Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    111 E Gresham St Indianola, MS 38751

    Sponsored
    For Sale
    $135,000

    MULTI_FAMILY - Indianola, MS

    Property size:
    1,445 SF
    Lot size:
    0.43 Acres
    Days on Market:
    12
    Last Refresh:
    Feb 23 at 8:06 pm

    Property Features for 111 E Gresham St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 3, Laundry Room, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 1
    Bedrooms
    3
    Bathrooms
    2
    APN
    119l-31-00-191.00
    Size
    1,445 SF
    Lot size
    0.43 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1965
    Floors in Building
    1
    Roof type
    Shingle

    We can help!

    Listing Contact
    Diamond D Spiller

    Tom Smith Land and Homes (601) 454-9397

    Listing agent Diamond D Spiller (662) 441-2500 License #S-60388

    Listing date Feb 12, 2026

    MLS# 4138980

    Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Retail Property in Indianola, MS

    This retail property, located in Indianola, Mississippi, offers 1,445 square feet of space on a 0.43-acre lot. The property is situated in Sunflower County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indianola
    County
    Sunflower
    State
    Mississippi
    Longitude
    -90.648952
    Latitude
    33.456305

    Nearby Similar for Sale

    • $295,000
      6,277 SF

      Indianola Multifamily Property For Sale

      Multifamily property in Indianola, Mississippi, totaling 6,277 square feet.
      107 E Percy St, Indianola, MS 38751
      View Details
    • $315,000
      7,120 SF

      Indianola Commercial Property For Sale

      Commercial property suitable for retail, restaurant, or development in Indianola.
      112 Court Ave, Indianola, MS 38751
      View Details
    • $165,000
      Pending

      Indianola Multi-Family Property For Sale

      1.4 acre multi-family property with updated features in Indianola, MS.
      610 Marie Rd, Indianola, MS 38751
      View Details
    • $126,500
      Pending

      Indianola Office Space For Sale

      Sunflower County office space near the Courthouse. Turn-key and operational.
      200 Second St, Indianola, MS 38751
      View Details
    • $165,000
      1,800 SF

      Indianola Retail Space For Sale

      Highway frontage retail space with income-producing billboard.
      421 Highway 82 W, Indianola, MS 38751
      View Details
    • $59,500
      1,400 SF

      Prime Indianola Retail Space

      1,400 sq ft Retail Building, $59,500
      101 Front Ave, Indianola, MS 38751
      View Details
    • $325,000
      230,868 SF

      Prime Indianola Commercial Land

      High-traffic location, ready for development.
      1 Highway 82, Indianola, MS 38751
      View Details
    • $126,500

      Turn-Key Office Space Available

      Updated office space across from Sunflower County Courthouse, ready for operation.
      200 Second St, Indianola, MS 38751
      View Details
    • $475,000
      8,449 SF

      Indianola Commercial Property

      High-traffic location, versatile building
      1319 Highway 82, Indianola, MS 38751
      View Details
    • $165,000

      Highway Front Retail Space Available

      Retail space on Highway 82 with income-producing billboard.
      421 Highway 82 W, Indianola, MS 38751
      View Details
    • $535,000
      3,216 SF

      498 Highway 448, Indianola, MS 38751

      Commercial real estate • 3,216 SF
      498 Highway 448, Indianola, MS 38751
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail property for sale in Indianola, Mississippi.
    Where is this retail space located?
    The property is located at 111 E Gresham St Indianola, MS.
    What is the asking price?
    The asking price for this property is $135,000.
    What are key features of this property?
    This property features: - Public water source connected.; - Public sewer connected.; - Shingle roof.
    (636) 484-1985
    Request Owner's contact information
    111 E Gresham St Indianola, MS 38751
    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.
    111 E Gresham St
    Indianola, MS 38751
    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
    111 E Gresham St Indianola, MS 38751
    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

    We can help!
    Listing Contact
    Diamond D Spiller
    Real Estate License ID: S-60388
    (636) 484-1985 (662) 441-2500
    Learn more
    Google sign-in failed. Please try again or use another login method.