Six-Bay Car
For Sale
$299,000
308 Lawndale Dr, Tupelo, MS 38801
COMMERCIAL - Tupelo, MS
Property Size2,400 SF
Lot Size1.15 Acres
Price / SF$124.58
Days on Market11
Property Features for 308 Lawndale Dr
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
West Main St to Lawndale, South Lawndale, property on the left. Coordinates: 34.2523, -88.7283
Subdivision
Northwest Tupelo
Standard status
Active
Size
2,400 SF
Lot size
1.15 Acres
Taxes and HOA fees
Tax Description
B 2021 P 000605
Tax Annual Amount
2627
Legal Description
B 2021 P 000605
Building Details
Floors in Building
1
Listing Agency:
Wesley Webb Real Estate
(662) 844-1681
Listed By:
Jerel Baughman · License #S-60854
(662) 844-1681
Added: Jul 22
Changed: Jul 27
Last Checked: Aug 1 at 5:06PM
MLS# 26-2621
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.
Investment Insights
Based on property information with market context.
This car wash property features a six-bay layout situated on a 1.15-acre site with lot depth of 465 feet. The property size is listed at 2,400 square feet.
The site offers 262 feet of road frontage and is located at 308 Lawndale Dr in Tupelo, Mississippi (Lee County). The property is described as being in a high-traffic area with easy access, supporting straightforward drive-up operations.
The current listing remarks indicate the car wash is producing monthly income, and the property has water and electric costs noted in the remarks. All information is subject to verification.
The site offers 262 feet of road frontage and is located at 308 Lawndale Dr in Tupelo, Mississippi (Lee County). The property is described as being in a high-traffic area with easy access, supporting straightforward drive-up operations.
The current listing remarks indicate the car wash is producing monthly income, and the property has water and electric costs noted in the remarks. All information is subject to verification.
Key Highlights
- Six‑bay car wash layout
- 1.15‑acre site with 465‑foot lot depth
- 262 feet of road frontage
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.0k | $15.00 |
| − Vacancy | −$2.8k | −$1.17 |
| EGI | $33.2k | $13.83 |
| − OpEx | −$8.3k | −$3.46 |
| NOI | $24.9k | $10.37 |
2,400 SF · lease $15.00/SF/yr · vacancy 7.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$355.6K
$311.2K – $414.9K
NOI $24,894 @ 7.0% cap · market cap 8.33%
Second Best
Retail
$284.6K
$249.0K – $332.0K
NOI $19,922 @ 7.0% cap · market cap 6.66%
Theoretical Best
Office A
$450.7K
$394.4K – $525.9K
NOI $31,551 @ 7.0% cap · market cap 10.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
306
Businesses Nearby
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Car wash - Six-bay carwash on a deep lot with extensive road frontage for straightforward access and visibility.
Where is this car wash located?
The property is located at 308 Lawndale Dr Tupelo, MS.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Six‑bay car wash layout; 1.15‑acre site with 465‑foot lot depth; 262 feet of road frontage
