Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Unique Multi-Building Property in Columbia Title is generated by Realmo AI

    427 Eagle Day Ave, Columbia, MS

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Four buildings on 3 acres in vibrant Columbia, Mississippi.

    Type:RETAIL
    Lot size:
    2.90 Acres
    Added:
    Dec 11, 2024
    Days on Market:
    523
    Last Refresh:
    Apr 5 at 8:06 pm

    Property Features for 427 Eagle Day Ave

    General Information

    Standard status
    Active
    Lot size
    2.90 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Joseph Tubb
    Joseph Tubb

    Listing agent Joseph Tubb License #S-50068

    Listing office Cook Commercial Properties LLC

    Listing date Dec 11, 2024

    Source Moodyscre

    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 Cook Commercial Properties LLC

    HighLights

    • Four buildings on approximately 3 acres in a vibrant Columbia location.
    • Includes an 8,000 SF single‑story metal building.
    • Three houses ranging from 1,500 to 1,800 SF (two commercial, one residential).
    • Suitable for owner/operator, investor, or developer.
    • Potential for retail center development.
    • Corner house currently leased to a cafe.

    Overview

    This unique property features four buildings situated on approximately 3 acres in a vibrant area of Columbia. The property includes three houses, two of which are used for commercial purposes and one for residential. These houses range in size from 1,500 to 1,800 square feet. Additionally, there is a single-story metal building with approximately 8,000 square feet. The property presents various opportunities for potential uses, including owner operation, investment development, or a retail center. Currently, the corner house is leased to a cafe.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Marion
    State
    Mississippi
    Longitude
    -89.823744
    Latitude
    31.246433

    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
    • $54,900
      1,100 SF

      Downtown Columbia Versatile Commercial Property

      Adaptable commercial space in downtown Columbia with business or residential potential.
      242 Church St., Columbia, MS 39429
      View Details
    • $495,000
      9,807 SF

      9,807 SF Retail Strip Center For Sale

      Retail investment opportunity in high-traffic Columbia location.
      412 S high school avenue, 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
    • $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?
    Retail space - Four buildings on 3 acres in vibrant Columbia, Mississippi.
    Where is this retail space located?
    The property is located at 427 Eagle Day Ave Columbia, MS.
    What is the asking price?
    The asking price for this property is $398,500.
    What are key features of this property?
    This property features: Four buildings on approximately 3 acres in a vibrant Columbia location.; Includes an 8,000 SF single‑story metal building.; Three houses ranging from 1,500 to 1,800 SF (two commercial, one residential).
    (601) 606-1900 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Joseph Tubb
    Joseph Tubb
    Real Estate License ID: S-50068
    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

    Thank You for Inquiry
    427 Eagle Day Ave, Columbia, MS
    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!