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

    629 Highway 82 Greenwood, MS 38930

    Sponsored
    Picture of Commercial land at Highway 82 629, Greenwood, MS
    For Sale
    $300,000

    COMMERCIAL - Greenwood, MS

    Lot size:
    1.53 Acres
    Days on Market:
    28
    Last Refresh:
    Feb 1 at 7:06 am

    Property Features for 629 Highway 82

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    10016022400900
    Lot size
    1.53 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Pam Powers

    Powers Properties (601) 831-4505

    Listing agent Pam Powers (662) 374-4428 License #B12007

    Listing date Jan 5, 2026

    MLS# 4100095 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Highway 82 Commercial Lot

    This commercial lot presents a rare opportunity on Highway 82 W, adjacent to the Greenwood Leflore Industrial Park. The property benefits from high visibility and accessibility. The site previously housed Jim Walter Homes, and the existing structures are set to be removed, leaving concrete slabs to serve as a foundation for new construction. Encompassing 1.53 acres, this lot is suitable for retail, office, or industrial development. The location provides convenient access to major highways and business hubs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenwood
    County
    Leflore
    State
    Mississippi
    Longitude
    -90.203036
    Latitude
    33.510455

    Nearby Similar for Sale

    • $1,150,000
      24,255 SF

      Historic Greenwood Building For Sale

      Historic mixed-use building in downtown Greenwood, MS.
      305 W Market St, 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 St, 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 Highway 82 W, Greenwood, MS 38930
      View Details
    • $322,000
      6,640 SF

      Versatile Commercial Building on Highway

      6,640 SF commercial building on 0.84 acres with highway visibility.
      201 Highway 7 N, 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 Highway 82, 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 Hwy W, Greenwood, MS 38930
      View Details
    • $1,259,259
      2,732 SF

      Pizza Hut NNN Investment

      NNN Pizza Hut in Greenwood, MS with long-term lease.
      1313 W Park Ave, 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 38930
      View Details
    • $395,000
      12,344 SF

      Highway Frontage Multi-Use Building

      Multi-use building with highway frontage, retail, and warehouse space.
      711 11 St, Greenwood, MS
      View Details
    • $635,000

      Renovated Historic Greenwood Restaurant Building

      Completely renovated restaurant and bar/event space in historic downtown.
      222 Howard St, Greenwood, MS 38930
      View Details
    • $295,000
      8,396 SF

      Park Avenue Commercial Property

      8,400 SF commercial property in high-demand area.
      211 W Park Ave, Greenwood, MS 38930
      View Details
    • $997,000
      26,493 SF

      Home Hardware Investment Opportunity

      Regional tenant leased Home Hardware building for sale.
      715 Us-82, Greenwood, MS
      View Details

    FAQs

    What type of property is this?
    Commercial land - Premium commercial lot on Highway 82 W in Greenwood, MS.
    Where is this commercial land located?
    The property is located at 629 Highway 82 Greenwood, MS.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: - Premium location on Highway 82 W offering high visibility.; - Adjacent to the Greenwood Leflore Industrial Park.; - Concrete slabs remain, providing a foundation for new construction.
    (601) 831-4505
    Request Owner's contact information
    629 Highway 82 Greenwood, MS 38930
    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.
    629 Highway 82
    Greenwood, MS 38930
    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
    629 Highway 82 Greenwood, MS 38930
    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
    Pam Powers
    Real Estate License ID: B12007
    (601) 831-4505
    Learn more
    Google sign-in failed. Please try again or use another login method.