Building Details

Building Size 2,400 SF

Buildings 1

Stories 1

Listing Agency: Coldwell Banker Collins-Maury Southaven

Listed By: Ashley B Cheairs · License #S-53548 Show Phone

Source: Jdanielrealtysells

Added: May 30 Changed: Oct 25 Last Checked: Aug 3 at 5:57AM

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Investment Insights

Based on property information with market context.

This mixed-use commercial building at 1090 County Road 833 includes an office area, kitchen, and a spacious main room that can support retail, meetings, events, training, or flexible workspace. The layout also provides three half bathrooms and a new air conditioning unit.

The property occupies 2 acres in Guntown, Mississippi and carries Mixed Use zoning. Its combination of dedicated office space, food-preparation area, and open multipurpose room provides several functional components within one commercial property.

Key Highlights

• 2‑acre mixed‑use commercial property
• Mixed Use zoning
• Large multipurpose main room

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,262

Cap Rate

8.04%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$265,240 $265.2K

Cap Rate 7%

$189,457 $189.5K

Cap Rate 9%

$147,356 $147.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,400 SF

Gross rent

$23.0K $9.60/SF

− Vacancy

−$1.8K −$0.76/SF

EGI

$21.2K $8.84/SF

− OpEx

−$8.0K −$3.32/SF

NOI

$13.3K $5.53/SF

Area

Lee County, MS

Vacancy

7.90%

Lease Rate

$9.60 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$265,240

Cap Rate 7%

$189,457

Cap Rate 9%

$147,356

Alternative Uses

Best Use

Office B

$300.9K

$263.3K – $351.0K (±1% cap)

NOI $21,060 @ 7.0% cap · market cap 12.76%

Second Best

Mixed Use

$189.5K

$165.8K – $221.0K (±1% cap)

NOI $13,262 @ 7.0% cap · market cap 8.04%

Theoretical Best

Office A

$450.7K

$394.4K – $525.9K (±1% cap)

NOI $31,551 @ 7.0% cap · market cap 19.12%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Auto Repair Shop Storage Facility Garden Center (Bike/Boat/Book/etc) Store Furniture & Home Goods Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

26

Businesses Nearby

Explore this area Business Placement

Demographics for 38849, MS

6,062

Population

2,245

Households

2.7

Avg Household Size

37

Median Age

25%

College-Educated

88%

High-School Grad

72.5 sq mi

ZIP Area

84

Density / Sq Mi

$72,018

Median Household Income

$40,983

Median Earnings

$938

Median Rent

$147,000

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - Flexible commercial building with office, kitchen, multipurpose room, and mixed-use zoning.

Where is this mixed-use property located?

The property is located at 1090 County Road 833 Guntown, MS.

What is the asking price?

The asking price for this property is $165,000.

What are key features of this property?

This property features: 2‑acre mixed‑use commercial property; Mixed Use zoning; Large multipurpose main room