Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Highway 51 N Horn Lake, MS

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    4.13 acre land parcel available in Horn Lake, MS.

    Type:LAND
    Lot size:
    4.13 Acres
    Added:
    May 15, 2024
    Days on Market:
    705
    Last Refresh:
    Apr 5 at 11:20 pm

    Property Features for Highway 51 N

    General Information

    Standard status
    Active
    Lot size
    4.13 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Daniel McPhail
    Daniel McPhail

    Listing agent Daniel McPhail

    Listing office NAI Saig Company - Memphis

    Listing date May 15, 2024

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of NAI Saig Company - Memphis

    Overview

    Land For Sale Horn Lake

    This property is a 4.13-acre land parcel.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Horn Lake
    County
    DeSoto
    State
    Mississippi
    Longitude
    -89.9959
    Latitude
    34.8815

    Nearby Similar for Sale

    • $799,000
      2,786 SF

      Former Bank Building on Goodman

      2786 SF commercial building with drive-thru and ample parking.
      2304 Goodman Road, Horn Lake, MS 38637
      View Details
    • $325,000

      Horn Lake Commercial Land Opportunity

      High-traffic commercial land with potential office conversion.
      6501 U.S. 51, Horn Lake, MS 38637
      View Details
    • $530,000
      435,600 SF

      Horn Lake Commercial Land Available

      Cleared, level land suitable for commercial development in Horn Lake.
      Highway 51, Horn Lake, MS 38637
      View Details
    • $36,000

      Vacant Land Near Alden Lake

      1.76 acres of vacant land near Church Road and Highway 51.
      W Alden Lake Dr., Horn Lake, MS 38637
      View Details
    • $700,000
      206,910 SF

      Horn Lake Commercial Land Opportunity

      4.75-acre commercial land with approved site plan.
      4683 Goodman Road, Horn Lake, MS 38637
      View Details
    • $135,000

      Horn Lake Land with Pond

      6.49-acre Horn Lake parcel with pond and utilities.
      Horn Lake Rd lot: 4, Horn Lake, MS 38637
      View Details
    • Contact for pricing
      3,986 SF

      Horn Lake Retail Space Available

      3,986 SF retail space with excellent visibility and access.
      3878 Goodman Road, Horn Lake, MS 38637
      View Details
    • $885,000
      1 SF

      Prime Outparcel on Goodman Road

      1.11-acre outparcel on Goodman Road, Horn Lake, Mississippi.
      4482 Goodman Road, Horn Lake, MS 38637
      View Details
    • $149,900

      Wooded Land on MS-301

      9.1 acre wooded site suitable for residential development.
      0 Hwy-301, Horn Lake, MS 38637
      View Details
    • $3,709,593
      4,503 SF

      Horn Lake Medical Investment Opportunity

      NNN leased medical office in growing Memphis suburb.
      4033 Fountain Ln, Horn Lake, MS
      View Details
    • $1,600,000

      Horn Lake Commercial Properties For Sale

      Three versatile commercial properties ideal for retail, flex, and industrial use.
      2205 Goodman Road West, Horn Lake, MS 38637
      View Details
    • $2,254,483
      4,190 SF

      Hooters NNN Lease Opportunity

      Long-term corporate Hooters absolute NNN lease in Horn Lake, MS.
      982 Goodman Rd, Horn Lake, MS 38637
      View Details

    FAQs

    What type of property is this?
    Land - 4.13 acre land parcel available in Horn Lake, MS.
    Where is this land located?
    The property is located at Highway 51 N Horn Lake, MS.
    What is the asking price?
    The asking price for this property is $309,750.
    What are key features of this property?
    This property features: 4.13 acre lot available.; Property type: land.; Sale price: $309,750.
    (901) 526-3100 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Daniel McPhail
    Daniel McPhail
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!