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    The Largest CRE Database in the US with Over 1 Million Listings

    1301 Delaware Ave McComb, MS 39648

    Sponsored
    For Sale
    Pending
    $995,000

    COMMERCIAL - McComb, MS

    Property size:
    12,000 SF
    Lot size:
    3.60 Acres
    Days on Market:
    184
    Last Refresh:
    Feb 3 at 3:06 pm

    Property Features for 1301 Delaware Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Bathroom 1, Bathroom 5, Bathroom 2, Bathroom 3, Bathroom 4
    Bathrooms
    5
    APN
    Multiple #
    Parking features
    Off Street
    Size
    12,000 SF
    Lot size
    3.60 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    2003
    Building materials
    Frame
    Roof type
    Shingle, Metal

    We can help!

    Listing Contact
    Chuck Paulk

    Cabin & Creek Real Estate (601) 810-2104

    Listing agent Chuck Paulk (601) 680-4606 License #B19787

    Listing date Aug 4, 2025

    MLS# 140718

    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

    Prime Commercial Corner Location

    This commercial property features 3.63 acres situated on the corner of Delaware Avenue and West Street in McComb, Mississippi. The location benefits from high traffic counts and visibility, enhanced by its position on a hard corner. Traffic estimates indicate an average of 17,000 cars every 24 hours on Delaware Avenue at this location. The property includes frontage on three streets, with over 260 feet on Delaware Avenue and 500 feet on West Street. Four buildings are included in the sale, offering over 12,000 square feet of space. Previously occupied by a car dealership, this location is zoned S-O, allowing for a variety of uses subject to city approval. The property's characteristics make it suitable for a drug store, restaurant, shopping center, or medical complex.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Perry Brothers Used ... Car Dealership

    Suggested Use

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

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

    Similar Places Nearby

    Walgreens Pharmacy, Smoothie King, Lynwood Carr, Gerald R. Lea, BS, Gillis Drugs

    Location Insight

    • Map
    • Local Demand
    City
    McComb
    County
    Pike
    State
    Mississippi
    Longitude
    -90.468083
    Latitude
    31.24689

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    FAQs

    What type of property is this?
    Drug store - High-traffic corner lot with existing buildings, ideal for redevelopment.
    Where is this drug store located?
    The property is located at 1301 Delaware Ave McComb, MS.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: - Prime commercial location on a hard corner with high visibility.; - High traffic count of 17,000 cars every 24 hours on Delaware Ave.; - Significant road frontage on 3 streets: 260' on Delaware Ave. and 500' on West Street.
    (601) 680-4606
    Request Owner's contact information
    1301 Delaware Ave McComb, MS 39648
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    McComb, MS 39648
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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
    1301 Delaware Ave McComb, MS 39648
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    We can help!
    Listing Contact
    Chuck Paulk
    Real Estate License ID: B19787
    (601) 680-4606
    Learn more
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