Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    00 Highway 1 Greenville, MS 38701

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    High-traffic lot, ideal for retail/restaurant.

    Property Features for 00 Highway 1

    General Information

    Property type
    Land

    We can help!

    Listing Contact
    Al Brock
    Al Brock

    Listing Agency: Al Brock Real Estate & Construction Company Listing Agent: Al Brock

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This prime 31,611 square foot commercial lot is located at 00 Hwy 1 S., Greenville, MS 38701, in Washington County. Offered at $165,000, this property boasts excellent highway frontage, ensuring high visibility and accessibility for potential businesses. The significant lot size presents a multitude of development possibilities, making it an attractive investment for entrepreneurs seeking a high-traffic location. Its strategic placement in Greenville, Mississippi, positions it within a thriving commercial area, offering ample opportunities for growth and return on investment. The property is being sold directly by the owner, providing a streamlined transaction process. This exceptional location is perfect for a variety of commercial ventures, including restaurants, retail stores, or other businesses seeking high visibility and convenient access for customers. The property's size and location make it a rare opportunity in the Greenville market. Serious inquiries are encouraged to explore the potential of this exceptional commercial land offering. The property is zoned for commercial use (verification of zoning with local authorities is recommended).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Washington
    State
    Mississippi
    Longitude
    -91.0777723
    Latitude
    33.3664005

    Nearby Similar for Sale

    • $1,555,000
      Pending

      Greenville Factory and Warehouse Facility

      130,000 SF factory/warehouse on 9 acres near Mississippi River.
      956 N Broadway St, Greenville, MS 38701
      View Details
    • Contact for pricing
      177,485 SF

      Grocery-Anchored Retail Center For Sale

      150,000 SF retail center anchored by Kroger.
      1746 Mississippi 1, Greenville, MS 38701
      View Details
    • Contact for pricing
      6,718 SF

      Freestanding Retail Property For Sale

      Freestanding retail property in a high-visibility location.
      2818 Highway 82 E, Greenville, MS 38703
      View Details
    • $300,000
      3,446 SF

      Trailwood Office Complex: Greenville, MS

      Prime Office Building, Vacant, Great Location
      1417 Trailwood Dr, Greenville, MS 38701
      View Details
    • $110,000
      842 SF

      Greenville Storefront - $110,000

      Prime Retail Space, Vacant, High Traffic Area
      1375 Reed Rd, Greenville, MS 38703
      View Details
    • $150,000
      1,885 SF

      Greenville Office Building - $150K

      1,885 SF Vacant Office, High Traffic Area
      1585 Main St, Greenville, MS 38701
      View Details
    • $145,000
      4,600 SF

      Prime Greenville Auto Shop - $145K

      Vacant 4,600 SF Auto Shop, High Traffic Hwy 1
      327 Ms-1, Greenville, MS 38701
      View Details
    • $280,000
      37,332 SF

      Greenville Auto Shop - $280K

      Mississippi auto shop, 37,332 sq ft.
      628 Us-82, Greenville, MS 38701
      View Details
    • $1,950,000
      42,500 SF

      Prime Greenville Retail Center

      12.4 Acres, 42,500 SF, Vacant
      1656 Ms-1, Greenville, MS 38701
      View Details
    • Contact for pricing
      20,974 SF

      Greenville Industrial Property - 20,974 SF

      Vacant industrial building; ideal for distribution or manufacturing.
      998 Broadway St, Greenville, MS 38701
      View Details
    • $4,844,896
      4,958 SF

      Chick-fil-A Greenville, MS Investment

      High-yield Chick-fil-A NNN lease. Excellent location.
      1647 Ms-1, Greenville, MS 38701
      View Details

    FAQs

    What type of property is this?
    Land - High-traffic lot, ideal for retail/restaurant.
    Where is this land located?
    The property is located at 00 Highway 1 Greenville, MS.
    What is the asking price?
    The asking price for this property is $165,000.
    What are key features of this property?
    This property features: 31,611 square foot commercial lot in Greenville, MS.; Located at 00 Hwy 1 S., Greenville, MS 38701.; Priced at $165,000.
    (662) 378-3321 Call to check price and availability
    Request Owner's contact information
    00 Highway 1 Greenville, MS 38701
    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.
    00 Highway 1
    Greenville, MS 38701
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    00 Highway 1 Greenville, MS 38701
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Al Brock
    Al Brock
    Real Estate License ID: 10364
    (662) 378-3321 (662) 379-7776
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!