Mixed-Use
511 S Green St, Tupelo, MS 38804
For Sale
$175,000
Commercial Sale, Tupelo, MS
Property Size1,268 SF
Lot Size1.29 Acres
Price / SF$138.01
Days on Market206
Property Features for 511 S Green St
General Information
Property type
Property subtype
Directions
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Building Details
Floors in Building
Listing Agency:
COLDWELL BANKER SOUTHERN REAL ESTATE · Coldwell Banker Real Estate
(662) 620-2232
Listed By:
Brenda Estes Blair Finley · License #B-23487
(662) 620-2214
Added: Apr 15
Changed: Oct 2
Last Checked: Nov 6 at 10:06PM
MLS# 26-1327
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.
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Investment Insights
Based on property information with market context.
This mixed-use property encompasses 1,268 square feet on a 1.2913-acre parcel in Tupelo’s Historic Mill Village. The site is designated Mixed-Use Residential, with applicable uses identified in the listing documentation.
The property is located at 511 S Green St in Tupelo, Mississippi, within Lee County. It is being offered as part of a package deal that references MLS# 26-1502.
The property is located at 511 S Green St in Tupelo, Mississippi, within Lee County. It is being offered as part of a package deal that references MLS# 26-1502.
Key Highlights
- 1.2913‑acre parcel in Tupelo’s Historic Mill Village
- 1,268 square feet of property size
- Mixed‑Use Residential zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,526
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$210,520
$210.5K
Cap Rate 7%
$150,371
$150.4K
Cap Rate 9%
$116,956
$117.0K
Market Conditions
NOI Build-Up for 1,268 SF
Gross rent
$16.4K $12.96/SF
− Vacancy
−$1.4K −$1.10/SF
EGI
$15.0K $11.86/SF
− OpEx
−$4.5K −$3.56/SF
NOI
$10.5K $8.30/SF
Area
Lee County, MS
Vacancy
8.50%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$210,520
Cap Rate 7%
$150,371
Cap Rate 9%
$116,956
Alternative Uses
Best Use
Retail
$150.4K
$131.6K – $175.4K
NOI $10,526 @ 7.0% cap · market cap 6.01%
Second Best
Mixed Use
$100.1K
$87.6K – $116.8K
NOI $7,007 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$238.1K
$208.4K – $277.8K
NOI $16,669 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,401
Businesses Nearby
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Business Placement
Demographics for 38804, MS
17,314
Population
7,978
Households
2.2
Avg Household Size
40
Median Age
30%
College-Educated
87%
High-School Grad
78.5 sq mi
ZIP Area
221
Density / Sq Mi
$63,837
Median Household Income
$37,416
Median Earnings
$858
Median Rent
$201,600
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-Use Residential zoning places this property within Tupelo’s Historic Mill Village.
Where is this mixed-use property located?
The property is located at 511 S Green St Tupelo, MS.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 1.2913‑acre parcel in Tupelo’s Historic Mill Village; 1,268 square feet of property size; Mixed‑Use Residential zoning
