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Property profile & analytics
OFF-MARKET
Casinos

7904 Craft-Goodman Rd Olive Branch, MS 38654

40,000 SF 1.02 ac lot Built 2020
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a fee-simple interest in the Best Western Plus Desoto, an 87-key, four-story hotel ideally situated in Olive Branch, Mississippi. Built in 2020, this 40,000-square-foot property boasts a prime location on 1.02 acres at the intersection of State Highway 78 and State Highway 302, offering excellent visibility and accessibility. The hotel benefits from convenient access to major interstates I-78, I-55, and I-40, placing it just 15 minutes from downtown Memphis and the Memphis International Airport. The property includes approximately 500 square feet of dedicated meeting space, catering to both business and leisure travelers. Its proximity to significant businesses, including FedEx headquarters (2 miles) and the William Sonoma distribution center (4 miles), further enhances its appeal and potential for consistent occupancy. Historical revenue data reveals strong performance, with figures exceeding $2.3 million annually in recent years, demonstrating the property's profitability and resilience. This represents a rare chance to acquire a well-established, recently constructed hotel in a thriving market.

Property profile
Verified
Property type Casinos
Year built 2020
Total area 40,000 SF
Lot 1.02 ac (44,431 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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