Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    900 Hendricks Road Coffeeville, MS 38922

    View on Map
    Claim this Listing
    For Sale
    $1,350,000

    Commercial Business - Coffeeville, MS

    Property size:
    5,821 SF
    Lot size:
    119.75 Acres
    Price / SF:
    $231/SF
    Added:
    Apr 30, 2026
    Days on Market:
    9
    Last Refresh:
    May 8 at 6:06 am

    Property Features for 900 Hendricks Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    12
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
    Parking features
    Garage
    Standard status
    Active
    Size
    5,821 SF
    Lot size
    119.75 Acres

    Taxes and HOA fees

    Tax Annual Amount
    8595

    Utilities

    Heating system
    Electric (Heating), Heat Pump (Heating)
    Cooling system
    Central Air
    Water front features
    Waterfront
    Water front
    1

    Building Details

    Year built
    2023
    Year renovated
    2023
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Michael Clayton

    Listing agent Michael Clayton

    Listing office Mossy Oak Properties Land and Home 819 Lakewood Road, Camden, MS

    Listing date Apr 30, 2026

    MLS# 11740544 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Turnkey, income‑producing resort property with multiple revenue streams.
    • Prime location minutes from Grenada Lake, a renowned fishing destination.
    • Significant expansion potential on 119.75± acres.
    • Includes 8 fully furnished cabins, a 4‑bedroom lodge with a covered patio overlooking a private 20‑acre stocked pond.
    • Established RV park with 22 full‑service hookups providing steady income.
    • Strong rental history with an existing website offering online reservations and payment processing.

    Overview

    Turnkey Resort Near Grenada Lake

    Grenada Lake Resorts is a fully operational, income-producing resort property spanning 119.75 acres in Grenada County, Mississippi, located minutes from Grenada Lake. The property features 8 fully furnished cabins, including 7 one-bedroom/one-bath units and 1 two-bedroom/one-bath cabin, suitable for short-term rentals. The centerpiece lodge is a 1.5-story structure offering 4 bedrooms, 3 full bathrooms and one half bath, a living and dining area, an eat-in kitchen, and a covered patio overlooking a private 20-acre pond. Guests can utilize a well-designed RV park with 22 full-service hookups, equipped with water, sewer, electricity (30 & 50 amp service), and Wi-Fi. The park includes 18 sites (10' x 35') and 4 sites (10' x 24'). Additional amenities include a private 20-acre stocked pond, a covered pavilion with an exterior kitchen, and a fish cleaning station. An established guide service operation is also present. The property has a strong rental history with an existing website offering online reservations and payment processing. Grenada Lake, spanning over 35,000 acres, is known for its trophy crappie and offers fishing for largemouth, smallmouth, and spotted bass, as well as catfish, bream, and walleye. There is room to expand by building a private residence, adding cabins, or enhancing amenities to increase revenue potential. The property size is 5821 square feet.
    Location Intelligence

    Current Use by Public Records

    Resorts

    Map

    City
    Coffeeville
    County
    Yalobusha
    State
    Mississippi
    Longitude
    -89.6428
    Latitude
    33.9467

    FAQs

    What type of property is this?
    Resort - Income-producing resort on 119.75 acres near Grenada Lake, MS.
    Where is this resort located?
    The property is located at 900 Hendricks Road Coffeeville, MS.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: Turnkey, income‑producing resort property with multiple revenue streams.; Prime location minutes from Grenada Lake, a renowned fishing destination.; Significant expansion potential on 119.75± acres.
    (870) 807-6731
    We can help!
    Listing Contact
    Michael Clayton
    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
    900 Hendricks Road, Coffeeville, MS 38922
    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!