lakeland Cv, Flowood, MS 39232
Individually Owned
7-yr Hold
Free & Clear
Property ID
US50-0162046
For Lease
1 / 5
$11 SF/Yr
3010 Lakeland Cv, Flowood, MS 39232
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Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1989
Total area
75,531 SF
Lot
5.69 ac (247,856 SF)
APN
E10K000001 00030
UPID
US50-0162046
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
Current use
Occupant on record · Public records
-
Computer Conditioning of Mississippi Hardware & Home Improvement HVAC Service
-
Crown Trophy (Bike/Boat/Book/etc) Store
-
Synergy Massage & Wellness Spa Alternative Medicine Practice Spa & Massage Center
-
Shackelford Stephen L Law Firm
-
Ninja Warrior Arena Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.05M
Blend (final)
Blend
$8.05M
Owner & transaction history
Charles E Faries JR · 7 yrs held
Charles E Faries JR
since 2019
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.6M
+28.7%
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
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
Blend value · Realmo final
$8.05M
Range $7.24M – $8.85M · ±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
$107 / 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
$52,753
Tax year 2019
Assessed value
$535,465
Assessed 2023
Previous assessed
$535,465
+0.0% YoY
Effective rate
9.85%
On assessed value
Land market value
$1,735,300
Improvement market value
$1,834,460
Total market value
$3,569,760
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Lease
Year built
1989
Heating
YES
Cooling
YES
Total area
75,531 SF
Lot
5.69 ac (247,856 SF)
APN
E10K000001 00030
UPID
US50-0162046
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
COMMERCIAL (GENERAL) Current
Est. value
$6.7M
RESTAURANT
Est. value
$8.6M
RETAIL STORES
Est. value
$6.5M
AUTO REPAIR, GARAGE
Est. value
$6.4M
MEDICAL BUILDING
Est. value
$6.0M
OFFICE BUILDING
Est. value
$6.0M
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE 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
1989
Heating
YES
Cooling
Yes
Lot
5.69 ac
Current owner
From public records · entity-resolved
Charles E Faries JR
Individual
Free & Clear · 7 yrs held
Mailing address
12535 S IRON MTN BLVD, PORTLAND, OR 97219-8303
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2019
—
Charles E Faries JR
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.
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