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

    Corder Dr Corinth, MS 38834

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    2-Acre Commercial Lot, Prime Location

    Property Features for 0 Corder Dr

    General Information

    Property type
    Land
    Lot Size
    87,120 SF

    We can help!

    Listing Contact
    Clay Short
    Clay Short

    Listing Agency: TRI Inc. Listing Agent: Clay Short

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

    Learn more

    Overview

    This exceptional 2-acre commercial lot presents a prime development opportunity in Corinth, Mississippi's thriving Medical District. Situated on Corder Drive, just off State Highway 72, this property enjoys unparalleled convenience, being minutes from Magnolia Regional Health Center and State Highway 45. Its strategic location makes it ideal for medical facilities, office buildings, or other commercial ventures seeking high visibility and accessibility. The lot boasts generous dimensions of approximately 190 feet by 233 feet, offering ample space for construction. The land is characterized by a flat, rough-grade terrain, simplifying site preparation and development. The property's Alcorn County location, with a Corinth, MS 38834 zip code, ensures easy access to local amenities and a strong workforce. With an asking price of $261,360 and APN 0802033, this is a compelling investment prospect for developers and businesses seeking a strategic foothold in a rapidly growing area. The property's proximity to major transportation arteries and a prominent medical center guarantees high traffic and visibility, making it an attractive proposition for a variety of commercial uses. Don't miss this chance to acquire a significant piece of land in a highly sought-after location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Corinth
    County
    Alcorn
    State
    Mississippi
    Longitude
    -88.553771525273
    Latitude
    34.933885351674

    Nearby Similar for Sale

    • $550,000
      7,040 SF

      Commercial Property on Busy Road

      Commercial property with storage facility and shop/warehouse on 5.51 acres.
      504 N Harper Rd, Corinth, MS 38834
      View Details
    • $109,000
      2,022 SF

      Downtown Corinth Triplex Investment Opportunity

      Triplex in downtown Corinth near shops and restaurants.
      811 Graham St, Corinth, MS 38834
      View Details
    • $1,099,827
      9,100 SF

      Dollar General NNN Lease Property

      2017 build-to-suit Dollar General with zero landlord responsibilities.
      5620 N Harper Road Ext, Corinth, MS 38834
      View Details
    • $410,000
      7,200 SF

      Corinth Office Building - $410K

      Multi-tenant office building, high traffic area.
      102 Cass St, Corinth, MS 38834
      View Details
    • Contact for pricing
      13,475 SF

      Corinth Industrial Building For Sale

      13,475 SF industrial building on 9 acres.
      2001 Whitmore Levee Rd, Corinth, MS 38834
      View Details
    • $599,000

      Downtown Corinth Commercial Gem

      Prime location, 8,000 sq ft, high visibility
      603 Fillmore St, Corinth, MS 38834
      View Details
    • Contact for pricing
      2,100 SF

      Pizza Hut NNN Investment

      NNN leased Pizza Hut in Corinth, Mississippi for sale.
      904 Highway 72 E Anx E, Corinth, MS 38834
      View Details
    • $385,000
      0.50 Acres

      Prime Corinth Commercial Building

      High-yield investment, 7200+ sq ft
      102 Cass St, Corinth, MS 38834
      View Details
    • $149,000
      2.27 Acres

      High-Traffic Corinth Commercial Land

      2.27 Acres, Prime Corinth Location, High Visibility
      Harper Road Ext, Corinth, MS 38834
      View Details
    • $129,000
      0.15 Acres

      Prime Corinth Commercial Office Space

      Vintage Charm, High Renovation Potential
      2010 Shiloh Rd, Corinth, MS 38834
      View Details
    • $1,200,000
      3,240 SF

      Prime Corinth Gas Station Investment

      1.6-Acre Gas Station, Owner-User Opportunity
      3107 Us-72, Corinth, MS 38834
      View Details
    • $599,000

      Prime Corinth Business Opportunity

      Established Business, High Potential, 599K
      508 Tate St, Corinth, MS 38834
      View Details

    FAQs

    What type of property is this?
    Land - 2-Acre Commercial Lot, Prime Location
    Where is this land located?
    The property is located at Corder Dr Corinth, MS.
    What is the asking price?
    The asking price for this property is $261,360.
    What are key features of this property?
    This property features: 2-acre commercial lot in Corinth, MS Medical District, ideal for medical facilities or other commercial uses.; Located on Corder Drive, off Hwy 72, minutes from Magnolia Regional Health Center and Hwy 45.; 190' x 233' lot, flat terrain, simplifying development.
    (662) 842-8283 Call to check price and availability
    Request Owner's contact information
    Corder Dr Corinth, MS 38834
    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.
    Corder Dr
    Corinth, MS 38834
    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
    Corder Dr Corinth, MS 38834
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Clay Short
    Clay Short
    Real Estate License ID: S-27047
    (662) 842-8283
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!