Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3437 Commonwealth Blvd Tupelo, MS

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available for lease in Tupelo, MS.

    Type:RETAIL
    Property size:
    1,980 SF
    Lot size:
    1.10 Acres
    Added:
    Apr 17, 2025
    Days on Market:
    379
    Last Refresh:
    Apr 5 at 11:01 pm

    Property Features for 3437 Commonwealth Blvd

    General Information

    Standard status
    Active
    Size
    1,980 SF
    Lot size
    1.10 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 3437 Commonwealth Blvd Contact us

    We can help!

    Listing Contact
    Clay Short
    Clay Short

    Listing agent Clay Short License #S-27047

    Listing office TRI Inc.

    Listing date Apr 17, 2025

    Source Moodyscre

    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 TRI Inc.

    Overview

    Retail Space For Rent

    This retail space, located at 3437 Commonwealth Blvd in Tupelo, MS, offers 1980 square feet of area. The property is suitable for retail purposes.
    Location Intelligence

    Current Use by Public Records

    Thorderson Jedd A Physician Brown Thomas C Physician Crossroads Rehabilitation Services, ... Physician Raychal Roberts Physician Primary Eye Care ... Eye Care Center

    Suggested Use

    Real Estate Agency Restaurant Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Auto Parts Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Tupelo
    County
    Lee
    State
    Mississippi
    Longitude
    -88.7034
    Latitude
    34.2576

    Nearby Similar for Lease

    • $34 SF/Yr

      Restaurant Space in Fairpark District

      Fully built-out restaurant space in Tupelo's Fairpark District.
      205 E Troy St, Tupelo, MS 38804
      View Details
    • $14 SF/Yr

      Retail Space in Tupelo Market

      Retail leasing opportunities with high consumer traffic and ample parking.
      2230 Rabbit Drive , Tupelo, MS 38801
      View Details
    • $8 SF/Yr

      Tupelo Truck Terminal with 19-Doors

      19-door truck terminal with warehouse and office space for lease.
      3390 Jeff Homan Blvd, Tupelo, MS 38801
      View Details
    • Contact for pricing

      Retail Space in Tupelo Hub

      Premier retail space in a regional shopping center.
      3944-3952 North Gloster Street, Tupelo, MS 38804
      View Details
    • $20 SF/Yr

      Premier Retail Space in Tupelo

      Exceptional retail opportunity in a regional shopping center.
      3944-3952 North Gloster Street, Tupelo, MS 38804
      View Details
    • $30 SF/Yr

      Retail Space in Tupelo, MS

      Retail space available for lease in Tupelo, Mississippi.
      3929 N Gloster St, Tupelo, MS
      View Details
    • $18 SF/Yr

      Office Space in Tupelo

      Office space available for lease in Tupelo, Mississippi.
      609 Brunson Dr, Tupelo, MS
      View Details
    • $26 SF/Yr

      Retail Space For Rent

      Retail space available for lease in Tupelo, Mississippi.
      930 E Barnes Crossing Rd, Tupelo, MS
      View Details
    • $14 SF/Yr

      Retail Space in Tupelo Market

      Retail leasing opportunities in high-traffic Tupelo Market.
      2230 Rabbit Drive , Tupelo, MS 38801
      View Details
    • Contact for pricing

      Retail Center in Tupelo, Mississippi

      Retail center with restaurant endcap available in major retail district.
      3999 N Gloster St, Tupelo, MS 38804
      View Details
    • Contact for pricing

      Restaurant Building with Drive-Thru

      Freestanding restaurant with drive-thru on South Gloster Street.
      903 S Gloster St, Tupelo, MS 38801
      View Details
    • Contact for pricing

      Tupelo Industrial Facility with Rail

      175,000 SF industrial facility with rail access in Tupelo, MS.
      1867 South Veterans Memorial Boulevard, Tupelo, MS, 38804
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available for lease in Tupelo, MS.
    Where is this retail space located?
    The property is located at 3437 Commonwealth Blvd Tupelo, MS.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: Retail space available for lease; Located in Tupelo, MS
    (662) 842-8283 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Clay Short
    Clay Short
    Real Estate License ID: S-27047
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!