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    4323 Goodman Rd Horn Lake, MS 38637

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    4323 Goodman Rd Horn Lake, MS 38637

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    • Commercial real estate
    • 5,332 SF
    • 3.82 lot acres
    Off-Market
    Property ID
    US50-0886942
    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

    • Commercial real estate

    Property Details for 4323 Goodman Rd

    Year built
    2024
    Lot size
    3.82 lot acres
    Property size
    5,332 SF
    Property type
    Commercial real estate

    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
    Horn Lake
    County
    DeSoto
    State
    Mississippi
    Longitude
    -90.065618
    Latitude
    34.962127

    Comparable in this City

    • Contact for pricing
      4,190 SF

      Hooters NNN Lease Opportunity

      Long-term corporate Hooters absolute NNN lease in Horn Lake, MS.
      982 Goodman Rd, Horn Lake, MS 38637
      View Details
    • $1,600,000

      Horn Lake Commercial Properties For Sale

      Three versatile commercial properties ideal for retail, flex, and industrial use.
      2205 Goodman Rd West, Horn Lake, MS 38637
      View Details
    • $700,000
      4.75 Acres

      Horn Lake Commercial Land Opportunity

      4.75-acre commercial land with approved site plan.
      4683 Goodman Rd, Horn Lake, MS 38637
      View Details
    • $395,000

      Commercial Lots on Goodman Road

      Two commercial lots in Horn Lake, MS, near I-55 and I-69.
      MS 38637 Horn Lake Rd, Horn Lake, MS 38637
      View Details
    • Contact for pricing

      Horn Lake Retail Space Available

      3,986 SF retail space with excellent visibility and access.
      3878 Goodman Rd, Horn Lake, MS 38637
      View Details
    • $799,000
      2,786 SF

      Former Bank Building on Goodman

      2786 SF commercial building with drive-thru and ample parking.
      2304 Goodman Rd, Horn Lake, MS 38637
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,190 SF

      Hooters NNN Lease Opportunity

      Long-term corporate Hooters absolute NNN lease in Horn Lake, MS.
      982 Goodman Rd, Horn Lake, MS 38637
      View Details
    • $1,600,000

      Horn Lake Commercial Properties For Sale

      Three versatile commercial properties ideal for retail, flex, and industrial use.
      2205 Goodman Rd West, Horn Lake, MS 38637
      View Details
    • Contact for pricing

      Horn Lake Retail Space Available

      3,986 SF retail space with excellent visibility and access.
      3878 Goodman Rd, Horn Lake, MS 38637
      View Details
    • $799,000
      2,786 SF

      Former Bank Building on Goodman

      2786 SF commercial building with drive-thru and ample parking.
      2304 Goodman Rd, Horn Lake, MS 38637
      View Details
    • $700,000
      4.75 Acres

      Horn Lake Commercial Land Opportunity

      4.75-acre commercial land with approved site plan.
      4683 Goodman Rd, Horn Lake, MS 38637
      View Details
    • $395,000

      Commercial Lots on Goodman Road

      Two commercial lots in Horn Lake, MS, near I-55 and I-69.
      MS 38637 Horn Lake Rd, Horn Lake, MS 38637
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Freestanding Building with High Visibility

      Freestanding building with drive-thru, ample parking, and high visibility.
      6396 Us-51, Horn Lake, MS 38637
      View Details
    • $15 SF/Yr
      1,200 SF

      Retail Space on Goodman Road

      Retail space available in Horn Lake, Mississippi, built in 1996.
      3042-3058 Goodman Rd, Horn Lake, MS 38637
      View Details
    • $1,000 /Mo
      900 SF

      Retail/Office Space For Lease

      Multi-tenant retail/office space available in Horn Lake, MS.
      7122 Highway 301 N, Horn Lake, MS 38637
      View Details
    • $17 SF/Yr

      Retail Space in Bullfrog Center

      1200 SF retail space in busy shopping center.
      1415 Goodman Rd West, Horn Lake, MS 38637
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space at Signalized Intersection

      Retail spaces available in mixed-use development with high visibility.
      1426 Nail Rd, Horn Lake, MS 38637
      View Details
    • $2,500 /Mo
      1,271 SF

      New Retail Space in Horn Lake

      New retail/commercial space with high visibility and traffic.
      6100 Horn Lk Rd Lot Bay, Horn Lake, MS 38637
      View Details
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    4323 Goodman Rd
    Horn Lake, MS 38637
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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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