Sign Up Successful!
You now have access to more from Realmo!
    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

    Airways Blvd, Unit 2 Southaven, MS 38671

    Sponsored
    For Sale
    $1,450,000

    LAND - Southaven, MS

    Lot size:
    2.80 Acres
    Days on Market:
    147
    Last Refresh:
    Jan 23 at 8:06 pm

    Property Features for Airways Blvd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    Unassigned
    Lot size
    2.80 Acres

    Utilities

    Sewer type
    Private Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Lisa H. H Smith

    crye-leike realtors (662) 985-0043

    Listing agent Lisa H. H Smith License #S-24261

    Listing date Aug 30, 2025

    MLS# 4120965

    Copyright © 2025 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

    Multi-Use Land in Southaven, MS

    This property is located in Southaven, MS, and is zoned for multi-use within the medical area. The 2.8-acre lot is situated within minutes of Baptist Desoto, I-55, and the airport. The property is planned to have a bottom floor consisting of 12,000 square feet of commercial space. The second and third floors are planned to consist of 24 one-bedroom lofts. All utilities are on site. It is ideal for a doctor or medical support services.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Southaven
    County
    DeSoto
    State
    Mississippi
    Longitude
    -89.98914
    Latitude
    34.977973

    Nearby Similar for Sale

    • $990,000

      Veterinary Practice in Growing Area

      Successful veterinary practice for sale in rapidly growing North Mississippi.
      5165 Getwell Rd, Southaven, MS 38671
      View Details
    • $475,000
      Pending

      Turnkey Rental Portfolio in Southaven

      Three income-producing properties, fully rented, generating steady monthly cash flow.
      8694 Bunker Hill Dr, Southaven, MS 38671
      View Details
    • $425,000
      3,754 SF

      Versatile Commercial Building in Southaven

      Multi-purpose building with studio, offices, and flex space.
      1310 E Goodman Rd, Southaven, MS 38671
      View Details
    • $999,990
      Pending

      Southaven Commercial Property For Sale

      Two office buildings on 1.2 acres in high-demand area.
      5185 Getwell Rd, Southaven, MS 38672
      View Details
    • $160,000
      1,100 SF

      Southaven Commercial Property For Sale

      Commercial property with potential for various uses in Southaven, MS.
      55 E Stateline Rd, Southaven, MS 38671
      View Details
    • $1,500,000
      4,958 SF

      Former Bank Branch on Airways

      Former bank branch in high-traffic retail corridor.
      7100 Airways Blvd, Southaven, MS 38671
      View Details
    • $1,295,745
      9,750 SF

      Southaven Office Investment Opportunity

      9,750 SF office building in Southaven, Mississippi for sale.
      1926 First Commercial Dr, Southaven, MS 38671
      View Details
    • $595,000
      7,150 SF

      7,150 SF Investment Property

      High-visibility, 100% occupied retail property on 0.75-acre corner parcel.
      1765-1799 Main St, Southaven, MS 38671
      View Details
    • Contact for pricing
      40,000 SF

      New Hotel Near I-55

      92-room hotel with modern amenities, opening mid-2021.
      6863 Hospitality Ln, Southaven, MS 38671
      View Details
    • $299,900
      41,382 SF

      Southaven Commercial Land Opportunity

      Prime 0.95-acre lot, ideal for development.
      10 Airways Blvd, Southaven, MS 38671
      View Details
    • $650,000
      43,125 SF

      High-Visibility Retail Lot, Southaven

      Prime I-55 location, high traffic count.
      420 Church Rd Rd, Southaven, MS 38671
      View Details
    • $990,000

      Highly Successful Vet Practice For Sale

      Prime Southaven Location, High Growth Area
      5165 Getwell Rd, Southaven, MS 38671
      View Details

    FAQs

    What type of property is this?
    Medical office - Land zoned for multi-use in Southaven's medical area.
    Where is this medical office located?
    The property is located at Airways Blvd, Unit 2 Southaven, MS.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: - Prime location within the medical area of Southaven.; - Zoned for multi-use, offering flexible development options.; - Close proximity to Baptist Desoto hospital, I-55, and the airport.
    (901) 351-7355
    Request Owner's contact information
    Airways Blvd, Unit 2 Southaven, MS 38671
    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.
    Airways Blvd, Unit 2
    Southaven, MS 38671
    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
    Airways Blvd, Unit 2 Southaven, MS 38671
    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
    Lisa H. H Smith
    Real Estate License ID: S-24261
    (901) 351-7355
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.