Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2021 Shiloh Road Ext Corinth, MS 38834
    Back to Search
    Property profile & analytics

    2021 Shiloh Road Ext, Corinth, MS 38834

    View on Map
    • Specialty properties
    • 11,948 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 2021 Shiloh Road Ext

    Property type
    Specialty properties
    Property subtype
    Land

    Description

    This exceptional commercial land parcel, located at 2021 Shiloh Road in Corinth, Mississippi, presents a unique investment opportunity. Spanning 11,948 square feet, this property is designated as special purpose land and offers significant potential for a variety of commercial ventures. The property's address is easily accessible, situated in Alcorn County, Mississippi, with a zip code of 38834. Its precise geographic coordinates are latitude 34.9457304 and longitude -88.4997485. The asking price for this substantial land holding is $399,000. Given its size and strategic location, this property is well-suited for developers or businesses seeking a prominent presence in the Corinth market. The absence of existing structures allows for complete design flexibility, catering to a wide range of commercial development plans. Prospective buyers are encouraged to conduct their own due diligence to assess the suitability of the land for their specific commercial objectives. This is a rare opportunity to acquire a significant tract of commercial land in a growing Mississippi community. The property's size and location make it an attractive prospect for various commercial uses, offering substantial potential for return on investment. Serious inquiries are welcome.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Corinth
    County
    Alcorn
    State
    Mississippi
    Longitude
    -88.4997
    Latitude
    34.9457

    Comparable in this City

    • Value Estimation by Request
      9,201 SF

      508 Tate St

      Land
      508 Tate St, Corinth, MS 38834
      View Details
    • Value Estimation by Request
      4,040 SF

      504 Harper Road Ext

      Manufacturing properties
      504 Harper Road Ext, Corinth, MS 38834
      View Details
    • Value Estimation by Request
      3,000 SF

      504 Harper Road Ext

      Manufacturing properties
      504 Harper Road Ext, Corinth, MS 38834
      View Details
    • Value Estimation by Request

      201 Highway 72

      Manufacturing properties
      201 Highway 72, Corinth, MS 38834
      View Details
    • Value Estimation by Request
      13,914 SF

      1313 3rd St

      FUNERAL HOME
      1313 3rd St, Corinth, MS 38834
      View Details
    • Value Estimation by Request
      5,152 SF

      Corinth, MS 38834

      FUNERAL HOME
      Corinth, MS 38834
      View Details

    Similar Nearby for Sale

    • $350,000
      3,000 SF

      Corinth MS Commercial Land & Building

      Prime Corinth location, 3,000 sq ft building, 5.51 acres.
      504 Harper Road Ext, Corinth, MS 38834
      View Details
    • $550,000
      4,040 SF

      Prime Corinth Commercial Property

      Manufacturing/Commercial Land, 4,040 SF
      504 Harper Road Ext, Corinth, MS 38834
      View Details
    • $55,000
      5.30 Acres

      5-Acre Cleared Land Tract

      5-acre tract near Corinth, MS, ready for new home.
      Us- 72, Corinth, MS 38834
      View Details
    • Contact for pricing

      Land For Sale Corinth

      Land available in Corinth, Mississippi.
      Corder Dr, Corinth, MS 38834
      View Details
    • Contact for pricing
      9,100 SF

      Dollar General NNN Lease Property

      2017 build-to-suit Dollar General with zero landlord responsibilities.
      5620 N Harper Road Ext, Corinth, MS 38834
      View Details
    • Contact for pricing
      2,100 SF

      Pizza Hut NNN Investment

      NNN leased Pizza Hut in Corinth, Mississippi for sale.
      904 Highway 72 E Anx E, Corinth, MS 38834
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Center Land and Restaurant

      Land and restaurant space in retail center for rent.
      2200 S Harper Rd, Corinth, MS 38834
      View Details
    • Contact for pricing
      33,977 SF

      Commercial Land on Highway 72

      Corner lot with high traffic and retail corridor access.
      100 Us-72, Corinth, MS 38834
      View Details
    • Contact for pricing

      Versatile Commercial Building For Lease

      7,500 sq ft commercial building with bay doors and office.
      1702 S Johns St, Corinth, MS 38834
      View Details
    • Contact for pricing

      Retail Center Space Available

      Retail spaces available in a busy shopping center.
      2300 S Harper Rd, Corinth, MS 38834
      View Details
    • Contact for pricing
      1,320 SF

      Retail Space in Walmart Shadow

      Retail space available in a Walmart shadow center.
      2105-2115 S Harper Rd, Corinth, MS 38834
      View Details
    • Contact for pricing
      4,900 SF

      Retail Center Restaurant Space Available

      Restaurant space with patio in retail center for lease.
      1901-3151 Virginia Ln, Corinth, MS 38834
      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.
    2021 Shiloh Road Ext
    Corinth, MS 38834
    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
    2021 Shiloh Road Ext, Corinth, MS, 38834
    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!