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

    3720 Flowood Dr Jackson, MS 39232-9029

    • Office buildings
    • 26,127 SF
    • 2.43 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0033757
    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

    • Edens Auctions Inc. / Auction House / Business Related
    • US Legal Forms, Inc. / Legal Services
    • Smartzweb / Website Designer / Internet Marketing Service

    Property Details for 3720 Flowood Dr

    Year built
    1988
    Lot size
    2.43 lot acres
    Property size
    26,127 SF
    Property type
    Office buildings
    APN
    F10Q000003 00010
    APU
    F10Q00000300010

    Description

    This exceptional 6,376+ square foot office suite is available for lease at 3720 Flowood Drive, Suite B, in Flowood, Mississippi. Located in a Class B building constructed in 1995, this single-story property offers a convenient and highly accessible location. The suite itself boasts a well-designed layout including a reception area, numerous private offices, open cubicles, a comfortable break room/kitchenette, and two conference rooms, perfect for a variety of business needs. The building sits on a 2.4-acre lot and is part of a larger 28,024 square foot complex. The property's zoning is C-3 (General Commercial), allowing for diverse commercial uses. Its prime location on Flowood Drive, near the intersection of Lakeland Drive and Old Fannin Road, provides easy access to major thoroughfares, including Interstate 55, making it ideal for businesses serving the growing Flowood and Brandon populations. The property is situated in Rankin County and features convenient access to Jackson and the Reservoir area. While there are no elevators in this single-story building, the layout and accessibility make it a highly functional and desirable space. This is a rare opportunity to secure a well-appointed office suite in a thriving commercial area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.0751
    Latitude
    32.3409
    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
    $22,063
    $0.00
    $0.00
    $210,112
    -
    $317,550
    $1,083,190
    $1,400,740

    Comparable in this City

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      PROFESSIONAL BUILDING • 0.72 Acres
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      12,003 SF

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      PROFESSIONAL BUILDING • 12,003 SF
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      PROFESSIONAL BUILDING • 3,535 SF
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    Similar Nearby for Sale

    • Contact for pricing
      30,000 SF

      Premier Flowood Office Development

      Two-story office complex in a desirable Flowood location.
      660 Lakeland East Dr, Jackson, MS 39232
      View Details
    • $1,700,000
      11,000 SF

      Beautiful Office Building in Flowood

      Excellent office building suitable for law, real estate, or medical.
      781 Liberty Rd, Flowood, MS 39232
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    • $1,900,000
      3,250 SF

      Lakeland Drive Bank Building

      Flowood, MS Office/Retail Opportunity
      2351 Lakeland Dr, 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
    • $595,000
      5,000 SF

      Flowood Office Building - $595K

      5,000 SF Office Building, Flowood, MS
      1307 Airport Rd, Flowood, MS 39232
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    • $400,000
      1,779 SF

      Flowood Office Suites For Sale

      Office suites available for purchase in Flowood, Mississippi.
      499 Keywood Cir, Flowood, MS 39232
      View Details

    Similar Nearby for Lease

    • $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
    • $16 SF/Yr
      2,300 SF

      Flowood Executive Office Suites

      Prime Flowood Office Space, 2 Suites Available
      2530 Flowood Dr, Flowood, MS 39232
      View Details
    • $16 SF/Yr
      1,550 SF

      Flowood Office Space For Lease

      Office suite available for lease in Flowood, Mississippi.
      5 River Bend Pl, Flowood, MS 39232
      View Details
    • $24 SF/Yr
      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
    • $30 SF/Yr
      80,000 SF

      Flowood Office Space for Lease

      Class A Office Suites in New Development
      1905 Community Bank Way, Flowood, MS 39232
      View Details
    • 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
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    3720 Flowood Dr
    Jackson, MS 39232-9029
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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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