Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Southaven Commercial Building For Lease Title is generated by Realmo AI

    8727 Northwest Drive, Southaven, MS 38671

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

    3,399 SF suite available in a prime Southaven location.

    Type:OFC
    Property size:
    7,500 SF
    Added:
    Feb 17, 2022
    Days on Market:
    1556
    Last Refresh:
    Apr 3 at 4:59 am

    Property Features for 8727 Northwest Drive

    General Information

    Standard status
    Active
    Size
    7,500 SF
    Property subtype
    OFC

    Building Details

    Year Built
    1986

    Spaces For Lease

    at 8727 Northwest Drive Contact us

    We can help!

    Listing Contact
    Rhodes Thompson

    Listing agent Rhodes Thompson

    Listing office Keller Williams Realty - Memphis

    Listing date Feb 17, 2022

    Source Realnex

    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 Keller Williams Realty - Memphis

    HighLights

    • Prime location in Southaven's thriving commercial corridor.
    • Excellent visibility and accessibility.
    • 3,399 +/- SF Suite A available for lease.
    • Flexible space suitable for retail, office, or service‑oriented businesses.
    • C‑3 zoning allowing a wide range of commercial uses.
    • 7,500 +/- SF commercial building.

    Overview

    Located at 8727 Northwest Drive in Southaven, MS, this commercial building offers excellent visibility and accessibility. The building has a total area of 7,500 square feet. Suite A, comprising 3,399 square feet, is currently available for lease, providing flexible space suitable for retail, office, or service-oriented businesses. The property benefits from C-3 zoning, allowing a wide range of commercial uses. Positioned within Southaven’s thriving commercial corridor, this site presents an outstanding opportunity for businesses seeking a well-located space with modern appeal and growth potential.
    Location Intelligence

    Current Use by Public Records

    True Medical Testing Drug Testing Service Main Street Clinical ... Medical Laboratory American Testing LLC Corporate Office Southaven ABM Office Landscaping

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Southaven
    County
    DeSoto
    State
    Mississippi
    Longitude
    -90.005286
    Latitude
    34.987998

    Nearby Similar for Lease

    • Contact for pricing
      324,801 SF

      Southaven Retail and Restaurant Spaces

      Upscale outlet center with retail and restaurant spaces for lease.
      5205 Airways Blvd, Southaven, MS 38671
      View Details
    • $7 SF/Yr

      Retail Space in Stateline Square

      Prime retail location off Interstate 55 in Southaven, MS.
      550 Stateline Road, Southaven, MS 38671
      View Details
    • Contact for pricing
      1,200 SF

      Prime Retail/Office Space Available

      Turn-key office space near major tenants, high visibility location.
      521 Stateline Road, Southaven, MS 38671
      View Details
    • $19 SF/Yr
      1,206 SF

      Medical Office Park Near I-55

      Medical office space for lease near Baptist DeSoto Hospital.
      7900 Airways Boulevard, Southaven, MS, 38671
      View Details
    • Contact for pricing
      1,776 SF

      Southaven Shopping Center Retail Space

      Retail spaces available in a busy Southaven shopping center.
      775-975 Goodman Rd E, Southaven, MS 38671
      View Details
    • $15 SF/Yr
      15,000 SF

      Southaven Flex Space For Rent

      15,000 SF flex space available for lease.
      7168 Moore Dr, Southaven, MS
      View Details
    • $10 SF/Yr
      9,862 SF

      Retail Space in Prime Location

      9,862 SF retail space in Southaven, MS corridor.
      7065 Airways Blvd, Southaven, MS
      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
      View Details
    • Contact for pricing
      13,225 SF

      Former Pharmacy Retail Space Available

      Freestanding retail building in Southaven, MS, for sublease.
      2945 Goodman Rd E, Southaven, MS
      View Details
    • Contact for pricing
      312,000 SF

      Southaven Warehouse with Cross Docking

      312,000 SF warehouse featuring cross-dock loading and trailer parking.
      440-480 Stateline Rd E, Southaven, MS
      View Details
    • Contact for pricing
      80,000 SF

      Retail and Restaurant Space Available

      New development with retail, restaurant, and entertainment space.
      0 Snowden Lane, Southaven, MS 38672
      View Details
    • Contact for pricing

      Retail Space in Southaven, MS

      Neighborhood shopping center with excellent visibility on Goodman Road.
      1055 Goodman Rd, Southaven, MS 38671
      View Details

    FAQs

    What type of property is this?
    Office units - 3,399 SF suite available in a prime Southaven location.
    Where is this office units located?
    The property is located at 8727 Northwest Drive Southaven, MS.
    What are key features of this property?
    This property features: Prime location in Southaven's thriving commercial corridor.; Excellent visibility and accessibility.; 3,399 +/- SF Suite A available for lease.
    (901) 833-8000
    We can help!
    Listing Contact
    Rhodes Thompson
    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
    8727 Northwest Drive, Southaven, MS 38671
    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!