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    1663 Us 49 Magee, MS 39111

    For Sale
    $1,200,000

    Profitable Office Building Near Walmart

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional investment opportunity presents a fully rented office building ideally situated adjacent to a Walmart in Magee, Mississippi. The property generates substantial rental income, currently totaling $113,400 annually. Operating expenses are estimated at $24,000 per year, resulting in a significant net operating income of $89,400. This translates to an attractive 7.45% return on the asking price of $1,200,000. The building's prime location next to a major retailer ensures high visibility and convenient access for tenants and customers. The strong tenant occupancy and consistent cash flow make this a compelling investment for those seeking a stable and profitable commercial real estate asset. Further details regarding the building's square footage and specific lease terms are available upon request. This is a rare opportunity to acquire a well-performing commercial property in a thriving market. The property's location and strong financial performance make it an ideal addition to any diversified investment portfolio. Serious inquiries only.

    Property Features for 1663 Us 49

    General Information

    Property type
    Office Properties & Spaces
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Map

    City
    Magee
    County
    Simpson
    State
    Mississippi
    Longitude
    -89.7493
    Latitude
    31.87093

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    FAQs

    What type of property is this?
    Office Property / Space - Profitable Office Building Near Walmart
    Where is this office property / space located?
    The property is located at 1663 Us 49 Magee, MS.
    What is the asking price?
    The asking price for this property is $1,200,000.
    (601) 264-1900
    Request Owner's contact information
    1663 Us 49 Magee, MS 39111
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    1663 Us 49
    Magee, MS 39111
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    Realmo Value Estimation

    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.

    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.

    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
    1663 Us 49 Magee, MS 39111
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