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    6518 Goodman Rd Olive Branch, MS 38654
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    6518 Goodman Rd Olive Branch, MS 38654

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    • Commercial real estate
    • 31,200 SF
    For Lease
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    Retail Space in Olive Branch For Lease
    Contact for pricing
    2,000 SF

    Retail Space in Olive Branch

    2000 SF retail space available for rent.

    6518 Goodman Rd, Olive Branch, MS
    View Listing
    Property ID
    US50-0999611
    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 6518 Goodman Rd

    Year built
    2015
    Property size
    31,200 SF
    Property type
    Commercial real estate

    Description

    This exceptional Class A retail space, totaling 31,200 square feet, is situated in the thriving Malco Collection shopping center at 6518 Goodman Rd, Olive Branch, MS 38654. Built in 2015, the property offers multiple tenancy options, with one 2,000 square foot space currently available. Enjoy high visibility and accessibility from Goodman Road, boasting an impressive 38,000 average daily traffic count. Its strategic location provides convenient access from Olive Branch, Southaven, and Memphis, further enhanced by its proximity to Highway 78 (29,000 ADT). The center benefits from strong anchor tenants, including the Malco Olive Branch Cinema Grill, Red Fish restaurant, and Wolf River Bricket, creating a vibrant and attractive shopping destination. This property presents a unique opportunity for businesses seeking high-traffic exposure and a prime location within a successful retail development. The space is ideal for a variety of retail or restaurant uses. Contact us today to learn more about this exceptional opportunity.

    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
    Olive Branch
    County
    Desoto
    State
    Mississippi
    Longitude
    -89.875247749471
    Latitude
    34.962594306154

    Comparable in this City

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      Retail Space in New Center

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      Retail Space in Olive Branch

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      Retail Space with Ample Parking

      Retail space for rent with high parking ratio.
      8230 Camp Creek Rd, Olive Branch, MS 38654
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      1,500 SF

      Olive Branch Retail Center Space

      Retail spaces available in Olive Branch, Mississippi shopping center.
      7108-7164 Hacks Cross Rd, Olive Branch, MS 38654
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    • $16 SF/Yr
      2,500 SF

      Retail Space For Rent

      Retail space available for lease in Olive Branch, MS.
      7796 Craft Goodman Rd, Olive Branch, MS 38654
      View Details

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      Freestanding Restaurant with Drive-Thru

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      Mixed-Use Development Opportunity

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      New Retail Strip Center

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      Olive Branch Retail Center For Sale

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    Similar Nearby for Lease

    • 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
    • Contact for pricing

      Retail Space in New Center

      Retail space available in newly constructed Olive Branch strip center.
      9150 Hacks Cross Rd, Olive Branch, MS 38654
      View Details
    • Contact for pricing

      Retail Space in Olive Branch

      Neighborhood center with available space in a high-traffic area.
      8100-8120 Cp Crk Blvd, Olive Branch, MS 38654
      View Details
    • Contact for pricing
      2,600 SF

      Retail Space with Ample Parking

      Retail space for rent with high parking ratio.
      8230 Camp Creek Rd, Olive Branch, MS 38654
      View Details
    • Contact for pricing
      1,500 SF

      Olive Branch Retail Center Space

      Retail spaces available in Olive Branch, Mississippi shopping center.
      7108-7164 Hacks Cross Rd, Olive Branch, MS 38654
      View Details
    • $16 SF/Yr
      2,500 SF

      Retail Space For Rent

      Retail space available for lease in Olive Branch, MS.
      7796 Craft Goodman Rd, Olive Branch, MS 38654
      View Details
    View Listing
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    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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