0 Rasco Rd Southaven, MS 38671
This exceptional 10.55-acre property in Southaven, Mississippi, presents a unique investment opportunity. Located in the desirable Greenbrook neighborhood and zoned PUD, this land is comprised of two parcels totaling 10.55 acres (5.89 acres and 4.66 acres). The property is permitted and entitled for a mixed-use development, offering significant potential for a variety of projects. Approved plans include up to 80 multi-family units (817-917 sq ft 1-bedroom flats), 16 buildable lots, and 13,770 square feet of retail or office space. The concept design for the 5.89-acre parcel incorporates two three-story buildings, multiple common areas, a gated living area, a dog park, walking trails, a pool, and a cabana. The land value is $68.99 per square foot, making this a compelling offering in the thriving Desoto County market. The property's location in Southaven, MS, zip code 38671, offers easy access to major transportation routes and amenities. This is an ideal opportunity for developers seeking to create a vibrant and desirable community. The property is offered at $750,000.
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
Similar Nearby for Lease
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.