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

    5900 Hwy 305 Coldwater, MS 38618

    View on Map
    Claim this Listing
    For Sale
    $430,000

    COMMERCIAL - Coldwater, MS

    Lot size:
    2.00 Acres
    Added:
    May 22, 2025
    Days on Market:
    343
    Last Refresh:
    Apr 29 at 3:06 pm

    Property Features for 5900 Hwy 305

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    2.00 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    PT NW1/4 SW1/4 Two parcels totaling 2 Acres Tate County
    Tax Annual Amount
    1000

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Septic Needed

    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 May 22, 2025

    MLS# 4114128 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.

    Overview

    Commercial Land in Growing Community

    This 2-acre commercial tract is located in Independence, MS, on heavily traveled Hwy 305, just north of the intersection of Hwy 305 and Hwy 306. The property is mostly cleared and zoned C 1. The site consists of two parcels being sold together. One parcel is 0.22 acres and contains the Independence Post Office. The other parcel is 1.82 acres and is open and ready for development. Potential uses include a day care, convenience store, or plumbing shop. A well and septic system are currently on the property, servicing the Post Office. The USPS rents the post office at approximately $600 a month. The lease is up in 2026, with shared maintenance requirements for USPS and the building owner. This area of Tate County is growing, presenting a great opportunity for business ventures.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Auto Repair Shop Hair Salon Department Store Food Market Storage Facility Garden Center Cafe & Coffee Shop Veterinary Clinic (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Coldwater
    County
    Tate
    State
    Mississippi
    Longitude
    -89.809156
    Latitude
    34.703972

    Nearby Similar for Sale

    • $395,000

      Diverse 78-Acre Land Parcel

      Land with diverse habitat, topography, and usability in Coldwater, MS.
      0 Peyton Road, Tract 78, Coldwater, MS 38618
      View Details
    • $450,000

      Commercial Land in Growing Area

      5 acres of commercially zoned land in a growing area.
      Highway 305, Coldwater, MS 38618
      View Details
    • $900,000

      Versatile Commercial Property in Coldwater

      High-visibility Coldwater location with outstanding potential for multiuse development.
      9170 U.S. 51, Coldwater, MS 38618
      View Details
    • $300,000

      27 Acres with Pecan Trees

      27-acre property with pecan trees, ideal for homesite.
      5054 Sycamore Road, Coldwater, MS 38618
      View Details
    • $30,000

      3-Acre Land Parcel in Coldwater

      3-acre parcel with frontage on Peyton Road in Coldwater, MS.
      0 Peyton Road, Tract 3, Coldwater, MS 38618
      View Details
    • $225,000

      Commercial Land in Growing Area

      Commercial land in growing area of Independence, Coldwater, MS.
      Highway 305, Coldwater, MS 38618
      View Details
    • $60,000

      Coldwater, MS Residential Land

      5 acre lot in Coldwater, MS, near schools.
      East Tate, Coldwater, MS 38618
      View Details
    • $195,000

      Cleared Land in Coldwater, MS

      19.5 acres of cleared, flat land ready for development.
      Barr Road, Coldwater, MS 38618
      View Details
    • $640,500

      Tate County Land For Sale

      183+/- acre recreational and hunting tract in Coldwater, MS.
      656 Sunset Drive, Coldwater, MS 38618
      View Details
    • $60,000

      Cleared Lot Ready to Build

      Cleared 1.7-acre lot in scenic, convenient Coldwater location.
      152 Oak Manor Drive lot: 15, Coldwater, MS 38618
      View Details
    • $64,900

      Coldwater Land for Hunting, Building

      7.03 acres ideal for hunting and building a home.
      Lot 2 Old Memphis Oxford Road, Coldwater, MS 38618
      View Details
    • $110,000

      Coldwater, MS Land Available

      Partially timbered rectangular lot near Independence School ball fields.
      Rowell Road, Coldwater, MS 38618
      View Details

    FAQs

    What type of property is this?
    Commercial land - Two-acre commercial tract in growing area, ideal for development.
    Where is this commercial land located?
    The property is located at 5900 Hwy 305 Coldwater, MS.
    What is the asking price?
    The asking price for this property is $430,000.
    What are key features of this property?
    This property features: Located on heavily traveled Hwy 305 in a growing community.; Zoned C 1, suitable for various commercial developments like a day care, convenience store, or plumbing shop.; Includes a rental property (Independence Post Office) with existing lease providing approx. $600 monthly income until 2026.
    (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!