Renovated Flex
794 E Main St Tupelo, MS 38804
794 E Main St, Tupelo, MS, 38804
Contact for pricing
For Sale
Contact for pricing
Recently renovated space includes a retail showroom, multiple offices, storage/warehouse area, four restrooms, and a kitchen/laundry.
Property Size5,800 SF
Price / SF$155.16
Days on Market96
Property Features for 794 E Main St
General Information
- Standard status
- Active
- Size
- 5,800 SF
- Property subtype
- Mixed Use, Office, Retail
Building Details
- Year Built
- 1999
Listing agency
TM Realtors
(662) 842-3844
Listed by
Sarah Hoing, CCIM · License #MS S-55832
Source
Crexi
Added: Apr 17 Updated: Jul 21 at 1:55AM Checked: Jul 21 at 1:55AM
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 TM Realtors
Investment Insights
Based on property information with market context.
This recently renovated flex space is designed to support a mix of office and warehouse needs. The layout includes a retail showing area, a lobby, multiple offices, and a storage room/warehouse portion. The space is also equipped with four restrooms and a full kitchen/laundry.
The property is located at 794 E Main St in Tupelo, MS.
With its combination of public-facing space, office rooms, and storage/warehouse functionality, the building offers a practical configuration for businesses that need both customer or front-office presence and back-of-house storage.
The property is located at 794 E Main St in Tupelo, MS.
With its combination of public-facing space, office rooms, and storage/warehouse functionality, the building offers a practical configuration for businesses that need both customer or front-office presence and back-of-house storage.
Key Highlights
- Built in 1999 commercial space
- Recently renovated layout includes a retail showroom and lobby
- Multiple offices plus storage/warehouse area
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $87.0k | $15.00 |
| − Vacancy | −$19.1k | −$3.30 |
| EGI | $67.9k | $11.70 |
| − OpEx | −$17.0k | −$2.93 |
| NOI | $50.9k | $8.78 |
5,800 SF · lease $15.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$727.1K
$636.2K – $848.3K
NOI $50,895 @ 7.0% cap · market cap 5.66%
Second Best
Flex RnD
$652.6K
$571.0K – $761.4K
NOI $45,683 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$1.09M
$953.1K – $1.27M
NOI $76,248 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Noah's Ark Daycare ...
High School
Cultivated Wellness Dispensary ...
(Bike/Boat/Book/etc) Store
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FAQs
What type of property is this?
Flex space - Recently renovated space includes a retail showroom, multiple offices, storage/warehouse area, four restrooms, and a kitchen/laundry.
Where is this flex space located?
The property is located at 794 E Main St Tupelo, MS.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Built in 1999 commercial space; Recently renovated layout includes a retail showroom and lobby; Multiple offices plus storage/warehouse area
