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    1405 Plaza Drive Yazoo City, MS 39194

    View on Map
    For Sale
    $325,000

    COMMERCIAL - Yazoo City, MS

    Property size:
    7,110 SF
    Lot size:
    0.80 Acres
    Added:
    May 7, 2024
    Days on Market:
    696
    Last Refresh:
    Apr 2 at 5:06 am

    Property Features for 1405 Plaza Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    3-278b-27-034.00
    Size
    7,110 SF
    Lot size
    0.80 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxDescription
    LOTS 3 & 4 159A/59 OP: 3278B00097 00200
    TaxAnnualAmount
    9540

    Utilities

    Utilities
    Phone Available
    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1978
    Floors in Building
    2
    Flooring type
    Carpet, Concrete, Tile
    Roof type
    Metal

    We can help!

    Listing Contact
    Brian Bain

    Listing agent Brian Bain License #S56271

    Listing office Lynn Realty 11 Santa Clara Ct., Madison, MS

    Listing date May 7, 2024

    MLS# 4078997

    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.

    Overview

    Plaza Twin Cinema For Sale

    The Plaza Twin Cinema, a 6440 square foot theater building with an adjacent 670 square foot building, is available for purchase. Situated on 0.8 acres near the intersection of Jerry Clower Blvd and 15th Street, the property is located next to Kaye's shopping center. The property offers potential for various uses, including office space, a hair salon, or a place of worship, leveraging the existing seating and stage. The open area behind the buildings could accommodate additional parking or structures. The property is being sold AS-IS and includes all movie theater related equipment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Theaters & concert halls

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Yazoo City
    County
    Yazoo
    State
    Mississippi
    Longitude
    -90.397071
    Latitude
    32.863156

    Nearby Similar for Sale

    • $340,000
      31,798 SF

      Yazoo City Commercial Property

      0.73-acre commercial property suitable for retail, service, or automotive uses.
      1635 N Jerry Clower Boulevard, Yazoo City, MS 39194
      View Details
    • $135,500
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      Yazoo City Commercial Opportunity

      Two-story commercial property in high-traffic area near downtown.
      230 S Main Street, Yazoo City, MS 39194
      View Details
    • $239,000
      2,100 SF

      Remodeled Bar with Outdoor Amphitheater

      Remodeled bar with stage, dance floor, and outdoor amphitheater.
      305 S Main Street, Yazoo City, MS 39194
      View Details
    • $59,000
      2,741 SF

      Retail Building in Yazoo City

      Commercial building with retail frontage and parking in front.
      304 S Main Street, Yazoo City, MS 39194
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    • $325,000
      7,110 SF

      Yazoo City Movie Theater

      Plaza Twin Cinema offered for sale in Yazoo City.
      1405 Plaza Drive, Yazoo City, MS 39194
      View Details
    • $500,000
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      Historic Hotel Redevelopment Opportunity

      25,000 SF historic hotel in Yazoo City for sale.
      115 South Main Street, Yazoo City, MS 39194
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    • $500,000
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      Historic Hotel Redevelopment Opportunity

      25,000 SF historic hotel in Yazoo City's Town Center.
      115 South Main Street, Yazoo City, MS 39194
      View Details

    FAQs

    What type of property is this?
    Theater & concert hall - Yazoo City movie theater with redevelopment potential on 0.8 acres.
    Where is this theater & concert hall located?
    The property is located at 1405 Plaza Drive Yazoo City, MS.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: Price Reduction and AS‑IS Sale: Significant price reduction makes this property more accessible, and all movie theater equipment is included.; High‑Potential Commercial Property: Suitable for diverse uses including office space, salon, place of worship, or continued use as a movie theater.; Strategic Location: Situated near the busy intersection of Jerry Clower Blvd and 15th Street, next to Kaye's shopping center, ensuring high visibility and accessibility.
    (601) 707-7022
    We can help!
    Listing Contact
    Brian Bain
    Real Estate License ID: S56271
    Learn More
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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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