Retail Property in
120 Air Park Rd Tupelo, MS
120 Air Park Rd, Tupelo, MS, 00000
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For Sale
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Retail property with 6,971 square feet of space.
Property Size6,971 SF
Lot Size1.73 Acres
Price / SF$143.45
Days on Market429
Property Features for 120 Air Park Rd
General Information
- Standard status
- Active
- Size
- 6,971 SF
- Lot size
- 1.73 Acres
- Property subtype
- RETAIL
Listing Agency
TRI Inc.
(662) 842-8283
Listed by
Clay Short · License #S-27047
(662) 842-8283
Source
Moodyscre
Added: May 19, 2025 Updated: Jul 6 at 10:11 am Checked: Jul 19 at 5:31 am
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 TRI Inc.
Investment Insights
Based on property information with market context.
This retail property is located at 120 Air Park Rd in Tupelo, MS. The building offers 6,971 square feet of space.
Key Highlights
- 6,971 square feet of retail space
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $90.3k | $12.96 |
| − Vacancy | −$7.7k | −$1.10 |
| EGI | $82.7k | $11.86 |
| − OpEx | −$24.8k | −$3.56 |
| NOI | $57.9k | $8.30 |
6,971 SF · lease $12.96/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$826.6K
$723.3K – $964.4K
NOI $57,865 @ 7.0% cap · market cap 5.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,642 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Trigger Time Indoor ...
Gun Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Retail property - Retail property with 6,971 square feet of space.
Where is this retail property located?
The property is located at 120 Air Park Rd Tupelo, MS.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 6,971 square feet of retail space
