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

    1160 Goodman Rd Southaven, MS 38671

    • Commercial real estate
    • 0.60 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0339931
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Kohl's / Department Store
    • SEPHORA at Kohl's / Cosmetic Store

    Property Details for 1160 Goodman Rd

    Lot size
    0.60 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.6-acre pad site, located at 1160 Goodman Road East in Southaven, Mississippi, presents a unique opportunity for retail development. Situated in a high-traffic area, this commercially zoned property offers significant visibility and accessibility. The lot size is ideal for a variety of retail uses, providing ample space for building construction and potential customer parking. The property is designated as a pad site, perfect for a stand-alone building or as an outparcel to an existing development. With its prime location in DeSoto County, this property benefits from a strong local economy and a growing population. The address is 1160 Goodman Rd E, Southaven, MS 38671. The property is zoned for commercial use, ensuring flexibility in development plans. This is a rare opportunity to acquire a well-positioned retail pad site in a thriving Mississippi market. The site's size and location make it an attractive investment for businesses seeking high visibility and convenient access for customers. The property is ready for immediate development, offering a streamlined path to market entry. This is an excellent opportunity to establish a strong retail presence in a high-growth area. The 0.6-acre lot provides ample space for a variety of retail concepts. The property is currently available for lease or purchase.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Southaven
    County
    DeSoto
    State
    Mississippi
    Longitude
    -89.9689044
    Latitude
    34.963914

    Comparable in this City

    • Contact for pricing
      324,801 SF

      Southaven Retail Space Available

      Tanger Outlets: Prime Retail Opportunity
      5205 Airways Blvd, Southaven, MS 38671
      View Details
    • Contact for pricing
      2,450 SF

      Retail Space in Southaven

      Retail space available for lease in Southaven, Mississippi.
      175 Goodman Rd W, Southaven, MS 38671
      View Details
    • $18 SF/Yr
      2,400 SF

      Southaven Retail/Office Space For Lease

      Prime Southaven location, two units available.
      8936 Airways Blvd, Southaven, MS 38671
      View Details
    • $7 SF/Yr
      18,400 SF

      Desoto Plaza: Medical Office Space

      Main Street Southaven Medical Offices
      1219 Main St, Southaven, MS 38671
      View Details
    • Contact for pricing
      104,845 SF

      Southaven Commons Retail Space

      Prime Southaven retail space, multiple units available.
      775-975 Goodman Rd, Southaven, MS 38671
      View Details
    • Contact for pricing
      567,640 SF

      Southaven Towne Center Retail Space

      Prime MS Retail Center, 567K SF
      6474 Towne Center Loop, Southaven, MS 38671
      View Details

    Similar Nearby for Sale

    • $595,000
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      7,150 SF Investment Property

      High-visibility, 100% occupied retail property on 0.75-acre corner parcel.
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      View Details
    • $1,500,000
      4,958 SF

      Former Bank Branch on Airways

      Former bank branch in high-traffic retail corridor.
      7100 Airways Blvd, Southaven, MS 38671
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    • $650,000
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      High-Visibility Retail Lot, Southaven

      Prime I-55 location, high traffic count.
      420 Church Rd Rd, Southaven, MS 38671
      View Details
    • $160,000
      1,100 SF

      Southaven Commercial Property For Sale

      Commercial property with potential for various uses in Southaven, MS.
      55 E Stateline Rd, Southaven, MS 38671
      View Details
    • $900,000
      1.28 Acres

      Southaven Commercial Land - $900K

      1.28 Acres, Prime Southaven Location
      5076 Pepper Chase Dr, Southaven, MS 38671
      View Details
    • $450,000
      0.90 Acres

      Southaven Commercial Land

      0.9-acre medical site, prime location.
      0 Clarington Dr, Southaven, MS 38671
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      324,801 SF

      Southaven Retail Space Available

      Tanger Outlets: Prime Retail Opportunity
      5205 Airways Blvd, Southaven, MS 38671
      View Details
    • Contact for pricing
      2,450 SF

      Retail Space in Southaven

      Retail space available for lease in Southaven, Mississippi.
      175 Goodman Rd W, Southaven, MS 38671
      View Details
    • $18 SF/Yr
      2,400 SF

      Southaven Retail/Office Space For Lease

      Prime Southaven location, two units available.
      8936 Airways Blvd, Southaven, MS 38671
      View Details
    • $7 SF/Yr
      18,400 SF

      Desoto Plaza: Medical Office Space

      Main Street Southaven Medical Offices
      1219 Main St, Southaven, MS 38671
      View Details
    • Contact for pricing
      104,845 SF

      Southaven Commons Retail Space

      Prime Southaven retail space, multiple units available.
      775-975 Goodman Rd, Southaven, MS 38671
      View Details
    • Contact for pricing
      567,640 SF

      Southaven Towne Center Retail Space

      Prime MS Retail Center, 567K SF
      6474 Towne Center Loop, Southaven, MS 38671
      View Details

    Property Visit Statistics

    • Visits by month
      63.1k
    • Visitors by month
      47.6k
    • Avg Time on site
      37 min
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    1160 Goodman Rd
    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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