Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2955 Church E Rd Southaven, MS 38671-9767
    Back to Search
    Property profile & analytics

    2955 Church E Rd Southaven, MS 38671-9767

    View on Map
    • Drug stores
    • 13,752 SF
    • 2.00 lot acres
    For Lease
    View Listing →
    Southaven Land For Sale For Lease
    Contact for pricing

    Southaven Land For Sale

    2.0 AC lot suitable for retail or office development.

    2955 Church Rd E, Southaven, MS
    View Listing
    Property ID
    US50-0295206
    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

    • CVS Photo / (Bike/Boat/Book/etc) Store
    • CVS Pharmacy / Pharmacy
    • MoneyGram / Bank / Credit Union
    • CVS / Pharmacy
    • Redbox / Cinema / (Bike/Boat/Book/etc) Store

    Property Details for 2955 Church E Rd

    Year built
    2009
    Construction
    MIXED
    Lot size
    2.00 lot acres
    Property size
    13,752 SF
    Zone code
    C-4
    Property type
    Drug stores
    APN
    2-07-2-09-13-0-00001-00
    APU
    2072091300000100

    Description

    This exceptional 2-acre commercial lot in Southaven, Mississippi, presents a remarkable investment opportunity. Located at 2955 Church Road E, this property boasts a prime location at the corner of Church Road E and Get Well Road, directly adjacent to a CVS drug store. The lot offers 275 feet of frontage on Church Road E and a depth of 316 feet, providing ample space for a variety of commercial developments. With high traffic counts—19,000 vehicles per day on Church Road and over 20,000 on Get Well Road—this site enjoys exceptional visibility and accessibility. The permitted zoning is commercial, making it ideal for a strip center, convenience store, free-standing retail building, restaurant, fast-food establishment, or medical/professional office building. Nearby retailers include Kroger, Target, Academy Sports, Hobby Lobby, Walmart, Walgreens, Home Depot, and Lowe's, indicating a strong and established retail environment. The property's APN is 207209130 0000200. This is a rare chance to acquire a highly visible and strategically located parcel in a thriving commercial area. Don't miss this chance to capitalize on this exceptional opportunity.

    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
    Southaven
    County
    Desoto
    State
    Mississippi
    Longitude
    -89.9374
    Latitude
    34.9327
    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
    $33,697
    $0.00
    $0.00
    $232,601
    -
    $871,200
    $679,476
    $1,550,676

    Comparable in this City

    • Value Estimation by Request
      14,910 SF

      2996 Church E Rd

      DRUG STORE, PHARMACY • 14,910 SF
      2996 Church E Rd, Southaven, MS 38671-9825
      View Details
    • Value Estimation by Request
      14,195 SF

      55 Goodman W Rd

      DRUG STORE, PHARMACY • 14,195 SF
      55 Goodman W Rd, Southaven, MS 38671-9447
      View Details
    • Value Estimation by Request
      13,364 SF

      8819 Nwnw Dr

      FINANCIAL BUILDING • 13,364 SF
      8819 Nwnw Dr, Southaven, MS 38671-2411
      View Details
    • Value Estimation by Request
      12,116 SF

      7125 Airways Blvd

      FINANCIAL BUILDING • 12,116 SF
      7125 Airways Blvd, Southaven, MS 38671-6103
      View Details
    • Value Estimation by Request
      28,514 SF

      925 Stateline E Rd

      RETAIL STORES (PERSONAL SERVICES) • 28,514 SF
      925 Stateline E Rd, Southaven, MS 38671
      View Details
    • Value Estimation by Request
      2,689 SF

      8619 Hwy 51st N

      FINANCIAL BUILDING • 2,689 SF
      8619 Hwy 51st N, Southaven, MS 38671-3635
      View Details

    Similar Nearby for Sale

    • $2,000,000
      9,545 SF

      Retail Space Available For Lease

      9,545 SF retail space for lease at $19.00/SF/yr.
      7457 Airways Blvd, Southaven, MS 38671
      View Details
    • Contact for pricing
      4,958 SF

      Former Bank Branch on Airways

      Former bank branch in high-traffic retail corridor.
      7100 Airways Blvd, Southaven, MS 38671
      View Details
    • Contact for pricing

      Prime Commercial Land Opportunity

      Two parcels of land ideal for retail or office development.
      6296 Airways Blvd, Southaven, MS 38671
      View Details
    • Contact for pricing

      Development Land I-55 Visibility

      Cleared land with I-55 visibility, suitable for various developments.
      55 Church Rd East, Southaven, MS 38671
      View Details
    • $160,000
      1,100 SF

      Southaven Commercial Property For Sale

      Commercial property with potential for various uses in Southaven, MS.
      55 E Stateline Rd, Southaven, MS 38671
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,400 SF

      Retail Space in Southaven

      Retail space available for lease in Southaven, Mississippi.
      175 Goodman Rd W, Southaven, MS 38671
      View Details
    • $10 SF/Yr
      9,862 SF

      Retail Space in Prime Location

      9,862 SF retail space in Southaven, MS corridor.
      7065 Airways Blvd, Southaven, MS 38671
      View Details
    • $15 SF/Yr
      15,000 SF

      Southaven Flex Space For Rent

      15,000 SF flex space available for lease.
      7168 Moore Dr, Southaven, MS 38671
      View Details
    • $18 SF/Yr
      2,400 SF

      Southaven Retail/Office Space For Lease

      Prime Southaven location, two units available.
      8936 Airways Blvd, Southaven, MS 38671
      View Details
    • Contact for pricing

      Southaven Shopping Center Retail Space

      Retail spaces available in a busy Southaven shopping center.
      775-975 Goodman Rd E, Southaven, MS 38671
      View Details
    • Contact for pricing

      Southaven Shopping Center For Rent

      104,845 SF shopping center at Goodman and Swinnea Road.
      775-975 Goodman Rd E, Southaven, MS 38671
      View Details
    View Listing
    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.
    2955 Church E Rd
    Southaven, MS 38671-9767
    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
    2955 Church E Rd, Southaven, MS, 38671
    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!