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

    412 S high school avenue Columbia, MS 39429

    View on Map
    Picture of Other retail properties at 412 S high school avenue, Columbia, MS
    For Sale
    $495,000

    9,807 SF Retail Strip Center For Sale

    Property size:
    9,807 SF
    Lot size:
    0.72 Acres
    Added:
    Feb 11, 2025
    Days on Market:
    421
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for 412 S high school avenue

    General Information

    Standard status
    Active
    Property type
    Other retail properties, Individual retail properties, Other investment properties, Retail properties & Spaces, Investment properties
    Size
    9,807 SF
    Net Rentable
    9,807 SF
    Elevators
    N/A
    Lot size
    0.72 Acres

    Building Details

    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    Paul Salter

    Listing agent Paul

    Listing office

    Listing date Feb 11, 2025

    Overview

    Vacant Retail Space in Columbia

    Located in Columbia, Mississippi, the property at 412 S High School Avenue offers an investment opportunity. The property includes a 9,807 square foot retail building situated on a 0.72-acre lot. The building, formerly a Family Dollar, is currently vacant and in good condition, making it suitable for retail use. The property benefits from its location on High School Avenue, a high-traffic area. Columbia is situated 81 miles south of Jackson, 32 miles from Hattiesburg, and 103 miles north of New Orleans, providing access to a large regional market. The city offers attractions such as the Timberton Golf Course and a community calendar featuring bluegrass festivals and live music.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hilton's Towing Service Auto Repair Shop Higher Good Yoga Gym & Fitness Center Columbia New Generation ... Industrial Manufacturer

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Marion
    State
    Mississippi
    Longitude
    -89.832352
    Latitude
    31.248467

    Nearby Similar for Sale

    • $169,000

      Income-Producing Duplex Portfolio

      Four units in Columbia, MS, generating immediate income.
      321 Lafayette St., Columbia, MS 39429
      View Details
    • $175,000
      7,000 SF

      Versatile Commercial Building in Columbia

      7000 sq ft building in high-traffic area, adaptable for various uses.
      413 South High School Avenue, Columbia, MS 39429
      View Details
    • $550,000

      Columbia Office Space For Sale

      Office space available for purchase in Columbia, Mississippi.
      4 Bellewood Park , Columbia, MS
      View Details
    • $250,000

      Office Space for Sale

      Office property available for purchase in Columbia, MS.
      710 Broad St, Columbia, MS
      View Details
    • $398,500

      Unique Multi-Building Property in Columbia

      Four buildings on 3 acres in vibrant Columbia, Mississippi.
      427 Eagle Day Ave, Columbia, MS
      View Details
    • $2,970,000

      Columbia Warehouse with Dock Doors

      Warehouse with three dock doors, convenient access to major highways.
      1 Pioneer Dr, Columbia, MS
      View Details
    • $501,818
      1,390 SF

      Columbia, MS Domino's Sale-Leaseback

      NNN Domino's with zero landlord responsibilities on main retail corridor.
      925 US-98, Columbia, MS
      View Details
    • Contact for pricing
      18,900 SF

      Columbia Industrial Warehouse For Sale

      18,900 SF industrial warehouse available for sale.
      322 Singley Rd, Columbia, MS
      View Details
    • $1,450,000
      18,000 SF

      Columbia, MS Retail Investment Opportunity

      Retail center in Columbia, Mississippi, nearly fully leased.
      1113 US 98, Columbia, MS
      View Details
    • $1,650,000
      18,000 SF

      Columbia, Mississippi Retail Investment

      Retail center investment opportunity in Columbia, Mississippi.
      1113 US-98, Columbia, MS 39429
      View Details

    FAQs

    What type of property is this?
    Other retail property - 9,807 SF Retail Strip Center For Sale
    Where is this other retail property located?
    The property is located at 412 S high school avenue Columbia, MS.
    What is the asking price?
    The asking price for this property is $495,000.
    (850) 564-0120
    We can help!
    Listing Contact
    Paul Salter
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!