Property profile

202 2nd St Booneville, MS 38829

OFF-MARKET
Office buildings
Property ID
US50-1288314
3,600 SF Built 1993
Individually Owned Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 202 N 2nd St. in Booneville, MS, presents a unique investment opportunity. Situated in Booneville's busiest commercial district, this property boasts high visibility and significant foot traffic, ensuring maximum exposure for your business. The property encompasses two distinct units, offering flexibility and potential for diverse uses. The larger unit, spanning approximately 2,520 square feet, is ideally suited for medical or professional services. Its well-designed layout includes a spacious reception/waiting area, multiple offices/work areas, exam rooms, and ample storage, reflecting its previous use as an optometrist's office. The smaller unit, at approximately 10,80 square feet, is currently leased, generating immediate rental income. This provides a stable cash flow stream alongside the potential for your own business operations in the larger space. The property sits on a half-acre lot and includes approximately 10,000 square feet of concrete parking, providing convenient and ample parking for customers and employees. This prime commercial space offers a rare opportunity to establish or expand your business in a thriving Booneville location. The asking price for this exceptional property is $560,000.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1993
Total area 3,600 SF
APN 06021009 22100
UPID US50-1288314

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Loan Service
  • Factory Production Facility
  • Physician

Location

202 2nd St Booneville, MS 38829-2702
Booneville metro Census 950301 TUPELO, MS MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$710k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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