Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2220 Hwy 51st S Hernando, MS 38632-1737
    Back to Search
    Property profile & analytics

    2220 Hwy 51st S, Hernando, MS 38632-1737

    View on Map
    • Commercial real estate
    • 4,127 SF
    • 0.82 lot acres
    Off-Market
    Last Sale Nov 1, 2023
    Property ID
    US50-0283276
    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

    • Burch Realty Group, LLC - Hernando Ms / Real Estate Agency
    • Team Couch of Burch Realty Group / Real Estate Agency
    • Angela Ringer | Fairway Independent Mortgage Corporation Loan Officer / Loan Service / Bank
    • Cindy Gordon | Fairway Independent Mortgage Corporation Area Manager / Loan Service / Bank
    • Home Margie Edwards / Loan Service / Bank

    Property Details for 2220 Hwy 51st S

    Year built
    2014
    Construction
    BRICK
    Lot size
    0.82 lot acres
    Zone code
    C-4
    Property type
    Commercial real estate
    APN
    3-08-6-13-00-1-00030-00
    APU
    3086130010003000

    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
    Hernando
    County
    Desoto
    State
    Mississippi
    Longitude
    -89.994
    Latitude
    34.8275
    CBSA code
    32820
    CBSA name
    MEMPHIS, TN-MS-AR 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
    2023
    $5,753
    $0.00
    $0.00
    $41,468
    -
    $25,000
    $251,452
    $276,452

    Comparable in this City

    • Value Estimation by Request

      570 Mcingvale Rd

      Land
      570 Mcingvale Rd, Hernando, MS 38632
      View Details
    • Value Estimation by Request
      0.39 Acres

      2700 Highway 51

      Land
      2700 Highway 51, Hernando, MS 38632
      View Details
    • Value Estimation by Request
      1,800 SF

      310 South St

      Commercial real estate
      310 South St, Hernando, MS 38632
      View Details
    • Value Estimation by Request
      17,820 SF

      3250 Mcingvale Rd

      COMMERCIAL (GENERAL)
      3250 Mcingvale Rd, Hernando, MS 38632-7409
      View Details
    • Value Estimation by Request
      2,412 SF

      2485 Mt Pleasant Rd

      COMMERCIAL (GENERAL)
      2485 Mt Pleasant Rd, Hernando, MS 38632-2002
      View Details
    • Value Estimation by Request
      1,930 SF

      Hernando, MS 38632

      COMMERCIAL (GENERAL)
      Hernando, MS 38632
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Land in Prime Location

      Commercial land with high visibility in a high-traffic area.
      1 Holly Springs Rd, Hernando, MS 38632
      View Details
    • $110,000
      2.45 Acres

      Residential Lot in Hawks Crossing

      Residential lot in a private setting, Lewisburg School district.
      11 Old Barn Cv, Hernando, MS 38632
      View Details
    • $79,900
      3.00 Acres

      Residential Land in Hernando, MS

      3-acre homesite ready for your dream home!
      11050 Elm Dr, Hernando, MS 38632
      View Details
    • $185,000
      0.46 Acres

      Waterfront Lot in Orchard Community

      Waterfront lot in a great location with architectural requirements.
      757 Red Cedar Loop, Hernando, MS 38632
      View Details
    • $400,000
      1,800 SF

      Hernando Commercial Business Opportunity

      Commercial property in the heart of Hernando, zoned C2.
      310 E St S, Hernando, MS 38632
      View Details
    • $250,000
      10.06 Acres

      Hernando Land with Owner Financing

      Large tracts of land near Hernando Square with owner financing.
      5157 S Highway 51, Hernando, MS 38632
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,524 SF

      Modern Office Space Available

      Efficient office spaces with utilities included and ample parking.
      2018 Mcingvale Rd, Hernando, MS 38632
      View Details
    • Contact for pricing

      Renovated Retail or Office Space

      Located off Hernando Square, ideal for retail or office use.
      2425 East St, Hernando, MS 38632
      View Details
    • Contact for pricing

      Retail Spaces in New Development

      Retail spaces for lease in Hernando, Mississippi.
      Mcingvale Rd & Monteith Ave, Hernando, MS 38632
      View Details
    • Contact for pricing

      Hernando Shopping Center For Rent

      70,957 SF shopping center located off Interstate 55.
      2631 Mcingvale Rd, Hernando, MS 38632
      View Details
    • Contact for pricing
      1,050 SF

      Hernando Office Space For Rent

      Office space available in Hernando, Mississippi, approximately 1,050 square feet.
      2575 Caffey St, Hernando, MS 38632
      View Details
    • Contact for pricing

      Hernando Commercial Spaces For Lease

      Accessible Hernando location with flexible office, service, or commercial spaces.
      3450 Mccracken Rd, Hernando, MS 38632
      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.
    2220 Hwy 51st S
    Hernando, MS 38632-1737
    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
    2220 Hwy 51st S, Hernando, MS, 38632
    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!