Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Fulton Commercial Land Opportunity Title is generated by Realmo AI

    202 W Main, Fulton, MS 38843

    View on Map
    Claim this Listing
    For Sale
    $149,900

    Commercial land in downtown Fulton, ideal for various businesses.

    Type:General Commercial
    Added:
    Jun 17, 2024
    Days on Market:
    716
    Last Refresh:
    May 13 at 8:47 pm

    Property Features for 202 W Main

    General Information

    Standard status
    Active
    Property subtype
    General Commercial

    We can help!

    Listing Contact
    Kevin Knight

    Listing agent Kevin Knight

    Listing office TM REALTORS

    Listing date Jun 17, 2024

    Source Xome

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

    All listing content including descriptions, pricing, images are the copyrighted material of TM REALTORS

    HighLights

    • Prime Downtown Fulton location on the court square.
    • Suitable for office, salon, retail, or restaurant use.
    • Blank canvas/shell allowing for custom space design.
    • Commercial zoning.
    • Lot dimensions: 25 x 90.
    • Three guest facilities.

    Overview

    Located in downtown Fulton on the court square, this commercial land presents an opportunity for various business ventures. The property is suitable for office, salon, retail, or restaurant use. The blank canvas offers the new owner unlimited options for a custom space. All information is subject to verification.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Fulton
    County
    Itawamba
    State
    Mississippi
    Longitude
    -88.40471
    Latitude
    34.273601

    Nearby Similar for Sale

    • $129,900
      2,250 SF

      Downtown Fulton Commercial Opportunity

      Commercial property in downtown Fulton, ideal for various businesses.
      202 W Main St., Fulton, MS 38843
      View Details
    • $399,900

      Commercial Lot Near WalMart

      Prime commercial lot ready for business near I-22.
      Interchange Drive, Fulton, MS 38843
      View Details
    • $350,000

      Commercial Land in Fulton, MS

      3.4+/- acre commercial land with high visibility and traffic.
      106 Pierce Town Road, Fulton, MS 38843
      View Details
    • $279,000
      1,900 SF

      Fulton Commercial Property Opportunity

      Commercial property on 1.6 acres in high-traffic area.
      3322 John Rankin Highway, Fulton, MS 38843
      View Details
    • $1,979,000

      Commercial Land Near I-22

      26 acre commercial land tract near I-22 in Fulton, MS.
      110 Grissom Road, Fulton, MS 38843
      View Details
    • $165,000
      3,216 SF

      Fulton Triplex: Income-Producing Opportunity

      Triplex in Fulton, MS: an income-producing, multi-family property.
      17959 Old Highway 25, Fulton, MS 38843
      View Details
    • $699,900

      Commercial Land Near I-22 Corridor

      7 acres of commercial land suitable for various business ventures.
      7 ac S Adams, Fulton, MS 38843
      View Details
    • $9,500

      Fulton Wooded Lot For Sale

      0.6 acre wooded lot in Sheffield Subdivision.
      Lot 34 Virginia Dr, Fulton, MS 38843
      View Details
    • $32,500

      Fulton Land Opportunity

      1.1-acre lot in a desirable Fulton subdivision.
      136 Meadow St., Fulton, MS 38843
      View Details
    • $20,000

      Residential Lot in Fulton, MS

      1.13-acre residential lot in a charming Fulton neighborhood.
      Lot 25 Burch Timbers, Fulton, MS 38843
      View Details
    • $119,900

      Waterfront Lot on Tenn-Tom Waterway

      Waterfront lot with dock and seawall on Tenn-Tom Waterway.
      Frances Ln., Fulton, MS 38843
      View Details
    • $39,900

      Fulton Land Near Country Club

      Under 1 acre lot near Country Club in Fulton, MS.
      Lot 4 Leon Davis Dr., Fulton, MS 38843
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land in downtown Fulton, ideal for various businesses.
    Where is this commercial land located?
    The property is located at 202 W Main Fulton, MS.
    What is the asking price?
    The asking price for this property is $149,900.
    What are key features of this property?
    This property features: Prime Downtown Fulton location on the court square.; Suitable for office, salon, retail, or restaurant use.; Blank canvas/shell allowing for custom space design.
    (662) 842-3844
    We can help!
    Listing Contact
    Kevin Knight
    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
    202 W Main, Fulton, MS 38843
    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!