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545 Star Landing Rd Hernando, MS 38651

Commercial land Google Maps
Estimated value
No estimation on file for this property yet.
Property ID US50-0267346

Property summary

AI-generated overview

The available property is on the south side of Star Landing Rd. just west of U.S. Hwy. 51 which is west of I-55 in northern MS. This is an excellent commercial development opportunity at a busy and growing intersection which is contiguous to a “to be developed” retail center. The property is currently zoned AG-Res. however, it is adjacent to areas that are already approved for commercial uses so, it would be reasonable to assume that a zoning change to Commercial would be expected, allowing for a commercial use, resulting in a highest and best use of this property for future commercial development. A major part of this area is being developed or has been developed into residential uses with commercial developments planned or under construction.

Property profile

Verified
Property type Commercial land
UPID US50-0267346

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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