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    310 E St S Hernando, MS 38632

    View on Map
    Sponsored
    For Sale
    $400,000

    COMMERCIAL - Hernando, MS

    Property size:
    1,800 SF
    Lot size:
    0.35 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 5 at 10:09 am

    Property Features for 310 E St S

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1
    APN
    3 07 4 18 00 3 00010 02
    Size
    1,800 SF
    Lot size
    0.35 Acres

    Building Details

    Year built
    1986

    We can help!

    Listing Contact
    Seth Billings

    United Real Estate Mid-South (662) 470-6058

    Listing agent Seth Billings License #S-55381

    Listing date Mar 5, 2026

    MLS# 4141317

    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

    Overview

    Hernando Commercial Business Opportunity

    Located in Hernando, this commercial property presents a business opportunity in a C2-zoned area. The property currently houses Hernando Transmission Rebuilders, an established business of 20 years with an A+ rating from the Better Business Bureau since 2009. The location has been an automotive business since 1986. The shop features 1800 square feet of space, incorporating 3 bays, an office area, and a half bath. The lot size is 15,246 square feet. Included with the property are three lifts—one with a 10,000lb capacity and two with 7,000lb capacities—along with Snap-on tools, an air compressor, and various transmission specialty tools. A Portacool unit is also present. The sale includes most tools, with the exception of a few miscellaneous items retained by the seller, and the business phone number. The property is suitable for various automotive-related businesses, such as a transmission shop, tire shop, or automotive repair shop. Hernando has an estimated population of 27,317 people, with approximately 188,633 in DeSoto County, reflecting a 4.5% increase since 2010.
    Location Intelligence

    Current Use by Public Records

    Auto shops

    Map

    City
    Hernando
    County
    DeSoto
    State
    Mississippi
    Longitude
    -89.984252
    Latitude
    34.822114

    Nearby Similar for Sale

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    • $440,000
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      Hernando Commercial Automotive Business Opportunity

      Established automotive business with shop, office, and included equipment.
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    • $600,000
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      Hernando Office Building - Prime Location

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    FAQs

    What type of property is this?
    Auto shop - Commercial property in the heart of Hernando, zoned C2.
    Where is this auto shop located?
    The property is located at 310 E St S Hernando, MS.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: - Prime commercial location in the heart of Hernando, zoned C2.; - Established automotive business history at this location since 1986 (37 years).; - Active, income-producing business (Hernando Transmission Rebuilders) with potential for repeat customers.
    (901) 361-1131
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    310 E St S Hernando, MS 38632
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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
    310 E St S Hernando, MS 38632
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    We can help!
    Listing Contact
    Seth Billings
    Real Estate License ID: S-55381
    (901) 361-1131 (662) 470-6058
    Learn more
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