Industrial
New
For Sale
$399,000
291 George Thompson Dr, Tupelo, MS 38801
Commercial Sale, Tupelo, MS
Property Size4,173 SF
Lot Size2.33 Acres
Price / SF$95.61
Days on Market4
Property Features for 291 George Thompson Dr
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
From Tupelo: Follow Highway 45/US-45 S Take the right exit onto S Green St/US-278 W/MS-6 toward Pontotoc Keep left at S Green St/MS-6 Turn left onto S Green St/MS-6 Turn left onto International Dr Turn right onto George T Thompson Coordinates: 34.2119, -88.7016
Subdivision
Southeast Tupelo
Standard status
Active
Size
4,173 SF
Lot size
2.33 Acres
Taxes and HOA fees
Tax Description
B 2020 P015012 B 2020 P 015009
Tax Annual Amount
6130
Legal Description
B 2020 P015012 B 2020 P 015009
Building Details
Floors in Building
1
Listing Agency:
Wesley Webb Real Estate
Listed By:
John Barrett Brady
(662) 844-1681
Added: Oct 19
Changed: Oct 20
Last Checked: Oct 22 at 4:06AM
MLS# 26-3904
Copyright © 2026 Northeast Mississippi Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This warehouse property contains a 4,173-square-foot building on 2.33 acres. The site is zoned for industrial use, supporting warehouse and commercial applications.
At 291 George Thompson Dr in Tupelo, the property sits just off Highway 45 South, with access to Highway 287/6 and I-22.
At 291 George Thompson Dr in Tupelo, the property sits just off Highway 45 South, with access to Highway 287/6 and I-22.
Key Highlights
- 4,173‑square‑foot warehouse building
- 2.33‑acre site
- Zoned for industrial use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,339
Cap Rate
7.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$626,780
$626.8K
Cap Rate 7%
$447,700
$447.7K
Cap Rate 9%
$348,211
$348.2K
Market Conditions
NOI Build-Up for 4,173 SF
Gross rent
$39.6K $9.48/SF
− Vacancy
−$2.7K −$0.64/SF
EGI
$36.9K $8.84/SF
− OpEx
−$5.5K −$1.33/SF
NOI
$31.3K $7.51/SF
Area
Lee County, MS
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$626,780
Cap Rate 7%
$447,700
Cap Rate 9%
$348,211
Alternative Uses
Best Use
Warehouse
$447.7K
$391.7K – $522.3K
NOI $31,339 @ 7.0% cap · market cap 7.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$783.7K
$685.7K – $914.3K
NOI $54,859 @ 7.0% cap · market cap 13.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 38801, MS
29,795
Population
13,717
Households
2.2
Avg Household Size
38
Median Age
29%
College-Educated
86%
High-School Grad
73.0 sq mi
ZIP Area
408
Density / Sq Mi
$63,447
Median Household Income
$35,596
Median Earnings
$954
Median Rent
$187,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Morgan Moving and Storage — 41 George T Thompson Drive, Tupelo, MS 38801
- U-Pack — 291 George Thompson Dr, Tupelo, MS 38801
Frequently Asked Questions
What type of property is this?
Warehouse - A compact warehouse parcel offers convenient connections to regional highways.
Where is this warehouse located?
The property is located at 291 George Thompson Dr Tupelo, MS.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 4,173‑square‑foot warehouse building; 2.33‑acre site; Zoned for industrial use
