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    3043 College Rd Southaven, MS 38672
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    Property profile & analytics

    3043 College Rd Southaven, MS 38672

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    • Commercial land
    Off-Market
    Property ID
    US50-0102603
    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

    • Kindercare learning 2 v / Church

    Property Details for 3043 College Rd

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Approximately 310’ of frontage along College Rd Approximately 350’ of frontage along Getwell Rd Property is located on a hard corner with existing traffic signals All utilities available at or near the site

    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
    -89.936206
    Latitude
    34.918172

    Comparable in this City

    • $137,000
      1.37 Acres

      Southaven Land For Sale

      1.37 acre treed lot in growing Southaven area.
      Getwell Rd, Southaven, MS 38672
      View Details
    • Contact for pricing

      Prime Land in Growing Southaven

      Land near amenities in fast-growing Southaven, Mississippi.
      Cobblestone Blvd N, Southaven, MS 38672
      View Details
    • Contact for pricing

      Land For Sale Southaven

      8.17 acres available in Southaven, Mississippi.
      Snowden Ln, Southaven, MS 38672
      View Details
    • $999,990
      Pending

      Southaven Commercial Property For Sale

      Two office buildings on 1.2 acres in high-demand area.
      5185 Getwell Rd, Southaven, MS 38672
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      E & Tchulahoma Rd, Southaven, MS 38672
      View Details
    • Contact for pricing
      12 SF

      Getwell Road Land Opportunity

      Land available on Getwell Road in Southaven, Mississippi.
      5048 Getwell Rd, Southaven, MS 38672
      View Details

    Similar Nearby for Sale

    • $137,000
      1.37 Acres

      Southaven Land For Sale

      1.37 acre treed lot in growing Southaven area.
      Getwell Rd, Southaven, MS 38672
      View Details
    • Contact for pricing

      Prime Land in Growing Southaven

      Land near amenities in fast-growing Southaven, Mississippi.
      Cobblestone Blvd N, Southaven, MS 38672
      View Details
    • Contact for pricing

      Land For Sale Southaven

      8.17 acres available in Southaven, Mississippi.
      Snowden Ln, Southaven, MS 38672
      View Details
    • $999,990
      Pending

      Southaven Commercial Property For Sale

      Two office buildings on 1.2 acres in high-demand area.
      5185 Getwell Rd, Southaven, MS 38672
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      E & Tchulahoma Rd, Southaven, MS 38672
      View Details
    • $963,000
      9.63 Acres

      Southaven Land for Development

      9.63 acres of land in growing Southaven area.
      3774 Getwell Rd, Southaven, MS 38672
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Development Opportunity in Southaven

      Prime commercial land for retail development in a growing area.
      2925 Nail Rd E, Southaven, MS 38672
      View Details
    • Contact for pricing
      5,500 SF

      Southaven Office Space Available

      Office space available for rent in Southaven, Mississippi.
      5740 Getwell Rd, Southaven, MS 38672
      View Details
    • Contact for pricing
      902,720 SF

      Spacious Distribution Warehouse in Southaven

      902,720 SF distribution warehouse with cross-dock loading and ample parking.
      3615 Us-51, Southaven, MS 38672
      View Details
    • Contact for pricing

      Silo Square Retail-Restaurant Space

      New 9,100 SF retail-restaurant space in Silo Square.
      6233 Getwell Rd, Southaven, MS 38672
      View Details
    • Contact for pricing
      802,091 SF

      Spacious Industrial Warehouse For Rent

      802,091 SF warehouse divisible at 389,316 SF.
      711 Venture Dr, Southaven, MS 38672
      View Details
    • Contact for pricing

      Retail/Office Space in Southaven

      Located in a recognizable area with high visibility and access.
      2855 Nail Rd E, Southaven, MS 38672
      View Details
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    Southaven, MS 38672
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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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