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    47 Walnut Avenue De Kalb, MS 39328

    View on Map
    For Sale
    $695,000

    COMMERCIAL - De Kalb, MS

    Type:Retail
    Property size:
    71,003 SF
    Lot size:
    1.63 Acres
    Added:
    Jun 20, 2025
    Days on Market:
    286
    Last Refresh:
    Apr 1 at 9:06 pm

    Property Features for 47 Walnut Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1
    Standard status
    Active
    APN
    091a-28-34.000
    Size
    71,003 SF
    Lot size
    1.63 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxDescription
    PT W1/2 NWNW, PT E1/2 NENE 276X160 FT DBOOK 344 PG 239 03/09/2007 Pt W1/2 Nwnw W Of Walnut Ave 69 X275 Ft
    TaxAnnualAmount
    708

    Utilities

    Utilities
    Propane
    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1979
    Floors in Building
    1
    Flooring type
    Concrete
    Roof type
    Metal

    We can help!

    Listing Contact
    Snooky Hill

    Listing agent Snooky Hill License #S57503

    Listing office Hopper Properties 12 Woodgate Drive Suite A, Brandon, MS

    Listing date Jun 20, 2025

    MLS# 4116882

    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

    Turn-Key Tire and Service Center

    This property presents a turn-key business opportunity in Kemper County, featuring a high-volume retail tire store and light service center. The property includes four separate buildings: a 40'x60' main shop/office with 20'x60' designated as office space, a 40'x40' enclosed metal shop equipped with a lift, a 25'x45' storage building, and a 40'x40' open-air utility structure. The main building includes a reception area, office, restroom, and the primary tire service bay. The business is equipped to service passenger vehicles, 18-wheelers, and trailers. The entire property is fenced and situated on over 1.63 acres of land, offering potential for expansion or additional services. The property is suitable for a growing operation or a new owner. The property is located in De Kalb, MS, with a strong local customer base.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Restaurant Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Pharmacy Auto Parts Store Gym & Fitness Center Food Market

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

    Similar Places Nearby

    • Tooney's Tire Center — 134 Walnut Ave, De Kalb, MS 39328
    • DeKalb Body Shop — 45 Walnut Ave, De Kalb, MS 39328

    Location Insight

    • Map
    • Local Demand
    City
    De Kalb
    County
    Kemper
    State
    Mississippi
    Longitude
    -88.673922
    Latitude
    32.777852

    FAQs

    What type of property is this?
    Auto shop - High-volume retail tire and service center on over an acre.
    Where is this auto shop located?
    The property is located at 47 Walnut Avenue De Kalb, MS.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: Turn‑key, high‑volume retail tire and light service center business opportunity.; Includes four separate buildings: main shop/office, enclosed metal shop with lift, storage building, and open‑air utility structure.; Fully equipped to service passenger vehicles to 18‑wheelers and trailers.
    (601) 906-1913
    We can help!
    Listing Contact
    Snooky Hill
    Real Estate License ID: S57503
    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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