Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    147 Lakewood Dr Batesville, MS 38606-3011
    Back to Search
    Property profile & analytics

    147 Lakewood Dr Batesville, MS 38606-3011

    View on Map
    • Turn key restaurants
    • 2,002 SF
    • 1.02 lot acres
    Off-Market
    Property ID
    US50-1784549
    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

    • Turn key restaurants

    Property Details for 147 Lakewood Dr

    Year built
    2001
    Lot size
    1.02 lot acres
    Property size
    2,002 SF
    Property type
    Turn key restaurants
    APN
    318240005400 10001002
    APU
    9223372036854775807

    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
    Batesville
    County
    Panola
    State
    Mississippi
    Longitude
    -89.9252
    Latitude
    34.3106

    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
    2023
    $9,659
    $26,609
    $31,322
    $57,931
    -
    $177,396
    $208,816
    $386,212

    Comparable in this City

    • Value Estimation by Request
      3,743 SF

      651 Hwy 6th E

      RESTAURANT • 3,743 SF
      651 Hwy 6th E, Batesville, MS 38606-3005
      View Details
    • Value Estimation by Request
      3,841 SF

      101 Medical Ctr Dr

      RESTAURANT • 3,841 SF
      101 Medical Ctr Dr, Batesville, MS 38606-8620
      View Details
    • Value Estimation by Request
      1,376 SF

      103 Vick St

      RESTAURANT • 1,376 SF
      103 Vick St, Batesville, MS 38606-9360
      View Details
    • Value Estimation by Request
      3,083 SF

      304 Hwy 6th E

      RESTAURANT • 3,083 SF
      304 Hwy 6th E, Batesville, MS 38606-2629
      View Details
    • Value Estimation by Request
      1,152 SF

      108 Ct St

      RESTAURANT • 1,152 SF
      108 Ct St, Batesville, MS 38606-2209
      View Details
    • Value Estimation by Request
      2,334 SF

      700 Hwy 6th E

      RESTAURANT • 2,334 SF
      700 Hwy 6th E, Batesville, MS 38606-3006
      View Details

    Similar Nearby for Sale

    • $625,000
      1.00 Acre

      Highway Frontage Commercial Lot

      High-traffic commercial lot with highway frontage and development potential.
      624 Highway 6, Batesville, MS 38606
      View Details
    • $87,000
      3,200 SF

      Batesville Commercial Property For Sale

      3,200 square foot commercial property in the heart of Batesville.
      231 Vance St, Batesville, MS 38606
      View Details
    • $89,000
      1,927 SF

      Historic Batesville Commercial Building For Sale

      Historic 1927 SF commercial building near Batesville Town Square.
      102 Panola Ave, Batesville, MS 38606
      View Details
    • $262,500
      75.00 Acres

      75 Acres Hunting Land in Sardis

      75 acres of prime hunting land near Charles Ray Nix WMA.
      Ballentine Rd, Sardis, MS 38606
      View Details
    • $450,000
      25.00 Acres

      Batesville Acreage: Homesites, Equestrian, Hunting

      25 acres in Batesville, MS for homesites, equestrian, or hunting.
      14880 Highway 35 S, Batesville, MS 38606
      View Details
    • $1,600,000
      18,500 SF

      Batesville Industrial Facility Near I-55

      18,500 SF facility on 2 acres near I-55.
      369 Enterprise Dr, Batesville, MS 38606
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Retail Space in Batesville, MS

      3,000 SF retail space available for rent.
      110 Keating Rd, Batesville, MS 38606
      View Details
    • Contact for pricing

      Creative Space with Tenant Improvement

      4,000 SF creative space with offices, breakroom, and bathrooms.
      109 Eureka St, Batesville, MS 38606
      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.
    147 Lakewood Dr
    Batesville, MS 38606-3011
    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
    147 Lakewood Dr, Batesville, MS, 38606
    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!