1001 Underwood DrFlowood, MS 39232

Property Details for 1001 Underwood Dr

Year built

1972

Lot size

12.96 AC

Property size (Sq ft)

2,576 SF

Property type

Office properties

Property subtype

Other office properties

APN

E09N000001 00000

APU

E09N00000100000

Description

Premier Flowood Industrial Park offers a prime opportunity for manufacturing businesses seeking flexible space in Rankin County, Mississippi. Located at 1001 Underwood Drive, Flowood, MS 39232, this single-tenant industrial property boasts 39,500 square feet of vacant space within a larger complex. The property is zoned I-2, providing versatility for various manufacturing operations. Its convenient location offers easy access to major transportation arteries, including Flowood Drive, Highway 80, Interstates 20 and 55, and the Jackson International Airport, ensuring efficient logistics and distribution. The industrial park features renovated buildings, enhancing functionality and appeal. A significant advantage is the presence of an active rail spur, providing an additional transportation option for businesses requiring rail access. The available space is suitable for warehousing, distribution, or manufacturing activities, making it an ideal location for businesses seeking a strategic presence within the robust Jackson MSA submarket. The property's size and amenities make it a compelling option for companies seeking to establish or expand their operations in a well-connected and developed industrial area. This is a rare opportunity to secure a substantial space in a thriving industrial park.

• CAP approach

  CAP return

  Valuation

  6%

  $431,800

  6.5%

  $398,584

  7%

  $370,114

• Comparable approach

  Method

  Valuation

  Relative Method

  $196,500

  Geo Method

  $502,475

• Alternative Use

  Use

  Valuation

  Residential

  $494,244

  Hospitality

  $452,725

  Educational

  $376,662

  Medical

  $389,616

  Retail

  $585,919

Location Insight

City

Flowood

County

Rankin

State

Mississippi

Latitude

32.3059

Longitude

-90.1305

CBSA code

27140

CBSA name

JACKSON, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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