Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Batesville Commercial Opportunity For Sale Title is generated by Realmo AI

    124 Patton Lane, Batesville, MS 38606

    View on Map
    Claim this Listing
    New
    For Sale
    $63,000

    Commercial - Batesville, MS

    Property size:
    2,940 SF
    Lot size:
    0.94 Acres
    Price / SF:
    $21/SF
    Added:
    May 11, 2026
    Days on Market:
    4
    Last Refresh:
    May 14 at 10:06 am

    Property Features for 124 Patton Lane

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Batesville - R-2
    Parking
    30
    Interior features
    Cable Tv Available, Electric-circuit Breaker
    Exterior features
    Freestanding Sign
    Standard status
    Active
    Size
    2,940 SF
    Lot size
    0.94 Acres

    Utilities

    Utilities
    Cable Available, Electricity Available
    Heating system
    Central, Natural Gas
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1984
    Building materials
    Masonite
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Greg Franklin

    Listing agent Greg Franklin

    Listing office Batesville Realty 314-B Hwy 51 North, Batesville, MS

    Listing date May 11, 2026

    MLS# 160819 Listing URL

    Copyright © 2026 North Central Mississippi Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Excellent opportunity for a church site.
    • Potential conversion to an event center or recreation hall.
    • Located directly across the street from Patton Lane Park.
    • Central heating and cooling.
    • Natural gas heating available.
    • Freestanding sign included.

    Overview

    This commercial property, located in Batesville, MS, presents an opportunity for relocation to a permanent church site. The property, with a size of 2940 square feet and situated on a 0.94-acre lot, could be converted into an event center or recreation hall for youth. It is located directly across the street from Patton Lane Park. The zoning is Batesville - R-2.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Batesville
    County
    Panola
    State
    Mississippi
    Longitude
    -89.961542
    Latitude
    34.320718

    Nearby Similar for Sale

    • $87,000
      3,200 SF

      Batesville Commercial Property For Sale

      3,200 square foot commercial property in the heart of Batesville.
      231 Vance Street, Batesville, MS 38606
      View Details
    • $525,000
      3,552 SF

      Batesville Multi-Family Investment Opportunity

      Multi-family property near Batesville Courthouse with expansion potential.
      100 Potts St, Batesville, MS 38606
      View Details
    • $89,000
      1,927 SF

      Historic Batesville Commercial Building For Sale

      Historic 1927 SF commercial building near Batesville Town Square.
      102 PANOLA AVE., Batesville, MS 38606
      View Details
    • $125,000
      3,780 SF

      Batesville Commercial Property For Sale

      Commercial property with high visibility location in Batesville, Mississippi.
      147 Highway 51 North, Batesville, MS 28606
      View Details
    • $365,200

      91.3 Acres in Batesville, MS

      91.3 acre property ideal for hay, grazing, or recreation.
      Henderson Rd, Batesville, MS 38606
      View Details
    • $1,600,000
      18,500 SF

      Batesville Industrial Facility Near I-55

      18,500 SF facility on 2 acres near I-55.
      369 Enterprise Drive, Batesville, MS 38606
      View Details
    • $650,000
      5,316 SF

      Batesville Multi-Family Investment Opportunity

      Five-unit condo-style rentals with expansion potential in Batesville, MS.
      911 Boothe St, Batesville, MS 38606
      View Details
    • Contact for pricing
      22,500 SF

      Industrial Warehouse on 5.6 Acres

      22,500 SF industrial building with expansion potential.
      120 Crown Drive, Batesville, MS, 38606
      View Details
    • Contact for pricing
      90,000 SF

      Industrial Building in Batesville, MS

      90,000 SF industrial building built in 1989 for sale.
      875 Hwy 51 S, Batesville, MS
      View Details

    FAQs

    What type of property is this?
    Church & religious facility - Commercial property suitable for church, event center, or recreation hall.
    Where is this church & religious facility located?
    The property is located at 124 Patton Lane Batesville, MS.
    What is the asking price?
    The asking price for this property is $63,000.
    What are key features of this property?
    This property features: Excellent opportunity for a church site.; Potential conversion to an event center or recreation hall.; Located directly across the street from Patton Lane Park.
    (662) 457-8119
    We can help!
    Listing Contact
    Greg Franklin
    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

    Thank You for Inquiry
    124 Patton Lane, Batesville, MS 38606
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!