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    711 11 St Greenwood, MS

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    For Sale
    $395,000

    Multi-use building with highway frontage, retail, and warehouse space.

    Property size:
    12,344 SF
    Lot size:
    0.94 Acres

    Property Features for 711 11 St

    General Information

    Size
    12,344 SF
    Lot size
    0.94 Acres

    Source: Sims Realty & Development, LLC. Agent Jackie L Sims

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

    Overview

    Highway Frontage Multi-Use Building

    This multi-use building features frontage on Highway 82. It includes retail and office space at the front, complemented by 10,586 square feet of insulated warehouse space at the rear. The property is currently 100% rented by long-term tenants. The 2,000-square-foot office space has the potential to be divided, creating a separate 500-square-foot rental unit. The warehouse component consists of three interconnected units: one 5,386-square-foot warehouse with two bathrooms, and two 2,600-square-foot warehouses. The entire building is equipped with a sprinkler system. The office area and the large warehouse benefit from central heating and air conditioning. The current office tenant is interested in establishing a long-term lease with the new owner.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Greenwood
    County
    Leflore
    State
    Mississippi
    Longitude
    -90.1795281
    Latitude
    33.5162315

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    FAQs

    What type of property is this?
    Retail space - Multi-use building with highway frontage, retail, and warehouse space.
    Where is this retail space located?
    The property is located at 711 11 St Greenwood, MS.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: - Highway 82 frontage offers **high visibility and accessibility**.; - **10,586 sq ft insulated warehouse space is currently 100% rented by long-term tenants**, providing immediate income.; - Retail office space facing Highway 82 is also fully rented, ensuring consistent revenue stream.
    (662) 299-7606
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    Realmo Value Estimation

    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.

    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.

    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
    711 11 St Greenwood, MS
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