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 11:06AM

Report an Issue

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

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

Unlock full access to Insights Subscribe to Realmo Intelligence

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

Questions? Ask Rey

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

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

Similar For Sale Nearby

Canton Industrial Flex Property

831 East Peace Street, Canton, MS 39046

$749,000

14,000 SF

View details

Modern Industrial Building Near Mega-Site

1831 W Peace St, Canton, MS 39046

$1,900,000

6,613 SF

View details

Historic Former Cotton Gin Building

436 W Peace St, Canton, MS 39046

Contact for pricing

14,895 SF

View details

Flex Space with Drive-In Bays

238 Commercial Parkway, Canton, MS 39046

Contact for pricing

3,000 SF

View details

Canton Warehouse Near Amazon Facility

425 N Union St Ext, Canton, MS 39046

Contact for pricing

88,194 SF

View details

Institutional Cross-Dock Distribution Facility

501 Denim Way, Canton, MS 39046

Contact for pricing

957,514 SF

View details

Mixed-Use Property with Event Center

3425 N Liberty St, Canton, MS 39046

$1,100,000

11,000 SF

View details

Flexible Office Building

3390 N Liberty Street, Canton, MS 39046

$445,000

10,990 SF

View details

Three-Suite Multi-Tenant Office Building

1976 Hwy 43, Canton, MS 39046

$1,200,000

14,000 SF

View details

Mixed-Use Building with Upstairs Apartment

1011 E Peace Street, Canton, MS 39046

$230,000

2,837 SF

View details

Two-Building Storefront Property

625 E Peace Street, Canton, MS 39046

$295,000

2,177 SF

View details

Warehouse with Loading Access

556 Matthews Drive, Canton, MS 39046

Contact for pricing

22,000 SF

View details

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
• Abigail Towing Service — 3361 N Liberty St, Canton, MS 39046
• 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