Office Building in Mixed-Use
806 Garfield St Tupelo, MS 38801
806 Garfield St, Tupelo, MS, 38801
$494,900
For Sale
$494,900
COMMERCIAL - Tupelo, MS
Property Size3,305 SF
Lot Size0.27 Acres
Price / SF$149.74
Days on Market9
Property Features for 806 Garfield St
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Mixed Use
- Standard status
- Active
- Size
- 3,305 SF
- Lot size
- 0.27 Acres
Taxes and HOA fees
- Tax Description
- Book 0405 Page 556
- Tax Annual Amount
- 7571
Building Details
- Year built
- 1972
- Floors in Building
- 1
Listing agency
TM REALTORS
(662) 842-3844
Listed by
Mikey Hunter · License #S-56843
(662) 871-0996
Added: Jul 13 Checked: Jul 21 at 11:06AM
MLS# 26-2501
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 office building for sale offers a compact commercial footprint totaling 3,305 square feet on a 0.27-acre lot. The property is listed as an office asset within Mixed Use zoning, supporting flexible commercial and mixed-use planning considerations.
The building is located at 806 Garfield St in Tupelo, Mississippi (Lee County).
The building is located at 806 Garfield St in Tupelo, Mississippi (Lee County).
Key Highlights
- Built in 1972
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 | $49.6k | $15.00 |
| − Vacancy | −$10.9k | −$3.30 |
| EGI | $38.7k | $11.70 |
| − OpEx | −$9.7k | −$2.93 |
| NOI | $29.0k | $8.78 |
3,305 SF · lease $15.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$414.3K
$362.5K – $483.4K
NOI $29,001 @ 7.0% cap · market cap 5.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$620.7K
$543.1K – $724.1K
NOI $43,448 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Rebecca Dorough, NP
Physician
Taylor Max R ...
Physician
Garfield Clinic
Medical Clinic
Caitlin Maree Williams, ...
Physician
Malinda Mallory Prewitt
Physician
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Small office building for sale in Mixed Use zoning with a 3,305-square-foot footprint.
Where is this office building located?
The property is located at 806 Garfield St Tupelo, MS.
What is the asking price?
The asking price for this property is $494,900.
What are key features of this property?
This property features: Built in 1972
