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    FOR LEASE
    Office buildings

    625 Lakeland Dr E, Flowood, MS 39232

    7,189 SF Built 1978
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US50-0311886
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $599k
    Blend (final) Blend
    $600k
    Owner & transaction history
    Quest T Co · 4 yrs held
    Quest T Co
    since 2021
    1 recorded transaction
    2021
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $815,000 +44.3%
    Commercial (general) $635,000 +12.2%
    Retail stores $620,000 +9.5%
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    More about this property
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