Property profile

625 Lakeland Dr E Flowood, MS 39232

FOR LEASE
Office buildings
Property ID
US50-0311886
7,189 SF Built 1978
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 950-square-foot office suite is situated within a two-building, 7,000-square-foot office park at 625 Lakeland E Dr, Flowood, MS 39232. The property, located in Rankin County's Flowood submarket, boasts a convenient location off Highway 25 (Lakeland Drive), near Keyway Drive. The Class B building underwent renovations in 2021, featuring fresh paint and new carpeting. This single-story building offers ample parking with 35 spaces conveniently located in the center of the U-shaped structure, ensuring easy access to all suites. The suite is part of a multi-tenant building with a minimum divisible space of 950 square feet and a maximum contiguous space of 950 square feet. Currently, 950 square feet are vacant and immediately available. The property sits on a 25,000-square-foot lot and is zoned for commercial use (APN: F10J000017 00380). Its prime location offers easy access to a variety of amenities, including medical facilities, banks, restaurants, retail stores, a grocery store, pharmacy, fitness centers, convenience stores, automotive services, and even a hospital. This is an ideal opportunity for businesses seeking a well-maintained, conveniently located office space in a thriving commercial area.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1978
Total area 7,189 SF
APN F10J000017 00380
UPID US50-0311886

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Foster Care Service Social Service Agency
  • Insurance Agency
  • Spa & Massage Center
  • Travel Agency
  • Medical Clinic

Location

625 Lakeland Dr E Flowood, MS 39232
Flowood metro Census 20304 JACKSON, MS METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$599k
Blend (final) Blend
$400k

Owner & transaction history

since 2021
1 recorded transaction
2021
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $815,000 +44.3%
Commercial (general) $635,000 +12.2%
Retail stores $620,000 +9.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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