704 N Gloster St., Tupelo, MS 38804
- Added:
- Jun 9, 2026
- Days on Market:
- 10
- Last Refresh:
- Jun 18 at 11:06 am
Property Features for 704 N Gloster St.
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Standard status
- Active
- Size
- 7,000 SF
Taxes and HOA fees
- Tax Annual Amount
- 7522.27
Building Details
- Floors in Building
- 2
- Architectural style
- Other
Listing agent Monte Smith License #S-47142 (662) 842-3844
Listing office TM REALTORS 210 E. Main St., TUPELO, MS 38804, Tupelo, MS (662) 842-3844
Listing date Jun 9, 2026
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.
HighLights
- Art Deco building at 704 N Gloster St with renovation upgrades including new windows, exterior/interior paint, flooring, bathrooms, and light fixtures.
- Upstairs features 8 office suites and 2 bathrooms.
- Downstairs offers two 2,100 SF sides.
- Left downstairs side is ready for immediate move‑in with a new bathroom, kitchenette, and storage.
- Right downstairs side is currently occupied by Acapulco; inquire about current tenant lease details.
- Includes a rear parking lot as part of the renovation upgrades.
Overview
The property is located at 704 N Gloster St. in Tupelo, Mississippi (Lee County). It is described as being close to 7,000 square feet overall and includes access through a rear parking area.
This building can suit buyers seeking an office property with multiple suite-level options and a downstairs plan that can be used independently by tenant occupants. With the left lower unit positioned for immediate occupancy and the upstairs offering eight suites, the configuration supports a range of office users or operators looking to house multiple teams under one ownership. All information is subject to verification.
Local Financial Insights For Office B
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 | $105.0k | $15.00 |
| − Vacancy | −$23.1k | −$3.30 |
| EGI | $81.9k | $11.70 |
| − OpEx | −$20.5k | −$2.93 |
| NOI | $61.4k | $8.78 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Tupelo
- County
- Lee
- State
- Mississippi
- Longitude
- -88.715298
- Latitude
- 34.266448
