Wedding and Event
For Sale
$385,000
618 Center Park Lane, Yazoo City, MS 39194
Flexible event property with a full commercial kitchen and expansive interior for gatherings, dining, entertainment, and meetings.
Property Size10,324 SF
Price / SF$38.50
Days on Market20
Property Features for 618 Center Park Lane
General Information
Standard status
Active
Size
10,324 SF
Property subtype
Commercial
Building Details
Building Size
10,324 SF
Year Built
1996
Listing Agency:
A P Land & Home LLC
(662) 746-8000
Listed By:
Graham Helton
(662) 746-8000
Source:
Jdanielrealtysells
Added: Aug 12
Changed: Aug 31
Last Checked: Aug 22 at 9:37AM
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 A P Land & Home LLC
Investment Insights
Based on property information with market context.
The Pointe is a 10,000-square-foot commercial property currently operating as an event venue. Its expansive interior accommodates weddings, receptions, corporate gatherings, celebrations, community events, dining, dancing, entertainment, and meetings. A full-scale commercial kitchen supports food-service and catering functions within the existing property configuration.
Located at 618 Center Park Lane in Yazoo City, Mississippi, the property offers an established event-oriented use with space designed for a range of hosted gatherings. The venue can continue serving event users or be adapted to another supported commercial concept.
Located at 618 Center Park Lane in Yazoo City, Mississippi, the property offers an established event-oriented use with space designed for a range of hosted gatherings. The venue can continue serving event users or be adapted to another supported commercial concept.
Key Highlights
- 10,000‑square‑foot commercial property at 618 Center Park Lane, Yazoo City, MS 39194
- Currently operating as an event space
- Full‑scale commercial kitchen included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,374
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$647,480
$647.5K
Cap Rate 7%
$462,486
$462.5K
Cap Rate 9%
$359,711
$359.7K
Market Conditions
NOI Build-Up for 10,000 SF
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.
Gross rent
$49.2K $4.92/SF
− Vacancy
−$3.0K −$0.30/SF
EGI
$46.2K $4.62/SF
− OpEx
−$13.9K −$1.39/SF
NOI
$32.4K $3.24/SF
Area
Yazoo County, MS
Vacancy
6.00%
Lease Rate
$4.92 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$647,480
Cap Rate 7%
$462,486
Cap Rate 9%
$359,711
Alternative Uses
Best Use
Specialty Retail
$1.59M
$1.39M – $1.85M
NOI $111,150 @ 7.0% cap · market cap 28.87%
Second Best
Industrial
$462.5K
$404.7K – $539.6K
NOI $32,374 @ 7.0% cap · market cap 8.41%
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,952 @ 7.0% cap · market cap 31.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
336
Businesses Nearby
154k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 58%
Shops & Services 40%
Apparel 1%
Home Improvements & Furnishings 1%
McDonald's
Dining
28,446 visits/mo
0.3 miles
Circle K
Shops & Services
18,939 visits/mo
0.3 miles
Popeyes Louisiana Kitchen
Dining
15,122 visits/mo
0.1 miles
Texaco
Shops & Services
14,638 visits/mo
0.2 miles
SONIC Drive In
Dining
13,228 visits/mo
0.1 miles
Demographics for 39194, MS
20,063
Population
6,722
Households
3
Avg Household Size
38
Median Age
11%
College-Educated
72%
High-School Grad
454.3 sq mi
ZIP Area
44
Density / Sq Mi
$33,281
Median Household Income
$23,647
Median Earnings
$789
Median Rent
$108,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Wedding venue - Flexible event property with a full commercial kitchen and expansive interior for gatherings, dining, entertainment, and meetings.
Where is this wedding venue located?
The property is located at 618 Center Park Lane Yazoo City, MS.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 10,000‑square‑foot commercial property at 618 Center Park Lane, Yazoo City, MS 39194; Currently operating as an event space; Full‑scale commercial kitchen included
