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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5080 Venture Dr Southaven, MS 38671

    • Self storage facilities
    • 20.08 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-1520798
    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

    • Self storage facilities

    Property Details for 5080 Venture Dr

    Year built
    2022
    Lot size
    20.08 lot acres
    Property type
    Self storage facilities

    Description

    This exceptional Class A self-storage portfolio comprises five properties totaling 262,760 net rentable square feet and 2,080 units within the rapidly growing Greater Memphis metropolitan area. Four Mississippi locations are situated in DeSoto County, while one is in Tipton County, Tennessee. All facilities boast state-of-the-art features including 24-hour digital video surveillance, fully fenced and gated access with coded entry/exit, paved drive aisles, and large on-site management offices. The Southaven location, a three-story building with excellent I-55 visibility, benefits from the city's strong connectivity to major interstates and its proximity to educational institutions and significant retail development, including the Tanger Outlet Mall. Olive Branch locations leverage proximity to Memphis International Airport (MEM), I-55, and I-78, benefiting from the area's robust economic growth fueled by companies like Amazon, FedEx, and Nissan. The Hernando location offers excellent visibility and convenient access to local government, retail, and community hubs, capitalizing on the county's population growth and strong quality of life. Finally, the Munford, Tennessee location, situated on a 6.74-acre parcel, enjoys easy access to I-40, I-69, and MEM, and benefits from the town's family-friendly atmosphere and convenient amenities. The portfolio includes 1,767 climate-controlled units and 313 non-climate-controlled units. Four properties opened in 2024, and one in 2022, all currently experiencing exceptional lease-up. The portfolio sits on a total of 20.08 acres and consists of 27 buildings. The current occupancy is 25%.

    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
    Southaven
    County
    DeSoto
    State
    Mississippi
    Longitude
    -89.99772146
    Latitude
    34.93457221

    Comparable in this City

    • $1,200,000
      4.00 Acres

      Southaven Self-Storage Land Investment

      Prime 4-acre lot, entitled for self-storage.
      0 Goodman Rd, Southaven, MS 38671
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    • $450,000
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      Southaven Commercial Land - 1.25 Acres

      Prime Southaven location, C-4 zoning, high traffic.
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    • $425,000
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      Versatile Commercial Building in Southaven

      Multi-purpose building with studio, offices, and flex space.
      1310 E Goodman Rd, Southaven, MS 38671
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    • $825,000
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      Southaven Commercial Land - 12 Acres

      Prime Southaven development land, water frontage.
      0 Water Front Dr, Southaven, MS 38671
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    • $450,000
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      Southaven Commercial Land

      0.9-acre medical site, prime location.
      0 Clarington Dr, Southaven, MS 38671
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    • Contact for pricing
      2.65 Acres

      Southaven Commercial Land Opportunity

      2.65 Acres, High-Traffic Commercial Land
      0 Rasco Rd, Southaven, MS 38671
      View Details

    Similar Nearby for Sale

    • $1,200,000
      4.00 Acres

      Southaven Self-Storage Land Investment

      Prime 4-acre lot, entitled for self-storage.
      0 Goodman Rd, Southaven, MS 38671
      View Details
    • $450,000
      1.25 Acres

      Southaven Commercial Land - 1.25 Acres

      Prime Southaven location, C-4 zoning, high traffic.
      0 Church Rd, Southaven, MS 38671
      View Details
    • $425,000
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      Versatile Commercial Building in Southaven

      Multi-purpose building with studio, offices, and flex space.
      1310 E Goodman Rd, Southaven, MS 38671
      View Details
    • $900,000
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      Southaven Commercial Land - $900K

      1.28 Acres, Prime Southaven Location
      5076 Pepper Chase Dr, Southaven, MS 38671
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    • $450,000
      0.90 Acres

      Southaven Commercial Land

      0.9-acre medical site, prime location.
      0 Clarington Dr, Southaven, MS 38671
      View Details
    • Contact for pricing
      2.65 Acres

      Southaven Commercial Land Opportunity

      2.65 Acres, High-Traffic Commercial Land
      0 Rasco Rd, Southaven, MS 38671
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      312,000 SF

      Southaven Warehouse with Cross Docking

      312,000 SF warehouse featuring cross-dock loading and trailer parking.
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    • $15 SF/Yr
      15,000 SF

      Southaven Flex Space For Rent

      15,000 SF flex space available for lease.
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    • $12 SF/Yr
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      Prime Flex Space: Southaven, MS

      5,000 SF Flex Space - High Visibility
      7074 302 Industrial Dr, Southaven, MS 38671
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    • Contact for pricing
      350,356 SF

      Southaven Industrial Space For Lease

      350,356 SF industrial space with convenient logistics access.
      262 Marathon Way, Southaven, MS 38671
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    • Contact for pricing
      2,926 SF

      Healthcare Property in Southaven, MS

      Healthcare property for rent with convenient access to amenities.
      401 Southcrest Cir, Southaven, MS 38671
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    • $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
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    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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