Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Main Street Retail Opportunity Title is generated by Realmo AI

    5140 Main Street, Lucedale, MS 39452

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $230,000

    Versatile 4000+ sq ft retail space on Main Street.

    Type:Commercial/Industrial
    Property size:
    4,000 SF
    Lot size:
    0.29 Acres
    Price / SF:
    $57/SF
    Added:
    Mar 11, 2026
    Days on Market:
    72
    Last Refresh:
    Apr 6 at 2:51 am

    Property Features for 5140 Main Street

    General Information

    Standard status
    Active
    Size
    4,000 SF
    Lot size
    0.29 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1960

    We can help!

    Listing Contact
    Lindsey Varnadore

    Listing agent Lindsey Varnadore License #B24564

    Listing office Better Homes & Gardens RE Traditions

    Listing date Mar 11, 2026

    Source Exitrealty

    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 Better Homes & Gardens RE Traditions

    HighLights

    • Prime location on Main Street in a high‑traffic area.
    • Large 4000+ sq ft space.
    • Versatile layout suitable for diverse business ventures.
    • Previously operated as a toy store.
    • Offers endless business potential.
    • Year Built: 1960.

    Overview

    This property offers a 4000+ sq ft space situated on Main Street. Previously used as a toy store, the space is suitable for diverse business ventures. The location benefits from high traffic, offering visibility. The property's layout is versatile.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Lucedale
    County
    George
    State
    Mississippi
    Longitude
    -88.5877
    Latitude
    30.9249

    Nearby Similar for Sale

    • $245,000
      1,890 SF

      Downtown Lucedale Commercial Building

      Versatile 1,895 sq ft building in downtown Lucedale, MS.
      985 Mill Street, Lucedale, MS 39452
      View Details
    • $125,000
      1,420 SF

      Residential Income Property in Lucedale

      Three homes on 1.22 acres with income potential.
      2269 Old Mobile Highway, Lucedale, MS 39452
      View Details
    • $406,050

      Lucedale Land For Sale

      27 acre former cattle operation in Lucedale, Mississippi.
      27 Ac Old Highway 63, Lucedale, MS 39452
      View Details
    • $6,602,000
      21,930 SF

      Lucedale Retail Property For Sale

      New retail property with garden center and outdoor display area.
      134 134 Ventura Dr, Lucedale, MS
      View Details
    • $16,042,000
      136,997 SF

      Self-Storage Portfolio For Sale

      Five-property self-storage portfolio in Alabama and Mississippi.
      15213 MS-613, Lucedale, MS
      View Details

    FAQs

    What type of property is this?
    Storefront property - Versatile 4000+ sq ft retail space on Main Street.
    Where is this storefront property located?
    The property is located at 5140 Main Street Lucedale, MS.
    What is the asking price?
    The asking price for this property is $230,000.
    What are key features of this property?
    This property features: Prime location on Main Street in a high‑traffic area.; Large 4000+ sq ft space.; Versatile layout suitable for diverse business ventures.
    (228) 285-7335
    We can help!
    Listing Contact
    Lindsey Varnadore
    Real Estate License ID: B24564
    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

    Thank You for Inquiry
    5140 Main Street, Lucedale, MS 39452
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!