7-Unit Shopping
For Sale
$1,200,000
3651 Simpson Highway 49, Mendenhall, MS 39114
A separate vacant office building complements the center’s mix of occupied and available retail space.
Property Size8,000 SF
Lot Size1.17 Acres
Price / SF$150
Days on Market12
Property Features for 3651 Simpson Highway 49
General Information
Standard status
Active
Size
8,000 SF
Lot size
1.17 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,991
Building Details
Buildings
2
Tenancy
Multi
Listing Agency:
Real Broker
(228) 471-5211
Listed By:
Beau Davis · License #S56272
(601) 422-9812
Source:
Exprealty
Added: Oct 20
Changed: Oct 31
Last Checked: Oct 30 at 2:45PM
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 Real Broker
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.
The property includes two commercial buildings totaling approximately 8,000 square feet on 1.17 acres. The shopping center contains seven units, with five occupied and two vacant; a separate office building is also vacant. On-site parking serves the property.
The site has frontage on US Hwy 49 in Mendenhall, Mississippi.
The site has frontage on US Hwy 49 in Mendenhall, Mississippi.
Key Highlights
- Two commercial buildings totaling approximately 8,000 square feet on 1.17 acres
- Seven‑unit shopping center with 5 occupied units and 2 vacant
- Separate vacant office building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,296
Cap Rate
6.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,585,920
$1.6M
Cap Rate 7%
$1,132,800
$1.1M
Cap Rate 9%
$881,067
$881.1K
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$120.0K $15.00/SF
− Vacancy
−$6.7K −$0.84/SF
EGI
$113.3K $14.16/SF
− OpEx
−$34.0K −$4.25/SF
NOI
$79.3K $9.91/SF
Area
Simpson County, MS
Vacancy
5.60%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,585,920
Cap Rate 7%
$1,132,800
Cap Rate 9%
$881,067
Alternative Uses
Best Use
Retail
$1.13M
$991.2K – $1.32M
NOI $79,296 @ 7.0% cap · market cap 6.61%
Second Best
Office B
$1.07M
$934.6K – $1.25M
NOI $74,765 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,962 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 39114, MS
9,673
Population
4,538
Households
2.1
Avg Household Size
41
Median Age
21%
College-Educated
84%
High-School Grad
190.4 sq mi
ZIP Area
51
Density / Sq Mi
$60,486
Median Household Income
$37,571
Median Earnings
$846
Median Rent
$116,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Elegant’n Chic’ Nails & Spa — 1708 simpson, us 49, magee, ms 39111
- Magee Plaza — Frontage Rd, Magee, MS 39111
Frequently Asked Questions
What type of property is this?
Shopping center - A separate vacant office building complements the center’s mix of occupied and available retail space.
Where is this shopping center located?
The property is located at 3651 Simpson Highway 49 Mendenhall, MS.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two commercial buildings totaling approximately 8,000 square feet on 1.17 acres; Seven‑unit shopping center with 5 occupied units and 2 vacant; Separate vacant office building
