Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    521 Bonita Dr Meridian, MS 39301
    Back to Search
    Property profile & analytics

    521 Bonita Dr, Meridian, MS 39301

    View on Map
    • Commercial land
    • 1,891 SF
    For Sale
    $115,000
    View Listing →
    Commercial Property Near Interstate For Sale
    $115,000
    1,891 SF

    Commercial Property Near Interstate

    Commercial property near I-20/59 with redevelopment potential.

    521 Bonita Drive, Meridian, MS 39301
    View Listing
    Property ID
    US50-0487084
    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 land

    Property Details for 521 Bonita Dr

    Property type
    Commercial land
    Property subtype
    Retail properties & Spaces

    Description

    Super Commercial Property just South of I-20/59 and a block off Hwy 19s. Zoned Commercial (B-4) and located on an approximately 0.65 acre corner lot. This property is about 100ft from Sams parking Lot (see the photos). Tons of possibilities for re-development. There is an 1800sf home on the property that is a solid house - it just needs a updates. This property could easily be combined with the property next door (which is also for sale, mls 23-892 for one very nice commercial property to develop).

    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
    Meridian
    County
    Lauderdale
    State
    Mississippi
    Longitude
    -88.6675705
    Latitude
    32.3679611

    Comparable in this City

    • Contact for pricing

      Commercial Development Site For Sale

      Commercial development site with direct access to industry and businesses.
      0000 Jimmy Rodgers, Meridian, MS 39301
      View Details
    • Contact for pricing
      9,900 SF

      Downtown Development Opportunity

      Two-story brick building in downtown Meridian ready for development.
      2333 4Th St, Meridian, MS 39301
      View Details
    • Contact for pricing

      Lauderdale County Land For Sale

      5 acres of commercial land in high-growth area.
      821 Bonita Dr, Meridian, MS 39301
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Development Site For Sale

      Commercial development site with direct access to industry and businesses.
      0000 Jimmy Rodgers, Meridian, MS 39301
      View Details
    • Contact for pricing
      9,900 SF

      Downtown Development Opportunity

      Two-story brick building in downtown Meridian ready for development.
      2333 4Th St, Meridian, MS 39301
      View Details
    • Contact for pricing

      152.5 Acres Commercial Development Land

      Commercial real estate for development near major highways.
      000 Interstate 20 / 59, Meridian, MS 39301
      View Details
    • Contact for pricing

      Commercial Land For Development

      20 acres of commercial real estate for development in Meridian.
      000 Us-80, Meridian, MS 39301
      View Details
    • $315,000
      62.76 Acres

      Commercial/Industrial Land in Bonita Lakes

      62.76+/- acres in a desirable commercial corridor.
      0000 Virginia Dr, Meridian, MS 39301
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,500 SF

      Retail Space in Meridian, MS

      Retail space available for lease in Meridian, Mississippi.
      103 S Frontage Rd, Meridian, MS 39301
      View Details
    • $10 SF/Yr
      39,500 SF

      Retail Space in Bonita Lakes

      42,814 SF retail space with ample parking.
      1003 Bonita Lakes Cir, Meridian, MS 39301
      View Details
    • Contact for pricing

      Retail Center in Meridian Corridor

      Retail spaces available in high-traffic Meridian location with drive-thru.
      200 N Frontage Rd, Meridian, MS 39301
      View Details
    • $12 SF/Yr

      Retail Space in Meridian Center

      Retail space available in high-traffic Meridian Town Center.
      110 15Th Pl S, Meridian, MS 39301
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease at 2014 Hwy 45 N.
      2014 Highway 45 N, Meridian, MS 39301
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    521 Bonita Dr
    Meridian, MS 39301
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    521 Bonita Dr, Meridian, MS, 39301
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!