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    • Brokers

    Alexis L McNabb, Southaven, MS

    License ID: S-52389
    Years of Experience
    6
    Association
    Northwest Mississippi Association Of Realtors

    Service Locations

    Contact details

    Phone:
    (901) 238-1205
    Office Address:
    7540 North St, Memphis, TN 38138

    Property Types

    • Commercial Lease
    • Land
    • Residential

    Performance

    Listings
    19
    Price range
    $312k - 702k
    Average price
    $468k

    Listings

    For Sale (5)

    View map
    • $599,000
      4,800 SF

      Retail Space in Booneville, MS

      High-visibility retail space in the heart of Booneville, Mississippi.
      609 N 2Nd St, Booneville, MS 38829
      View Details
    • $499,000
      19.13 Acres

      Land with Private Stocked Lake

      19+/- acre property in Lewisburg school district with 7-acre lake.
      560 N Malone Rd, Hernando, MS 38632
      View Details
    • $700,000
      4.75 Acres

      Horn Lake Commercial Land Opportunity

      4.75-acre commercial land with approved site plan.
      4683 Goodman Rd, Horn Lake, MS 38637
      View Details
    • $500,000
      2.60 Acres

      Commercial Corner Lot in Walls

      2.65 acre commercial lot in growing DeSoto County.
      5961 Highway 301, Walls, MS 38680
      View Details
    • $600,000
      4,290 SF

      Corner Lot Commercial Property on Hwy 51

      Highly visible commercial property suitable for medical or office use.
      4364 Highway 51, Senatobia, MS 38668
      View Details

    For Lease (14)

    View map
    • $3,000 /Mo
      4,800 SF

      Prime Retail Space in Booneville

      High-visibility retail space in the heart of Booneville, Mississippi.
      609 N 2Nd St, Booneville, MS 38829
      View Details
    • $2,000 /Mo
      7,344 SF

      New Commercial Space in Olive Branch

      Modern commercial space ideal for retail, office, or service businesses.
      7550 Alexander Rd, Olive Branch, MS 38654
      View Details
    • $2,000 /Mo
      7,344 SF

      New Commercial Space in Olive Branch

      Modern commercial space ideal for retail, office, or service businesses.
      7550 Alexander Rd Lot Bay, Olive Branch, MS 38654
      View Details
    • $2,200 /Mo
      7,344 SF

      New Commercial Space in Olive Branch

      Modern commercial space ideal for retail, office, or service businesses.
      7550 Alexander Rd Lot Bay, Olive Branch, MS 38654
      View Details
    • $3,150 /Mo
      1,260 SF

      Olive Branch Commercial Space Available

      1,260 SF commercial space in high-traffic Olive Branch location.
      10680 Goodman Rd, Olive Branch, MS 38654
      View Details
    • $18 SF/Yr
      1,800 SF

      Hernando Commercial Space For Lease

      1,800 SF commercial bay on Hwy 51, Hernando, MS.
      341 Wheeler Rd, Hernando, MS 38632
      View Details
    • $2,500 /Mo
      1,271 SF

      New Retail Space in Horn Lake

      New retail/commercial space in high-visibility location, built in 2025.
      6100 Horn Lk Rd Lot Bay, Horn Lake, MS 38637
      View Details
    • $2,500 /Mo
      1,271 SF

      New Retail Space in Horn Lake

      New retail/commercial space with high visibility, built in 2025.
      6100 Horn Lk Rd Lot Bay, Horn Lake, MS 38637
      View Details
    • $2,500 /Mo
      1,271 SF

      New Retail Space in Horn Lake

      New retail/commercial space with high visibility and traffic.
      6100 Horn Lk Rd Lot Bay, Horn Lake, MS 38637
      View Details
    • $2,500 /Mo
      1,271 SF

      New Retail Space in Horn Lake

      New retail/commercial space with high visibility and traffic.
      6100 Horn Lk Rd Lot Bay, Horn Lake, MS 38637
      View Details
    • $2,500 /Mo
      1,271 SF

      New Retail Space in Horn Lake

      New retail/commercial space with high visibility and traffic.
      6100 Horn Lk Rd Lot Bay, Horn Lake, MS 38637
      View Details
    • $2,500 /Mo
      1,271 SF

      New Retail Space in Horn Lake

      New retail/commercial space with high visibility and traffic.
      6100 Horn Lk Rd Lot Bay, Horn Lake, MS 38637
      View Details
    • $2,500 /Mo
      1,271 SF

      New Retail Space in Horn Lake

      New retail/commercial space with high visibility, built in 2025.
      6100 Horn Lk Rd Lot Bay, Horn Lake, MS 38637
      View Details
    • $2,500 /Mo
      1,255 SF

      New Retail Space in Horn Lake

      New retail/commercial space with high visibility and traffic.
      6100 Horn Lk Rd Lot Bay, Horn Lake, MS 38637
      View Details

    Leases and Sales on Map

    • For Sale
    • For Lease

    Properties for sale

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    Alexis L McNabb, Southaven, MS
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    Alexis L McNabb, Southaven, MS
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