Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    720 Goodman E Rd Southaven, MS 38671-9530
    Back to Search
    Property profile & analytics

    720 Goodman E Rd, Southaven, MS 38671-9530

    View on Map
    • Office Spaces
    • 3,422 SF
    • 1.36 lot acres
    Off-Market
    Property ID
    US50-0155069
    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

    • David Hailey REALTOR w/ Turn Key Realty Group / Real Estate Agency
    • Gina Wigington Turn Key Realty Group, Realtor / Real Estate Agency
    • Turn Key Realty Group / Real Estate Agency
    • Melissa Crosno w/Turn Key Realty Group and Southern Magnolia Property Management / Real Estate Agency

    Property Details for 720 Goodman E Rd

    Year built
    1970
    Construction
    BRICK
    Lot size
    1.36 lot acres
    Zone code
    PUD
    Property type
    Office Spaces
    APN
    1-07-9-30-07-0-00001-00
    APU
    1079300700000100

    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
    Southaven
    County
    Desoto
    State
    Mississippi
    Longitude
    -89.9775
    Latitude
    34.9634
    CBSA code
    32820
    CBSA name
    MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,020
    $0.00
    $0.00
    $55,279
    -
    $173,804
    $194,723
    $368,527

    Comparable in this City

    • Value Estimation by Request
      2,650 SF

      9260 Hwy 51st N

      OFFICE (GENERAL)
      9260 Hwy 51st N, Southaven, MS 38671-1235
      View Details
    • Value Estimation by Request
      3,837 SF

      1310 Goodman E Rd

      OFFICE (GENERAL)
      1310 Goodman E Rd, Southaven, MS 38671-9542
      View Details
    • Value Estimation by Request
      6,983 SF

      1090 Main St, Unit C

      OFFICE (GENERAL)
      1090 Main St, Southaven, MS 38671-1426
      View Details
    • Value Estimation by Request
      3,013 SF

      1607 Stateline E Rd

      OFFICE (GENERAL)
      1607 Stateline E Rd, Southaven, MS 38671-9327
      View Details
    • Value Estimation by Request
      1,600 SF

      1975 Stateline W Rd

      OFFICE (GENERAL)
      1975 Stateline W Rd, Southaven, MS 38671-1218
      View Details
    • Value Estimation by Request
      2,424 SF

      7464 Tchulahoma Rd

      OFFICE (GENERAL)
      7464 Tchulahoma Rd, Southaven, MS 38671-9249
      View Details

    Similar Nearby for Sale

    • $750,000
      5.32 Acres

      Southaven Commercial Land For Sale

      5.32 acres of commercial land in Southaven, Mississippi.
      771 W Church Rd, Southaven, MS 38671
      View Details
    • Contact for pricing

      Development Land I-55 Visibility

      Cleared land with I-55 visibility, suitable for various developments.
      55 Church Rd East, Southaven, MS 38671
      View Details
    • Contact for pricing
      3,152 SF

      Southaven Medical Office Building

      3,152 SF building ideal for office or medical use.
      7732 Airways Blvd, Southaven, MS 38671
      View Details
    • $1,223,000

      Southaven Office Investment Opportunity

      9,750 SF office building in Southaven, Mississippi for sale.
      1926 First Commercial Dr, Southaven, MS 38671
      View Details
    • Contact for pricing

      Prime Commercial Land Opportunity

      Two parcels of land ideal for retail or office development.
      6296 Airways Blvd, Southaven, MS 38671
      View Details
    • Contact for pricing
      4,958 SF

      Former Bank Branch on Airways

      Former bank branch in high-traffic retail corridor.
      7100 Airways Blvd, Southaven, MS 38671
      View Details

    Similar Nearby for Lease

    • $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
    • Contact for pricing

      Warehouse/Office Space For Lease

      Ideal warehouse/office space with high visibility and accessibility.
      7074 302 Industrial Dr, Southaven, MS 38671
      View Details
    • Contact for pricing

      Prime Retail/Office Space Available

      Turn-key office space near major tenants, high visibility location.
      521 Stateline Rd, Southaven, MS 38671
      View Details
    • $19 SF/Yr
      1,206 SF

      Medical Office Park Near I-55

      Medical office space for lease near Baptist DeSoto Hospital.
      7900 Airways Blvd, Southaven, MS 38671
      View Details
    • Contact for pricing
      1,937 SF

      Freestanding Office Buildings For Lease

      Proposed single-story office buildings available for lease.
      Getwell Rd & Frst Bnd Dr, Southaven, MS 38671
      View Details
    • Contact for pricing

      Southaven Commercial Building For Lease

      3,399 SF suite available in a prime Southaven location.
      8727 Northwest Dr, Southaven, MS 38671
      View Details
    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.
    720 Goodman E Rd
    Southaven, MS 38671-9530
    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
    720 Goodman E Rd, Southaven, MS, 38671
    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!