Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    401 Bailey Dr Hollandale, MS 38748

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    401 Bailey Dr Hollandale, MS 38748

    View on Map
    • Commercial real estate
    • 6,405 SF
    • 1.21 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 401 Bailey Dr

    Year built
    1998
    Lot size
    1.21 lot acres
    Property size
    6,405 SF
    Property type
    Commercial real estate

    Description

    This exceptional 6,405 square foot commercial property, situated on a 1.21-acre lot at 401 Bailey Drive in Hollandale, Mississippi, presents a remarkable investment opportunity. Previously utilized as a mental health facility, this versatile building offers a multitude of potential uses for a diverse range of businesses. The layout includes numerous private offices, providing individual workspaces for employees or clients, complemented by open cubicle workspaces ideal for collaborative projects. A large, well-appointed conference room offers a dedicated space for meetings and presentations. A significant advantage is that the property comes fully furnished, including desks, chairs, copiers, computers, and media equipment, minimizing initial setup costs and allowing for immediate occupancy. The building and grounds are meticulously maintained, reflecting a commitment to quality and upkeep. The previous owner is available to provide valuable insights into the building's history and operational capabilities, offering potential buyers a unique opportunity to learn from past successes. This property represents a rare chance to acquire a well-equipped, versatile commercial space in a desirable location, ready for immediate use or customization to suit specific business needs. The asking price is $372,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hollandale
    County
    Washington
    State
    Mississippi
    Longitude
    -90.8416
    Latitude
    33.1827

    Comparable in this City

    • Value Estimation by Request
      4,000 SF

      301 Ee S Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,000 SF
      301 Ee S Ave, Hollandale, MS 38748-3815
      View Details
    • Value Estimation by Request
      12,900 SF

      223 Bailey Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 12,900 SF
      223 Bailey Dr, Hollandale, MS 38748-3241
      View Details
    • Value Estimation by Request
      8,060 SF

      510 Martin Luther King Dr

      GROCERY, SUPERMARKET • 8,060 SF
      510 Martin Luther King Dr, Hollandale, MS 38748-3382
      View Details
    • Value Estimation by Request
      6,765 SF

      112 Washington St

      RETAIL STORES (PERSONAL SERVICES) • 6,765 SF
      112 Washington St, Hollandale, MS 38748-3846
      View Details
    • Value Estimation by Request
      1,500 SF

      120 Washington St

      RETAIL STORES (PERSONAL SERVICES) • 1,500 SF
      120 Washington St, Hollandale, MS 38748-3846
      View Details
    • Value Estimation by Request
      3,000 SF

      Hollandale, MS 38748

      RETAIL STORES (PERSONAL SERVICES) • 3,000 SF
      Hollandale, MS 38748
      View Details

    Similar Nearby for Sale

    • $660,000
      Pending

      Hollandale Multifamily Investment Opportunity

      14-unit multifamily property with income potential on 4.3 acres.
      412 E Hays St, Hollandale, MS 38748
      View Details
    • Contact for pricing
      Pending

      Commercial Property in Hollandale, MS

      6405 sq ft commercial property suitable for various purposes.
      401 Bailey Dr, Hollandale, MS 38748
      View Details
    • $372,000
      Pending

      Commercial Land on Bailey Drive

      Commercial land available on Bailey Drive in Hollandale, MS.
      401 Bailey Dr, Hollandale, MS 38748
      View Details
    • $372,000
      Pending

      Furnished Commercial Property in Hollandale

      6405 sq ft commercial property suitable for various business purposes.
      401 Bailey Dr, Hollandale, MS 38748
      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.
    401 Bailey Dr
    Hollandale, MS 38748
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!