Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1 Highway 82 Indianola, MS 38751

    • Commercial real estate
    • 230,868 SF
    • 5.30 lot acres
    For Sale
    View listing
    $325,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1 Highway 82

    Lot size
    5.30 lot acres
    Property size
    230,868 SF
    Property type
    Commercial real estate

    Description

    This exceptional 5.3-acre commercial property in Indianola, Mississippi, presents a remarkable investment opportunity. Located just off Highway 82 East, this expansive lot boasts over 100 feet of prime road frontage, ensuring exceptional visibility and accessibility. With over 8,200 vehicles passing daily, its proximity to the Love's Truck Stop guarantees substantial traffic exposure. The property features a pre-built pad, streamlining the development process and allowing for immediate construction. Zoned C-3 (Highway Commercial District), this versatile site is ideal for a wide range of commercial ventures, including retail establishments, restaurants, or a small distribution center. The level topography simplifies development, and all essential public utilities—water, sewer, electricity, natural gas, telephone, and internet—are readily available. Situated in FEMA Zone X, the property is outside of designated flood hazard areas, offering reduced flood risk due to a nearby levee. The 230,868 square foot lot offers significant potential for a large-scale commercial development or can be subdivided into individual lots, maximizing investment returns. This prime location and versatile zoning make this property an exceptional opportunity for commercial growth in a thriving area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Indianola
    County
    Sunflower
    State
    Mississippi
    Longitude
    -90.6513
    Latitude
    33.4581

    Comparable in this City

    • Value Estimation by Request
      0.11 Acres

      101 Front Street Ext

      Land • 1,400 SF
      101 Front Street Ext, Indianola, MS 38751
      View Details
    • Value Estimation
      $245,000
      740 SF

      Church St

      COMMERCIAL (GENERAL) • 740 SF
      Church St, Indianola, MS 38751
      View Details
    • Value Estimation
      $265,000
      999 SF

      Indianola, MS 38751

      COMMERCIAL (GENERAL) • 999 SF
      Indianola, MS 38751
      View Details
    • Value Estimation
      $265,000
      492 SF

      204 Church Ave

      COMMERCIAL (GENERAL) • 492 SF
      204 Church Ave, Indianola, MS 38751-2819
      View Details
    • Value Estimation
      $265,000
      1,886 SF

      114 Ct Ave

      COMMERCIAL (GENERAL) • 1,886 SF
      114 Ct Ave, Indianola, MS 38751-2860
      View Details
    • Value Estimation
      $700,000
      23,080 SF

      201 Hwy 82nd W

      COMMERCIAL (GENERAL) • 23,080 SF
      201 Hwy 82nd W, Indianola, MS 38751-2141
      View Details

    Similar Nearby for Sale

    • $65,000
      0.11 Acres

      Downtown Indianola Retail Space

      Prime Retail Space, $65,000
      101 Front Street Ext, Indianola, MS 38751
      View Details
    • $475,000
      8,449 SF

      Indianola Commercial Property

      High-traffic location, versatile building
      1319 Highway 82, Indianola, MS 38751
      View Details
    • $199,750
      0.25 Acres

      Prime Indianola Multifamily Investment

      Income-producing duplex near downtown.
      107 Pearcy St, Indianola, MS 38751
      View Details
    • $535,000
      3,216 SF

      498 Highway 448, Indianola, MS 38751

      Commercial real estate • 3,216 SF
      498 Highway 448, Indianola, MS 38751
      View Details
    • $325,000
      230,868 SF

      Prime Indianola Commercial Land

      High-traffic location, ready for development.
      1 Highway 82, Indianola, MS 38751
      View Details
    • $1,375,000
      1.20 Acres

      Prime Indianola Apartment Complex

      24 Units, 1.2 Acres, High Demand
      502 Dorsett Dr, Indianola, MS 38751
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,699 SF

      Freestanding Retail Building on Highway

      3,699 SF retail/office space with excellent visibility and parking.
      616 S 82, Indianola, MS 38751
      View Details
    • Contact for pricing
      3,699 SF

      Freestanding Retail/Office Building on Highway

      3,699 SF retail/office building with highway frontage in Indianola, MS.
      616 Highway 82 W, Indianola, MS 38751
      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.
    1 Highway 82
    Indianola, MS 38751
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.