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    3800 Dale Dr Meridian, MS 39301

    For Sale
    $1,200,000

    Prime Meridian investment opportunity. Lease in place.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional commercial property, located at 3800 Dale Drive in Meridian, Mississippi, presents a compelling investment opportunity. The property encompasses a substantial 2.78 acres and features a large building complex totaling over 34,900 square feet. The main structure offers over 27,000 square feet of versatile office space, perfectly suited for a variety of business needs. In addition, there is a significant 7,900 square foot warehouse component, providing ample storage or production space. The building's construction history spans from its original build date in 1984 to subsequent additions completed in 2006, indicating a blend of established infrastructure and more recent upgrades. Currently, the property is secured by a lease agreement extending until June 30, 2027, generating a substantial monthly income of $20,000, or $240,000 annually. This long-term lease provides immediate cash flow and a stable investment foundation. Situated in Lauderdale County, Mississippi, with a Meridian zip code of 39301, this property benefits from a strategic location within a thriving community. The combination of substantial square footage, a secure lease, and a desirable location makes this a truly remarkable investment prospect. The asking price for this exceptional property is $1,200,000.

    Property Features for 3800 Dale Dr

    General Information

    Property type
    Specialty properties
    Lot Size
    121,097 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Meridian
    County
    Lauderdale
    State
    Mississippi
    Longitude
    -88.6691603
    Latitude
    32.3967533

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    FAQs

    What type of property is this?
    Specialty property - Prime Meridian investment opportunity. Lease in place.
    Where is this specialty property located?
    The property is located at 3800 Dale Dr Meridian, MS.
    What is the asking price?
    The asking price for this property is $1,200,000.
    Request Owner's contact information
    3800 Dale Dr Meridian, MS 39301
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    Meridian, MS 39301
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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
    3800 Dale Dr Meridian, MS 39301
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