Mixed-Use Property with Event
New
For Sale
$1,100,000
3425 N Liberty St, Canton, MS 39046
Four operating businesses and a rentable event venue support varied commercial use.
Property Size11,000 SF
Lot Size0.46 Acres
Price / SF$100
Days on Market1
Property Features for 3425 N Liberty St
General Information
Standard status
Active
Size
11,000 SF
Lot size
0.46 Acres
Amenities
event center
Building Details
Year Built
1978
Tenancy
Multi
Listing Agency:
Keller Williams
Listed By:
Maurice Goree · License #S56972
(662) 397-3515
Source:
Fiorellaavenue
Added: Sep 12
Last Checked: Sep 11 at 8:07AM
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 Keller Williams
Investment Insights
Based on property information with market context.
This mixed-use commercial property contains approximately 11,000 square feet on approximately 0.46 acres. Four businesses currently occupy the property, creating multiple commercial spaces within the existing layout. An event center adds a separate use component and is rented for small gatherings, meetings, celebrations, parties, and other special events.
Located at 3425 N Liberty St in Canton, the property is just minutes from downtown. Its current configuration supports continued operation of the existing businesses and event venue, while the available commercial area may accommodate additional leasing, new business concepts, redevelopment, or other uses consistent with the property’s mixed-use classification.
Located at 3425 N Liberty St in Canton, the property is just minutes from downtown. Its current configuration supports continued operation of the existing businesses and event venue, while the available commercial area may accommodate additional leasing, new business concepts, redevelopment, or other uses consistent with the property’s mixed-use classification.
Key Highlights
- Approximately 11,000 square feet of commercial space
- Approximately 0.46 acres
- Four businesses currently operate at the property
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$74,250
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,485,000
$1.5M
Cap Rate 7%
$1,060,714
$1.1M
Cap Rate 9%
$825,000
$825.0K
Market Conditions
NOI Build-Up for 11,000 SF
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.
Gross rent
$132.0K $12.00/SF
− Vacancy
−$13.2K −$1.20/SF
EGI
$118.8K $10.80/SF
− OpEx
−$44.6K −$4.05/SF
NOI
$74.3K $6.75/SF
Area
Madison County, MS
Vacancy
10.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,485,000
Cap Rate 7%
$1,060,714
Cap Rate 9%
$825,000
Alternative Uses
Best Use
Mixed Use
$1.06M
$928.1K – $1.24M
NOI $74,250 @ 7.0% cap · market cap 6.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.39M
$2.10M – $2.79M
NOI $167,619 @ 7.0% cap · market cap 15.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
450
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four operating businesses and a rentable event venue support varied commercial use.
Where is this mixed-use property located?
The property is located at 3425 N Liberty St Canton, MS.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Approximately 11,000 square feet of commercial space; Approximately 0.46 acres; Four businesses currently operate at the property
