6550 Interstate Dr Horn Lake, MS 38637-1593
L. - PLANNED BUSINESS PARK (PBP). 1. The purpose of the planned business park district is to foster stability and growth in light industry, research and development and similar industries that are enhanced by access to transportation networks and that provide desirable employment opportunities for the general welfare of the community. The planned business pa…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
PBP · Horn Lake, MSL. - PLANNED BUSINESS PARK (PBP). 1. The purpose of the planned business park district is to foster stability and growth in light industry, research and development and similar industries that are enhanced by access to transportation networks and that provide desirable employment opportunities for the general welfare of the community. The planned business park district targets relatively large contiguous land areas that can be developed according to a unified plan in a high quality, campus-like setting rather than on a lot-by-lot basis. The uses and standard in this district re intended to promote flexibility and innovation in site design and enhance the environmental quality and attractiveness of business parks in the community, enhance the natural or scenic qualities of the environment and protect the public health and safety. M. - FLOOD CONTROL OVERLAY DISTRICT (F). 1. The "F" Overlay District is intended to permit certain non-intensive uses in areas that are subject to periodic flooding and to protect such areas from other types of development except where adequate assurance is given that the development will be protected from flooding. The Horn Lake Flood Plain Management Ordinance shall apply to the properties located in this overlay district. The regulations hereinafter shall apply to the property located in this district. District boundaries will be delineated by the Administrator of the Federal Flood Insurance Program on the Flood Hazard Boundary Map or where applicable from the Corps of Engineers Study along with water surface elevations for the one hundred (100) year flood which will be used to determine to what level structures will be elevated or flood-proofed. The "F" Overlay District shall overlay other districts on land located in the flood plains as shown on the Official Zoning Map, which is a part of this ordinance. Such regulations qualify or supplement, as the case may be, the regulations of the base zone district in which such property is located. N. - OLD TOWNE CENTER DISTRICT. 1. The "OTC" District is intended to preserve Horn Lake's historic buildings in an area that is very important to our city's identity and contribution to its special character. The buildings possess unique craftsmanship, architectural designs, and building materials that are irreplaceable. The designation of landmarks, landmark sites, and historic districts is a way to protect the distinctive character of our community's historic resources and preserve its architectural and historical significance.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.