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

    Summers Creek Rd, Unit 3 Olive Branch, MS 38654

    View on Map
    Sponsored
    Pending
    $68,000

    LAND - Olive Branch, MS

    Type:Single Family Residence
    Lot size:
    1.71 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 23 at 1:06 pm

    Property Features for Summers Creek Rd

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Pending
    APN
    Unassigned
    Lot size
    1.71 Acres

    Utilities

    Water front
    1

    We can help!

    Listing Contact
    Daniel D Ray

    RE/MAX Realty Group

    Listing agent Daniel D Ray License #S-50967

    Listing date Mar 22, 2026

    MLS# 4141964

    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

    Olive Branch Homesite Opportunity

    This 1.71-acre homesite, identified as Lot 3 in Sullivan Minor Subdivision, is located in Olive Branch, Mississippi. The property is situated off Pleasant Hill Road, near the Summer Place subdivision. It offers a setting suitable for building a custom home, while remaining conveniently accessible to town amenities. A minimum home size of 2,000 square feet is required, intended to maintain quality within the subdivision. This lot presents an opportunity to plan a future home in a desirable Olive Branch location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Olive Branch
    County
    DeSoto
    State
    Mississippi
    Longitude
    -89.897847
    Latitude
    34.923895

    Nearby Similar for Sale

    • $185,000
      3,400 SF

      Commercial Site in Olive Branch

      Commercial site with building on Highway 178 and Maywood.
      8205 Highway 178, Olive Branch, MS 38654
      View Details
    • $3,500,000
      5,570 SF

      Modern Gas Station and Store

      High-performing gas station and convenience store in Olive Branch, MS.
      7641 Hacks Cross Rd, Olive Branch, MS 38654
      View Details
    • New
      $899,900
      5,542 SF

      Olive Branch Multi-Family Home

      Spacious home with guest house on 2.75 acres.
      268 Bonnie Blue Cv, Olive Branch, MS 38654
      View Details
    • $120,000
      0.74 Acres

      Olive Branch Office Potential Land

      Land with office potential in Olive Branch, Mississippi.
      Westbranch Rd, Olive Branch, MS 38654
      View Details
    • $2,200,000

      Freestanding Restaurant with Drive-Thru

      2,930 SF restaurant with drive-thru on Hacks Cross Road.
      7015 Hacks Cross Rd, Olive Branch, MS 38654
      View Details
    • Contact for pricing

      New Retail Strip Center

      New retail strip center in high-traffic industrial area.
      9150 Hacks Cross Rd, Olive Branch, MS 38654
      View Details
    • Contact for pricing

      Olive Branch Retail Center For Sale

      69,025 SF retail center in Olive Branch, Mississippi.
      7037-7169 Hacks Cross Rd, Olive Branch, MS 38654
      View Details
    • Contact for pricing

      Olive Branch Retail Center For Sale

      42,000 SF retail center with available spaces.
      7108-7164 Hacks Cross Rd, Olive Branch, MS 38654
      View Details
    • Contact for pricing

      Professional Office Building For Sale

      Two-story office building ideal for medical, professional, or service users.
      7289 Goodman Rd, Olive Branch, MS 38654
      View Details
    • $3,750,000
      43,309 SF

      Olive Branch Industrial Facility

      43,309 SF industrial building with expansion potential.
      8472 Industrial Dr, Olive Branch, MS 38654
      View Details
    • Contact for pricing

      Industrial Warehouses Near Olive Branch Airport

      Two 82,500 SF industrial warehouses for sale near Olive Branch.
      10665 Ridgeway Industrial Dr, Olive Branch, MS 38654
      View Details
    • $249,900

      Office and Warehouse Space Available

      Office suites with warehouse space on a 1.42-acre lot.
      9320 Railroad Ave, Olive Branch, MS 38654
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.71 acre homesite to build your custom dream home.
    Where is this residential land & home lot located?
    The property is located at Summers Creek Rd, Unit 3 Olive Branch, MS.
    What is the asking price?
    The asking price for this property is $68,000.
    What are key features of this property?
    This property features: - 1.71 acre homesite for your dream home.; - Located in Olive Branch, offering a peaceful setting.; - Convenient to town amenities.
    (901) 426-4906
    Request Owner's contact information
    Summers Creek Rd, Unit 3 Olive Branch, MS 38654
    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.
    Summers Creek Rd, Unit 3
    Olive Branch, MS 38654
    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
    Summers Creek Rd, Unit 3 Olive Branch, MS 38654
    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
    Daniel D Ray
    Real Estate License ID: S-50967
    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!