Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    222 Howard St Greenwood, MS 38930

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $635,000

    Completely renovated restaurant and bar/event space in historic downtown.

    Property size:
    7,000 SF
    Lot size:
    0.08 Acres
    Added:
    Feb 1, 2025
    Days on Market:
    451
    Last Refresh:
    Jan 20 at 9:51 am

    Property Features for 222 Howard St

    General Information

    Standard status
    Active
    Size
    7,000 SF
    Lot size
    0.08 Acres

    We can help!

    Listing Contact
    Jackie L Sims

    Listing agent Jackie L Sims

    Listing office Sims Realty & Development LLC

    Listing date Feb 1, 2025

    Source Exprealty

    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 Sims Realty & Development LLC

    Overview

    Renovated Historic Greenwood Restaurant Building

    This iconic building, also known as Three Deuces, is located in the heart of the Mississippi Delta in historic downtown Greenwood. The property has been completely renovated for use as a modern restaurant and bar/event space. The building spans approximately 7,000 square feet across three floors, accessible by an elevator. This unique building is suitable for investors or entrepreneurs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • By the Bridge Bistro & Catering — 209 W Claiborne Ave, Greenwood, MS 38930

    Location Insight

    • Map
    • Local Demand
    City
    Greenwood
    County
    Leflore
    State
    Mississippi
    Longitude
    -90.1827
    Latitude
    33.5197

    Nearby Similar for Sale

    • $350,000
      6,523 SF

      Distinctive Commercial Space in Greenwood

      Unique commercial buildings with flexible workspace in downtown Greenwood.
      113 W Front Street, Greenwood, MS 38930
      View Details
    • $450,000
      3,672 SF

      Highway Frontage Commercial Opportunity

      Restaurant-ready commercial property with high visibility and ample parking.
      917 W Highway 82, Greenwood, MS 38930
      View Details
    • $575,000
      9,240 SF

      Historic Opera House in Greenwood

      Iconic, restored opera house in downtown Greenwood, Mississippi.
      111 West Front Street, Greenwood, MS 38930
      View Details
    • $1,000,000
      20,700 SF

      Historic Commercial Building on Yazoo River

      Historic Greenwood commercial property adapted for modern use.
      101 Main Street, Greenwood, MS 38930
      View Details
    • $575,000
      9,240 SF

      Historic Opera House in Greenwood

      Iconic, restored historic building in downtown Greenwood.
      111 W Front Street, Greenwood, MS 38930
      View Details
    • $322,000
      6,640 SF

      Versatile Commercial Building on Highway

      6,640 SF commercial building on 0.84 acres with highway visibility.
      201 Hwy 7 N, Greenwood, MS 38930
      View Details
    • $450,000
      3,270 SF

      Distinctive Creative Office, Studio Space

      Unique commercial building with flexible workspace in downtown Greenwood.
      101 W Front Street, Greenwood, MS 38930
      View Details
    • $250,000
      4,000 SF

      Commercial Building in Greenwood, MS

      Commercial space suitable for a restaurant or retail shop.
      1521 Carrollton Avenue, Greenwood, MS 38930
      View Details
    • $850,000
      4,700 SF

      Greenwood Office Building For Sale

      Office building in a high-traffic location near retail.
      2001 Hwy 82, Greenwood, MS 38930
      View Details
    • $1,200,000

      Commercial Property in Greenwood, MS

      Commercial property featuring storage units and storefronts in Greenwood, MS.
      510 West Park Avenue, Greenwood, MS 38930
      View Details
    • $1,400,000
      7,152 SF

      Commercial Property on Highway 82

      Commercial property in Greenwood, MS, located on Highway 82.
      1907 U.S. 82 W Highway, Greenwood, MS 38930
      View Details
    • $40,000
      2,266 SF

      Greenwood Multifamily Investment Opportunity

      Three single-family homes in Greenwood, MS, for one low price.
      801 Main Street lot: 803-807, Greenwood, MS 38930
      View Details

    FAQs

    What type of property is this?
    Restaurant - Completely renovated restaurant and bar/event space in historic downtown.
    Where is this restaurant located?
    The property is located at 222 Howard St Greenwood, MS.
    What is the asking price?
    The asking price for this property is $635,000.
    What are key features of this property?
    This property features: Completely renovated historic building in downtown Greenwood.; Ready‑to‑go modern restaurant and bar/event space.; Approximately 7,000 sq ft over 3 floors.
    (662) 299-7606
    We can help!
    Listing Contact
    Jackie L Sims
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!