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    7122 Highway 301 N Horn Lake, MS 38637

    View on Map
    Sponsored
    For Lease
    $1,000 /Mo ($13 SF/Yr)

    COMMERCIAL - Horn Lake, MS

    Type:Retail
    Property size:
    900 SF
    Lot size:
    1.33 Acres
    Days on Market:
    20
    Last Refresh:
    Mar 23 at 11:06 am

    Property Features for 7122 Highway 301 N

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active
    Rooms
    Bathroom 1
    APN
    Unassigned
    Parking
    4
    Size
    900 SF
    Lot size
    1.33 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1988
    Floors in Building
    1
    Flooring type
    Laminate
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Donnie R Chambliss
    Donnie R Chambliss

    crye-leike realtors

    Listing agent Donnie R Chambliss License #B-22953

    Listing date Mar 3, 2026

    MLS# 4138134

    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

    Retail/Office Space For Lease

    This commercial retail/office space is available for lease on the northeast corner of MS Highway 302 (Goodman Rd) and MS Hwy 301. It is located in a single-story, multi-tenant strip center featuring a mix of retail, restaurant, and convenience store uses. The available space is approximately 900 square feet and includes a 28 x 21 main retail area with updated paint, LVP floors, four outlets spaced five feet apart on each side wall, and four front windows. Plumbing is available for three salon wash basins and a sink along the back wall. The space also includes a 12 x 10 back office work area with plumbing, a 5 x 5 restroom, and a 5 x 5 utility room. Additional features include a digital programmable thermostat, separate meters, and handicap-accessible front door parking. The property has a new HVAC system, furnace, and roof. A dry cleaner is located in the adjacent space. Part of the Lily Plaza Commercial Center, the property offers visibility from the high-traffic MS Hwy 301, just north of MS Hwy 302. The location benefits from several new residential construction developments in the surrounding area. The landlord covers taxes, insurance, and water, while the tenant is responsible for utilities. The lot size is 1.33 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Horn Lake
    County
    DeSoto
    State
    Mississippi
    Longitude
    -90.095664
    Latitude
    34.963933

    Nearby Similar for Lease

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      Retail Space in Bullfrog Center

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    FAQs

    What type of property is this?
    Strip mall - Multi-tenant retail/office space available in Horn Lake, MS.
    Where is this strip mall located?
    The property is located at 7122 Highway 301 N Horn Lake, MS.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: - High-visibility location at the NE corner of MS Highway 302 and MS Hwy 301, with significant traffic flow.; - **Move-in ready 900sf +/- space with updated paint, LVP floors, and new HVAC, furnace, and roof.**; - Plumbing already in place for salon wash basins and sink, suitable for salon or similar business.
    (901) 355-2074
    Request Owner's contact information
    7122 Highway 301 N Horn Lake, MS 38637
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    Horn Lake, MS 38637
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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
    7122 Highway 301 N Horn Lake, MS 38637
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    We can help!
    Listing Contact
    Donnie R Chambliss
    Donnie R Chambliss
    Real Estate License ID: B-22953
    Learn More
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