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    545 Star Lndg Rd Hernando, MS 38651

    Sponsored
    For Sale
    $949,900

    2.76 acres, prime commercial location, $949,900

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2.76-acre commercial land parcel presents a compelling investment opportunity in Hernando, Mississippi. Located on the south side of Star Landing Road, just west of US Highway 51 and west of I-55, this property enjoys a high-traffic location within a rapidly developing area of northern Mississippi. Currently zoned Ag./Res., its proximity to existing and planned commercial developments suggests a strong likelihood of rezoning to accommodate commercial uses, maximizing its potential. The site is contiguous to a planned retail center, further enhancing its desirability. The surrounding area is experiencing significant growth, with a mix of residential and commercial projects underway or recently completed. This property is competitively priced, reflecting current market values in the immediate vicinity. The address is 545 Star Landing Rd, Hernando, MS 38651, in Desoto County. This presents a rare chance to acquire land poised for significant appreciation in a thriving commercial corridor. The property's location at a busy intersection makes it ideal for a variety of commercial ventures. This is a unique opportunity to capitalize on the area's growth trajectory.

    Property Features for 545 Star Lndg Rd

    General Information

    Property type
    Land
    Lot Size
    120,226 SF

    HighLights

    • Highly competitive pricing compared to recent area sales.
    • Exceptional location with high visibility and strong pedestrian traffic.
    • The property boasts a modern, efficient layout ideal for a variety of uses.
    • Significant upside potential through lease‑up or value‑add improvements.
    • Strong tenant base with long‑term leases providing stable income.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Grocery Store Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Hernando
    County
    Desoto
    State
    Mississippi
    Longitude
    -89.998983
    Latitude
    34.903627

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    FAQs

    What type of property is this?
    Land - 2.76 acres, prime commercial location, $949,900
    Where is this land located?
    The property is located at 545 Star Lndg Rd Hernando, MS.
    What is the asking price?
    The asking price for this property is $949,900.
    What are key features of this property?
    This property features: Highly competitive pricing compared to recent area sales.; Exceptional location with high visibility and strong pedestrian traffic.; The property boasts a modern, efficient layout ideal for a variety of uses.
    Request Owner's contact information
    545 Star Lndg Rd Hernando, MS 38651
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    Hernando, MS 38651
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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
    545 Star Lndg Rd Hernando, MS 38651
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