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

    3740 Ms-301 Hernando, MS 38632

    View on Map
    Sponsored
    For Sale
    $1,399,000

    MULTI_FAMILY - Hernando, MS

    Property size:
    1,870 SF
    Lot size:
    50.00 Acres
    Days on Market:
    7
    Last Refresh:
    Mar 7 at 11:06 am

    Property Features for 3740 Ms-301

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security Lighting
    Window features
    Double Pane Windows
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 4, Bedroom 2, Bathroom 3, Bathroom 5, Bedroom 3, Bedroom 5, Bedroom 4, Bedroom 1, Bedroom 6
    Bedrooms
    6
    Bathrooms
    4
    APN
    305220000001502
    Patio and Porch features
    Patio, Porch
    Pool private
    1
    Fireplace
    1
    Size
    1,870 SF
    Lot size
    50.00 Acres

    Utilities

    Sewer type
    Septic Tank
    Water source
    Public
    Water front
    1

    Building Details

    Year built
    1993
    Floors in Building
    1
    Flooring type
    Tile - Ceramic, Laminate
    Roof type
    Shingle

    We can help!

    Listing Contact
    Amy S Field

    Crye Leike, Inc. (901) 550-2891

    Listing agent Amy S Field (662) 429-2442 License #S60841

    Listing date Mar 1, 2026

    MLS# 4111140

    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 Multi-Family Property with Acreage

    This property features two homes and a total of 50 acres. The landscaped 10 acres include three stocked ponds. The first home is a 3-bedroom, 2-bathroom brick home with upgrades including bathroom fixtures, an electric fireplace, ceiling fans, light fixtures, new flooring, granite countertops, backsplashes, a walk-in whirlpool bathtub, and a new separate shower. The garage has an installed P-Tac heat pump wall unit that offers heat and AC. The exterior features a 79' x 74' bricked patio with a gazebo that offers electric and a half bath, along with a lighted pergola. The backyard includes a 38' x 18' in-ground pool surrounded by landscaping. The patio is lighted and fenced for privacy. A bricked-in Koi Pond with a cascading waterfall is located on the back patio. The second home is a 1258 sq ft 3-bedroom, 2-bathroom barndominium with its own private yard and driveway. It is currently being updated and has been used as rental income. There is also a metal workshop with electric, heat, AC, and a concrete floor. The 40 acres has electric available and several cleared areas ready for new homes. It is full of wildlife and has several off-road trails. The property is suitable for single-family, multi-family, or rental use.
    Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Hernando
    County
    DeSoto
    State
    Mississippi
    Longitude
    -90.146739
    Latitude
    34.805626

    Nearby Similar for Sale

    • New
      $550,000
      3,663 SF

      Established Car Wash Business Opportunity

      Turnkey car wash business for sale in prime location.
      2934 Highway 51 S, Hernando, MS 38632
      View Details
    • New
      $400,000
      1,800 SF

      Hernando Commercial Business Opportunity

      Commercial property in the heart of Hernando, zoned C2.
      310 E St S, Hernando, MS 38632
      View Details
    • $600,000
      2,371 SF

      Hernando Office Building - Prime Location

      Historic Charm, Modern Potential, High Visibility
      2475 Memphis St, Hernando, MS 38632
      View Details

    FAQs

    What type of property is this?
    Single family property - Two homes, workshop, ponds, and wooded acreage near Hernando, MS.
    Where is this single family property located?
    The property is located at 3740 Ms-301 Hernando, MS.
    What is the asking price?
    The asking price for this property is $1,399,000.
    What are key features of this property?
    This property features: - 1. 50-acre property featuring **two homes**: a renovated 3b/2b brick home and a 3b/2b barndominium (potential rental income).; - The main home boasts extensive upgrades, including new flooring, granite countertops, updated bathroom fixtures, and a **walk-in whirlpool bathtub**.; - Outdoor amenities include a **38' x 18' in-ground pool**, a 79' x 74' brick patio with a gazebo (electric and half bath), and a lighted pergola.
    (662) 404-1190
    Request Owner's contact information
    3740 Ms-301 Hernando, MS 38632
    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.
    3740 Ms-301
    Hernando, MS 38632
    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
    3740 Ms-301 Hernando, MS 38632
    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

    We can help!
    Listing Contact
    Amy S Field
    Real Estate License ID: S60841
    (662) 404-1190 (662) 429-2442
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!