Building Details

Year Built 1977

Listing Agency: RIO VENTURES, LLC

Listed By: Veronica L Carr Show Phone

Source: Fiorellaavenue

Added: Sep 30 Changed: Oct 7 Last Checked: Oct 7 at 3:56PM

Report an Issue

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 RIO VENTURES, LLC

Investment Insights

Based on property information with market context.

An operating restaurant at 200 Merit Road in Mendenhall, Mississippi, includes space for dining and a commercial kitchen with equipment. The property is identified as Eason's Fish House.

The restaurant is located at 200 Merit Road, Mendenhall, MS 39114.

Key Highlights

• Operating restaurant identified as Eason's Fish House
• Commercial kitchen with equipment
• Dedicated dining area

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$33,267

Cap Rate

5.12%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$665,340 $665.3K

Cap Rate 7%

$475,243 $475.2K

Cap Rate 9%

$369,633 $369.6K

Market Conditions

NOI Build-Up for 2,993 SF

Gross rent

$46.7K $15.60/SF

− Vacancy

−$2.3K −$0.78/SF

EGI

$44.4K $14.82/SF

− OpEx

−$11.1K −$3.70/SF

NOI

$33.3K $11.11/SF

Area

Simpson County, MS

Vacancy

5.00%

Lease Rate

$15.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$665,340

Cap Rate 7%

$475,243

Cap Rate 9%

$369,633

Alternative Uses

Best Use

Specialty Retail

$475.2K

$415.8K – $554.5K (±1% cap)

NOI $33,267 @ 7.0% cap · market cap 5.12%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$512.9K

$448.8K – $598.4K (±1% cap)

NOI $35,902 @ 7.0% cap · market cap 5.52%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Eason's Catfish House Restaurant

Suggested Use

Top Pick Auto Repair Shop Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

2

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 39114, MS

9,673

Population

4,538

Households

2.1

Avg Household Size

41

Median Age

21%

College-Educated

84%

High-School Grad

190.4 sq mi

ZIP Area

51

Density / Sq Mi

$60,486

Median Household Income

$37,571

Median Earnings

$846

Median Rent

$116,100

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Conventional restaurant - The operating food-service property includes a dining area and an equipped kitchen.

Where is this conventional restaurant located?

The property is located at 200 Merit Rd Mendenhall, MS.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: Operating restaurant identified as Eason's Fish House; Commercial kitchen with equipment; Dedicated dining area