Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1113 Us-98 Columbia, MS 39429

    For Sale
    $1,450,000

    High-Yield Retail Investment, 100% Occupied

    Property size:
    18,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional value-add investment opportunity presents a two-building, 18,000 square foot shopping center located at 1113 US-98 in Columbia, Mississippi, zip code 39429. Currently boasting 100% occupancy, this single-story property offers a compelling return with a 7.82% capitalization rate and a Net Operating Income (NOI) of $113,403. The asking price is $1,450,000, translating to $80.56 per square foot. The property is classified as a multi-tenant retail space, ideal for investors seeking strong cash flow. Situated in the heart of Columbia, this owner-occupied center presents a rare opportunity to acquire a well-established, high-performing asset. The property's strong tenancy and location within Marion County, Mississippi, contribute to its attractive investment profile. This is a turnkey operation ready for immediate income generation. The property's solid performance and high occupancy rate make it an excellent addition to any diversified real estate portfolio. Serious inquiries are encouraged to explore this lucrative investment prospect further.

    Property Features for 1113 Us-98

    General Information

    Property type
    Lifestyle centers
    Square Feet
    18,000 SF

    Building Details

    Buildings
    2
    Stories
    1

    HighLights

    • 18,000 SF multi‑tenant retail shopping center in Columbia, MS (39429) at 1113 US‑98.
    • 100% occupancy, generating $113,403 NOI and a 7.82% cap rate.
    • Asking price: $1,450,000 ($80.56/SF).
    • Owner‑occupied, turnkey operation with strong cash flow.
    • Excellent investment opportunity in a prime Marion County location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Columbia
    County
    Marion
    State
    Mississippi
    Longitude
    -89.806219
    Latitude
    31.2446772

    Nearby Similar for Sale

    • $636,000
      6,000 SF

      Established Restaurant with Waterfront Views

      Fully equipped restaurant in prime location with waterfront views.
      12 E Lakeview Dr, Columbia, MS 39429
      View Details
    • $225,000
      Pending

      Versatile Commercial Property For Sale

      Commercial property with storefronts, rental income, and business potential.
      412 S High School Ave, Columbia, MS 39429
      View Details
    • $59,900
      2,728 SF

      Commercial Property with Service Bays

      Commercial property featuring office space and service bays.
      1112 Moore St, Columbia, MS 39429
      View Details
    • $501,818
      1,390 SF

      Columbia, MS Domino's Sale-Leaseback

      NNN Domino's with zero landlord responsibilities on main retail corridor.
      925 Us-98, Columbia, MS
      View Details
    • $398,500

      Unique Multi-Building Property in Columbia

      Four buildings on 3 acres in vibrant Columbia, Mississippi.
      427 Eagle Day Ave, Columbia, MS 39429
      View Details
    • $2,970,000

      Columbia Warehouse with Dock Doors

      Warehouse with three dock doors, convenient access to major highways.
      1 Pioneer Dr, Columbia, MS
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - High-Yield Retail Investment, 100% Occupied
    Where is this lifestyle center located?
    The property is located at 1113 Us-98 Columbia, MS.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: 18,000 SF multi-tenant retail shopping center in Columbia, MS (39429) at 1113 US-98.; 100% occupancy, generating $113,403 NOI and a 7.82% cap rate.; Asking price: $1,450,000 ($80.56/SF).
    Request Owner's contact information
    1113 Us-98 Columbia, MS 39429
    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.
    1113 Us-98
    Columbia, MS 39429
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    1113 Us-98 Columbia, MS 39429
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.