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

    116 NW 1St St Magee, MS 39111

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    800 sqft office/retail space with central heat and air.

    Property size:
    800 SF

    Property Features for 116 NW 1St St

    General Information

    Standard status
    Active
    Size
    800 SF

    Building Details

    Year built
    1950

    We can help!

    Listing Contact
    Chris Curlee
    Source: Exitrealty

    Listing Agency: Main Street Realty LLC Listing Agent: Chris Curlee

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

    Learn more

    Overview

    Office or Retail Space Available

    This property offers approximately 800 square feet of office or retail space. It features central heat and air conditioning, along with one restroom.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Magee
    County
    Simpson
    State
    Mississippi
    Longitude
    -89.7314629
    Latitude
    31.8731305

    Nearby Similar for Sale

    • $599,900
      Pending

      Magee Warehouse and Distribution Center

      25,000 SF warehouse/distribution center on 8.5 acres.
      315 Baldwin Rd, Magee, MS 39111
      View Details
    • $1,200,000
      Pending

      Class A Office Building

      26,342 SF Class A office building in Magee, MS.
      100 Pioneer Way, Magee, MS 39111
      View Details
    • $1,200,000
      Pending

      Class A Office Building

      26,342 SF office building, ideal location, ample parking.
      100 Pioneer Way, Magee, MS 39111
      View Details
    • $165,000
      2,184 SF

      Magee Commercial Warehouse For Sale

      2,184 SF commercially zoned property with warehouse and office space.
      164 Simpson Highway 149, Magee, MS 39111
      View Details
    • $1,200,000
      26,342 SF

      Prime Magee Office Building

      Class A Office, 26,342 SF, 5 Acres
      100 Pioneer Way, Magee, MS 39111
      View Details
    • $990,000
      24,000 SF

      Magee Retail Center: Prime Location

      Three buildings, high-traffic Main Ave.
      501 Main Ave, Magee, MS 39111
      View Details
    • $1,200,000
      26,342 SF

      Magee Office Building: Prime Investment

      Class A Office, 26,342 SF, Vacant
      100 Pioneer Way, Magee, MS 39111
      View Details
    • $1,200,000
      8,000 SF

      Prime Magee Office Building Investment

      High-visibility, 100% occupied, dual-tenant office.
      1663 Us 49, Magee, MS 39111
      View Details
    • Contact for pricing
      3,700 SF

      Restaurant/Retail Opportunity in Magee, MS

      Restaurant or retail property with high visibility in Magee, MS.
      201 Pinola Dr, Magee, MS 39111
      View Details
    • $135,000
      4,000 SF

      Magee Retail Building - Hwy 149

      High-traffic retail space, excellent investment.
      582 Simpson Highway 149, Magee, MS 39111
      View Details
    • $145,500
      2,900 SF

      Downtown Magee Retail Space

      Prime Retail Location, Historic District
      102 Main Ave, Magee, MS 39111
      View Details
    • $119,000
      1,872 SF

      Downtown Magee Retail Space

      Prime retail space, historic Main Ave. High traffic location.
      124 Main Ave, Magee, MS 39111
      View Details

    FAQs

    What type of property is this?
    Office units - 800 sqft office/retail space with central heat and air.
    Where is this office units located?
    The property is located at 116 NW 1St St Magee, MS.
    What are key features of this property?
    This property features: - Central heat and air; - 800 sq.ft. office or retail space; - One restroom
    (601) 382-1271
    Request Owner's contact information
    116 NW 1St St Magee, MS 39111
    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.
    116 NW 1St St
    Magee, MS 39111
    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
    116 NW 1St St Magee, MS 39111
    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
    Chris Curlee
    Real Estate License ID: B15845
    (601) 382-1271 (601) 849-3226
    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!