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    6474 Towne Center Loop Southaven, MS 38671
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    6474 Towne Center Loop, Southaven, MS 38671

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    • Lifestyle centers
    • 567,640 SF
    • 196.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Amazon Locker - Adn / Courier Service / Postal Service
    • Lyons Den Field / Sports Field & Court

    Property Details for 6474 Towne Center Loop

    Lot size
    196.00 lot acres
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Southaven Towne Center, located at 6474 Towne Center Loop, Southaven, MS 38671, presents a significant investment opportunity. This Class A, multi-tenant retail center boasts a total of 567,640 square feet across seven single-story buildings, encompassing 43 individual suites. Situated on a substantial 196-acre parcel, the property enjoys a highly visible location near Airways Blvd in Desoto County, Mississippi. The center's open-air design provides ample parking and convenient access for shoppers. Currently housing a diverse mix of retail and dining establishments, the property offers a strong existing tenant base. Its strategic location approximately six miles south of Memphis, Tennessee, ensures high traffic volume and exposure to a large consumer base. The property's size and diverse tenant mix make it an ideal investment for those seeking a stable, high-performing retail portfolio addition. The property is classified as a shopping center, restaurant, and office space, offering a variety of uses and income streams. This is a rare opportunity to acquire a substantial, well-established retail center in a thriving market. The property's scale and location provide significant potential for future growth and development.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Southaven
    County
    Desoto
    State
    Mississippi
    Longitude
    -89.9965
    Latitude
    34.9547

    Comparable in this City

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      7,150 SF

      1765 Stateline Rd

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      104,845 SF

      775-975 Goodman Rd

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      775-975 Goodman Rd, Southaven, MS 38671
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      1219 Main St

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      1219 Main St, Southaven, MS 38671
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      15,120 SF

      371 Goodman E Rd

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      371 Goodman E Rd, Southaven, MS 38671-9509
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    • Value Estimation by Request
      60,000 SF

      8680 Stanton Rd

      MINI-MALL
      8680 Stanton Rd, Southaven, MS 38671-1000
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    • Value Estimation by Request
      956 SF

      2069 Stateline W Rd

      MINI-MALL
      2069 Stateline W Rd, Southaven, MS 38671-1220
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    Similar Nearby for Sale

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      Southaven Commercial Land For Sale

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      Development Land I-55 Visibility

      Cleared land with I-55 visibility, suitable for various developments.
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      High-Visibility Retail Lot, Southaven

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      Southaven Retail Shadow Center

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      Prime Commercial Land Opportunity

      Two parcels of land ideal for retail or office development.
      6296 Airways Blvd, Southaven, MS 38671
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    Similar Nearby for Lease

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      Southaven Retail and Restaurant Spaces

      Upscale outlet center with retail and restaurant spaces for lease.
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      Southaven Retail/Office Space For Lease

      Prime Southaven location, two units available.
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      1,056 SF

      Southaven Office and Retail Space

      Office and retail space in the heart of Southaven.
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      Tanger Outlets Retail Space

      Retail spaces available at Tanger Outlets in Southaven, Mississippi.
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      Southaven Shopping Center Retail Space

      Retail spaces available in a busy Southaven shopping center.
      775-975 Goodman Rd E, Southaven, MS 38671
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      Southaven Shopping Center For Rent

      104,845 SF shopping center at Goodman and Swinnea Road.
      775-975 Goodman Rd E, Southaven, MS 38671
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    Southaven, MS 38671
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    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
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