Add Listing
    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

    201 Hwy 7 N Greenwood, MS 38930

    View on Map
    For Sale
    $322,000

    Commercial Building - Greenwood, MS

    Property size:
    6,640 SF
    Lot size:
    0.84 Acres
    Added:
    Jan 8, 2026
    Days on Market:
    83
    Last Refresh:
    Apr 1 at 11:06 pm

    Property Features for 201 Hwy 7 N

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3
    Parking features
    Garage
    Standard status
    Active
    APN
    10113020100240
    Size
    6,640 SF
    Lot size
    0.84 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    0

    Utilities

    Heating system
    Electric (Heating), Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2006
    Year renovated
    2006
    Floors in Building
    1
    Flooring type
    Laminate
    Building materials
    Brick
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Rhonda Lee

    Listing agent Rhonda Lee

    Listing office Landmark Realty 1360 Sunset Drive, Suite 1, Grenada, MS

    Listing date Jan 8, 2026

    MLS# 11629240 Listing URL

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

    Overview

    Versatile Commercial Building on Highway

    This commercial property features a 6,640 square foot building on 0.84 acres. The building, previously designed for medical or office use, is suitable for a variety of purposes, including a medical clinic, dental practice, professional offices, counseling center, training facility, or multi-tenant investment. The layout includes a kitchen and break area, 2.5 bathrooms, approximately 20 exam or office rooms, a reception and office area, a waiting area, a medical filing area, a conference room, and a locked supply or stock room. The floor plan is designed to be easily reconfigured to suit various business needs. The property benefits from excellent highway visibility and ample parking. Located in Greenwood, MS, the property offers strong access and visibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenwood
    County
    Leflore
    State
    Mississippi
    Longitude
    -90.151839
    Latitude
    33.513879

    Nearby Similar for Sale

    • $350,000
      6,523 SF

      Distinctive Commercial Space in Greenwood

      Unique commercial buildings with flexible workspace in downtown Greenwood.
      113 W Front Street, Greenwood, MS 38930
      View Details
    • $450,000
      3,672 SF

      Highway Frontage Commercial Opportunity

      Restaurant-ready commercial property with high visibility and ample parking.
      917 W Highway 82, Greenwood, MS 38930
      View Details
    • $575,000
      9,240 SF

      Historic Opera House in Greenwood

      Iconic, restored historic building in downtown Greenwood.
      111 W Front Street, Greenwood, MS 38930
      View Details
    • $450,000
      3,270 SF

      Distinctive Creative Office, Studio Space

      Unique commercial building with flexible workspace in downtown Greenwood.
      101 W Front Street, Greenwood, MS 38930
      View Details
    • $850,000
      4,700 SF

      Greenwood Office Building For Sale

      Office building in a high-traffic location near retail.
      2001 Hwy 82, Greenwood, MS 38930
      View Details
    • $1,200,000

      Commercial Property in Greenwood, MS

      Commercial property featuring storage units and storefronts in Greenwood, MS.
      510 West Park Avenue, Greenwood, MS 38930
      View Details
    • $1,400,000
      7,152 SF

      Commercial Property on Highway 82

      Commercial property in Greenwood, MS, located on Highway 82.
      1907 U.S. 82 W Highway, Greenwood, MS 38930
      View Details
    • $1,853,542

      Freestanding Dollar General in Greenwood

      Single tenant Dollar General with absolute NNN lease structure.
      810 Carrollton Avenue, Greenwood, MS 38930
      View Details
    • $125,000
      15,492 SF

      Historic Greenwood Commercial Building

      15,492 sq ft building in Greenwood's Historic District.
      600 Main Street, Greenwood, MS 38930
      View Details
    • $300,000
      7,548 SF

      Downtown Greenwood Mixed-Use Building

      Two-story commercial building with retail and residential spaces.
      220 Howard Street, Greenwood, MS 38930
      View Details
    • $950,000
      24,255 SF

      Historic Greenwood Mixed-Use Opportunity

      Historic building in downtown Greenwood with retail and residential potential.
      305 W Market Street, Greenwood, MS 38930
      View Details
    • $1,595,000
      30,600 SF

      Warehouse with Cold Storage Space

      Warehouse with cold storage, office space, and truck docks.
      3300 Baldwin Rd, Greenwood, MS
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - 6,640 SF commercial building on 0.84 acres with highway visibility.
    Where is this medical office space located?
    The property is located at 201 Hwy 7 N Greenwood, MS.
    What is the asking price?
    The asking price for this property is $322,000.
    What are key features of this property?
    This property features: Priced $50,000 below appraisal value.; Excellent highway visibility on .84 acres.; Versatile 6,640± sq ft building suitable for various uses (medical, office, investment).
    (662) 226-4454
    We can help!
    Listing Contact
    Rhonda Lee
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!