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    5155 Goodman Rd Olive Branch, MS 38654

    For Sale
    $8,665,000

    Retail center with strong national tenant mix in Olive Branch.

    Property size:
    36,193 SF
    Lot size:
    4.64 Acres

    Property Features for 5155 Goodman Rd

    General Information

    Size
    36,193 SF
    Lot size
    4.64 Acres

    Source: Sands Investment Group (SIG) | Austin Agent Ethan Offenbecher

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

    Overview

    Fully Occupied Retail Center

    This fully occupied retail center is located in Olive Branch, Mississippi, within the Memphis metro area. Situated on 2.76 acres, the property features a gross leasable area of 38,330 square feet. The center benefits from high visibility and accessibility, with a traffic count of 30,000 vehicles per day. The tenant mix includes Planet Fitness, Orange Theory, Mathnasium, and Tropical Smoothie (opening 5/1/25). The location is near Target, TJ Maxx, Ross, Michaels, Home Goods, Ulta, Hobby Lobby, and Academy. Olive Branch is a fast-growing city and offers access to a robust economic hub. Desoto County is the distribution capital of the US, located within 500 miles of 70% of the nation’s population. Olive Branch's population grew by 23% from 2020 to 2024, with a median household income of $93,762. The submarket vacancy is 1.7%. Olive Branch offers easy access to Memphis International Airport (11 miles north) and other major logistic hubs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    Coinstar Kiosk | Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Olive Branch
    County
    DeSoto
    State
    Mississippi
    Longitude
    -89.895025
    Latitude
    34.960382

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    FAQs

    What type of property is this?
    Shopping center - Retail center with strong national tenant mix in Olive Branch.
    Where is this shopping center located?
    The property is located at 5155 Goodman Rd Olive Branch, MS.
    What is the asking price?
    The asking price for this property is $8,665,000.
    What are key features of this property?
    This property features: - 100% Occupied With Strong National Tenant Mix including Planet Fitness, Orange Theory, and Mathnasium.; - Located in a rapidly growing area: Olive Branch population grew 23% from 2020-2024 with a high median household income of $93,762.; - Prime location on 2.76 acres with 38,330 SF gross leasable area and high visibility with 30k vehicles per day.
    (737) 205-2056
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    5155 Goodman Rd Olive Branch, MS 38654
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    Olive Branch, MS 38654
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    Realmo Value Estimation

    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.

    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.

    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
    5155 Goodman Rd Olive Branch, MS 38654
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