Multi-Tenant Retail Investment
For Sale
$295,000
625 E Peace Street, Canton, MS 39046
COMMERCIAL - Canton, MS
Property Size2,177 SF
Lot Size0.82 Acres
Price / SF$135.51
Days on Market47
Property Features for 625 E Peace Street
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Metes And Bounds
Lot features
Corner Lot, Zero Lot Line, City Lot, Open Lot, Corner Lot, Zero Lot Line, City Lot, Open Lot
Standard status
Active
APN
093d-20b-043/00-00
Size
2,177 SF
Lot size
0.82 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT FRONTING 200 FT ON N/S E PEACE ST EXTENDING N TO CENTER ST
Tax Annual Amount
3856
Legal Description
LOT FRONTING 200 FT ON N/S E PEACE ST EXTENDING N TO CENTER ST
Building Details
Year built
1968
Floors in Building
1
Listing Agency:
JDJ Realty
(601) 707-5555
Listed By:
Rebecca Atkinson · License #S24100
(601) 707-5555
Added: Jun 26
Changed: Aug 4
Last Checked: Aug 11 at 6:06PM
MLS# 4154113
Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering includes two fully leased freestanding commercial retail buildings totaling 2,177 square feet of space on a 0.82-acre site. The property is presented as a multi-tenant occupancy investment with retail storefront configuration and parking provided for customer use.
The buildings are located on the corners of two well-traveled streets and described as high-visibility. The listing notes the site is in Madison County, Canton, Mississippi, within the C-2 zoning district.
Additional details are limited to the total building size, lot size, zoning designation, and multi-tenant occupancy. The property is being marketed as an investment package for continued income generation given that the buildings are fully leased at the time of listing.
The buildings are located on the corners of two well-traveled streets and described as high-visibility. The listing notes the site is in Madison County, Canton, Mississippi, within the C-2 zoning district.
Additional details are limited to the total building size, lot size, zoning designation, and multi-tenant occupancy. The property is being marketed as an investment package for continued income generation given that the buildings are fully leased at the time of listing.
Key Highlights
- Investment package: 625 E Peace St, Canton, MS with two fully leased commercial buildings in Madison County
- 2 freestanding buildings with 2,177 SF total space
- 0.82‑acre property with multi‑tenant occupancy
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
$21,190
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
7.18%
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%
$423,800
$423.8K
Cap Rate 7%
$302,714
$302.7K
Cap Rate 9%
$235,444
$235.4K
Market Conditions
NOI Build-Up for 2,177 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
$32.7K $15.00/SF
− Vacancy
−$2.4K −$1.10/SF
EGI
$30.3K $13.91/SF
− OpEx
−$9.1K −$4.17/SF
NOI
$21.2K $9.73/SF
Area
Madison County, MS
Vacancy
7.30%
Lease Rate
$15.00 /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%
$423,800
Cap Rate 7%
$302,714
Cap Rate 9%
$235,444
Alternative Uses
Best Use
Retail
$302.7K
$264.9K – $353.2K
NOI $21,190 @ 7.0% cap · market cap 7.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$473.9K
$414.7K – $552.9K
NOI $33,173 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
198
Businesses Nearby
18k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar Tree
Shops & Services
10,613 visits/mo
0.4 miles
Shell
Shops & Services
7,393 visits/mo
0.2 miles
Demographics for 39046, MS
27,866
Population
12,909
Households
2.2
Avg Household Size
37
Median Age
29%
College-Educated
83%
High-School Grad
311.8 sq mi
ZIP Area
89
Density / Sq Mi
$48,288
Median Household Income
$33,879
Median Earnings
$879
Median Rent
$210,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Two fully leased freestanding retail buildings offer multi-tenant occupancy and ample parking on a total 0.82-acre site.
Where is this storefront property located?
The property is located at 625 E Peace Street Canton, MS.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Investment package: 625 E Peace St, Canton, MS with two fully leased commercial buildings in Madison County; 2 freestanding buildings with 2,177 SF total space; 0.82‑acre property with multi‑tenant occupancy
