Add Listing
    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

    603 Fillmore St Corinth, MS 38834

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $599,000

    Prime location, 8,000 sq ft, high visibility

    Property Features for 603 Fillmore St

    General Information

    Property type
    Other commercial real estate

    We can help!

    Listing Contact
    Prentiss Butler
    Prentiss Butler

    Listing Agency: Bailey Williams Realty Listing Agent: Prentiss Butler

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional commercial property, situated in the heart of Corinth's vibrant downtown, offers a unique investment opportunity. The building encompasses approximately 8,000 square feet and presents a versatile layout ideal for a variety of commercial uses. The ground floor features a spacious dining area, a fully equipped commercial kitchen, multiple restrooms, a private office, and a smaller, private dining room with seating for 10-12 and its own separate entrance. This configuration is perfect for restaurant or catering businesses. Upstairs, a highlight of the property is a large balcony offering unparalleled views of the downtown area. This prime location provides spectacular viewing opportunities for annual events such as the Corinth Homecoming and Christmas parades. The upper level also includes a bar area, two additional restrooms, and two private banquet rooms, adding further flexibility and potential revenue streams. The building's central location within the historic downtown district ensures high visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence in the community. The property's size and diverse layout offer significant potential for expansion and adaptation to suit a range of commercial ventures.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Corinth
    County
    Alcorn
    State
    Mississippi
    Longitude
    -88.52032
    Latitude
    34.93589

    Nearby Similar for Sale

    • $550,000
      7,040 SF

      Commercial Property on Busy Road

      Commercial property with storage facility and shop/warehouse on 5.51 acres.
      504 N Harper Rd, Corinth, MS 38834
      View Details
    • $109,000
      2,022 SF

      Downtown Corinth Triplex Investment Opportunity

      Triplex in downtown Corinth near shops and restaurants.
      811 Graham St, Corinth, MS 38834
      View Details
    • $1,136,488
      9,100 SF

      Dollar General NNN Lease Property

      2017 build-to-suit Dollar General with zero landlord responsibilities.
      5620 N Harper Road Ext, Corinth, MS 38834
      View Details
    • Contact for pricing
      2,100 SF

      Pizza Hut NNN Investment

      NNN leased Pizza Hut in Corinth, Mississippi for sale.
      904 Highway 72 E Anx E, Corinth, MS 38834
      View Details
    • Contact for pricing
      13,475 SF

      Corinth Industrial Building For Sale

      13,475 SF industrial building on 9 acres.
      2001 Whitmore Levee Rd, Corinth, MS 38834
      View Details
    • $410,000
      7,200 SF

      Corinth Office Building - $410K

      Multi-tenant office building, high traffic area.
      102 Cass St, Corinth, MS 38834
      View Details
    • $385,000
      0.50 Acres

      Prime Corinth Commercial Building

      High-yield investment, 7200+ sq ft
      102 Cass St, Corinth, MS 38834
      View Details
    • $149,000
      2.27 Acres

      High-Traffic Corinth Commercial Land

      2.27 Acres, Prime Corinth Location, High Visibility
      Harper Road Ext, Corinth, MS 38834
      View Details
    • $129,000
      0.15 Acres

      Prime Corinth Commercial Office Space

      Vintage Charm, High Renovation Potential
      2010 Shiloh Rd, Corinth, MS 38834
      View Details
    • $1,200,000
      3,240 SF

      Prime Corinth Gas Station Investment

      1.6-Acre Gas Station, Owner-User Opportunity
      3107 Us-72, Corinth, MS 38834
      View Details
    • $599,000

      Prime Corinth Business Opportunity

      Established Business, High Potential, 599K
      508 Tate St, Corinth, MS 38834
      View Details
    • $350,000

      Corinth Commercial Property w/Storage Units

      High-traffic location, income-producing storage facility.
      504 Harper Rd Mini Storage Rd, Corinth, MS 38834
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Prime location, 8,000 sq ft, high visibility
    Where is this commercial real estate located?
    The property is located at 603 Fillmore St Corinth, MS.
    What is the asking price?
    The asking price for this property is $599,000.
    (662) 286-2255
    Request Owner's contact information
    603 Fillmore St Corinth, MS 38834
    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.
    603 Fillmore St
    Corinth, MS 38834
    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
    603 Fillmore St Corinth, MS 38834
    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
    Prentiss Butler
    Prentiss Butler
    (662) 286-2255 (662) 415-3872
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!