Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    118 Service Dr Brandon, MS 39042-2426
    Back to Search
    Property profile & analytics

    118 Service Dr Brandon, MS 39042-2426

    View on Map
    • Strip malls
    • 29,675 SF
    Off-Market
    Property ID
    US50-0188567
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • OneMain Financial / Loan Service
    • Traditions Childrens Resale / Discount Store / (Bike/Boat/Book/etc) Store
    • Bonfire Grill / Restaurant
    • Mazzio's Italian Eatery / Restaurant
    • MERLE NORMAN COSMETICS STUDIO / Cosmetic Store

    Property Details for 118 Service Dr

    Year built
    1993
    Property size
    29,675 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    H08N000018 00100
    APU
    H08N00001800100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Brandon
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.0259
    Latitude
    32.2827
    CBSA code
    27140
    CBSA name
    JACKSON, MS METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2019
    $33,943
    $0.00
    $0.00
    $290,865
    -
    $440,760
    $1,498,340
    $1,939,100

    Comparable in this City

    • Value Estimation by Request
      10,252 SF

      1323 Government St

      SHOPPING CENTER, STRIP CENTER • 10,252 SF
      1323 Government St, Brandon, MS 39042-3084
      View Details
    • Value Estimation by Request
      6,074 SF

      1530 Government St

      SHOPPING CENTER, STRIP CENTER • 6,074 SF
      1530 Government St, Brandon, MS 39042-2775
      View Details
    • Value Estimation by Request
      10,178 SF

      2155 Hwy 18

      SHOPPING CENTER, STRIP CENTER • 10,178 SF
      2155 Hwy 18, Brandon, MS 39042-2773
      View Details
    • Value Estimation by Request
      20,519 SF

      315 Crossgates Blvd

      SHOPPING CENTER, STRIP CENTER • 20,519 SF
      315 Crossgates Blvd, Brandon, MS 39042-2602
      View Details
    • Value Estimation by Request
      18,008 SF

      Crossway Ln

      SHOPPING CENTER, STRIP CENTER • 18,008 SF
      Crossway Ln, Brandon, MS 39042
      View Details
    • Value Estimation by Request
      3,504 SF

      280 Government St

      SHOPPING CENTER, STRIP CENTER • 3,504 SF
      280 Government St, Brandon, MS 39042-3168
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Space in Crossgates Landing

      Prime retail space in high-traffic Brandon retail center.
      1490 W Government St, Brandon, MS 39042
      View Details
    • $4,032,000
      10.08 Acres

      Stonebridge Mixed-Use Development Opportunity

      Large-scale mixed-use development with retail and residential potential.
      Stonebridge Blvd, Brandon, MS 39042
      View Details
    • $9,727,000
      46.79 Acres

      Prime Retail Development Land Parcel

      40.53 acre retail parcel with high visibility.
      Stonebridge Blvd, Brandon, MS 39042
      View Details
    • $1,233,000
      2.57 Acres

      Retail Parcel in Stonebridge

      Retail parcel suitable for various commercial uses in Brandon, MS.
      Stonebridge Blvd, Brandon, MS 39042
      View Details
    • $1,382,000
      2.88 Acres

      Retail Parcel in Stonebridge

      Retail parcel with frontage and accessibility in mixed-use development.
      Stonebridge Blvd, Brandon, MS 39042
      View Details
    • Contact for pricing
      3,900 SF

      New Restaurant Property For Sale

      New construction restaurant property with long-term lease and rent increases.
      316 Stribling Ln, Brandon, MS 39042
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Crossgates Blvd Commercial Space Available

      Flexible commercial space for sale or lease in Brandon, MS.
      346 Crossgates Blvd, Brandon, MS 39042
      View Details
    • $32 SF/Yr
      19,422 SF

      Upscale Mixed-Use Destination

      New construction with office, retail, and residential spaces available.
      215 Hts Dr, Brandon, MS 39042
      View Details
    • Contact for pricing
      2,565 SF

      Retail Space in Brandon, MS

      Retail space available for lease in Brandon, Mississippi.
      107 Felicity St, Brandon, MS 39042
      View Details
    • Contact for pricing

      Restaurant Space in Downtown Brandon

      Restaurant space on main street near schools in downtown Brandon.
      613 W Government St, Brandon, MS 39042
      View Details
    • Contact for pricing

      Retail Space in Crossgates Landing

      Retail space available in a premier Brandon shopping center.
      1450 W Government St, Brandon, MS 39042
      View Details
    • Contact for pricing
      1,350 SF

      Retail Space Available For Rent

      Retail space available for lease in Brandon, Mississippi.
      2155 Highway 18, Brandon, MS 39042
      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.
    118 Service Dr
    Brandon, MS 39042-2426
    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

    Thank You for Inquiry
    118 Service Dr, Brandon, MS, 39042
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!