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    391 Southcrest Cir Southaven, MS 38671

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    For Lease
    $19 SF/Yr ($3,404 /Mo)

    2,150 RSF medical office space for rent.

    Property size:
    2,150 SF
    Lot size:
    2,150 SF

    Property Features for 391 Southcrest Cir

    General Information

    Standard status
    Active
    Size
    2,150 SF

    We can help!

    Listing Contact
    Don Drinkard
    Don Drinkard
    Source: Cbre

    Listing Agent: Don Drinkard

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Southaven Medical Office Space Available

    Located in the medical hub of Southaven, MS, this property offers 2,150 RSF of available space. The location is surrounded by an abundance of restaurants, retail options, and hotels.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Family Cancer Center: ... Medical Clinic Kyle A. Smith, MD Physician Dr. Aileen Gayoso, ... Physician Aaron Bond Physician Kraus David H ... Physician

    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.

    Similar Places Nearby

    Allan Katherine MD, Stateline Animal Clinic: Share Elizabeth DVM, Stateline Animal Clinic

    Location Insight

    • Map
    • Local Demand
    City
    Southaven
    County
    DeSoto
    State
    Mississippi
    Longitude
    -89.999381
    Latitude
    34.969069

    Nearby Similar for Lease

    • Contact for pricing

      Southaven Retail and Restaurant Spaces

      Upscale outlet center with retail and restaurant spaces for lease.
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      Retail Space in Stateline Square

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      Southaven Shopping Center Retail Space

      Retail spaces available in a busy Southaven shopping center.
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      Medical Office Park Near I-55

      Medical office space for lease near Baptist DeSoto Hospital.
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      Office Space on Goodman Road

      Office space for rent in a high-traffic location.
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      Southaven Office and Retail Space

      Office and retail space in the heart of Southaven.
      232 Goodman Rd, Southaven, MS 38671
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      Retail Space in Prime Location

      9,862 SF retail space in Southaven, MS corridor.
      7065 Airways Blvd, Southaven, MS 38671
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      Retail Space in Southaven, MS

      Neighborhood shopping center with excellent visibility on Goodman Road.
      1055 Goodman Rd, Southaven, MS 38671
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      2,133 SF

      Southaven Office/Retail Space For Lease

      2,133 SF space in a popular mixed-use center.
      5960 Getwell Rd, Southaven, MS 38672
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    • $2,000,000
      9,545 SF

      Retail Space Available For Lease

      9,545 SF retail space for lease at $19.00/SF/yr.
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    • $15 SF/Yr
      15,000 SF

      Southaven Flex Space For Rent

      15,000 SF flex space available for lease.
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    FAQs

    What type of property is this?
    Medical Office Space - 2,150 RSF medical office space for rent.
    Where is this medical office space located?
    The property is located at 391 Southcrest Cir Southaven, MS.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: - Located in the center of the medical hub of Southaven, MS; - 2,150 RSF Available; - Surrounded by an abundance of restaurants
    (901) 260-1058
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    391 Southcrest Cir Southaven, MS 38671
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    Southaven, MS 38671
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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
    391 Southcrest Cir Southaven, MS 38671
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    We can help!
    Listing Contact
    Don Drinkard
    Don Drinkard
    (901) 260-1058 (901) 496-9879
    Learn more
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