400 S Main Avenue, Magee, MS 39111
Former restaurant with drive-through and covered parking on corner lot.
- Added:
- Sep 11, 2022
- Days on Market:
- 1382
- Last Refresh:
- May 13 at 8:03 pm
Property Features for 400 S Main Avenue
General Information
- Standard status
- Active
- Size
- 1,222 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1978
Listing agent Chris Curlee License #B15845
Listing office Main Street Realty LLC (601) 849-3226
Listing date Sep 11, 2022
Source Xome
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 Main Street Realty LLC
HighLights
- High‑traffic location on Main Ave, ideal for business.
- Corner lot with ingress/egress on two sides.
- Covered parking available.
- Central air conditioning.
- Paved driveway.
- Located downtown on a city road.
Overview
Local 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 | $19.1k | $15.60 |
| − Vacancy | −$953 | −$0.78 |
| EGI | $18.1k | $14.82 |
| − OpEx | −$4.5k | −$3.70 |
| NOI | $13.6k | $11.11 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Magee
- County
- Simpson
- State
- Mississippi
- Longitude
- -89.732747
- Latitude
- 31.877045
