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

    3612 Highway 61 Cleveland, MS 38732

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $575,000

    6,000 SF warehouse with showroom and highway frontage.

    Property size:
    6,000 SF
    Lot size:
    1.80 Acres

    Property Features for 3612 Highway 61

    General Information

    Standard status
    Active
    Size
    6,000 SF
    Lot size
    1.80 Acres

    Building Details

    Year built
    2003

    We can help!

    Listing Contact
    Charlie Heinsz
    Charlie Heinsz
    Source: Exitrealty

    Listing Agency: Tom Smith Land & Homes Listing Agent: Charlie Heinsz

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

    Learn more

    Overview

    Highway Frontage Warehouse with Showroom

    This commercial property features a 6,000 SF metal building situated on approximately 1.8 acres. The property is currently configured with 1,680 SF of showroom and office space, which includes a kitchenette and two restrooms. The showroom provides access to a 4,320 SF shop area through two overhead doors. The shop area itself is equipped with three overhead doors. The property has concrete parking and highway frontage. It is equipped with an alarm and video surveillance system. The warehouse includes three exterior grade-level doors. The property is located in Cleveland, Bolivar County, MS. The property is currently under a three-year lease, with options to renew.
    Location Intelligence

    Current Use by Public Records

    Showrooms

    Suggested Use

    Restaurant Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Gym & Fitness Center Nail Salon Auto Parts Store Hotel & Motel

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

    Similar Places Nearby

    McNeer Mini Storage, M & J Mini Storage

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Bolivar
    State
    Mississippi
    Longitude
    -90.715113
    Latitude
    33.766585

    Nearby Similar for Sale

    • $135,000
      5,139 SF

      Corner Lot in Cleveland, MS

      5,139+/- SF building with display windows and parking.
      155 North St, Cleveland, MS 38732
      View Details
    • $169,000
      2,928 SF

      Multifamily Investment Opportunity in Cleveland

      Five residential units on one property, great investment opportunity.
      314 S Leflore Ave, Cleveland, MS 38732
      View Details
    • $99,500
      1,368 SF

      Duplex Near Delta State University

      Investment opportunity: duplex near Delta State University in Cleveland, MS.
      1109 N Yale St, Cleveland, MS 38732
      View Details
    • $375,000
      4,369 SF

      Commercial Building with Ample Parking

      Spacious commercial building with high visibility and easy accessibility.
      1028 South Davis Ave, Cleveland, MS 38732
      View Details
    • $575,000
      6,000 SF

      Prime Cleveland Storefront Opportunity

      6,000 SF Retail Space - Reduced Price!
      3612 Highway 61, Cleveland, MS 38732
      View Details
    • $575,000
      6,000 SF

      Highway 61 Commercial Building

      Spacious MS Commercial Building - Move-In Ready
      3612 Highway 61, Cleveland, MS 38732
      View Details
    • $325,000
      3,961 SF

      Thriving Childcare Center - Cleveland, MS

      Fully renovated, high-demand childcare center with expansion potential.
      1001 Martin Luther King Dr, Cleveland, MS 38732
      View Details
    • Contact for pricing
      100,236 SF

      Office Building For Sale

      100,236 SF office building available for purchase.
      810 E Sunflower Rd, Cleveland, MS 38732
      View Details
    • $950,000
      15,093 SF

      Prime Cleveland Office Building

      Mississippi Medicaid Lease, High ROI
      504 Chrisman Ave, Cleveland, MS 38732
      View Details
    • $2,417,963
      84,095 SF

      Mississippi Retail Investment

      High-yield Tractor Supply storefront
      306 Sunflower Rd, Cleveland, MS 38732
      View Details
    • $3,770,000
      28,240 SF

      Eagle Plaza Shopping Center

      Mississippi Retail Investment Opportunity
      710 Davis Ave, Cleveland, MS 38732
      View Details
    • $126,000
      1,496 SF

      Cleveland Duplex: Income Property

      Mississippi duplex, two units, $126k.
      315 Bolivar Ave, Cleveland, MS 38732
      View Details

    FAQs

    What type of property is this?
    Warehouse - 6,000 SF warehouse with showroom and highway frontage.
    Where is this warehouse located?
    The property is located at 3612 Highway 61 Cleveland, MS.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: - Existing 3-year lease in place with renewal options provides immediate income and stability.; - High-visibility highway frontage is desirable for future tenants.; - 6,000± SF metal building on 1.8± acres offers ample space.
    (662) 719-7218
    Request Owner's contact information
    3612 Highway 61 Cleveland, MS 38732
    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.
    3612 Highway 61
    Cleveland, MS 38732
    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
    3612 Highway 61 Cleveland, MS 38732
    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
    Charlie Heinsz
    Charlie Heinsz
    Real Estate License ID: S52249
    (662) 719-7218 (662) 441-2500 (601) 898-2772
    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!