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    13118 Us-61 Tunica Resorts, MS 38664

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    For Sale
    Contact for pricing

    Tunica Resorts, MS: Multi-Tenant Industrial Complex

    Property size:
    182,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 182,000-square-foot industrial property in Tunica Resorts, Mississippi, presents a compelling investment opportunity. Currently boasting 96% occupancy across 38 units within two single-story buildings, this Class C multi-tenant complex offers a diverse mix of retail, office, flex, and storage spaces. Built in 2000, the property sits on a substantial 44-acre lot and provides ample parking (4 spaces per 1,000 sq ft). The current tenant mix comprises 35 businesses, offering a stable income stream. The property is 100% owner-occupied and presents significant redevelopment potential, with an expansion capacity of an additional 253,500 square feet. Located just 12 miles south of Memphis, this prime location benefits from the high tourist traffic of the South's Casino Capital, attracting over 8 million visitors annually. The property's flexible zoning allows for a variety of uses, making it an ideal investment for both owner-users and investors seeking strong returns in a high-growth area. The property is offered for sale by owner. This is a rare opportunity to acquire a well-established, high-occupancy industrial complex with significant upside potential in a thriving market. The property's size, location, and existing infrastructure make it an attractive proposition for a wide range of potential buyers. The substantial lot size also allows for future expansion and development.

    Property Features for 13118 Us-61

    General Information

    Property type
    Life science properties
    Square Feet
    182,000 SF
    Class
    C
    Lot Size
    1,916,640 SF

    Building Details

    Year Built
    2000
    Buildings
    2
    Stories
    1
    Units
    38
    Property Profile Location Intelligence

    Current Use by Public Records

    Life science properties

    Map

    City
    Tunica Resorts
    County
    Tunica
    State
    Mississippi
    Longitude
    -90.276257259983
    Latitude
    34.832662723492

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Life science property - Tunica Resorts, MS: Multi-Tenant Industrial Complex
    Where is this life science property located?
    The property is located at 13118 Us-61 Tunica Resorts, MS.
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    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
    13118 Us-61 Tunica Resorts, MS 38664
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