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

    2014 Highway 45 Meridian, MS 39301

    • Super regional malls
    • 54,623 SF
    • 5.30 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0486631
    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

    • Coinstar / Bank / Credit Union
    • Cardtronics ATM / Atm
    • Event Zona Meridian / Bowling Alley
    • Event Zona - Meridian / Bowling Alley
    • Meridian Discount Tobacco / (Bike/Boat/Book/etc) Store

    Property Details for 2014 Highway 45

    Year built
    1986
    Construction
    WOOD
    Lot size
    5.30 lot acres
    Property size
    54,623 SF
    Property type
    Super regional malls
    APN
    83084234000100100
    APU
    83084234000100100

    Description

    Eastgate Plaza, a single-story retail center in Lauderdale County, offers 70,117 square feet of prime retail space. Built in 1986 and renovated in 1996, this property boasts a strong tenancy with no current vacancies. The center features ample parking with 305 spaces available for customers and employees. The building is comprised of multiple retail units, currently all occupied, ranging in size from approximately 2,196 square feet to 7,200 square feet. There are no elevators in this single-story building. The property's excellent location within Lauderdale County ensures high visibility and accessibility for businesses. Its established presence and consistent occupancy make it an attractive investment opportunity for those seeking a stable and profitable retail portfolio addition. The property's 1996 renovation ensures modern amenities and functionality, attracting a diverse range of tenants. With its substantial square footage and ample parking, Eastgate Plaza presents a compelling opportunity for investors seeking a well-maintained and fully leased retail property in a desirable location. The property's history of successful tenancy speaks to its strong market position and potential for continued growth. Interested parties are encouraged to inquire for further details.

    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
    Meridian
    County
    Lauderdale
    State
    Mississippi
    Longitude
    -88.6793
    Latitude
    32.3773
    CBSA code
    32940
    CBSA name
    MERIDIAN, MS MICROPOLITAN 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
    2023
    $53,134
    $0.00
    $0.00
    $298,974
    -
    $265,000
    $1,728,160
    $1,993,160

    Comparable in this City

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      103 Frontage Rd

      REGIONAL SHOPPING CENTER, MALL • 38,483 SF
      103 Frontage Rd, Meridian, MS 39301-6136
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    • Value Estimation by Request
      14,820 SF

      2012 Hwy 45th N

      REGIONAL SHOPPING CENTER, MALL • 14,820 SF
      2012 Hwy 45th N, Meridian, MS 39301-2735
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    • Value Estimation by Request
      8,000 SF

      547 Bonita Lks Plz

      REGIONAL SHOPPING CENTER, MALL • 8,000 SF
      547 Bonita Lks Plz, Meridian, MS 39301-7014
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      0.11 Acres

      Meridian, MS 39301

      CONVENIENCE STORE • 0.11 Acres
      Meridian, MS 39301
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    • Value Estimation by Request
      0.14 Acres

      2201 19th Ave

      CONVENIENCE STORE • 0.14 Acres
      2201 19th Ave, Meridian, MS 39301-2210
      View Details

    Similar Nearby for Sale

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      Meridian Retail Shopping Center For Sale

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      Freestanding Retail Property For Sale

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      New Retail Strip in Meridian

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      Meridian Commercial Property For Sale

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      Meridian Commercial Building For Sale

      Commercial building in Meridian, MS, suitable for various business types.
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    Similar Nearby for Lease

    • $12 SF/Yr
      41,243 SF

      Retail Space in Meridian Center

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      Retail Space in Bonita Lakes

      42,814 SF retail space with ample parking.
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      Retail Space on Highway 45

      Retail space available in Meridian, Mississippi, on Highway 45.
      2014-2018 Highway 45 N, Meridian, MS 39301
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    • $12 SF/Yr
      7,958 SF

      Meridian Retail Space Sublease Opportunity

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    • Contact for pricing
      70,117 SF

      Eastgate Plaza: Prime Retail Space

      Fully Leased Retail Center, Lauderdale County
      2014 Highway 45, Meridian, MS 39301
      View Details
    • $28 SF/Yr
      13,631 SF

      300 Frontage Rd

      Retail properties • 13,631 SF
      300 Frontage Rd, Meridian, MS 39301
      View Details
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    2014 Highway 45
    Meridian, MS 39301
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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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