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    1813 Columbia Avenue Prentiss, MS 39474

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    For Sale
    $169,900

    COMMERCIAL - Prentiss, MS

    Type:Retail
    Property size:
    1,200 SF
    Lot size:
    0.27 Acres
    Price / SF:
    $141/SF
    Added:
    Jan 13, 2026
    Days on Market:
    114
    Last Refresh:
    May 7 at 6:06 pm

    Property Features for 1813 Columbia Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Window features
    Aluminum Frames
    Standard status
    Active
    APN
    3-048g-01-249-99
    Size
    1,200 SF
    Lot size
    0.27 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    LOTS 13-18 BLK 1 DALE S/D PT 1
    Tax Annual Amount
    2951

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    2013
    Flooring type
    Vinyl, Tile

    We can help!

    Listing Contact
    Chuck L McGee

    Listing agent Chuck L McGee License #B20964

    Listing office McGee Realty Services 2799 US Highway 49S Ste A, Florence, MS

    Listing date Jan 13, 2026

    MLS# 4136032

    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.

    HighLights

    • Equipped with a LARGE walk‑in cooler and a walk‑in freezer.
    • Includes a large commercial vent‑hood.
    • Features a smaller commercial vent hood.
    • Well‑suited for food services or other commercial use.
    • Former pizza take‑out location.
    • Built in 2013.

    Overview

    Former Pizza Take-Out Restaurant

    This commercial property, formerly a pizza take-out location in Prentiss, Mississippi, presents an opportunity for starting a business. The 1,200 square-foot building is situated on a 0.27-acre lot and is equipped to support food service or other commercial endeavors. It features a large walk-in cooler, a walk-in freezer, a large commercial vent-hood, and a smaller commercial vent hood, making it suitable for a pizza shop, take-out restaurant, or similar operation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Turn key restaurants

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Prentiss
    County
    Jefferson Davis
    State
    Mississippi
    Longitude
    -89.862875
    Latitude
    31.603442

    Nearby Similar for Sale

    • $87,500
      2,508 SF

      Commercial Building with Multiple Offices

      Versatile commercial building with kitchen and multiple office spaces.
      2405 Columbia Avenue, Prentiss, MS 39474
      View Details
    • $1,800,000
      29,900 SF

      Retail Center Anchored by Grocery

      29,900 SF retail center 96% occupied with long-term leases.
      1720 Columbia Ave, Prentiss, MS
      View Details
    • $594,000

      Turn-Key Race Track Business

      91-acre race track with RV hookups and concession stand.
      103 Golden Pine Rd, Prentiss, MS
      View Details
    • $775,000

      Turnkey Poultry Pullet Farm

      Poultry pullet farm with four houses on 42 acres.
      365 Mount Olive Rd, Prentiss, MS
      View Details

    FAQs

    What type of property is this?
    Turn key restaurant - Turn-key restaurant opportunity in Prentiss, MS with commercial equipment.
    Where is this turn key restaurant located?
    The property is located at 1813 Columbia Avenue Prentiss, MS.
    What is the asking price?
    The asking price for this property is $169,900.
    What are key features of this property?
    This property features: Equipped with a LARGE walk‑in cooler and a walk‑in freezer.; Includes a large commercial vent‑hood.; Features a smaller commercial vent hood.
    (601) 832-4715
    We can help!
    Listing Contact
    Chuck L McGee
    Real Estate License ID: B20964
    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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