Add Listing
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

    Craft-Goodman Rd & Hwy 78 Olive Branch, MS 38654

    • Land
    • 1.00 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Craft-Goodman Rd & Hwy 78

    Lot size
    1.00 lot acres
    Property type
    Land

    Description

    This exceptional 1-acre commercial land parcel presents a remarkable investment opportunity in the thriving Olive Branch, Mississippi market. Located at the intersection of Craft-Goodman Road and Highway 78, this property, also known as Lot 11 of the Crossings at Olive Branch, Phase II, boasts approximately 43,796 square feet of developable land. Its strategic location ensures high visibility and accessibility, placing it within a vibrant retail corridor. The surrounding area is densely populated with a diverse range of established businesses, including major national retailers such as The Home Depot, Walmart, and Kroger, as well as popular restaurants like IHOP, Chili's, O'Charley's, and Chick-fil-A, among many others. This prime location offers unparalleled convenience and exposure to a substantial customer base. The property's proximity to hotels like the Hilton Garden Inn and Townplace Suites Marriott further enhances its appeal. This is an ideal site for a variety of commercial developments, capitalizing on the area's strong economic growth and high traffic volume. The property is situated in DeSoto County, Mississippi, with a zip code of 38654. This exceptional parcel offers significant potential for investors seeking a high-return opportunity in a prime location. The property's size and location make it suitable for a wide range of commercial uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Olive Branch
    County
    DeSoto
    State
    Mississippi
    Longitude
    -89.8579
    Latitude
    34.9695

    Comparable in this City

    • Value Estimation by Request
      4.19 Acres

      10047 Ms-178

      Land • 4.19 Acres
      10047 Ms-178, Olive Branch, MS 38654
      View Details
    • Value Estimation by Request
      3.92 Acres

      5515 Ms-305

      Land • 3.92 Acres
      5515 Ms-305, Olive Branch, MS 38654
      View Details
    • Value Estimation by Request
      0.59 Acres

      Ms-178

      Land • 0.59 Acres
      0 Ms-178, Olive Branch, MS 38654
      View Details
    • Value Estimation by Request
      13.20 Acres

      178 & Hacks Cross Rd Parcel

      Automotive properties • 13.20 Acres
      178 & Hacks Cross Rd Parcel, Olive Branch, MS 38654
      View Details
    • Value Estimation by Request
      84.00 Acres

      305 Cockrum Rd Hwy

      Land • 84.00 Acres
      305 Cockrum Rd Hwy, Olive Branch, MS 38654
      View Details
    • Value Estimation by Request
      1.68 Acres

      11201 Old Goodman Rd

      Land • 1.68 Acres
      11201 Old Goodman Rd, Olive Branch, MS 38654
      View Details

    Similar Nearby for Sale

    • $2,000,000
      2.20 Acres

      Olive Branch Retail Land Opportunity

      Prime 2.2-acre commercial lot, high traffic.
      0 Goodman Rd And Pleasant Hl Rd, Olive Branch, MS 38654
      View Details
    • $1,465,532
      1.68 Acres

      Olive Branch Commercial Land Investment

      High-traffic corner lot, 1.68 acres
      11201 Old Goodman Rd, Olive Branch, MS 38654
      View Details
    • $135,000
      2.19 Acres

      Prime Olive Branch Land - Build Your Dream Home!

      2.19 Acres, Corner Lot, I-269 Access
      9414 Plantation Oaks Dr Olive Br, Olive Branch, MS 38654
      View Details
    • $950,000
      7.60 Acres

      Prime Olive Branch Commercial Land

      7.6 Acres, High Visibility, Hwy 78 Access
      0 Chateau Dr & Bethel Rd, Olive Branch, MS 38654
      View Details
    • $5,750,791
      1.00 Acre

      I-22 Commercial Land, Olive Branch MS

      Prime Commercial Land, DeSoto County
      I-22 @ Hacks Cross, Olive Branch, MS 38654
      View Details
    • Contact for pricing
      1.04 Acres

      Olive Branch Commercial Land Parcels

      Prime Retail Land Near Highways 302 & 78
      7547 Lodging Ln, Olive Branch, MS 38654
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1 SF

      Prime Olive Branch Commercial Land

      11.96 Acres, High Visibility
      78 & Cp Crk Blvd, Olive Branch, MS 38654
      View Details
    • Contact for pricing

      Industrial Land with Office Building

      45.61 acre industrial property with office building for lease.
      7762 Highway 178, Olive Branch, MS 38654
      View Details
    • Contact for pricing
      181,349 SF

      Olive Branch Distribution Center Space

      181,349 SF industrial space in Olive Branch, Mississippi.
      11244 S Distribution Cv, Olive Branch, MS 38654
      View Details
    • Contact for pricing
      69,025 SF

      Holiday Crossing Retail Center

      Olive Branch, MS Shopping Center - 3 Suites Available
      7037 Hacks Cross Rd, Olive Branch, MS 38654
      View Details
    • $16 SF/Yr
      2,500 SF

      Retail Space For Rent

      Retail space available for lease in Olive Branch, MS.
      7796 Craft Goodman Rd, Olive Branch, MS 38654
      View Details
    • $8,500 /Mo
      8,000 SF

      Olive Branch Warehouse For Lease

      8,000 SF warehouse with office space available for lease.
      8765 Old Craft Rd, Olive Branch, MS 38654
      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.
    Craft-Goodman Rd & Hwy 78
    Olive Branch, MS 38654
    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!