Add Listing
    For Lease
    • 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

    633 Highway 1 S Greenville, MS 38703

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available for lease in Greenville, Mississippi.

    Property size:
    3,234 SF
    Lot size:
    1.80 Acres

    Property Features for 633 Highway 1 S

    General Information

    Size
    3,234 SF
    Lot size
    1.80 Acres

    We can help!

    Listing Contact
    Brian Califf, Ccim
    Source: Moodyscre

    Listing Agency: NAI Saig Company - Memphis Listing Agent: Brian Califf, Ccim

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

    Learn more

    Property Insight Report

    Overview

    Retail Space For Lease

    This retail space, comprising 3,234 square feet, is available for lease at $8 per square foot on a modified gross lease. The property is located at 633 Highway 1 S, Greenville, MS. Current tenants include Best Value Rentals, Nails Pro, and A to Z Beauty.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Washington
    State
    Mississippi
    Longitude
    -91.037427
    Latitude
    33.416491

    Nearby Similar for Lease

    • $8 SF/Yr
      3,234 SF

      Retail Space For Lease

      Retail space available for lease in Greenville, Mississippi.
      641 Highway 1 South, Greenville, MS 38701
      View Details
    • Contact for pricing

      Retail Space Near Greenville Mall

      3,100 SF endcap space available near Walmart.
      1634 Highway 1 S, Greenville, MS 38701
      View Details
    • $8 SF/Yr

      Retail Space For Lease

      Retail space available for lease at $8 per SF.
      641 Highway 1 South, Greenville, MS 38701
      View Details
    • Contact for pricing
      42,000 SF

      Retail Space on Martin Luther King

      Up to 42,000 SF retail space for lease.
      1656 Highway 1 S, Greenville, MS 38701
      View Details
    • $12 SF/Yr
      2,620 SF

      Grocery-Anchored Retail Space Available

      Retail suites and warehouse space available in Greenville, Mississippi.
      1746 Mississippi 1, Greenville, MS
      View Details
    • $8 SF/Yr
      3,234 SF

      Prime Greenville Retail Space

      3,234 SF Retail Space Available
      641 Highway 1, Greenville, MS 38701
      View Details
    • Contact for pricing
      3,100 SF

      Retail Endcap Space Available

      3,100 SF retail space near Greenville Mall.
      1632 Ms-1, Greenville, MS
      View Details
    • $8 SF/Yr
      3,324 SF

      Greenville Retail Space Available

      Highway 1 S Retail Strip - 3,324 SF
      643 Ms-1, Greenville, MS 38701
      View Details
    • $21,600
      1 SF

      Prime Office Space Near Mall

      1,200 sq ft Single-Tenant Office Available
      1513 Ms-1, Greenville, MS 38701
      View Details
    • Contact for pricing
      125,211 SF

      Greenville Retail Center Opportunity

      High-traffic retail space, multiple units available
      1746 Ms-1, Greenville, MS 38701
      View Details
    • $13 SF/Yr
      3,100 SF

      Greenville MS Endcap Retail Space

      High-traffic retail space, Greenville, MS
      1634 Ms-1, Greenville, MS 38701
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available for lease in Greenville, Mississippi.
    Where is this retail space located?
    The property is located at 633 Highway 1 S Greenville, MS.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: - Retail space available for lease; - Priced at $8 per SF/Modified Gross; - Join tenants like Best Value Rentals
    (901) 526-3100 Call to check price and availability
    Request Owner's contact information
    633 Highway 1 S Greenville, MS 38703
    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.
    633 Highway 1 S
    Greenville, MS 38703
    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
    633 Highway 1 S Greenville, MS 38703
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Brian Califf, Ccim
    Real Estate License ID: #299669
    (901) 526-3100 (901) 830-0421
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!