Office Building with Mixed Use
Tupelo, MS 38801 Tupelo, MS 38801
Tupelo, MS, 38801
$475,000
For Sale
$475,000
COMMERCIAL - Tupelo, MS
Property Size3,225 SF
Lot Size0.34 Acres
Price / SF$147.29
Days on Market144
Property Features
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Mixed Use
- Standard status
- Active
- Size
- 3,225 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Description
- Bk 0405 Pg 558
- Tax Annual Amount
- 7393
Building Details
- Year built
- 1970
- Floors in Building
- 1
Listing agency
TM REALTORS
(662) 842-3844
Listed by
Mikey Hunter · License #S-56843
(662) 871-0996
Added: Feb 27 Updated: Jun 29 at 5:59PM Checked: Jul 21 at 1:06PM
MLS# 25-2936
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 offers approximately 3,225 square feet of commercial space on a 0.34-acre lot. The property is being marketed for sale and is suited for office users looking for an owned facility rather than a lease.
The building is located in a mixed use zoning district, which can support a broader range of planning possibilities than single-use commercial zoning. The listing does not provide additional details on suite layout, interior finish, or building systems, so potential buyers should plan to review the property firsthand or with a broker during due diligence.
For prospective owner-occupants, this configuration may work as a straightforward headquarters-style office, depending on how the space is laid out on the interior. For investors and developers, mixed use zoning may be a consideration when evaluating future repositioning or alternative uses, subject to confirming permitted activities with the applicable authorities. As provided, the listing focuses on the building size, lot size, and zoning designation, making the next step to verify interior condition and any use restrictions before making a decision.
The building is located in a mixed use zoning district, which can support a broader range of planning possibilities than single-use commercial zoning. The listing does not provide additional details on suite layout, interior finish, or building systems, so potential buyers should plan to review the property firsthand or with a broker during due diligence.
For prospective owner-occupants, this configuration may work as a straightforward headquarters-style office, depending on how the space is laid out on the interior. For investors and developers, mixed use zoning may be a consideration when evaluating future repositioning or alternative uses, subject to confirming permitted activities with the applicable authorities. As provided, the listing focuses on the building size, lot size, and zoning designation, making the next step to verify interior condition and any use restrictions before making a decision.
Key Highlights
- Built in 1970
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 | $48.4k | $15.00 |
| − Vacancy | −$10.6k | −$3.30 |
| EGI | $37.7k | $11.70 |
| − OpEx | −$9.4k | −$2.93 |
| NOI | $28.3k | $8.78 |
3,225 SF · lease $15.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$404.3K
$353.7K – $471.7K
NOI $28,299 @ 7.0% cap · market cap 5.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$605.7K
$530.0K – $706.6K
NOI $42,397 @ 7.0% cap · market cap 8.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Well-sized office property offered for sale, situated within mixed use zoning for flexible planning.
Where is this office building located?
The property is located at Tupelo, MS.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Built in 1970
