Automotive Repair
1345 Palmetto Road Tupelo, MS 38801
For Sale
$389,900
COMMERCIAL - Tupelo, MS
Property Size4,500 SF
Lot Size0.78 Acres
Price / SF$86.64
Days on Market194
Property Features for 1345 Palmetto Road
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Standard status
Active
APN
107d-25-062-00
Size
4,500 SF
Lot size
0.78 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT PT NW1/4 NE1/4 SD 7000 VERONA ORIGINAL SURVE BK 1859 PG 54107/01/1999
Tax Annual Amount
5498
Building Details
Year built
1970
Floors in Building
1
Listing Agency:
RE/MAX Realty Group
(662) 403-4200
Listed By:
Clint Bolton · License #B-18917
(662) 934-9376
Added: Jan 15
Changed: Jul 24
Last Checked: Jul 28 at 1:06AM
MLS# 4136357
Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This automotive repair facility includes two buildings comprising shop, warehouse, and office space, along with a large package of service and shop equipment. Included items listed in the offering include air compressor, tire machine, balancer, two four-post lifts, one two-post lift, a blast machine, stone machine, lathe, press, and three testers, along with other tools and included inventory such as starters, alternators, and drill press-related items.
The property is located at 1345 Palmetto Road in Tupelo, Mississippi (Lee County). The public remarks state the repair business is fully operational; however, the business name is not included in the sale.
For buyers seeking an automotive-focused facility with turn-key-to-operate equipment and parts inventory included, the combination of shop and warehouse space with office support is designed to support ongoing repair activity.
The property is located at 1345 Palmetto Road in Tupelo, Mississippi (Lee County). The public remarks state the repair business is fully operational; however, the business name is not included in the sale.
For buyers seeking an automotive-focused facility with turn-key-to-operate equipment and parts inventory included, the combination of shop and warehouse space with office support is designed to support ongoing repair activity.
Key Highlights
- 1970‑built automotive repair facility offered with 2 buildings: shop, warehouse, and office
- Included automotive equipment: air compressor, tire machine, and balancer
- Lifts included: two four‑post lifts and one two‑post lift
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.4k | $13.20 |
| − Vacancy | −$4.9k | −$1.08 |
| EGI | $54.5k | $12.12 |
| − OpEx | −$19.1k | −$4.24 |
| NOI | $35.4k | $7.88 |
4,500 SF · lease $13.20/SF/yr · vacancy 8.20% · expense 35.00%
Alternative Uses
Best Use
Retail
$533.6K
$466.9K – $622.6K
NOI $37,354 @ 7.0% cap · market cap 9.58%
Second Best
Flex RnD
$506.3K
$443.1K – $590.7K
NOI $35,444 @ 7.0% cap · market cap 9.09%
Theoretical Best
Office A
$845.1K
$739.5K – $986.0K
NOI $59,158 @ 7.0% cap · market cap 15.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Krosh Automotive & Re-builders Alternators & Starters — 1345 Palmetto Rd, Tupelo, MS 38801
- Wheel City — 4990 N Raymond Ave, Tupelo, MS 38801
- Verona Auto Repair — 5182 Raymond Ave, Tupelo, MS 38801
Frequently Asked Questions
What type of property is this?
Auto shop - Two-building automotive facility with shop, warehouse, office space, and included lift and testing equipment for an active repair operation.
Where is this auto shop located?
The property is located at 1345 Palmetto Road Tupelo, MS.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: 1970‑built automotive repair facility offered with 2 buildings: shop, warehouse, and office; Included automotive equipment: air compressor, tire machine, and balancer; Lifts included: two four‑post lifts and one two‑post lift
