3900 Lakeland DrFlowood, MS 39232

  • Office properties
  • 9,416 SF
For Lease
$12/SF/YR View listing

Property Details for 3900 Lakeland Dr

Year built
1993
Property size (Sq ft)
9,416 SF
Property type
Office properties
Property subtype
Office buildings
APN
F10N000002 00010
APU
F10N00000200010

Description

This Flowood, MS office property, located at 3900 Lakeland Drive, offers 1,061 square feet of immediately available space in a three-building complex. The property, built in 1988, is a Class B, two-story building totaling 30,000 square feet. The individual suite is part of a larger space that can be combined or divided to meet various tenant needs. The complex features two elevators for convenient access to all floors. Situated on 0.67 acres of land, the property boasts ample covered parking for tenants and guests. The landscaping complements the architectural design, creating a professional and attractive environment. The property's location in the Jackson submarket of Rankin County, Mississippi (zip code 39232), provides convenient access to local amenities and transportation routes. The property is a traditional office building with multiple tenants. The minimum divisible space is 1,061 square feet, and the maximum contiguous space available is also 1,061 square feet. The APN is F10N-000002-00020.

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,578,348
    6.5%
    $1,456,937
    7%
    $1,352,870
  • Comparable approach

    Method
    Valuation
    Relative Method
    $718,261
    Geo Method
    $1,836,685
  • Alternative Use

    Use
    Valuation
    Residential
    $1,806,602
    Hospitality
    $1,654,838
    Educational
    $1,376,805
    Medical
    $1,424,156
    Retail
    $2,141,697
3900 Lakeland Dr, Flowood, Mississippi

Location Insight

City
Flowood
County
Rankin
State
Mississippi
Latitude
32.3346
Longitude
-90.0967
CBSA code
27140
CBSA name
JACKSON, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2019
$11,283
-
-
$108,548
-
$113,390
$610,260
$723,650

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