Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Us-51 Horn Lake, MS 38637
    Property profile & analytics

    Us-51, Horn Lake, MS 38637

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

    Current Use by Public Records

    • Land

    Property Details for 0 Us-51

    Property type
    Land

    Description

    This exceptional 3.28-acre commercial land parcel presents a unique investment opportunity in the thriving Horn Lake, Mississippi market. Strategically situated on Highway 51, south of Nail Road, this property boasts unparalleled visibility and accessibility for businesses seeking a high-traffic location. The site is zoned C-4, making it ideally suited for a diverse range of retail or commercial developments. The property is comprised of four individual lots, offering flexibility for various development scenarios. Lot 1 encompasses 0.96 acres, Lot 2 covers 0.91 acres, Lot 3 measures 0.71 acres, and Lot 4 is 0.70 acres. This prime location in North Mississippi offers significant potential for growth and return on investment. The asking price for this exceptional commercial land is $315,000. Don't miss this chance to secure a prominent position on Highway 51 in the rapidly expanding Horn Lake area. The property's address is US-51, Horn Lake, MS 38637, within DeSoto County, and its zip code is 38637. This is a rare opportunity to acquire a substantial commercial land holding in a high-demand area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Horn Lake
    County
    DeSoto
    State
    Mississippi
    Longitude
    -90.0165
    Latitude
    34.9484

    Comparable in this City

    • Value Estimation by Request

      Goodman Rd

      Land
      0 Goodman Rd, Horn Lake, MS 38637
      View Details
    • Value Estimation by Request
      1.11 Acres

      4482 Goodman Rd

      Land
      4482 Goodman Rd, Horn Lake, MS 38637
      View Details
    • Value Estimation by Request
      1.10 Acres

      6501 Hwy

      Multifamily properties
      6501 Hwy, Horn Lake, MS 38637
      View Details
    • Value Estimation by Request
      2.92 Acres

      4578 Goodman Rd

      Land
      4578 Goodman Rd, Horn Lake, MS 38637
      View Details
    • Value Estimation by Request
      1.72 Acres

      1.72 Acres Interstate Blvd

      Land
      0 1.72 Acres Interstate Blvd, Horn Lake, MS 38637
      View Details
    • Value Estimation by Request
      16.00 Acres

      & 51 Nail Rd

      Land
      & 51 Nail Rd, Horn Lake, MS 38637
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale Horn Lake

      4.13 acre land parcel available in Horn Lake, MS.
      Highway 51 N, Horn Lake, MS 38637
      View Details
    • New
      $36,000
      1.76 Acres

      Vacant Land Near Alden Lake

      1.76 acres of vacant land near Church Road and Highway 51.
      W Alden Lake Dr, Horn Lake, MS 38637
      View Details
    • Contact for pricing

      Commercial Land on Highway 51

      3.28 acre commercial land for sale on Highway 51.
      Us-51, Horn Lake, MS 38637
      View Details
    • $636,000

      Prime Retail Development Opportunity

      2.9 acre lot ideal for retail development.
      4578 Goodman Rd W, Horn Lake, MS 38637
      View Details
    • $315,000
      Pending

      C-4 Zoned Commercial Land Tract

      Zoned C-4 and positioned on a high-traffic corridor with an existing 2,913 sq ft residence on-site.
      6501 S 51, Horn Lake, MS 38637
      View Details
    • Contact for pricing

      Corner Lot Land Available

      Land for sale or ground lease in Horn Lake, Mississippi.
      Horn, Lake, MS 38637
      View Details

    Similar Nearby for Lease

    • $1,000 /Mo
      900 SF

      Retail/Office Space For Lease

      Multi-tenant retail/office space available in Horn Lake, MS.
      7122 Highway 301 N, Horn Lake, MS 38637
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space on Goodman Road

      Retail space available in Horn Lake, Mississippi, built in 1996.
      3042-3058 Goodman Rd, Horn Lake, MS 38637
      View Details
    • $17 SF/Yr

      Retail Space in Bullfrog Center

      1200 SF retail space in busy shopping center.
      1415 Goodman Rd West, Horn Lake, MS 38637
      View Details
    • $2,500 /Mo
      1,271 SF

      New Retail Space in Horn Lake

      New retail/commercial space in high-visibility location, built in 2025.
      6100 Horn Lk Rd Lot Bay, Horn Lake, MS 38637
      View Details
    • $2,500 /Mo
      1,255 SF

      New Retail Space in Horn Lake

      New retail/commercial space with high visibility and traffic.
      6100 Horn Lk Rd Lot Bay, Horn Lake, MS 38637
      View Details
    • $2,500 /Mo
      1,271 SF

      New Retail Space in Horn Lake

      New retail/commercial space with high visibility and traffic.
      6100 Horn Lk Rd Lot Bay, Horn Lake, MS 38637
      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.
    Us-51
    Horn Lake, MS 38637
    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
    Us-51, Horn Lake, MS, 38637
    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!