Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Getwell Rd & Frst Bnd Dr Southaven, MS

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Proposed single-story office buildings available for lease.

    Property size:
    1,937 SF
    Lot size:
    1.57 Acres

    Property Features for Getwell Rd & Frst Bnd Dr

    General Information

    Size
    1,937 SF
    Lot size
    1.57 Acres

    We can help!

    Listing Contact
    Hurston Reed
    Hurston Reed
    Source: Moodyscre

    Listing Agent: Hurston Reed

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

    Learn more

    Overview

    Freestanding Office Buildings For Lease

    Two proposed freestanding single-story office buildings are available for lease, with spaces ranging from 1,937 to 3,875 square feet for each building. The property is adjacent to a Baskin-Robbins currently under construction. It is located in close proximity to Desoto County Schools with over 4,000 students, Snowden Grove District, the Silo Square development, and various new retailers. The location benefits from a traffic count of 24,000 AADT on Getwell Road.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Map

    City
    Southaven
    County
    DeSoto
    State
    Mississippi
    Longitude
    -90.008148
    Latitude
    34.954765

    Nearby Similar for Lease

    • Contact for pricing
      802,091 SF

      Spacious Industrial Warehouse For Rent

      802,091 SF warehouse divisible at 389,316 SF.
      711 Venture Dr, Southaven, MS 38672
      View Details
    • Contact for pricing
      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
      View Details
    • $13 SF/Yr
      13,225 SF

      Former Pharmacy Retail Space Available

      Freestanding retail building in Southaven, MS, for sublease.
      2945 Goodman Rd E, Southaven, MS 38672
      View Details
    • $7 SF/Yr
      18,400 SF

      Desoto Plaza: Medical Office Space

      Main Street Southaven Medical Offices
      1219 Main St, Southaven, MS 38671
      View Details
    • Contact for pricing
      324,801 SF

      Southaven Retail Space Available

      Tanger Outlets: Prime Retail Opportunity
      5205 Airways Blvd, Southaven, MS 38671
      View Details
    • Contact for pricing
      567,640 SF

      Southaven Towne Center Retail Space

      Prime MS Retail Center, 567K SF
      6474 Towne Center Loop, Southaven, MS 38671
      View Details
    • Contact for pricing
      24,584 SF

      Stateline Road Retail Space

      Southaven, MS Retail Center - 24,584 SF
      550 Stateline Rd, Southaven, MS 38671
      View Details
    • Contact for pricing
      1 SF

      Southaven Retail Pad Site Available

      High-traffic location, 0.6-acre lot.
      1160 Goodman Rd, Southaven, MS 38671
      View Details
    • Contact for pricing
      9,100 SF

      Silo Square: Southaven Retail Space

      Prime Southaven retail opportunity. Multiple suites available.
      6233 Getwell Rd, Southaven, MS 38672
      View Details
    • $12 SF/Yr
      5,000 SF

      Prime Flex Space: Southaven, MS

      5,000 SF Flex Space - High Visibility
      7074 302 Industrial Dr, Southaven, MS 38671
      View Details
    • Contact for pricing
      350,356 SF

      Southaven Industrial Space For Lease

      350,356 SF industrial space with convenient logistics access.
      262 Marathon Way, Southaven, MS 38671
      View Details
    • Contact for pricing
      104,845 SF

      Southaven Commons Retail Space

      Prime Southaven retail space, multiple units available.
      775-975 Goodman Rd, Southaven, MS 38671
      View Details

    FAQs

    What type of property is this?
    Office building - Proposed single-story office buildings available for lease.
    Where is this office building located?
    The property is located at Getwell Rd & Frst Bnd Dr Southaven, MS.
    What are key features of this property?
    This property features: - Freestanding single-story office buildings; - Flexible space available: **1,937 SF to 3,875 SF per building**; - High traffic location with **24,000 AADT on Getwell Rd.**
    (703) 893-5141
    Request Owner's contact information
    Getwell Rd & Frst Bnd Dr Southaven, MS
    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.
    Getwell Rd & Frst Bnd Dr
    Southaven, MS
    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
    Getwell Rd & Frst Bnd Dr Southaven, MS
    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
    Hurston Reed
    Hurston Reed
    (703) 893-5141
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.