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    Vacant Land Near Alden Lake Title is generated by Realmo AI

    W Alden Lake Dr., Horn Lake, MS 38637

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    Pending
    $36,000

    LAND - Horn Lake, MS

    Lot size:
    1.76 Acres
    Added:
    Mar 2, 2026
    Days on Market:
    93
    Last Refresh:
    Jun 3 at 3:06 pm

    Property Features for W Alden Lake Dr.

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    Unassigned
    Lot size
    1.76 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    PART OF THE SOUTHWEST QUARTER OF THE NORTHWEST QUARTER OF SECTION 11, TOWNSHIP 2 SOUTH, RANGE 8 WEST, DESOTO COUNTY, MISSISSIPPI AS SHOWN ON THE PLAT OF SURVEY PREPARED BY SKEEN ENGINEERING DATED FEBRUARY 20, 2026 (BEARINGS REFERENCED TO MISSISSIPPI STATE PLANE COORDINATE SYSTEM, GRID WEST ZONE, NAD 83 BY RTK GPS OBSERVATION) AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE COMMONLY ACCEPTED NORTHWEST CORNER OF SAID SECTION 11; THENCE NORTH 90 degrees 00'00'' EAST A DISTANCE OF 1230.19 FEET TO A POINT; THENCE SOUTH 0 degrees 00'00'' EAST A DISTANCE OF 2121.79 FEET TO A FOUND IRON ROD WITH CAP MARKED JONES DAVIS MARKING THE NORTHWEST CORNER OF LOT 46 OF THE GARDENS OF TRUMAN FARMS PHASE 2 AS SHOWN IN PLAT BOOK 129, PAGE 17 OF RECORD IN THE CHANCERY CLERK'S OFFICE OF DESOTO COUNTY, MISSISSIPPI AND BEING THE POINT OF BEGINNING OF THE TRACT OF LAND HEREIN BEING DESCRIBED; THENCE, ALONG THE WEST LINE OF SAID SUBDIVISION, SOUTH 3 degrees 15'33'' WEST A DISTANCE OF 132.94 FEET TO A FOUND 1/2'' IRON ROD; THENCE SOUTH 3 degrees 13'44'' WEST A DISTANCE OF 189.06 FEET TO A 1/2'' REBAR SET WITH CAP MARKED WITH MS 2903 TN 2637; THENCE, LEAVING SAID WEST LINE, NORTH 59 degrees 55'08'' WEST A DISTANCE OF 102.57 FEET TO A 1/2'' REBAR SET WITH CAP MARKED WITH MS 2903 TN 2637; THENCE NORTH 1 degrees 16'47'' WEST A DISTANCE OF 189.59 FEET TO A 1/2'' REBAR SET WITH CAP MARKED WITH MS 2903 TN 2637; THENCE NORTH 10 degrees 06'04'' WEST DISTANCE OF 99.83 FEET TO A 1/2'' REBAR SET WITH CAP MARKED WITH MS 2903 TN 2637; THENCE NORTH 81 degrees 41'04''
    Tax Annual Amount
    133

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Water source
    Public
    Water front
    1

    We can help!

    Listing Contact
    Ken A Cannon

    Listing agent Ken A Cannon License #S-54490

    Listing office Crye-Leike Of MS-SH 1320 Goodman Road E, Southaven, MS

    Listing date Mar 2, 2026

    MLS# 4140906 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.

    HighLights

    • Located near Church Road and Highway 51, directly across from the lake.
    • 1.76‑acre parcel.
    • Public water source available.
    • Public sewer available.
    • Cable available.
    • Suitable for a weekend retreat or investment opportunity.

    Overview

    This 1.76-acre parcel of vacant land is located near Church Road and Highway 51, directly across from the lake. The property offers a setting suitable for a weekend retreat or investment opportunity. It provides access to major roads while being close to nature. The property was previously in a tax sale, and title insurance may not be available. The seller prefers to convey via a quit claim deed. The property is being sold ''As Is''. It is located in Horn Lake, Mississippi, in the 38637 postal code area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Horn Lake
    County
    DeSoto
    State
    Mississippi
    Longitude
    -90.021037
    Latitude
    34.927942

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    FAQs

    What type of property is this?
    Land - 1.76 acres of vacant land near Church Road and Highway 51.
    Where is this land located?
    The property is located at W Alden Lake Dr. Horn Lake, MS.
    What is the asking price?
    The asking price for this property is $36,000.
    What are key features of this property?
    This property features: Located near Church Road and Highway 51, directly across from the lake.; 1.76‑acre parcel.; Public water source available.
    (901) 598-1600
    We can help!
    Listing Contact
    Ken A Cannon
    Real Estate License ID: S-54490
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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.

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