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

    Cobblestone Blvd N Southaven, MS 38672

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land near amenities in fast-growing Southaven, Mississippi.

    Lot size:
    0.71 Acres

    Property Features for Cobblestone Blvd N

    General Information

    Lot size
    0.71 Acres

    We can help!

    Listing Contact
    Roger Mclemore
    Roger Mclemore
    Source: Moodyscre

    Listing Agent: Roger Mclemore

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

    Learn more

    Overview

    Prime Land in Growing Southaven

    This land is situated in Southaven, one of the fastest-growing cities in the Southeastern U.S. Its location provides convenient access to North Mississippi, I-55, I-22, Interstate 240, and Memphis, and is located one turn off Goodman Rd, just east of Getwell Road. The property is in close proximity to Desoto Central Elementary, Middle and High School, which has over 4,000 students, Snowden Grove Sports Complex, Amphitheater and the new Silo Square mixed-use development. Several restaurants are located nearby, including Chick-fil-A, Mi Pueblo, Georgia Blue, Tekila, Whataburger, Central BBQ, Slim Chickens, and Staks Pancake Kitchen. The average daily traffic count along Goodman Rd is 38,000 vehicles per day. Southaven has a population of approximately 43,000, with DeSoto County's population being approximately 175,000. Traffic Counts (AADT) are Getwell Rd 24,000 and Goodman Rd 38,000. The current business park features a law firm, medical office, family wellness center, insurance office, real estate office, CPA, and mortgage brokerage.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Southaven
    County
    DeSoto
    State
    Mississippi
    Longitude
    -89.927284
    Latitude
    34.960333

    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
      5,000 SF

      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
    • $990,000

      Highly Successful Vet Practice For Sale

      Prime Southaven Location, High Growth Area
      5165 Getwell Rd, 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
    • 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
    • Contact for pricing
      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
    • $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
    • Contact for pricing

      128-Unit Apartment Community in Southaven

      Multifamily property with Section 8 subsidy in Memphis MSA.
      1725 Dorchester Dr, Southaven, MS 38671
      View Details

    FAQs

    What type of property is this?
    Land - Land near amenities in fast-growing Southaven, Mississippi.
    Where is this land located?
    The property is located at Cobblestone Blvd N Southaven, MS.
    What are key features of this property?
    This property features: - Convenient location with easy access to I-55, I-22, I-240, and Memphis.; - Close proximity to Desoto Central Elementary, Middle, and High School.; - Located near Snowden Grove Sports Complex, Amphitheater, and Silo Square mixed-use development.
    (901) 683-2220 Call to check price and availability
    Request Owner's contact information
    Cobblestone Blvd N Southaven, MS 38672
    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.
    Cobblestone Blvd N
    Southaven, MS 38672
    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
    Cobblestone Blvd N Southaven, MS 38672
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Roger Mclemore
    Roger Mclemore
    (901) 683-2220 (901) 507-3428
    Learn more
    Google sign-in failed. Please try again or use another login method.