Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2485 Mt Pleasant Rd Hernando, MS 38632-2002

    • Commercial real estate
    • 2,412 SF
    • 0.47 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0064752
    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

    • Style Therapy by Jaci / Hair Extension Technician / Service Establishment
    • Papa John's Pizza / Pizza Restaurant
    • Elixir Salon / Beauty Salon / Hair Salon

    Property Details for 2485 Mt Pleasant Rd

    Year built
    1987
    Construction
    BRICK
    Lot size
    0.47 lot acres
    Property size
    2,412 SF
    Zone code
    C-2
    Property type
    Commercial real estate
    APN
    3-07-4-18-00-2-00061-02
    APU
    3074180020006102

    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
    Hernando
    County
    Desoto
    State
    Mississippi
    Longitude
    -89.9843
    Latitude
    34.824
    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
    $3,274
    $0.00
    $0.00
    $23,601
    -
    $61,818
    $95,517
    $157,335

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      Delta Lndg

      Land • 1.00 Acre
      0 Delta Lndg, Hernando, MS 38632
      View Details
    • Value Estimation by Request
      4.00 Acres

      Mcingvale Rd

      Land • 4.00 Acres
      0 Mcingvale Rd, Hernando, MS 38632
      View Details
    • Value Estimation by Request
      3,510 SF

      181 Ctr St

      COMMERCIAL (GENERAL) • 3,510 SF
      181 Ctr St, Hernando, MS 38632-2364
      View Details
    • Value Estimation by Request
      2,570 SF

      665 Commerce St

      COMMERCIAL (GENERAL) • 2,570 SF
      665 Commerce St, Hernando, MS 38632
      View Details
    • Value Estimation by Request
      19,367 SF

      2321 Mcingvale Rd

      COMMERCIAL (GENERAL) • 19,367 SF
      2321 Mcingvale Rd, Hernando, MS 38632-8713
      View Details
    • Value Estimation by Request
      5,362 SF

      1576 Monteith Ave Ste A

      COMMERCIAL (GENERAL) • 5,362 SF
      1576 Monteith Ave Ste A, Hernando, MS 38632-7662
      View Details

    Similar Nearby for Sale

    • $238,000
      0.39 Acres

      Hernando Commercial Land Investment

      Prime .39-acre commercial lot in Hernando, MS
      2700 Highway 51, Hernando, MS 38632
      View Details
    • $602,000
      4.60 Acres

      Hernando Industrial Land - I-55 Access

      4.6 Acres, M-2 Zoning, Prime Location
      3402 Industrial Dr, Hernando, MS 38632
      View Details
    • Contact for pricing
      1.00 Acre

      Delta Landing: Hernando, MS

      Mixed-use development, prime location.
      0 Delta Lndg, Hernando, MS 38632
      View Details
    • $1,090,000
      4.00 Acres

      Hernando Commercial Land - 4 Acres

      Prime Commercial Lot, High Traffic Area
      0 Mcingvale Rd, Hernando, MS 38632
      View Details
    • Contact for pricing

      Madison Lakes

      Land
      570 Mcingvale Rd, Hernando, MS 38632
      View Details
    • Contact for pricing

      Land Approved for Storage Facility

      10.2 acre industrial land approved for parking or storage.
      635 Whitfield Dr, Hernando, MS 38632
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      2,524 SF

      Modern Office Space Available

      Efficient office spaces with utilities included and ample parking.
      2018 Mcingvale Rd, Hernando, MS 38632
      View Details
    • $33 SF/Yr
      540 SF

      Hernando Square Executive Office Suites

      Prestigious Hernando, MS office space available.
      2555 Caffey St, Hernando, MS 38632
      View Details
    • Contact for pricing

      Retail Center in Hernando, Mississippi

      Retail spaces available for lease in new shopping center.
      Mcingvale Rd And Monteith Ave, Hernando, MS 38632
      View Details
    • Contact for pricing

      Retail Space Near Interstate 55

      Retail space available near Interstate 55 in Hernando, Mississippi.
      12 East Commerce St, Hernando, MS 38632
      View Details
    • $18 SF/Yr
      1,800 SF

      Hernando Commercial Space For Lease

      1,800 SF commercial bay on Hwy 51, Hernando, MS.
      341 Wheeler Rd, Hernando, MS 38632
      View Details
    • $20 SF/Yr
      4,608 SF

      Hernando Medical Office Space

      Medical office space in the heart of Hernando.
      124 W Commerce St, 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.
    2485 Mt Pleasant Rd
    Hernando, MS 38632-2002
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.