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Building Details

Year built 1997

Listing Agency: JDJ Realty Show Phone

Listed By: Jon-David Johnson · License #B17543 Show Phone

Added: Sep 24, 2025 Changed: Oct 12 Last Checked: Oct 15 at 1:06PM

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MLS# 4126701

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 property in Canton includes a 7,200-square-foot truck repair facility with approximately 6,000 square feet of shop area and 1,200 square feet of finished office space. A separate self-storage-style building adds approximately 2,000 square feet. The main facility was built in 1997, and the site is zoned I-2.

The property is within Canton city limits, about 0.6 miles north of Canton Square and three miles east of the Madison Mega Site. I-55 is also identified as nearby.

Key Highlights

• 7,200‑square‑foot facility with approximately 6,000 SF of shop space and 1,200 SF of finished offices
• Separate self‑storage‑style building with approximately 2,000 SF
• I‑2 zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$47,480

Cap Rate

5.59%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$949,600 $949.6K

Cap Rate 7%

$678,286 $678.3K

Cap Rate 9%

$527,556 $527.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,200 SF

Gross rent

$74.0K $8.04/SF

− Vacancy

−$6.1K −$0.67/SF

EGI

$67.8K $7.37/SF

− OpEx

−$20.3K −$2.21/SF

NOI

$47.5K $5.16/SF

Area

Madison County, MS

Vacancy

8.30%

Lease Rate

$8.04 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$949,600

Cap Rate 7%

$678,286

Cap Rate 9%

$527,556

Alternative Uses

Best Use

Retail

$1.28M

$1.12M – $1.49M (±1% cap)

NOI $89,548 @ 7.0% cap · market cap 10.54%

Second Best

Industrial

$678.3K

$593.5K – $791.3K (±1% cap)

NOI $47,480 @ 7.0% cap · market cap 5.59%

Theoretical Best

Office A

$2.00M

$1.75M – $2.34M (±1% cap)

NOI $140,190 @ 7.0% cap · market cap 16.49%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Auto shops

Suggested Use

Top Pick Real Estate Agency Building Supply Dental Office HVAC Service Electrical Service 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

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

441

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

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 Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Similar Off Market Nearby

• Serve-All Towing and Roadside Co. — 3325 S Liberty St, Canton, MS 39046
• Windshield Repair Today of Canton — 636 E Peace St, Canton, MS 39046
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• Faurecia — 252 Yandell Ave, Canton, MS 39046
• June Lawson Auto Wrecker Service — 388 miller st, canton, ms 39046

Frequently Asked Questions

What type of property is this?

Auto shop - Shop and office areas are complemented by a separate self-storage-style building on I-2-zoned land.

Where is this auto shop located?

The property is located at 251 Yandell Road Canton, MS.

What is the asking price?

The asking price for this property is $850,000.

What are key features of this property?

This property features: 7,200‑square‑foot facility with approximately 6,000 SF of shop space and 1,200 SF of finished offices; Separate self‑storage‑style building with approximately 2,000 SF; I‑2 zoning