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Property profile & analytics
FOR SALE
Office buildings
781 Liberty Rd Flowood, MS 39232
Individually Owned
18-yr Hold
Free & Clear
Property ID
US50-0323387
For Sale
1 / 51
$1,700,000
781 Liberty Rd, Flowood, MS 39232
View Listing →
Property summary
AI-generated overview
This exceptional 11,000-square-foot retail building is situated on a 1.08-acre lot in the highly desirable Flowood, Mississippi market. Its prime location offers unparalleled visibility and accessibility, making it an ideal investment opportunity for a variety of businesses. The building's versatile layout is perfect for a range of uses, including law offices, real estate agencies, medical practices, or other professional services. The property boasts a prominent address on Liberty Road, ensuring high traffic and exposure to potential customers. Its spacious interior provides ample room for offices, reception areas, and other necessary amenities. The building's excellent condition and strategic location in the heart of Flowood combine to create a truly exceptional commercial property. Given its size, location, and adaptability, this property presents a rare opportunity to acquire a high-value asset in a thriving market. The asking price of $1,700,000 reflects the property's significant potential for return on investment. Serious inquiries are encouraged to explore this remarkable opportunity further. This is a turnkey operation ready for immediate occupancy. The property is well-maintained and ready for its next chapter. Don't miss this chance to own a piece of Flowood's vibrant commercial landscape.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2009
Total area
6,970 SF
APN
F10P000010 00020
UPID
US50-0323387
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
$830k
Blend (final)
Blend
$830k
Owner & transaction history
Vic Carmody JR. · 18 yrs held
Vic Carmody JR.
since 2008
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$790,000
+44.3%
Commercial (general)
$615,000
+12.2%
Retail stores
$600,000
+9.5%
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
OFFICE BUILDING
$550,000
Current use
RESTAURANT
$790,000
Change: +44% · Conversion: Moderate
COMMERCIAL (GENERAL)
$615,000
Change: +12% · Conversion: Easy
RETAIL STORES
$600,000
Change: +9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$590,000
Change: +8% · Conversion: Difficult
MEDICAL BUILDING
$560,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$830k
Range $747k – $913k · ±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
$119 / 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
$13,749
Tax year 2019
Assessed value
$130,118
Assessed 2023
Previous assessed
$130,118
+0.0% YoY
Effective rate
10.57%
On assessed value
Land market value
$234,180
Improvement market value
$633,270
Total market value
$867,450
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
For Sale
Year built
2009
Heating
YES
Cooling
YES
Total area
6,970 SF
APN
F10P000010 00020
UPID
US50-0323387
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
OFFICE BUILDING Current
Est. value
$550,000
RESTAURANT
Est. value
$790,000
COMMERCIAL (GENERAL)
Est. value
$615,000
RETAIL STORES
Est. value
$600,000
AUTO REPAIR, GARAGE
Est. value
$590,000
MEDICAL BUILDING
Est. value
$560,000
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL 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
2009
Heating
YES
Cooling
Yes
Current owner
From public records · entity-resolved
Vic Carmody JR.
Individual
Free & Clear · 18 yrs held
Mailing address
781 LIBERTY RD, FLOWOOD, MS 39232-9351
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2024
—
Vic Carmody JR
—
Deed
related
$830,536 · Community Bank Of Mississippi
Dec 27, 2022
—
Vic Carmody JR Pa
—
Deed
related
$820,575 · Renasant Bank
May 13, 2008
—
Vic Carmody JR.
Owner,record
Grant Deed
—
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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