4800 Lakeland DrFlowood, MS 39232

Property Details for 4800 Lakeland Dr

Year built

2001

Lot size

2.17 AC

Property size (Sq ft)

18,096 SF

Property type

Retail properties

Property subtype

Strip malls

APN

F10Q000007 00010

APU

F10Q00000700010

Description

This exceptional 3,198 square foot shopping center, located at 4800 Lakeland Drive in Flowood, Mississippi (zip code 39232), presents a unique opportunity for businesses seeking high-visibility retail or office space. Built in 2001, this Class B property offers a single-story building with ample parking (2.08 spaces per 1,000 square feet). The entire 3,198 square feet is currently vacant and available for lease, with a minimum divisible space of 2,000 square feet. The property boasts excellent visibility and accessibility from Lakeland Drive and Liberty Road, experiencing high daily traffic volume of approximately 42,000 cars. Building signage is available, and the property features convenient front door parking. This location is ideal for a variety of uses, including retail, professional offices, or medical practices. The property's address is easily accessible from cross streets including Ridge Way. This is a rare opportunity to secure a prominent location in a high-traffic area of Flowood. Contact us today to learn more about leasing this exceptional space.

• CAP approach

  CAP return

  Valuation

  6%

  $4,458,988

  6.5%

  $4,115,989

  7%

  $3,821,990

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,478,555

  Geo Method

  $8,895,111

• Alternative Use

  Use

  Valuation

  Residential

  $3,471,991

  Hospitality

  $3,180,325

  Educational

  $2,645,993

  Medical

  $2,736,993

  Retail

  $4,115,989

Location Insight

City

Flowood

County

Rankin

State

Mississippi

Latitude

32.34

Longitude

-90.0738

CBSA code

27140

CBSA name

JACKSON, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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