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    Remodeled Bar with Stage Title is generated by Realmo AI

    305 S Main Street, Yazoo City, MS 39194

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    For Sale
    $239,000

    Remodeled bar with stage, dance floor, and outdoor amphitheater.

    Type:Commercial/Industrial
    Added:
    Jan 29, 2025
    Days on Market:
    488
    Last Refresh:
    May 27 at 3:38 pm

    Property Features for 305 S Main Street

    General Information

    Standard status
    Active
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1910

    We can help!

    Listing Contact
    Lee Garland
    Lee Garland

    Listing agent Lee Garland License #B13983

    Listing office Epique

    Listing date Jan 29, 2025

    Source Exitrealty

    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 Epique

    HighLights

    • Remodeled bar featuring a stage, dance floor, and diverse seating options.
    • Enjoy the convenience of an outdoor amphitheater located right next door.
    • Centrally located in Yazoo City with ample parking available.
    • Package deal includes an additional building across the street.
    • Owner financing options are available with 20% or more down.
    • Historic building constructed in 1910 showcasing exposed brick.

    Overview

    This remodeled bar is a gathering place where people share meals, build friendships, listen to music, and relax. The bar features a stage, a dance floor with lights, seating for individuals, couples, and larger groups, a traditional bar area, high-top tables, and a kitchen suitable for preparing lunches or light suppers. The interior includes high ceilings and exposed original brick walls. Ample parking is available directly in front of the building. The property is centrally located for residents of Bentonia, Flora, Belzoni, Rolling Fork, Pickens, and other nearby areas. Adjacent to the bar is an outdoor amphitheater, suitable for hosting summer concerts. The property is located in downtown Yazoo City. A package deal is available that includes the bar and an old print shop located across the street at 304 S Main St, which could be used for storage or another business. Owner financing is possible with 20% or more down.
    Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

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

    Similar Places Nearby

    • Old Gringo Saloon — 305 S Main St, Yazoo City, MS 39194
    • Broasway Bar And Grill — Yazoo City, MS 39194
    • Tiffany’s X’Clusive Sportz Bar & Grill — 342 S Mound St, Yazoo City, MS 39194

    Location Insight

    • Map
    • Local Demand
    City
    Yazoo City
    County
    Yazoo
    State
    Mississippi
    Longitude
    -90.414984
    Latitude
    32.844578

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    FAQs

    What type of property is this?
    Bar & Pub - Remodeled bar with stage, dance floor, and outdoor amphitheater.
    Where is this bar & pub located?
    The property is located at 305 S Main Street Yazoo City, MS.
    What is the asking price?
    The asking price for this property is $239,000.
    What are key features of this property?
    This property features: Remodeled bar featuring a stage, dance floor, and diverse seating options.; Enjoy the convenience of an outdoor amphitheater located right next door.; Centrally located in Yazoo City with ample parking available.
    (601) 983-1130
    We can help!
    Listing Contact
    Lee Garland
    Lee Garland
    Real Estate License ID: B13983
    Learn More
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    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.

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