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    268 Bonnie Blue Cv Olive Branch, MS 38654

    Sponsored
    For Sale
    $920,000

    MULTI_FAMILY - Olive Branch, MS

    Property size:
    5,542 SF
    Lot size:
    2.74 Acres
    Days on Market:
    57
    Last Refresh:
    Jan 30 at 2:06 pm

    Property Features for 268 Bonnie Blue Cv

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 5, Dining Room, Laundry Room, Bathroom 3, Bedroom 3, Bathroom 4, Bedroom 6, Game Room, Bathroom 5
    Bedrooms
    6
    Bathrooms
    4
    APN
    2068340200001300
    Patio and Porch features
    Porch, Patio
    Pool private
    1
    Fireplace
    1
    Size
    5,542 SF
    Lot size
    2.74 Acres

    Utilities

    Sewer type
    Septic Tank
    Water source
    Public

    Building Details

    Year built
    2002
    Floors in Building
    2
    Flooring type
    Vinyl, Hardwood
    Roof type
    Shingle

    We can help!

    Listing Contact
    Brenda Easter
    Brenda Easter

    Dream Maker Realty, LLC (662) 893-3232

    Listing agent Brenda Easter License #S-42106

    Listing date Dec 5, 2025

    MLS# 4128379 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Spacious Home with Furnished Guest House

    This property features a six-bedroom home and a separate furnished guest house, situated on 2.75 acres. Located in the Lewisburg school district, the home resides on a quiet cove lot with a circle drive and ample parking. The main house includes 5-inch diagonal laid hardwood and tile flooring throughout, with pewter doorknobs. A double door entry leads to a spacious dining room and an office or bedroom. The great room features a fireplace with custom tile and surround, overlooking the backyard. The kitchen is equipped with a 6-foot island, granite counters, custom tile backsplash, a 5-burner gas cooktop, double wall ovens, a built-in microwave, a Bosch dishwasher, a snack bar, and a breakfast area. The hearth room has built-in bookcases on either side of the fireplace. A spacious pantry and a large laundry room with hook-ups for two dryers, a sink, cabinets, and a desk area are located off the kitchen. The primary suite includes a spa-like bath with a corner jetted tub, separate shower, two vanities, and two walk-in closets. Upstairs, luxury vinyl tile floors lead to four bedrooms, a Jack and Jill bath, and two walk-in attic spaces. The backyard features an inground pool and a covered back porch. The furnished guest house includes a kitchen with a custom tile backsplash, stainless appliances, granite counters, and an abundance of cabinets, open to the living area. A private bedroom and bath are handicapped accessible. Additional amenities include a whole house and guest house generator installed in 2018, a recent new roof and HVAC replacement, a tankless water heater installed in 2023, a pool pump replacement in 2024, LED recessed lighting, and an aerator pump replacement planned for 2025. The property is located close to I-269, shopping, and schools.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Olive Branch
    County
    DeSoto
    State
    Mississippi
    Longitude
    -89.822171
    Latitude
    34.863848

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    FAQs

    What type of property is this?
    Single family property - Six-bedroom home with a separate furnished guest house on 2.75 acres.
    Where is this single family property located?
    The property is located at 268 Bonnie Blue Cv Olive Branch, MS.
    What is the asking price?
    The asking price for this property is $920,000.
    What are key features of this property?
    This property features: - Separate, fully furnished guest house ideal for in-law suite or extended family.; - 2.75 acre lot in Lewisburg school district with a private backyard and inground pool.; - Main house features 6 bedrooms and no carpet throughout (hardwood, tile, and luxury vinyl tile flooring).
    (901) 921-3919
    Request Owner's contact information
    268 Bonnie Blue Cv Olive Branch, MS 38654
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    Olive Branch, MS 38654
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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.

    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
    268 Bonnie Blue Cv Olive Branch, MS 38654
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    We can help!
    Listing Contact
    Brenda Easter
    Brenda Easter
    Real Estate License ID: S-42106
    (901) 921-3919
    Learn more
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