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    7363 Goodman Rd Olive Branch, MS 38654

    For Lease
    $13 SF/Yr ($14,878 /Mo)

    Prime 13,225 SF Retail Building

    Lot size:
    13,225 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 13,225-square-foot retail building, formerly a CVS, presents a unique investment opportunity in Olive Branch, Mississippi. Located on a 1.7-acre outparcel at the signalized intersection of Goodman Road and Crumpler Boulevard, this Class A property boasts a prime location within Olive Branch's thriving retail district. Built in 2009, the single-story building features 61 parking spaces and a convenient drive-thru/pick-up window. The interior offers a mostly open floor plan, ideal for a variety of retail uses, along with a former pharmacy area, freezers, coolers, two handicap-accessible restrooms, an office, a breakroom, rear receiving doors, and ample storage. The property benefits from high visibility and proximity to major retailers such as Kroger, Aldi, Walmart, and numerous restaurants. The existing lease expires October 31, 2034, offering long-term potential. Zoned commercial, this property is situated just west of Highway 78, ensuring excellent access and high traffic counts. Annual property taxes are $2.16 per square foot. This is a rare opportunity to acquire a well-maintained, strategically located retail space in a rapidly growing market. The property's size, amenities, and location make it an attractive option for a variety of retail businesses seeking a prominent presence in Olive Branch.

    Property Features for 7363 Goodman Rd

    General Information

    Property type
    Specialty properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    13,225 SF
    Class
    A
    Total Rate
    14878.13

    Building Details

    Year Built
    2009
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    13,225 SF
    Rate per SF
    $13

    HighLights

    • 13,225 SF freestanding retail building on a 1.7‑acre outparcel.
    • Drive‑thru/pick‑up window.
    • 61 surface parking spaces.
    • Signalized intersection of Goodman Road and Crumpler Boulevard in Olive Branch, MS.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Olive Branch
    County
    Desoto
    State
    Mississippi
    Longitude
    -89.859777790227
    Latitude
    34.9618829052

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    FAQs

    What type of property is this?
    Specialty property - Prime 13,225 SF Retail Building
    Where is this specialty property located?
    The property is located at 7363 Goodman Rd Olive Branch, MS.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: 13,225 SF freestanding retail building on a 1.7-acre outparcel.; Drive-thru/pick-up window.; 61 surface parking spaces.
    Request Owner's contact information
    7363 Goodman Rd 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
    7363 Goodman Rd Olive Branch, MS 38654
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