Add Listing
    For Lease
    • 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

    9150 Hacks Cross Rd Olive Branch, MS 38654

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

    Retail space available in newly constructed Olive Branch strip center.

    Type:Retail
    Added:
    Mar 31, 2023
    Days on Market:
    1113
    Last Refresh:
    Mar 17 at 1:19 pm

    Property Features for 9150 Hacks Cross Rd

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 9150 Hacks Cross Rd Contact us

    We can help!

    Listing Contact
    Reid Lanigan

    Listing agent Reid Lanigan License #TN 364909

    Listing office Jones Aur

    Listing date Mar 31, 2023

    Source Crexi

    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 Jones Aur

    Overview

    Retail Space in New Center

    A retail space opportunity is available in a newly constructed retail strip center. The property is located at the southeast corner of Hacks Cross Road and State Line Road in Olive Branch, MS. The intended use for the property is for a medical marijuana business.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Department Store Kitchen & Bath Showroom Storage Facility HVAC Service Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Olive Branch
    County
    DeSoto
    State
    Mississippi
    Longitude
    -89.794664
    Latitude
    34.993827

    Nearby Similar for Lease

    • Contact for pricing

      New Commercial Space in Olive Branch

      Modern commercial space ideal for retail, office, or service businesses.
      7550 Alexander Road, Olive Branch, MS 38654
      View Details
    • Contact for pricing

      Olive Branch Commercial Space Available

      1,260 SF commercial space in high-traffic Olive Branch location.
      10680 Goodman Road, Olive Branch, MS 38654
      View Details
    • Contact for pricing

      New Commercial Space in Olive Branch

      Modern commercial space ideal for retail, office, or service businesses.
      7550 Alexander Road lot: Bay 2, Olive Branch, MS 38654
      View Details
    • Contact for pricing

      New Commercial Space in Olive Branch

      Modern commercial space ideal for retail, office, or service businesses.
      7550 Alexander Road lot: Bay 3, Olive Branch, MS 38654
      View Details
    • $12/mo

      Modern Office Space in Olive Branch

      Premier office property with customizable floor plans and modern amenities.
      8804 Caroma Street, Olive Branch, MS 38654
      View Details
    • $4/mo

      240,000 SF Warehouse For Lease

      Warehouse for lease in DeSoto County with expansion potential.
      8950 Hacks Cross Rd, Olive Branch, MS 38654
      View Details
    • $12/mo

      Retail Space Near High Traffic

      Retail space available near Hacks Cross Rd and Goodman Rd.
      7685-7721 Hacks Cross Rd, Olive Branch, MS 38654
      View Details
    • $5/mo

      Industrial Space For Lease

      140,400 SF industrial space available for lease.
      6332 Commercial Dr, Olive Branch, MS 38654
      View Details
    • Contact for pricing

      Olive Branch Retail Center Space

      Retail spaces available in Olive Branch, Mississippi shopping center.
      7108-7164 Hacks Cross Rd, Olive Branch, MS
      View Details
    • Contact for pricing

      Olive Branch Warehouse Space Available

      60,000 SF warehouse space with office in Olive Branch.
      8735 Nail Road, Olive Branch, MS 38654
      View Details
    • $180/mo

      Retail Single Tenant Space

      Retail space available for rent, approximately 2,537 square feet.
      8101 Hacks Cross Rd, Olive Branch, MS 38654
      View Details
    • Contact for pricing

      Updated Office Building For Rent

      Renovated Class B office building in Olive Branch, Mississippi.
      6933 Crumpler Blvd., Olive Branch, MS 38654
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available in newly constructed Olive Branch strip center.
    Where is this retail space located?
    The property is located at 9150 Hacks Cross Rd Olive Branch, MS.
    What are key features of this property?
    This property features: Medical marijuana opportunity; Newly constructed retail strip center; Hacks Cross Road location
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Reid Lanigan
    Real Estate License ID: TN 364909
    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!