Church & Religious
1209 Nelle, Tupelo, MS 38801
For Sale
$180,000
Commercial Sale, Tupelo, MS
Property Size2,800 SF
Lot Size0.28 Acres
Price / SF$64.29
Days on Market428
Property Features for 1209 Nelle
General Information
Property type
Property subtype
Directions
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Building Details
Floors in Building
Listing Agency:
Wesley Webb Real Estate
Listed By:
Jerel Baughman · License MS S-60854
(662) 844-1681
Added: Sep 9, 2025
Changed: Oct 8
Last Checked: Nov 10 at 12:06AM
MLS# 25-3208
Copyright © 2026 Northeast Mississippi Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 1209 Nelle in Tupelo, this 2,800-square-foot church and religious facility occupies a 0.28-acre parcel. The property carries mixed-use commercial zoning and is currently leased on a month-to-month basis.
The site is positioned just off West Main St in Tupelo, Mississippi. Its existing lease structure and commercial zoning provide clear, documented characteristics for evaluating the property as a specialty commercial asset.
The site is positioned just off West Main St in Tupelo, Mississippi. Its existing lease structure and commercial zoning provide clear, documented characteristics for evaluating the property as a specialty commercial asset.
Key Highlights
- 2,800‑square‑foot church and religious facility
- 0.28‑acre parcel
- Mixed‑use commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,473
Cap Rate
8.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,460
$309.5K
Cap Rate 7%
$221,043
$221.0K
Cap Rate 9%
$171,922
$171.9K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$26.9K $9.60/SF
− Vacancy
−$2.1K −$0.76/SF
EGI
$24.8K $8.84/SF
− OpEx
−$9.3K −$3.32/SF
NOI
$15.5K $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%
$309,460
Cap Rate 7%
$221,043
Cap Rate 9%
$171,922
Alternative Uses
Best Use
Mixed Use
$221.0K
$193.4K – $257.9K
NOI $15,473 @ 7.0% cap · market cap 8.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$525.8K
$460.1K – $613.5K
NOI $36,809 @ 7.0% cap · market cap 20.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,040
Businesses Nearby
Explore this area
Business Placement
Demographics for 38801, MS
29,795
Population
13,717
Households
2.2
Avg Household Size
38
Median Age
29%
College-Educated
86%
High-School Grad
73.0 sq mi
ZIP Area
408
Density / Sq Mi
$63,447
Median Household Income
$35,596
Median Earnings
$954
Median Rent
$187,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Church & religious facility - The property is leased month to month and carries mixed-use commercial zoning.
Where is this church & religious facility located?
The property is located at 1209 Nelle Tupelo, MS.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: 2,800‑square‑foot church and religious facility; 0.28‑acre parcel; Mixed‑use commercial zoning
