6501 Hwy Horn Lake, MS 38637
This exceptional 1.1-acre property in Horn Lake, Mississippi, presents a compelling investment opportunity. Located at 6501 U.S. Hwy 51, this mixed-use site boasts a 2,928 square foot, five-bedroom, 3.5-bathroom residence built in 1965, situated amidst established commercial properties on Highway 51 North. The property's strategic location offers significant potential for various commercial ventures, including office space conversion or multi-family usage. The existing home features hardwood floors, cedar closets, and new appliances, along with two master suites and a spacious living room. Additional interior amenities include an eat-in breakfast area and a separate dining room. Exterior features include a single garage, a single carport, and a workshop with a "clean-to" area and a private patio. The asking price is $429,500. This property's versatility, prime location, and substantial size make it an ideal investment for discerning buyers seeking high-yield potential in a thriving commercial corridor. The property consists of two buildings. Broker co-op is available.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.