Add Listing
    For Sale
    • 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

    1710 State Highway 15 N Laurel, MS 39440

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,040,000

    Two-tenant commercial property in a high-traffic retail corridor.

    Lot size:
    0.60 Acres

    Property Features for 1710 State Highway 15 N

    General Information

    Lot size
    0.60 Acres

    Building Details

    Year built
    2003

    We can help!

    Listing Contact
    Joe Johnson
    Joe Johnson
    Source: Nainorcal

    Listing Agent: Joe Johnson

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

    Learn more

    Overview

    Two-Tenant Retail Property on Highway 15

    This two-tenant commercial property, leased to Advance America and Gamestop, is located on State Highway 15 in Laurel, Mississippi, within a busy retail and trade area. The property benefits from its central location, contributing to its long-term viability. Both tenants operate under NNN leases, reimbursing expenses, while the landlord is responsible for the roof and structure. Gamestop has one 5-year option remaining on their lease. The property is in close proximity to a Walmart Supercenter, Lowe's, Office Depot, Dollar Tree, Big Lots, McDonald's, Aaron's, Dollar General, Burger King, Sonic, Raisin' Canes, Autozone, O'Reilly's, Applebees, Little Caesar's, Hardee's, KFC, Pizza Hut, Dairy Queen, Harbor Freight, Papa John's, Wendy's, Dickie's BBQ and Applebees.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Pharmacy Kitchen & Bath Showroom Department Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Laurel
    County
    Jones
    State
    Mississippi
    Longitude
    -89.1116
    Latitude
    31.6875

    Nearby Similar for Sale

    • $750,000
      4,334 SF

      HGTV Featured Mixed-Use Building

      Unique mixed-use property with Airbnb units, bar, and cafe.
      318 Front St, Laurel, MS 39440
      View Details
    • New
      $149,900
      2,264 SF

      Versatile Commercial Property in Laurel, MS

      Adaptable commercial space with high traffic and flexible layout.
      1037 State Highway 15 SOUTH, Laurel, MS 39443
      View Details
    • $275,000

      Versatile Warehouse Near Downtown Laurel

      Functional office and warehouse space in high-traffic location.
      113 Ellisville Blvd, Laurel, MS 39440
      View Details
    • $295,000
      2,559 SF

      Laurel, MS Business Opportunity

      Corner lot property suitable for medical or business offices.
      3123 Audubon Dr, Laurel, MS 39440
      View Details
    • $350,000
      2,891 SF

      Laurel Retail Property For Sale

      Commercial property with prime rental space and strong, stable businesses.
      1250 W 1St St, Laurel, MS 39440
      View Details
    • $164,900
      2,366 SF

      Commercial Building in Laurel, MS

      Commercial building with multiple offices, break room, and bathrooms.
      1213 N 1St Ave, Laurel, MS 39440
      View Details
    • $775,000
      26,060 SF

      Commercial Buildings in Laurel, MS

      Two commercial buildings suitable for automotive or retail businesses.
      2704 Ms Hwy 15 North, Laurel, MS 39440
      View Details
    • $775,000
      26,060 SF

      Commercial Buildings Near Car Dealers

      Two commercial buildings totaling 26,060 SF near car dealerships.
      2704 Ms-15, Laurel, MS 39440
      View Details
    • $535,000
      16,770 SF

      Sprawling Church Campus For Sale

      Relocating church offers spacious campus with chapel, auxiliary building, parsonage.
      3123 Ellisville Blvd, Laurel, MS 39440
      View Details
    • $350,000
      6,913 SF

      Laurel, MS Business Opportunity

      Well-maintained 6,913 sqft building on over 3 acres.
      544 E 1St St, Laurel, MS 39440
      View Details
    • $699,000
      Pending

      Mixed-Use Property in Laurel, MS

      9470 sq ft mixed-use property with residential and commercial spaces.
      437 N Magnolia St, Laurel, MS 39440
      View Details
    • $550,000
      23,250 SF

      Office and Shop in Laurel

      Office building with metal shop and additional outbuildings for sale.
      1987 Bush Dairy Rd, Laurel, MS 39440
      View Details

    FAQs

    What type of property is this?
    Strip mall - Two-tenant commercial property in a high-traffic retail corridor.
    Where is this strip mall located?
    The property is located at 1710 State Highway 15 N Laurel, MS.
    What is the asking price?
    The asking price for this property is $1,040,000.
    What are key features of this property?
    This property features: - Located on State Highway 15 in a heavy retail and trade corridor, ensuring high visibility and customer traffic; - Two-tenant commercial retail property occupied by established national brands: Gamestop and Advance America; - NNN leases in place with tenants reimbursing expenses, providing a stable income stream
    (601) 649-2356
    Request Owner's contact information
    1710 State Highway 15 N Laurel, MS 39440
    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.
    1710 State Highway 15 N
    Laurel, MS 39440
    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
    1710 State Highway 15 N Laurel, MS 39440
    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!
    Listing Contact
    Joe Johnson
    Joe Johnson
    (601) 649-2356 (601) 469-2356
    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!