Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    21 Hazelwood Drive lot 21 Lake Cormorant, MS 38641

    View on Map
    Claim this Listing
    For Sale
    $95,000

    LAND - Lake Cormorant, MS

    Lot size:
    2.28 Acres
    Added:
    Mar 19, 2024
    Days on Market:
    760
    Last Refresh:
    Apr 17 at 12:06 am

    Property Features for 21 Hazelwood Drive lot 21

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    2.28 Acres

    Taxes and HOA fees

    Tax Description
    Lot 21 Deerwood Crossing Phase 2

    Utilities

    Utilities
    Water Available
    Sewer type
    Septic Needed
    Water source
    Public

    We can help!

    Listing Contact
    Christy M Webster

    Listing agent Christy M Webster License #S-49623

    Listing office Crye-Leike Of MS-SH 1320 Goodman Road E, Southaven, MS

    Listing date Mar 19, 2024

    MLS# 4074171

    Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lake Cormorant Land For Sale

    Available for purchase are residential lots situated in Deerwood Crossing, located in Lake Cormorant, Mississippi. These lots benefit from community water and natural gas services. A minimum of 2400 square feet is required for any construction. Purchasers have the option to buy now and build later, and are welcome to bring their own builder. The lot size is approximately 2.28 acres.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Lake Cormorant
    County
    DeSoto
    State
    Mississippi
    Longitude
    -90.1878
    Latitude
    34.9155

    Nearby Similar for Sale

    • $250,000
      1,840 SF

      Turnkey Car Wash Business Opportunity

      Established car wash business in Lake Cormorant, MS for sale.
      1999 Highway 301 S, Lake Cormorant, MS 38641
      View Details
    • $1,290,000

      32 Acres Commercial Land

      32+/- acres with commercial potential in Lake Cormorant, MS.
      5000 Church Road, Lake Cormorant, MS 38641
      View Details
    • $435,000

      Lake Cormorant Land with Lake

      18-acre retreat featuring a 7-acre spring-fed lake.
      4234 Delta View Road, Lake Cormorant, MS 38641
      View Details
    • $305,850

      Lake Cormorant Vacant Land Opportunity

      37-acre vacant land in Lake Cormorant, MS.
      3986-4006 Baldwin Rd, Lake Cormorant, MS 38641
      View Details
    • $474,350

      Lake Cormorant Vacant Land Opportunity

      27 acres of land with lake and development potential.
      7995 Austin Road, Lake Cormorant, MS 38641
      View Details
    • $600,000

      Lake Cormorant Agricultural Land

      39+/- acres of agricultural land with utilities available.
      3900 Highway 301, Lake Cormorant, MS 38641
      View Details
    • $278,850

      Residential Land in Lake Cormorant

      17-acre vacant land suitable for residential development or investment.
      7582-7914 Austin Rd, Lake Cormorant, MS 38641
      View Details
    • $1,800,000

      Highway Frontage Agricultural Land

      120+/- acres with road frontage and utilities available.
      3800 Highway 301 Road, Lake Cormorant, MS 38641
      View Details
    • $1,250,000

      Lake Cormorant Land For Sale

      100.06+/- acres of land with open fields and rolling hills.
      4325 Highway 301, Lake Cormorant, MS 38641
      View Details
    • $78,500

      Lake Cormorant Home Site

      2.58 acre home site, convenient location.
      Austin Road lot: 6, Lake Cormorant, MS 38641
      View Details
    • $1,005,375

      Lake Cormorant Agricultural Land

      95.75+/- acres of agricultural land in Lake Cormorant, MS.
      6000 Austin Road, Lake Cormorant, MS 38641
      View Details
    • $95,000

      Residential Land in Lake Cormorant

      2.21 acre residential land for sale in Lake Cormorant, MS.
      45 Dean Road lot: 45, Lake Cormorant, MS 38641
      View Details

    FAQs

    What type of property is this?
    Land - Residential lots available in Deerwood Crossing, Lake Cormorant, MS.
    Where is this land located?
    The property is located at 21 Hazelwood Drive lot 21 Lake Cormorant, MS.
    What is the asking price?
    The asking price for this property is $95,000.
    What are key features of this property?
    This property features: Owner financing available; Buy now, build later; Bring your own builder
    (901) 831-1925
    We can help!
    Listing Contact
    Christy M Webster
    Real Estate License ID: S-49623
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!