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    1799 W Peace Street Canton, MS 39046

    View on Map
    For Lease
    $400 /Mo

    COMMERCIAL - Canton, MS

    Property size:
    600 SF
    Lot size:
    3.00 Acres
    Added:
    Jan 24, 2025
    Days on Market:
    433
    Last Refresh:
    Apr 2 at 1:06 am

    Property Features for 1799 W Peace Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Property condition
    Under Construction
    Standard status
    Active
    APN
    092h-27 -016/01.01
    Size
    600 SF
    Lot size
    3.00 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    LOT 1 22 WEST SUBD -3.08 ACD-
    TaxAnnualAmount
    1

    Building Details

    Year built
    2025

    We can help!

    Listing Contact
    Jon-David Johnson
    Jon-David Johnson

    Listing agent Jon-David Johnson License #B17543

    Listing office JDJ Realty 164 Watford Pkwy Dr, Madison, MS

    Listing date Jan 24, 2025

    MLS# 4101822

    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

    Canton Flex Space For Rent

    The property offers flex space, industrial properties, and warehouse units ranging from 600 to 10,000 square feet. Each 20x30 unit includes a 12'x12' overhead door, a personal door, power, and LED lighting. Units are available with HVAC or as unconditioned storage space. These units are suitable for small businesses needing desk space and inventory storage or overflow flex space. The site is well-lit, completely fenced, and equipped with an automatic gate and a security camera system. The property is located directly across from the Madison County Mega-Site, AWS, Clark Beverage, and Amazon, with easy access to I-55 via Nissan Parkway and Hwy 22. The property is located on the right side of Hwy 22 when taking Nissan Parkway.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Building Supply Dental Office Big Box & Wholesale Store Gym & Fitness Center Pharmacy Food Market Grocery & Convenience Store Daycare Center Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Madison
    State
    Mississippi
    Longitude
    -89.990784
    Latitude
    32.612018

    Nearby Similar for Lease

    • Contact for pricing

      Canton Commercial Space For Lease

      2,000 SF NNN space ideal for office or retail.
      1976 Mississippi 43, Canton, MS 39046
      View Details
    • $5/mo

      Canton Office Building For Lease

      Premier office building in Canton's business district, suitable for businesses.
      3390 N Liberty St, Canton, MS 39046
      View Details
    • $495,000/mo

      Canton Office Building For Sale

      10,990 SF office building in Canton's business district.
      3390 N Liberty St, Canton, MS 39046
      View Details
    • $4/mo

      Spacious Industrial Facility in Canton

      53,847 SF industrial space with office and convenient location.
      252 Yandell Avenue, Canton, MS, 39046
      View Details
    • $5/mo

      Functional Industrial Space in Canton

      Industrial space for lease in established Canton industrial corridor.
      340 Barfield St, Canton, MS 39046
      View Details
    • $27/mo

      Retail Space in Canton, MS

      Retail space available for lease in Canton, Mississippi.
      496 Calhoun Station Pkwy, Canton, MS
      View Details
    • Contact for pricing

      Industrial Property Available For Rent

      Industrial property with 19,843 square feet available for rent.
      425 South Union Street, Canton, MS, 39046
      View Details
    • $1,250,000/mo

      Canton Commercial Building For Lease

      30,000 SF building suitable for warehouse, retail, or grocery.
      1150 E Peace Street lot: 300, Canton, MS 39046
      View Details
    • $15/mo

      Office Space Available For Rent

      Office space available for lease in Canton, Mississippi.
      115 Aulenbrock Dr, Canton, MS
      View Details
    • Contact for pricing

      Office Space in Canton, MS

      Office space available for lease in Canton, Mississippi.
      161 River Oaks Drive, Canton, MS
      View Details
    • Contact for pricing

      Canton Warehouse/Distribution Property For Sale

      238,150 SF warehouse/distribution property with 28 dock doors.
      555 Matthews Dr, Canton, MS
      View Details
    • $9/mo

      Canton Warehouse with Lay Down

      20,372 SF warehouse with visibility from Interstate 55.
      Soldiers Colony Road, Canton, MS
      View Details

    FAQs

    What type of property is this?
    Flex space - Flex space units near Madison County Mega-Site available for rent.
    Where is this flex space located?
    The property is located at 1799 W Peace Street Canton, MS.
    What is the lease rate?
    The lease rate is $400 /Mo.
    What are key features of this property?
    This property features: Located directly across from the Madison County Mega‑Site, AWS, Clark Beverage and Amazon.; Easy access to I‑55 via Nissan Parkway and Hwy 22.; Units available with HVAC or as unconditioned storage space.
    (601) 624-7288
    We can help!
    Listing Contact
    Jon-David Johnson
    Jon-David Johnson
    Real Estate License ID: B17543
    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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