Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercially Zoned Office Building Title is generated by Realmo AI

    1585 S Main St, Greenville, MS 38701

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    High-traffic location with multiple office spaces and meeting rooms.

    Type:Office
    Property size:
    1,885 SF
    Price / SF:
    $79/SF
    Added:
    Mar 21, 2024
    Days on Market:
    807
    Last Refresh:
    May 13 at 8:22 pm

    Property Features for 1585 S Main St

    General Information

    Standard status
    Active
    Size
    1,885 SF
    Property subtype
    Office

    Building Details

    Year Built
    1978

    We can help!

    Listing Contact
    AL BROCK

    Listing agent AL BROCK License #MS 10364

    Listing office Al Brock Real Estate & Construction Company

    Listing date Mar 21, 2024

    Source Crexi

    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 Al Brock Real Estate & Construction Company

    HighLights

    • Commercially zoned office building in a high traffic location.
    • Multiple office spaces available.
    • Good move‑in condition.
    • Adequate parking.
    • Meeting rooms.
    • Good storage.

    Overview

    This commercially zoned office building is situated in a high-traffic location. The property features multiple office spaces and meeting rooms, along with storage areas. The building is in move-in condition and includes parking. The property size is 1885 square feet.
    Location Intelligence

    Current Use by Public Records

    Progressive Physician Services Medical Clinic

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Washington
    State
    Mississippi
    Longitude
    -91.05553
    Latitude
    33.380479

    Nearby Similar for Sale

    • $375,000
      4,576 SF

      Highway 1 Commercial Property

      Commercial property on Highway 1 with income potential.
      1634 Mississippi 1, Greenville, MS 38701
      View Details
    • $385,000
      5,598 SF

      Downtown Greenville Mixed-Use Building

      Mixed-use commercial building in downtown Greenville with parking.
      124 S Broadway Street, Greenville, MS 38701
      View Details
    • $1,555,000
      130,000 SF

      Greenville Factory and Warehouse Facility

      130,000 SF factory/warehouse on 9 acres near Mississippi River.
      956 N Broadway Street, Greenville, MS 38701
      View Details
    • $1,450,000
      31,503 SF

      Retail Shopping Center with Vacant Suites

      72% occupied center along Highway 1 South, anchored by Beauty Supply, Nail Pro, and Government Services, with lease-ready space available.
      641 Highway 1 South, Greenville, MS 38701
      View Details
    • Contact for pricing
      6,718 SF

      Freestanding Retail Property For Sale

      Freestanding retail property in a high-visibility location.
      2818 Hwy 82 E, Greenville, MS
      View Details
    • $280,000
      37,332 SF

      Riverside Plaza Investment Opportunity

      Prime commercial property with high visibility in a bustling community.
      628 US-82, Greenville, MS 38701
      View Details
    • $300,000
      3,446 SF

      Spacious Office Complex For Sale

      Large office complex with reception area and multiple offices.
      1417 Trailwood Dr, Greenville, MS 38701
      View Details
    • $4,651,100
      4,958 SF

      New Chick-fil-A Net Lease

      New 4,958 SF Chick-fil-A in Greenville, Mississippi for sale.
      1647 MS-1, Greenville, MS 38701
      View Details
    • Contact for pricing
      20,974 SF

      Industrial Building on 7.55 Acres

      Industrial building on 7.55 acres suitable for warehousing, manufacturing.
      998 N Broadway St, Greenville, MS 38701
      View Details
    • $112,500
      4,600 SF

      Commercial Building with Showroom

      Commercial building featuring a showroom, work areas, and storage.
      327 MS-1, Greenville, MS 38701
      View Details
    • $97,000
      842 SF

      Retail Space with Paved Parking

      Retail space suitable for barber or beauty shop.
      1375 E Reed Rd, Greenville, MS 38703
      View Details

    FAQs

    What type of property is this?
    Office building - High-traffic location with multiple office spaces and meeting rooms.
    Where is this office building located?
    The property is located at 1585 S Main St Greenville, MS.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: Commercially zoned office building in a **high traffic location**.; Multiple office spaces available.; Good move‑in condition.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    AL BROCK
    Real Estate License ID: MS 10364
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1585 S Main St, Greenville, MS 38701
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!