Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Meridian Retail/Office Space Title is generated by Realmo AI

    814 22nd Avenue, Meridian, MS 39301

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    13,900 SF retail/office space in downtown Meridian.

    Type:Special Purpose
    Property size:
    18,006 SF
    Price / SF:
    $44/SF
    Added:
    Sep 14, 2024
    Days on Market:
    620
    Last Refresh:
    May 12 at 9:50 pm

    Property Features for 814 22nd Avenue

    General Information

    Standard status
    Active
    Size
    18,006 SF
    Property subtype
    Special Purpose

    We can help!

    Listing Contact
    Jimmy Carle

    Listing agent Jimmy Carle

    Listing office Hill Real Estate Group, LLC

    Listing date Sep 14, 2024

    Source Crexi

    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 Hill Real Estate Group, LLC

    HighLights

    • Prime downtown Meridian location
    • Large space: Approximately 13,900 square feet
    • Suitable for retail or office use
    • Two entrances on 22nd Avenue
    • Potential for immediate rental income from existing tenant
    • Suitable for business professionals and investors

    Overview

    This one-level property offers approximately 13,900 square feet of retail and/or office space in the heart of downtown Meridian. The property, suitable for a variety of business professionals and investors, features two entrances on 22nd Avenue. Note that The Meridian Star Newspaper is an active business and tenant, and may wish to remain a tenant if terms are acceptable to all parties. The property size is 18,006 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Building Supply Hair Salon Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Nail Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Meridian
    County
    Lauderdale
    State
    Mississippi
    Longitude
    -88.689445
    Latitude
    32.350652

    Nearby Similar for Sale

    • $29,000

      Versatile Commercial Building in Meridian

      Adaptable commercial building suitable for various business uses.
      4717 8th Street, Meridian, MS 39301
      View Details
    • $250,000

      Meridian Commercial Building on Acreage

      5000 sqft commercial building on 3.59 acres for sale.
      5381 Vimville Causeyville Road, Meridian, MS 39301
      View Details
    • $302,000

      Meridian Income Property Near Downtown

      Income-producing property near hospitals and downtown Meridian.
      2310 15th Street, Meridian, MS 39301
      View Details
    • $164,900
      2,530 SF

      Multi-Family Home in Meridian, MS

      Multi-family home with potential in a convenient location.
      2300 23rd Avenue, Meridian, MS 39301
      View Details
    • $139,000
      735 SF

      Commercial Building on Highway 19N

      Well-maintained commercial building with high traffic and secure workspace.
      420 MS-19, Meridian, MS 39307
      View Details
    • $475,000

      Meridian Commercial Property For Sale

      Commercial property with ground floor retail and office space.
      1312 22nd Avenue, Meridian, MS 39301
      View Details
    • $28
      13,631 SF

      New Retail Strip in Meridian

      New retail strip center in Meridian's shopping and entertainment corridor.
      300 N Frontage Rd, Meridian, MS 39301
      View Details
    • $2,300,000
      17,815 SF

      Conference Center and Restaurant Facility

      Strategically located conference center and restaurant facility for sale.
      111 U.S. 11, Meridian, MS, 39301
      View Details
    • $1,329,000

      Meridian Commercial Property I-20/I-59 Frontage

      Prime commercial property with I-20/I-59 frontage in Meridian, MS.
      400 N Frontage Rd, Meridian, MS
      View Details
    • Contact for pricing
      4,640 SF

      Single Story Office Building For Sale

      Single-story office building featuring a drive-in garage/storage area.
      4910 29th Avenue, Meridian, MS, 39305
      View Details
    • $630,000
      8,200 SF

      Office and Warehouse on Highway

      Office and warehouse space with highway frontage in Meridian, MS.
      5625 Old Hwy 80 W, Meridian, MS 39307
      View Details
    • Contact for pricing
      143,038 SF

      Community Shopping Center For Sale

      Community shopping center with great access, visibility, and anchor spaces.
      832 Highway 19 N. , Meridian, MS 39307
      View Details

    FAQs

    What type of property is this?
    Retail space - 13,900 SF retail/office space in downtown Meridian.
    Where is this retail space located?
    The property is located at 814 22nd Avenue Meridian, MS.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: Prime downtown Meridian location; Large space: Approximately 13,900 square feet; Suitable for retail or office use
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jimmy Carle
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    814 22nd Avenue, Meridian, MS 39301
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!