Two-Building Storefront
For Sale
$295,000
625 E Peace St, Canton, MS 39046
Freestanding retail buildings provide multi-tenant occupancy and ample parking.
Property Size2,177 SF
Lot Size0.82 Acres
Price / SF$135.51
Days on Market23
Property Features for 625 E Peace St
General Information
Standard status
Active
Size
2,177 SF
Lot size
0.82 Acres
Zoning
C-2
Occupancy
100%
Additional Details
Corner Location
Yes
Building Details
Year Built
1968
Buildings
2
Tenancy
Multi
Listing Agency:
JDJ Realty
(601) 707-5555
Listed By:
Rebecca Atkinson · License #S24100
Source:
Fiorellaavenue
Added: Aug 9
Changed: Aug 29
Last Checked: Aug 30 at 7:28PM
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 JDJ Realty
Investment Insights
Based on property information with market context.
This Canton commercial property comprises two separate freestanding storefront buildings with 2177 SF of combined space. The layout supports multi-tenant occupancy, and both buildings are fully leased. Ample parking serves the property, which spans .82 acres and is zoned C-2.
The buildings occupy corner positions along two well-traveled streets. The surrounding Madison County area includes major employment and distribution operations connected with the Amazon Mega Site and Nissan. The property is located at 625 E Peace Street in Canton, MS, with a two-building configuration and an established leased profile.
The buildings occupy corner positions along two well-traveled streets. The surrounding Madison County area includes major employment and distribution operations connected with the Amazon Mega Site and Nissan. The property is located at 625 E Peace Street in Canton, MS, with a two-building configuration and an established leased profile.
Key Highlights
- 2 freestanding buildings with 2177 SF of total space
- .82‑acre property with C‑2 zoning
- Fully leased multi‑tenant configuration
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,190
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$423,800
$423.8K
Cap Rate 7%
$302,714
$302.7K
Cap Rate 9%
$235,444
$235.4K
Market Conditions
NOI Build-Up for 2,177 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$32.7K $15.00/SF
− Vacancy
−$2.4K −$1.10/SF
EGI
$30.3K $13.91/SF
− OpEx
−$9.1K −$4.17/SF
NOI
$21.2K $9.73/SF
Area
Madison County, MS
Vacancy
7.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$423,800
Cap Rate 7%
$302,714
Cap Rate 9%
$235,444
Alternative Uses
Best Use
Retail
$302.7K
$264.9K – $353.2K
NOI $21,190 @ 7.0% cap · market cap 7.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$473.9K
$414.7K – $552.9K
NOI $33,173 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
239
Businesses Nearby
30k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 68%
Groceries 26%
Home Improvements & Furnishings 3%
Apparel 2%
Dollar Tree
Shops & Services
10,613 visits/mo
0.2 miles
Save-A-Lot
Groceries
7,698 visits/mo
0.4 miles
Shell
Shops & Services
7,393 visits/mo
0.1 miles
Valvoline Instant Oil Change
Shops & Services
1,259 visits/mo
0.5 miles
Family Dollar
Shops & Services
1,118 visits/mo
0.4 miles
Demographics for 39046, MS
27,866
Population
12,909
Households
2.2
Avg Household Size
37
Median Age
29%
College-Educated
83%
High-School Grad
311.8 sq mi
ZIP Area
89
Density / Sq Mi
$48,288
Median Household Income
$33,879
Median Earnings
$879
Median Rent
$210,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding retail buildings provide multi-tenant occupancy and ample parking.
Where is this storefront property located?
The property is located at 625 E Peace St Canton, MS.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 2 freestanding buildings with 2177 SF of total space; .82‑acre property with C‑2 zoning; Fully leased multi‑tenant configuration
