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    10047 Ms-178 Olive Branch, MS 38654

    Sponsored
    For Sale
    $979,000

    4.19-acre prime development land.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4.19-acre commercial and residential land parcel, located at 10047 MS-178 in Olive Branch, Mississippi, presents a unique investment opportunity. Priced at $979,000 ($233,000/acre or $5.50 per square foot), this fully entitled mixed-use site is situated in the rapidly growing city of Olive Branch, part of the Memphis MSA. The approved plans include 65 upscale residences and 10,000 square feet of retail space. A comprehensive amenity concept is incorporated, featuring an onsite management office, gym and workout facilities, controlled access, parks, and green spaces. Utilities are already connected to the site. Olive Branch boasts a 90% population increase over the past two decades and is recognized for its excellent public schools and highly-rated workforce. The city's main commercial corridor, Goodman Road, provides easy access to various retailers, dining, services, and entertainment options. The area experiences a low multifamily supply due to a recently lifted moratorium, resulting in strong fundamentals, with newer communities showing 2.3% vacancy and average lease rates of $1.50 per square foot. Class A apartments in Memphis suburbs average lease rates up to $2.21 per square foot. This site offers significant potential for substantial returns in a thriving market. The property's zip code is 38654.

    Property Features for 10047 Ms-178

    General Information

    Property type
    Land
    Lot Size
    182,516 SF

    HighLights

    • High‑growth Olive Branch, MS location; part of Memphis MSA, boasts strong infrastructure and over 80 manufacturing/distribution centers.
    • Low multifamily supply in DeSoto County due to recently lifted moratorium creates strong fundamentals.
    • Existing multifamily properties (mid‑2000s construction) show 2.3% vacancy and $1.50/SF average lease rates; newer Class A suburban Memphis apartments command up to $2.21/SF.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Olive Branch
    County
    Desoto
    State
    Mississippi
    Longitude
    -89.81159
    Latitude
    34.94847

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    FAQs

    What type of property is this?
    Land - 4.19-acre prime development land.
    Where is this land located?
    The property is located at 10047 Ms-178 Olive Branch, MS.
    What is the asking price?
    The asking price for this property is $979,000.
    What are key features of this property?
    This property features: High-growth Olive Branch, MS location; part of Memphis MSA, boasts strong infrastructure and over 80 manufacturing/distribution centers.; Low multifamily supply in DeSoto County due to recently lifted moratorium creates strong fundamentals.; Existing multifamily properties (mid-2000s construction) show 2.3% vacancy and $1.50/SF average lease rates; newer Class A suburban Memphis apartments command up to $2.21/SF.
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    Olive Branch, MS 38654
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    Realmo Value Estimation

    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.

    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.

    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
    10047 Ms-178 Olive Branch, MS 38654
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