Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    539 Bonita Lakes Dr Meridian, MS 39301

    Property Lookup

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

    539 Bonita Lakes Dr Meridian, MS 39301

    View on Map
    • Specialty properties
    • 6,550 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 539 Bonita Lakes Dr

    Property size
    6,550 SF
    Property type
    Specialty properties

    Description

    This exceptional 6,550 square foot commercial property, located at 539 Bonita Lakes Drive in Meridian, Mississippi, presents a unique investment opportunity. Situated on a highly visible 1.84-acre corner lot at the entrance to the Uptown Meridian Mall (Bonita Lakes), this former O'Charley's Restaurant & Bar offers significant potential for a variety of businesses. The property boasts ample parking with 157 spaces, ensuring convenient access for customers. Its prime location within a thriving retail center guarantees high foot traffic and excellent visibility. The spacious layout provides flexibility for adaptive reuse, making it suitable for a wide range of commercial ventures. The asking price is $950,000. The property's address is 539 Bonita Lakes Drive, Meridian, MS 39301, and is located in Lauderdale County. This is a rare opportunity to acquire a well-positioned commercial property in a desirable location with strong potential for return on investment. The property's size and location make it an ideal candidate for redevelopment or repurposing to suit a variety of business needs. The substantial parking area further enhances its appeal to potential tenants or owners. Don't miss this chance to secure a prime commercial property in a bustling retail environment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Meridian
    County
    Lauderdale
    State
    Mississippi
    Longitude
    -88.6725
    Latitude
    32.3611

    Comparable in this City

    • Value Estimation by Request
      19,000 SF

      376 Us-80

      Specialty properties • 19,000 SF
      376 Us-80, Meridian, MS 39301
      View Details
    • Value Estimation by Request

      2113 Highway 45

      Specialty properties
      2113 Highway 45, Meridian, MS 39301
      View Details
    • Value Estimation by Request
      2,280 SF

      1720 Hwy 39th N

      VETERINARY, ANIMAL HOSPITAL • 2,280 SF
      1720 Hwy 39th N, Meridian, MS 39301-3535
      View Details
    • Value Estimation by Request

      420 19 Hwy

      Specialty properties
      420 19 Hwy, Meridian, MS 39301
      View Details
    • Value Estimation by Request
      7,291 SF

      1627 26th Ave

      FUNERAL HOME • 7,291 SF
      1627 26th Ave, Meridian, MS 39301-3002
      View Details
    • Value Estimation by Request

      123 Russell Dr

      Specialty properties
      123 Russell Dr, Meridian, MS 39301
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Meridian Commercial Property I-20/I-59 Frontage

      Prime commercial property with I-20/I-59 frontage in Meridian, MS.
      400 N Frontage Rd, Meridian, MS 39301
      View Details
    • Contact for pricing
      0.26 Acres

      Versatile Commercial Building in Meridian

      Adaptable commercial building suitable for various business uses.
      4717 8Th Street Ext, Meridian, MS 39301
      View Details
    • $475,000

      Meridian Commercial Property For Sale

      Commercial property with ground floor retail and office space.
      1312 22Nd Avenue Hts, Meridian, MS 39301
      View Details
    • $520,000
      200.00 Acres

      200 Acres of Timberland Investment

      Recreational and timberland investment opportunity near Meridian, Mississippi.
      County Road 425, Meridian, MS 39301
      View Details
    • Contact for pricing

      Land Overlooking Lake in Scooba

      Land with partial lake access, ideal for camp or home.
      Scooba, MS 39301
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      New Retail Strip in Meridian

      New retail suites available for lease in Meridian's shopping corridor.
      300 N Frontage Rd, Meridian, MS 39301
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space in Meridian, MS

      Retail space available for lease in Meridian, Mississippi.
      103 S Frontage Rd, Meridian, MS 39301
      View Details
    • Contact for pricing
      4,660 SF

      Retail Center with Drive-Thru

      Retail space for lease in high-traffic Meridian corridor.
      200 N Frontage Rd, Meridian, MS 39301
      View Details
    • $12 SF/Yr
      7,958 SF

      Meridian Retail Space Sublease Opportunity

      Prime 7,958 SF retail space, former Family Dollar.
      2107 24 avenue, Meridian, MS 39301
      View Details
    • $10 SF/Yr

      Retail Space in Bonita Lakes

      42,814 SF retail space with ample parking.
      1003 Bonita Lakes Cir, Meridian, MS 39301
      View Details
    • Contact for pricing

      Retail Center in Meridian Corridor

      Retail spaces available in high-traffic Meridian location with drive-thru.
      200 N Frontage Rd, Meridian, MS 39301
      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.
    539 Bonita Lakes Dr
    Meridian, MS 39301
    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!