Commercial Storefront
511 S Green St Tupelo, MS 38804
For Sale
$175,000
COMMERCIAL - Tupelo, MS
Property Size1,268 SF
Price / SF$138.01
Days on Market90
Property Features for 511 S Green St
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Standard status
- Active
- Size
- 1,268 SF
Taxes and HOA fees
- Tax Description
- Inst# 2025011291
- Tax Annual Amount
- 1405
Building Details
- Floors in Building
- 1
Listing Agency:
COLDWELL BANKER SOUTHERN REAL ESTATE
(662) 620-2232
Listed By:
Brenda Estes Blair Finley · License #B-23487
(662) 213-7921
Added: Apr 29
Changed: Jun 29
Last Checked: Jul 27 at 3:06AM
MLS# 26-1327
Copyright © 2026 Northeast Mississippi Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial storefront property is being offered for sale. The listing describes the asset as a retail storefront within a Commercial zoning category.
The property is located at 511 S Green St in Tupelo, Mississippi 38804, in Lee County.
The building is listed at 1,268 square feet.
The property is located at 511 S Green St in Tupelo, Mississippi 38804, in Lee County.
The building is listed at 1,268 square feet.
Key Highlights
- Oversized lot offering ample space.
- Located in Tupelo's Historic Mill Village.
- Zoned mixed‑use residential.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $16.4k | $12.96 |
| − Vacancy | −$1.4k | −$1.10 |
| EGI | $15.0k | $11.86 |
| − OpEx | −$4.5k | −$3.56 |
| NOI | $10.5k | $8.30 |
1,268 SF · lease $12.96/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$150.4K
$131.6K – $175.4K
NOI $10,526 @ 7.0% cap · market cap 6.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$238.1K
$208.4K – $277.8K
NOI $16,669 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar Off Market Nearby
- Kroger Floral — 960 W Main St, Tupelo, MS 38801
FAQs
What type of property is this?
Storefront property - Commercial storefront property in Tupelo, MS, listed for sale in the Commercial zoning category.
Where is this storefront property located?
The property is located at 511 S Green St Tupelo, MS.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Oversized lot offering ample space.; Located in Tupelo's Historic Mill Village.; Zoned mixed‑use residential.
