Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Southaven Land with I-55 Visibility Title is generated by Realmo AI

    Old Airways Boulevard, Southaven, MS 38671

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

    Corner lot with I-55 visibility, ideal for development.

    Type:Land
    Lot size:
    4.00 Acres
    Added:
    Oct 11, 2019
    Days on Market:
    2416
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for Old Airways Boulevard

    General Information

    Standard status
    Active
    Lot size
    4.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Rhodes Thompson

    Listing agent Rhodes Thompson License #MS MS

    Listing office KW Commercial Memphis Central Southaven

    Listing date Oct 11, 2019

    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 KW Commercial Memphis Central Southaven

    HighLights

    • I‑55 visibility
    • Corner lot location
    • Over 4 acres of land
    • Located in an area with new development
    • One mile from Church Road
    • Suitable for commercial development

    Overview

    This Southaven corner lot, slightly over 4 acres, is positioned for new development. The property benefits from I-55 visibility and is located one mile from Church Road. This lot is suitable for transformation into a new venture.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Southaven
    County
    DeSoto
    State
    Mississippi
    Longitude
    -89.986163
    Latitude
    34.920989

    Nearby Similar for Sale

    • $650,000

      Southaven Commercial Lot Investment Opportunity

      3.8 acre commercial lot on Goodman Rd in Southaven, MS.
      38 E Goodman Road, Southaven, MS 38671
      View Details
    • $449,500

      Southaven, MS Commercial Development Opportunity

      3.10 acres of commercial land in growing Southaven, MS.
      Airways Boulevard lot: 3, Southaven, MS 38671
      View Details
    • $999,990
      5,000 SF

      Southaven Commercial Property For Sale

      Two office buildings on 1.2 acres in high-demand area.
      5185 Getwell Road lot: 5187, Southaven, MS 38672
      View Details
    • $195,000

      Southaven Corner Lot Opportunity

      Corner lot in Southaven, ideal for professional office.
      401 Getwell Road lot: 401, Southaven, MS 38671
      View Details
    • $150,000

      Southaven Commercial Lot For Sale

      Commercial lot in Southaven, MS, near Getwell and Rasco Rd.
      403 Getwell Road lot: 403, Southaven, MS 38671
      View Details
    • $750,000

      Southaven Commercial Land For Sale

      5.32 acres of commercial land in Southaven, Mississippi.
      771 W Church Road, Southaven, MS 38671
      View Details
    • $295,000

      Southaven Commercial Corner Office Lot

      Corner lot in medical district, utilities available, near hospital.
      78 Clarington Cove lot: 17, Southaven, MS 38671
      View Details
    • $160,000
      1,100 SF

      Southaven Commercial Property For Sale

      Commercial property with potential for various uses in Southaven, MS.
      55 E Stateline Road, Southaven, MS 38671
      View Details
    • $1,450,000

      Southaven Commercial Land For Sale

      Located in the medical district with multi-family retail approval.
      N Airways Boulevard lot: 2-3, Southaven, MS 38671
      View Details
    • $392,000

      Southaven Commercial Lot For Sale

      1.86 acre commercial lot in the heart of Southaven.
      18 Hospitality Lane lot: 7P-A, Southaven, MS 38671
      View Details
    • $200,000
      1,300 SF

      Southaven Commercial Property For Sale

      Commercial property in M1 zone near Mississippi & Tennessee state line.
      9105 Tulane Road, Southaven, MS 38671
      View Details
    • $595,000
      7,150 SF

      7,150 SF Investment Property

      High-visibility, 100% occupied retail property on 0.75-acre corner parcel.
      1765-1799 Main Street, Southaven, MS
      View Details

    FAQs

    What type of property is this?
    Commercial land - Corner lot with I-55 visibility, ideal for development.
    Where is this commercial land located?
    The property is located at Old Airways Boulevard Southaven, MS.
    What is the asking price?
    The asking price for this property is $240,000.
    What are key features of this property?
    This property features: I‑55 visibility; Corner lot location; Over 4 acres of land
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Rhodes Thompson
    Real Estate License ID: MS MS
    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

    Thank You for Inquiry
    Old Airways Boulevard, Southaven, MS 38671
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!