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

    New Goodman Rd Ms-302 & Craft-Goodman Rd Olive Branch, MS 38654

    • Land
    • 17.18 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 New Goodman Rd Ms-302 & Craft-Goodman Rd

    Lot size
    17.18 lot acres
    Property type
    Land

    Description

    This exceptional 17.18-acre commercial land parcel presents a prime development opportunity in Olive Branch, Mississippi. Located at the intersection of New Goodman Road (MS-302) and Craft-Goodman Road, this site boasts exceptional visibility and accessibility. The property is ideally suited for a mixed-use development, encompassing retail, restaurant, and hotel services. Several outparcels are available, ranging in size from 0.79 acres to 2.27 acres, allowing for flexibility in development plans. Building sizes for retail spaces can accommodate needs from 3,000 square feet to 7,100 square feet. This location benefits from high traffic counts, with New Goodman Road recording 30,000 average annual daily traffic (AADT) and US Highway 78 registering 34,000 AADT. The property's strategic position is further enhanced by its proximity to a thriving retail environment, including established businesses such as Walmart, Lowe's, Home Depot, Kroger, Chick-fil-A, Starbucks, and Buffalo Wild Wings. This presents a unique chance to capitalize on a high-traffic area with strong existing retail anchors, ensuring high visibility and potential for significant return on investment. The property is situated in DeSoto County, Mississippi, with a zip code of 38654. This is a rare opportunity to acquire a substantial tract of land in a rapidly growing area.

    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
    -89.8456
    Latitude
    34.9632

    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

    • $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
    • $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
    • Contact for pricing
      0.59 Acres

      Olive Branch Commercial Land Opportunity

      Prime C-2 zoned land, high traffic area.
      0 Hacks Cross Rd, Olive Branch, MS 38654
      View Details
    • $1,139,530
      8.72 Acres

      Goodman Rd Retail Land

      8.72 Acres, High-Traffic Location
      0 8.72 Goodman Rd, 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
    • $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

    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
      161,412 SF

      Olive Branch Retail Space Available

      Prime Retail Space, DeSoto County, MS
      5077 Goodman Rd, Olive Branch, MS 38654
      View Details
    • Contact for pricing
      605,427 SF

      Olive Branch Industrial Property

      605,427 SF industrial property in Olive Branch, Mississippi.
      9105 Hacks Cross 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
    • Contact for pricing
      1,500 SF

      Retail Space in High-Traffic Area

      New construction retail space in a high-traffic industrial hub.
      9180 Hacks Cross 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.
    New Goodman Rd Ms-302 & Craft-Goodman Rd
    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.
    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.