Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Galleria Pkwy Madison, MS 39110

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Galleria Pkwy Madison, MS 39110

    View on Map
    • Land
    • 52.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Galleria Pkwy

    Lot size
    52.00 lot acres
    Property type
    Land

    Description

    This exceptional 52-acre commercial land parcel presents a unique investment opportunity in Madison, Mississippi. Ideally situated off Galleria Parkway, this property boasts unparalleled visibility from Interstate 55, experiencing a daily traffic volume averaging 61,000 vehicles. Its prime location offers easy access, just 1.2 miles from the Main Street Madison exit and 2.2 miles from the Gluckstadt exit, ensuring high traffic flow and excellent exposure for any development. The land is available for purchase as a whole or can be subdivided, with the smallest available lot measuring 1.35 acres and the largest contiguous lot spanning 24.5 acres. This flexibility caters to a wide range of development projects, from smaller retail businesses to large-scale office developments or mixed-use complexes. The property's proximity to established residential areas and other commercial establishments further enhances its appeal. The land value is priced between $10 and $15 per square foot, offering a competitive investment opportunity. The potential for custom development and design allows for tailored projects to meet specific needs and maximize returns. This is a rare chance to acquire a highly visible and strategically located commercial property in a thriving Mississippi market. The property's size and flexibility make it suitable for a variety of uses, ensuring a strong return on investment for the discerning buyer.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Madison
    State
    Mississippi
    Longitude
    -90.1281
    Latitude
    32.4798

    Comparable in this City

    • Value Estimation by Request

      Grandview Blvd

      Land
      0 Grandview Blvd, Madison, MS 39110
      View Details
    • Value Estimation by Request
      1.17 Acres

      Highway 463

      Land • 1.17 Acres
      0 Highway 463, Madison, MS 39110
      View Details
    • Value Estimation by Request
      1.38 Acres

      124 One Madison Plz

      Office Units • 1.38 Acres
      124 One Madison Plz, Madison, MS 39110
      View Details
    • Value Estimation by Request
      3.90 Acres

      Mannsdale Rd

      Land • 3.90 Acres
      0 Mannsdale Rd, Madison, MS 39110
      View Details
    • Value Estimation by Request
      1.56 Acres

      Woodgreen Pl

      Land • 1.56 Acres
      0 Woodgreen Pl, Madison, MS 39110
      View Details
    • Value Estimation by Request
      0.50 Acres

      Harris St

      Land • 0.50 Acres
      0 Harris St, Madison, MS 39110
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      4.73 acres of land available for purchase.
      463- 4 Windsor Park/Hwy, Madison, MS 39110
      View Details
    • $174,000
      2.50 Acres

      Waterfront Lot in Madison, MS

      2.58-acre waterfront lot in Chestnut Hill Subdivision.
      22 Chestnut Hill Rd, Madison, MS 39110
      View Details
    • $1,500,000
      32.00 Acres

      32 Acres Private Retreat Land

      Rare large tract of land in prime Madison location.
      00 St Augustine Dr, Ridgeland, MS 39110
      View Details
    • $611,582
      1.17 Acres

      Madison Commercial Land - Hwy 463

      Prime 1.17-acre commercial lot.
      0 Highway 463, Madison, MS 39110
      View Details
    • $310,000
      12.43 Acres

      Madison, MS Vacant Land

      Vacant land in a premier master-planned, gated community.
      82 Windermere Blvd, Madison, MS 39110
      View Details
    • Contact for pricing

      40 Acres of Land

      40 acres of land available for sale.
      208 Hardy Rd, Madison, MS 39110
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Madison Outparcel Ground Lease Opportunity

      1.37-acre site suitable for retail or restaurant development.
      Grandview Blvd, Madison, MS 39110
      View Details
    • Contact for pricing

      Proposed Class-A Office Building

      Proposed two-story, 40,000 SF Class-A office building for lease.
      124 One Madison Plz, Madison, MS 39110
      View Details
    • Contact for pricing

      Proposed Class-A Office Building

      Proposed 40,000 RSF Class-A office building development.
      124 One Madison Plz, Madison, MS 39110
      View Details
    • Contact for pricing

      Office Suite For Lease

      Office suite available for lease with reception, offices, and storage.
      133 Executive Dr, Madison, MS 39110
      View Details
    • Contact for pricing

      Premier Mixed-Use Development Space

      Office, retail, and restaurant spaces for lease in Madison.
      100 Merchant St, Madison, MS 39110
      View Details
    • $1,600 /Mo
      700 SF

      Office Space Near I-55

      Office space with conference room, easily reconfigured, near I-55.
      1 Woodgreen Pl, Madison, MS 39110
      View Details
    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.
    Galleria Pkwy
    Madison, MS 39110
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!