Sign Up Successful!
You now have access to more from Realmo!
    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

    603 Middleton Rd Winona, MS 38967

    Sponsored
    For Sale
    $1,599,900

    Commercial Building - Winona, MS

    Property size:
    34,000 SF
    Lot size:
    4.30 Acres
    Days on Market:
    13
    Last Refresh:
    Feb 23 at 8:06 pm

    Property Features for 603 Middleton Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    200
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
    Bathrooms
    4
    APN
    331 261200 0000029830
    Parking features
    Garage
    Size
    34,000 SF
    Lot size
    4.30 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1979
    Year renovated
    1979
    Floors in Building
    1
    Building materials
    Brick, Stone
    Roof type
    Flat
    Architectural style
    Other

    We can help!

    Listing Contact
    Heather Traub

    Dave's Realty (662) 455-7075

    Listing agent Heather Traub (662) 455-7075

    Listing date Feb 11, 2026

    MLS# 11573665 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.

    Learn more

    Property Insight Report

    Overview

    Winona Commercial Plaza Investment Opportunity

    This expansive 34,000 sq. ft. commercial plaza presents an outstanding investment opportunity in Winona, MS. The property features multiple established businesses, including a retail store, liquor store, pharmacy, and vape shop, along with valuable warehouse space suitable for storage or expansion. The property's size and versatility make it an ideal choice for both investors and business owners looking to grow. The property enjoys a prime location next to a busy grocery store with over 6,500 vehicles passing by daily. Strategically located approximately 1 hour 20 minutes from Jackson, MS, and 1 hour 50 minutes from Memphis, TN, this plaza benefits from both local and regional traffic. Situated on a 4.3-acre lot, the property is zoned 200. With its size, visibility, and versatility, this property is ideal for new ventures such as a daycare, restaurant, or storage facility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Karts Supermarket Specialty Food Shop Bruce Welch Pharmacy higi Physician UPS Authorized Shipping ... Courier Service

    Suggested Use

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

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

    Similar Places Nearby

    Coin Cloud Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Winona
    County
    Montgomery
    State
    Mississippi
    Longitude
    -89.738216
    Latitude
    33.486816

    Nearby Similar for Sale

    • $224,000
      6,218 SF

      Winona Commercial Building with Train

      6218 SF commercial building with train cars in Winona.
      100 N Front St, Winona, MS 38967
      View Details
    • $79,000
      5,109 SF

      Commercial Building in Winona, MS

      Commercial building featuring office spaces and parking in Winona, MS.
      403 Summit St, Winona, MS 38967
      View Details
    • $235,000
      4,778 SF

      Winona Commercial Building For Sale

      Commercial building with retail potential in Winona, Mississippi.
      501 Summit St, Winona, MS 38967
      View Details
    • Contact for pricing
      2,582 SF

      Winona, MS KFC Investment Opportunity

      Profitable NNN Lease, Vacant KFC, Highway 82
      313 Us-82, Winona, MS 38967
      View Details

    FAQs

    What type of property is this?
    Shopping center - 34,000 sq ft commercial plaza with multiple established businesses.
    Where is this shopping center located?
    The property is located at 603 Middleton Rd Winona, MS.
    What is the asking price?
    The asking price for this property is $1,599,900.
    What are key features of this property?
    This property features: - High-traffic location next to a grocery store, with 6,500+ vehicles passing daily; - Expansive 34,000 sq. ft. plaza with multiple established businesses; - Owner financing is available
    (662) 455-7075
    Request Owner's contact information
    603 Middleton Rd Winona, MS 38967
    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.
    603 Middleton Rd
    Winona, MS 38967
    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
    603 Middleton Rd Winona, MS 38967
    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

    We can help!
    Listing Contact
    Heather Traub
    (662) 455-7075
    Learn more
    Google sign-in failed. Please try again or use another login method.