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    Property profile & analytics

    5036 Goodman Rd Olive Branch, MS 38654

    • Medical space
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0708980
    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

    • Medical space

    Property Details for 5036 Goodman Rd

    Property type
    Medical space

    Description

    Wedgewood Commons, located at 5036 Goodman Road in Olive Branch, Mississippi (zip code 38654), presents a compelling retail investment opportunity. This multi-tenant property offers a diverse range of spaces suitable for restaurants, service businesses, medical offices, or general office use. Situated in Desoto County, the center benefits from its prime location on a high-traffic section of Goodman Road, ensuring excellent visibility and accessibility for potential customers. The property's strategic position within the Memphis Metropolitan Statistical Area (MSA), just minutes from Downtown Memphis, provides access to a large and diverse consumer base. Strong demographics and a desirable tenant mix further enhance the property's appeal. The center's location offers high visibility and excellent traffic counts, making it an ideal choice for businesses seeking a thriving retail environment. This property is an excellent opportunity for investors seeking a well-located, multi-tenant retail center with strong potential for growth and return. The property's latitude and longitude coordinates are 34.96397445173383 and -89.90034965133877 respectively.

    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
    Olive Branch
    County
    Desoto
    State
    Mississippi
    Longitude
    -89.900349651339
    Latitude
    34.963974451734

    Comparable in this City

    • Contact for pricing
      4,000 SF

      Retail End Cap Opportunity

      Up to 4,000 SF available in Kroger-anchored shopping center.
      7411-7465 Goodman Rd, Olive Branch, MS 38654
      View Details
    • Contact for pricing
      2,875 SF

      Freestanding Restaurant Building with Drive-Thru

      2,875 SF restaurant with drive-thru, Kroger outparcel.
      7535 Goodman Rd, Olive Branch, MS 38654
      View Details
    • $2,000 /Mo
      7,344 SF

      New Commercial Space in Olive Branch

      Modern commercial space ideal for retail, office, or service businesses.
      7550 Alexander Rd, Olive Branch, MS 38654
      View Details
    • $2,200 /Mo
      7,344 SF

      New Commercial Space in Olive Branch

      Modern commercial space ideal for retail, office, or service businesses.
      7550 Alexander Rd Lot Bay, Olive Branch, MS 38654
      View Details
    • $2,000 /Mo
      7,344 SF

      New Commercial Space in Olive Branch

      Modern commercial space ideal for retail, office, or service businesses.
      7550 Alexander Rd Lot Bay, Olive Branch, MS 38654
      View Details
    • Contact for pricing

      Olive Branch Retail/Office Space

      Retail and office spaces available for lease in Olive Branch.
      8963 Highway 178, Olive Branch, MS 38654
      View Details

    Similar Nearby for Sale

    • $900,000

      Prime Olive Branch Retail Land

      High-traffic QSR/Restaurant Site
      7575 Goodman Rd, Olive Branch, MS 38654
      View Details
    • $950,000
      7.60 Acres

      Prime Olive Branch Commercial Land

      7.6 Acres, High Visibility, Hwy 78 Access
      0 Chateau Dr & Bethel Rd, Olive Branch, MS 38654
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    • $2,200,000

      Freestanding Restaurant with Drive-Thru

      2,930 SF restaurant with drive-thru on Hacks Cross Road.
      7015 Hacks Cross Rd, Olive Branch, MS 38654
      View Details
    • $120,000
      0.74 Acres

      Olive Branch Office Potential Land

      Land with office potential in Olive Branch, Mississippi.
      Westbranch Rd, Olive Branch, MS 38654
      View Details
    • $3,500,000
      5,570 SF

      Modern Gas Station and Store

      High-performing gas station and convenience store in Olive Branch, MS.
      7641 Hacks Cross Rd, Olive Branch, MS 38654
      View Details
    • $8,665,000
      36,193 SF

      Fully Occupied Retail Center

      Retail center with strong national tenant mix in Olive Branch.
      5155 Goodman Rd, Olive Branch, MS 38654
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,000 SF

      Retail End Cap Opportunity

      Up to 4,000 SF available in Kroger-anchored shopping center.
      7411-7465 Goodman Rd, Olive Branch, MS 38654
      View Details
    • Contact for pricing
      2,875 SF

      Freestanding Restaurant Building with Drive-Thru

      2,875 SF restaurant with drive-thru, Kroger outparcel.
      7535 Goodman Rd, Olive Branch, MS 38654
      View Details
    • $2,000 /Mo
      7,344 SF

      New Commercial Space in Olive Branch

      Modern commercial space ideal for retail, office, or service businesses.
      7550 Alexander Rd, Olive Branch, MS 38654
      View Details
    • $2,200 /Mo
      7,344 SF

      New Commercial Space in Olive Branch

      Modern commercial space ideal for retail, office, or service businesses.
      7550 Alexander Rd Lot Bay, Olive Branch, MS 38654
      View Details
    • $2,000 /Mo
      7,344 SF

      New Commercial Space in Olive Branch

      Modern commercial space ideal for retail, office, or service businesses.
      7550 Alexander Rd Lot Bay, Olive Branch, MS 38654
      View Details
    • Contact for pricing

      Olive Branch Retail/Office Space

      Retail and office spaces available for lease in Olive Branch.
      8963 Highway 178, Olive Branch, MS 38654
      View Details
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    5036 Goodman Rd
    Olive Branch, MS 38654
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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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