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    399 Southcrest Ct Southaven, MS 38671

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    399 Southcrest Ct Southaven, MS 38671

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    • Medical Office Space
    Off-Market
    Property ID
    US50-0205883
    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

    • Williams & Hamman Orthodontics / Dental Office
    • Tony D Hooker DDS / Dental Office
    • Oral & Maxillofacial Surgery / Dental Office
    • Carlisle Matt DDS / Dental Office
    • Nathan Hamman / Dental Office

    Property Details for 399 Southcrest Ct

    Property type
    Medical Office Space

    Description

    This 1,900 square foot medical office space is ideally located in Southaven, Mississippi, within DeSoto County's medical district, offering convenient proximity to Baptist DeSoto Hospital. The property at 399 Southcrest Ct, zip code 38671, is a single-tenant building, previously and continuously occupied by an orthodontist practice. The layout includes multiple patient rooms, a reception area, and other features suitable for a variety of medical uses. The space is currently vacant and ready for immediate occupancy. The building's history as an established medical practice provides a turnkey solution for a new tenant, minimizing the need for extensive renovations. Some existing equipment may be available for use by the new tenant, presenting a potential cost savings opportunity. This property presents a unique opportunity for medical professionals seeking a well-located, move-in ready office space in a thriving medical community. The address is 399 Southcrest Ct, Southaven, MS 38671. The property is classified as an Office building with a Medical Office subtype.

    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
    -89.995664113501
    Latitude
    34.969001764886

    Comparable in this City

    • $19 SF/Yr
      1,206 SF

      Medical Office Park Near I-55

      Medical office space for lease near Baptist DeSoto Hospital.
      7900 Airways Blvd, Southaven, MS 38671
      View Details
    • $28 SF/Yr
      1,500 SF

      Office Space on Goodman Road

      Office space for rent in a high-traffic location.
      892 Goodman Rd E, Southaven, MS 38671
      View Details
    • $17 SF/Yr

      Medical Hub Location

      Located in the DeSoto County Medical hub.
      7535 Airways Blvd, Southaven, MS 38671
      View Details
    • Contact for pricing
      2,072 SF

      Healthcare Property in Southaven, MS

      Healthcare property for rent with convenient access to amenities.
      401 Southcrest Cir, 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
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      Southaven Commercial Building For Lease

      3,399 SF suite available in a prime Southaven location.
      8727 Northwest Dr, Southaven, MS 38671
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      3,152 SF

      Southaven Medical Office Building

      3,152 SF building ideal for office or medical use.
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      Former Bank Branch on Airways

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      Southaven Office Investment Opportunity

      9,750 SF office building in Southaven, Mississippi for sale.
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    • New
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      5.32 Acres

      Southaven Commercial Land For Sale

      5.32 acres of commercial land in Southaven, Mississippi.
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    Similar Nearby for Lease

    • $19 SF/Yr
      1,206 SF

      Medical Office Park Near I-55

      Medical office space for lease near Baptist DeSoto Hospital.
      7900 Airways Blvd, Southaven, MS 38671
      View Details
    • $28 SF/Yr
      1,500 SF

      Office Space on Goodman Road

      Office space for rent in a high-traffic location.
      892 Goodman Rd E, Southaven, MS 38671
      View Details
    • $17 SF/Yr

      Medical Hub Location

      Located in the DeSoto County Medical hub.
      7535 Airways Blvd, Southaven, MS 38671
      View Details
    • Contact for pricing
      2,072 SF

      Healthcare Property in Southaven, MS

      Healthcare property for rent with convenient access to amenities.
      401 Southcrest Cir, 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
    • Contact for pricing

      Southaven Commercial Building For Lease

      3,399 SF suite available in a prime Southaven location.
      8727 Northwest Dr, Southaven, MS 38671
      View Details
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    399 Southcrest Ct
    Southaven, MS 38671
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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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