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    Property profile & analytics

    154 Dixie Dr Florence, MS 39073

    • Commercial real estate
    • 7,972 SF
    • 3.23 lot acres
    For Sale
    View listing
    $415,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 154 Dixie Dr

    Year built
    1950
    Lot size
    3.23 lot acres
    Property size
    7,972 SF
    Property type
    Commercial real estate

    Description

    This exceptional 7,972 square foot multipurpose building, situated on a 3.23-acre lot at 154 Dixie Drive in Florence, Mississippi, presents a remarkable opportunity for a variety of uses. Previously operated as a daycare center, the property is ideally suited for continued use in child care or similar community-focused ventures. The building boasts numerous classrooms and offices, providing ample space for educational activities and administrative functions. Two full restrooms and two additional smaller restrooms ensure convenience for occupants. A sizable dining hall is perfect for meals and gatherings. Ample parking is available at the front of the property, a legacy from its previous use as a church, ensuring easy access for visitors. A fenced rear area offers a secure playground space. The property's location near the Highway 49 corridor provides convenient access to the metro Jackson area, while its placement within a friendly neighborhood adds to its appeal. The asking price for this versatile property is $415,000. This property offers a unique blend of space, functionality, and location, making it an exceptional investment opportunity for those seeking to establish or expand a community-oriented business.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.0411
    Latitude
    32.0916

    Comparable in this City

    • Value Estimation by Request
      497,455 SF

      1530 Highway 49

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      1.00 Acre

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      Commercial real estate • 1.00 Acre
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    • Value Estimation by Request
      11.39 Acres

      2407 Us 49

      Land • 11.39 Acres
      2407 Us 49, Florence, MS 39073
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    • Value Estimation by Request
      2,332 SF

      106 Crosspark Dr

      Commercial real estate • 2,332 SF
      106 Crosspark Dr, Florence, MS 39073
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    • Value Estimation by Request
      79,715 SF

      118 Crosspark Dr

      Commercial real estate • 79,715 SF
      118 Crosspark Dr, Florence, MS 39073
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    • Value Estimation by Request
      897,771 SF

      2487 Highway 49

      Commercial real estate • 897,771 SF
      2487 Highway 49, Florence, MS 39073
      View Details

    Similar Nearby for Sale

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      Highway 49 Commercial Land Opportunity

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    • $653,400
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      High-Traffic Commercial Lot in Florence, MS

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      Prime Florence Development Land

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    • $415,000
      7,972 SF

      Florence, MS Multipurpose Building

      Spacious 8,000 sq ft building, ideal for daycare.
      154 Dixie Dr, Florence, MS 39073
      View Details
    • $784,000
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      High-Traffic Commercial Lot in Florence, MS

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    Similar Nearby for Lease

    • $6,000 /Mo
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      Retail Building on Highway 49

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      Florence Retail Center - Highway 49

      Prime Retail Space, Multiple Units Available
      2785 Us 49, Florence, MS 39073
      View Details
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    Florence, MS 39073
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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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