1090 County Road 833, Guntown, MS 38849

Listing Agency: Coldwell Banker Collins-Maury Southaven

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

Source: Fiorellaavenue

Added: Aug 11 Changed: Nov 1 Last Checked: Nov 12 at 10:59AM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This mixed-use commercial building contains 2,400 square feet with an office area, kitchen, and expansive main room. The central space can accommodate retail activity, meetings, events, training, or flexible workspace uses. Three half bathrooms serve the building, and a new air conditioning unit has been installed.

The property occupies 2 acres at 1090 County Road 833 in Guntown, Mississippi. Its combination of dedicated office space, support areas, and a sizable open room creates a practical layout for varied commercial operations.

Key Highlights

• 2,400‑square‑foot mixed‑use commercial building
• Set on 2 acres in Guntown, MS
• Large main room for retail, meetings, events, training, or flexible workspace

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,262

Cap Rate

8.84%

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 14.04%

Second Best

Flex RnD

$270.0K

$236.3K – $315.1K (±1% cap)

NOI $18,903 @ 7.0% cap · market cap 12.60%

Theoretical Best

Office A

$450.7K

$394.4K – $525.9K (±1% cap)

NOI $31,551 @ 7.0% cap · market cap 21.03%

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

Property Analytics

Current Use

Flex space

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 - Includes office space, a kitchen area, and a large multipurpose main room.

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 $150,000.

What are key features of this property?

This property features: 2,400‑square‑foot mixed‑use commercial building; Set on 2 acres in Guntown, MS; Large main room for retail, meetings, events, training, or flexible workspace