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    Greenwood Medical Complex Office Space Title is generated by Realmo AI

    702 W Highway 82 lot E, Greenwood, MS 38930

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    Claim this Listing
    Pending
    $2,273/Mo $17 SF/Yr (calc)

    COMMERCIAL - Greenwood, MS

    Type:Office
    Property size:
    1,564 SF
    Lot size:
    1.32 Acres
    Added:
    Jan 5, 2026
    Days on Market:
    136
    Last Refresh:
    May 21 at 2:06 am

    Property Features for 702 W Highway 82 lot E

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Pending
    APN
    10016021700300
    Size
    1,564 SF
    Lot size
    1.32 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOTS 7-9 LESS THAT PT IN LOT 7 BLOCK 4 WHITTINGTON ADDITION 190' X 302'
    Tax Annual Amount
    35668

    Building Details

    Year built
    1960

    We can help!

    Listing Contact
    Pam Powers
    Pam Powers

    Listing agent Pam Powers License #B12007

    Listing office Powers Properties 109 W MARKET STREET, Greenwood, MS

    Listing date Jan 5, 2026

    MLS# 4135168

    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.

    HighLights

    • High‑visibility location on Highway 82 W frontage road.
    • Renovated office space.
    • Located in the Greenwood Medical Complex near Greenwood Leflore Hospital.
    • Surrounded by complementary medical tenants (Advanced Rehabilitation, dental office, home health).
    • Strong traffic exposure.
    • Ideal for medical or professional users.

    Overview

    This is renovated office space available for rent within the Greenwood Medical Complex. The property is located on Highway 82 W frontage road, offering high visibility. The location is near Greenwood Leflore Hospital. The surrounding area includes complementary tenants such as Advanced Rehabilitation, a dental office, and home health services. The property is suitable for medical or professional users. The lot size is 1.32 acres. The property size is 1564 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

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

    Similar Places Nearby

    • Greenwood Animal Hospital — 705 US-82, Greenwood, MS 38930
    • Four Paws Animal Health Center — 1909 Leflore Ave, Greenwood, MS 38930
    • Johnson E Andrew DVM — 705 US-82, Greenwood, MS 38930

    Location Insight

    • Map
    • Local Demand
    City
    Greenwood
    County
    Leflore
    State
    Mississippi
    Longitude
    -90.202394
    Latitude
    33.512453

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    FAQs

    What type of property is this?
    Medical Office Space - Renovated office space in high-visibility Greenwood Medical Complex.
    Where is this medical office space located?
    The property is located at 702 W Highway 82 lot E Greenwood, MS.
    What is the lease rate?
    The lease rate is $2,273 /Mo.
    What are key features of this property?
    This property features: High‑visibility location on Highway 82 W frontage road.; Renovated office space.; Located in the Greenwood Medical Complex near Greenwood Leflore Hospital.
    (601) 831-4505
    We can help!
    Listing Contact
    Pam Powers
    Pam Powers
    Real Estate License ID: B12007
    Learn More
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    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
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