Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    2776 Highway 51 Senatobia, MS 38668

    View on Map
    Claim this Listing
    For Sale
    $235,000

    COMMERCIAL - Senatobia, MS

    Property size:
    95,832 SF
    Lot size:
    2.20 Acres
    Price / SF:
    $2/SF
    Added:
    Mar 19, 2026
    Days on Market:
    51
    Last Refresh:
    May 8 at 1:06 am

    Property Features for 2776 Highway 51

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Property condition
    Under Construction
    Standard status
    Active
    APN
    153-05-0000113
    Size
    95,832 SF
    Lot size
    2.20 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    PT SW 1/4 NW 1/4 2776 & 2778 HWY 51 SOUTH
    Tax Annual Amount
    283

    We can help!

    Listing Contact
    Brandie M Todd

    Listing agent Brandie M Todd License #S-54524

    Listing office United Real Estate Mid-South 8849 Centre Street, Southhaven, MS

    Listing date Mar 19, 2026

    MLS# 4142881

    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.

    HighLights

    • 2.19 acre commercial (B‑1) zoned lot
    • Great corner lot with plenty of road frontage
    • Close proximity to I‑55
    • Near Northwest Community College
    • Convenient access to shopping
    • Located near ball parks and warehouses

    Overview

    Commercial Land in Senatobia, MS

    This commercial property features 2.19 acres of land zoned for commercial use (B-1). The corner lot offers substantial road frontage and is situated in close proximity to I-55, Northwest Community College, shopping centers, ball parks, and warehouses. The property is located in Senatobia, MS, with a total lot size of 95832 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Big Box & Wholesale Store Gym & Fitness Center Furniture & Home Goods Grocery & Convenience Store Car Rental Facility (Bike/Boat/Book/etc) Store Wine and Liquor Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Senatobia
    County
    Tate
    State
    Mississippi
    Longitude
    -89.967914
    Latitude
    34.591826

    Nearby Similar for Sale

    • $600,000
      4,290 SF

      Corner Lot Commercial Property on Hwy 51

      Highly visible commercial property suitable for medical or office use.
      4364 Hwy 51, Senatobia, MS 38668
      View Details
    • $78,500

      Secluded Land Near Sardis Lake

      9.35 acres of secluded land near Sardis Lake.
      3736 Wyatte Tyro Road, Senatobia, MS 38668
      View Details
    • $1,350,000

      Land For Sale Senatobia, MS

      Land with visibility from I-55, suitable for hotel, retail.
      Shands Bottom Road, Senatobia, MS 38668
      View Details
    • $38,000

      Residential Land in Senatobia, MS

      3.8 acres to build your dream home.
      Brownlee Road, Senatobia, MS 38668
      View Details
    • $185,000

      Senatobia Land on Gravel Springs

      16.3+/- acre tract ideal for custom home or retreat.
      Gravel Springs Road, Senatobia, MS 38668
      View Details
    • $4,000,000

      Pasture Land with Home, Ponds

      70+ acre pasture with home, ponds, fenced for livestock.
      6183 Yellowdog Road, Senatobia, MS 38668
      View Details
    • $259,000

      Commercial Land Near Interstate 55

      Commercial land with highway access, suitable for various businesses.
      15763 Highway 4 E, Senatobia, MS 38668
      View Details
    • $80,000

      Commercial Lots on Scott Street

      Two commercial lots totaling 1.54 acres in Senatobia, MS.
      1.54 Scott Street, Senatobia, MS 38668
      View Details
    • $2,541,000

      Tate County Hunting and Recreation

      462-acre hunting and recreational land near Memphis and Oxford.
      Hogfoot Road, Senatobia, MS 38668
      View Details
    • $47,500

      Secluded Homesite in Senatobia, MS

      3.74-acre lot for homesite near Sardis Lake.
      10 Tyro Branch Cove lot: 10, Senatobia, MS 38668
      View Details
    • $375,000

      40 Acres Vacant Land Senatobia

      40 acre vacant land with ponds and utilities near Senatobia.
      2023 Gravel Springs Drive, Senatobia, MS 38668
      View Details
    • $525,000

      Senatobia Land Development Opportunity

      44 acres with 70 approved lots and city utilities.
      Summer Lane, Senatobia, MS 38668
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.19 acre commercial corner lot near I-55.
    Where is this commercial land located?
    The property is located at 2776 Highway 51 Senatobia, MS.
    What is the asking price?
    The asking price for this property is $235,000.
    What are key features of this property?
    This property features: 2.19 acre commercial (B‑1) zoned lot; Great corner lot with plenty of road frontage; Close proximity to I‑55
    (901) 626-1645
    We can help!
    Listing Contact
    Brandie M Todd
    Real Estate License ID: S-54524
    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

    Thank You for Inquiry
    2776 Highway 51, Senatobia, MS 38668
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!