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    8963 Highway 178 Olive Branch, MS 38654
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    Property profile & analytics

    8963 Highway 178, Olive Branch, MS 38654

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    • Retail properties & Spaces
    • 19,200 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 8963 Highway 178

    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    Westbranch Center offers a unique investment opportunity in DeSoto County. This property comprises two buildings totaling 19,200 square feet situated on a 2.27-acre lot. Building A, encompassing 10,000 square feet, is currently 100% leased, demonstrating strong market demand. The focus of this listing is Building B, a 10,235-square-foot space available for lease. This versatile space is ideal for a variety of uses, including executive office suites, retail, or shop space. Its strategic location benefits from high traffic counts, with Highway 178 boasting an average annual daily traffic (AADT) of 7,800 vehicles and Goodman Road showing an impressive 30,000 AADT. This prime location ensures excellent visibility and accessibility for any business. The buildings can be sold together or separately, presenting flexibility for potential buyers or tenants. The property's multiple tenancy allows for diverse business opportunities within a thriving commercial environment. This is an exceptional chance to secure a prominent presence in a high-traffic area with significant growth potential. Inquire today to learn more about leasing this exceptional space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Olive Branch
    County
    DeSoto
    State
    Mississippi
    Longitude
    -89.8321
    Latitude
    34.9664

    Comparable in this City

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      7,200 SF

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      1.34 Acres

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      10,235 SF

      8963 Ms-178

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      21,930 SF

      9920 Ridgeway Industrial Dr

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      2,371 SF

      8200 Ms-178

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      8200 Ms-178, Olive Branch, MS 38654
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    Similar Nearby for Sale

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      9.02 Acres on Goodman Road

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      Commercial Land Near US Highway

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    Similar Nearby for Lease

    • $3,150 /Mo
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      Olive Branch Commercial Space Available

      1,260 SF commercial space in high-traffic Olive Branch location.
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      10,235 SF

      Highway Frontage Retail/Office Space

      Retail or office space available on Highway 178.
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      15,000 SF

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      Customizable retail space with ample parking and high visibility.
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      Retail Space Near High Traffic

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      2,000 SF

      Retail Space in Olive Branch

      2000 SF retail space available for rent.
      6518 Goodman Rd, Olive Branch, MS 38654
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    • Contact for pricing

      Retail Single Tenant Space

      Retail space available for rent, approximately 2,537 square feet.
      8101 Hacks Cross Rd, Olive Branch, MS 38654
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    Olive Branch, MS 38654
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    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
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    8963 Highway 178, Olive Branch, MS, 38654
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