Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    Hwy 6 Tupelo, MS 38801

    View on Map
    Claim this Listing
    For Sale
    $350,000

    Lot/Land - Tupelo, MS

    Type:Single Family Residence
    Lot size:
    6.50 Acres
    Added:
    Jun 13, 2025
    Days on Market:
    329
    Last Refresh:
    May 7 at 11:06 pm

    Property Features for Hwy 6

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Lot size
    6.50 Acres

    Taxes and HOA fees

    Tax Annual Amount
    300

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Wesley Webb

    Listing agent Wesley Webb License #B-18083

    Listing office Wesley Webb Real Estate 3166 West Jackson St., Ste. 2, Tupelo, MS 38801, TUPELO, MS

    Listing date Jun 13, 2025

    MLS# 22-3779 Listing URL

    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

    • 6.5 Acres of Land
    • Great Location on West Main Street/Hwy 6 West
    • Potential for More Road Frontage on McPherson
    • Seller Willing to Readjust Property Lines
    • Located on West Main Street
    • Highway 6 West Access

    Overview

    6.5 Acres on West Main

    This 6.5-acre commercial land is located in a prime area on West Main Street/Hwy 6 West. The seller intends to retain the corner portion of the property but might consider adjusting the boundary lines to increase road frontage on McPherson. Intended use of the property is not specified.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Tupelo
    County
    Lee
    State
    Mississippi
    Longitude
    -88.799941
    Latitude
    34.242852

    Nearby Similar for Sale

    • $975,000
      13,775 SF

      Tupelo Retail Center For Sale

      Retail center in a great location with income potential.
      1040 Cliff Gookin, Tupelo, MS 38801
      View Details
    • $389,900
      4,500 SF

      Tupelo Automotive Business Opportunity

      Fully operational automotive repair business with equipment and inventory included.
      1345 Palmetto Road, Tupelo, MS 38801
      View Details
    • $850,000
      5,862 SF

      Turn Key Medical Building

      Medical building near hospital with dual entrances and ample parking.
      516 Pegram, Tupelo, MS 38801
      View Details
    • $379,900
      2,580 SF

      Tupelo Commercial Property on Main

      Commercial property on West Main Street in Tupelo, Mississippi.
      641 West Main Street, Tupelo, MS 38804
      View Details
    • $575,000
      16 SF

      Tupelo Commercial Building For Sale

      Versatile 16,000+/- sq ft commercial building with excellent access.
      120 Old Runway Road, Tupelo, MS 38801
      View Details
    • $899,900
      5,800 SF

      Renovated Commercial Space in Tupelo

      Recently renovated commercial property in East Tupelo with retail and office.
      794 E Main, Tupelo, MS 38804
      View Details
    • $350,000
      2,022 SF

      Tupelo Commercial Property For Sale

      Former restaurant space near Cadence Arena, ideal for various businesses.
      203 Commerce St., Tupelo, MS 38804
      View Details
    • $180,000
      4,200 SF

      Tupelo Mixed-Use Investment Property

      Mixed-use property featuring two leased warehouses with office space.
      1225 Nelle, Tupelo, MS 38801
      View Details
    • $999,590
      12,070 SF

      Commercial Property in High-Traffic Area

      Well-maintained commercial property in Tupelo with high traffic counts.
      1993 McCullough, Tupelo, MS 38801
      View Details
    • $790,000

      Tupelo Land in High-Traffic Corridor

      Four-acre mixed-use development site in Tupelo's high-traffic corridor.
      1011 N Gloster, Tupelo, MS 38804
      View Details
    • $1,299,950
      6,500 SF

      Tupelo Commercial Property with Acreage

      Commercial property with 6,500 sq ft building and 7 acres.
      4432 N Gloster St., Tupelo, MS 38804
      View Details
    • $329,000
      2,400 SF

      Tupelo Commercial Property Carwash

      High-traffic Tupelo commercial property with carwash and redevelopment potential.
      308 Lawndale, Tupelo, MS 38801
      View Details

    FAQs

    What type of property is this?
    Land - 6.5 acres of commercial land on West Main Street.
    Where is this land located?
    The property is located at Hwy 6 Tupelo, MS.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: 6.5 Acres of Land; Great Location on West Main Street/Hwy 6 West; Potential for More Road Frontage on McPherson
    (662) 844-1681
    We can help!
    Listing Contact
    Wesley Webb
    Real Estate License ID: B-18083
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    Hwy 6, Tupelo, MS 38801
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!