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

    2775 Sunset Dr Grenada, MS 38901

    • Commercial real estate
    • 2.60 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-1882062
    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

    • U-Haul Neighborhood Dealer / Car Rental Facility

    Property Details for 2775 Sunset Dr

    Lot size
    2.60 lot acres
    Property type
    Commercial real estate
    APN
    092 10 058.01

    Description

    This exceptional 2.6-acre commercial property is ideally situated on a corner lot at 2775 Sunset Drive in Grenada, Mississippi (APN: 092 10 058.01), offering unparalleled visibility and accessibility. The property boasts 250 feet of road frontage, providing multiple convenient entrances. Priced at $250,000, this versatile lot presents a significant opportunity. A substantial portion of the land is comprised of hard-packed gravel, while a rear section maintains grassy areas. An existing metal office building is included in the sale. The location benefits from high traffic counts due to its proximity to major roadways, including Interstate I-55. Furthermore, its strategic placement near established businesses such as Tractor Supply, United Rentals, Grenada Nissan, John Deere, and Atmos Energy ensures high visibility and potential for strong customer traffic. City water, sewer, cable, and natural gas services are readily available, enhancing the property's utility and appeal. This property's previous use as a used car lot demonstrates its suitability for a variety of commercial ventures. The combination of location, size, and existing infrastructure makes this a compelling investment opportunity.

    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
    Grenada
    County
    Grenada
    State
    Mississippi
    Longitude
    -89.864768
    Latitude
    33.786696

    Comparable in this City

    • $850,000
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      Prime Commercial Land Opportunity

      3.5 acres of commercial land with highway frontage.
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    • $85,000
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      Grenada Lake Area Land

      8.614 acres near Grenada Lake with utilities available.
      101 Hugh White State Park Rd, Grenada, MS 38901
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    • $225,000
      3.20 Acres

      Grenada, MS Commercial Land Tract

      3.2 acre commercial tract suitable for retail or restaurant.
      3788 Commerce St, Grenada, MS 38901
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    • $70,000
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      Highway 51 South Commercial Land

      Two-acre commercial property with Highway 51 frontage in Grenada, MS.
      Highway 51 South, Grenada, MS 38901
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    • $150,000
      14.00 Acres

      Highway Frontage Development Opportunity

      9-acre parcel suitable for commercial, residential, or mixed-use development.
      14 Acres Hwy 51 - Geeslin Cor, Grenada, MS 38901
      View Details
    • $995,000
      104.00 Acres

      Grenada MS Development Opportunity

      104 acres of land suitable for development in Grenada, MS.
      00 Wooded Dr, Grenada, MS 38901
      View Details

    Similar Nearby for Sale

    • $103,900
      8.90 Acres

      Grenada Lake Area Land

      8.896 acres near Grenada Lake and Hugh White State Park.
      205 Hugh White State Park Rd, Grenada, MS 38901
      View Details
    • $82,900
      7.46 Acres

      Grenada Lake Area Land

      7.46 acres near Grenada Lake, ideal for recreation.
      209 Hugh White State Park Rd, Grenada, MS 38901
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    • $105,000
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      Grenada Lake Area Land

      9.273 acres near Grenada Lake with utilities available.
      806 Hugh White State Park Rd, Grenada, MS 38901
      View Details
    • Contact for pricing
      0.70 Acres

      Vacant Land in Stonebridge

      Vacant lot in Stonebridge subdivision, Grenada, MS.
      23 Stonebridge Dr, Grenada, MS 38901
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    • $399,000
      6.00 Acres

      Prime Commercial Land on Sunset

      6-acre commercial parcel with high visibility and accessibility.
      Acres, Grenada, MS 38901
      View Details
    • $350,000

      Hunter's Paradise Equity Share

      940-acre hunting and recreational property with custom cabins.
      1465 Ward Ln, Grenada, MS 38901
      View Details
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    2775 Sunset Dr
    Grenada, MS 38901
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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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