Office Building with
For Sale
$119,000
929 Bickerstaff St., Tupelo, MS 38801
Office building includes spacious rooms, a kitchen, and two half baths, and is offered for sale AS IS.
Property Size620 SF
Price / SF$191.94
Days on Market150
Property Features for 929 Bickerstaff St.
General Information
Standard status
Active
Size
620 SF
Property subtype
General Commercial
Amenities
70 x 120
Building Details
Year Built
1960
Listing Agency:
Crye-Leike Realtors
(662) 680-9355
Listed By:
Gloria Holliday
(662) 372-2826
Source:
Xome
Added: Apr 12
Changed: Sep 1
Last Checked: Sep 8 at 4:24AM
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 Crye-Leike Realtors
Investment Insights
Based on property information with market context.
This commercial office building offers spacious interior room(s) along with a kitchen and two half baths. The property is being sold AS IS, with information deemed reliable but not guaranteed.
Located in a residential area, the building is suited to office use where an in-building kitchen and half baths support day-to-day workflow.
For buyers or investors evaluating the property for their specific office requirements, the existing layout includes the listed amenities and is available through the AS-IS sale process.
Located in a residential area, the building is suited to office use where an in-building kitchen and half baths support day-to-day workflow.
For buyers or investors evaluating the property for their specific office requirements, the existing layout includes the listed amenities and is available through the AS-IS sale process.
Key Highlights
- Commercial office building with spacious rooms
- Includes a kitchen
- Has 2 half baths
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$5,441
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$108,820
$108.8K
Cap Rate 7%
$77,729
$77.7K
Cap Rate 9%
$60,456
$60.5K
Market Conditions
NOI Build-Up for 620 SF
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.
Gross rent
$9.3K $15.00/SF
− Vacancy
−$2.0K −$3.30/SF
EGI
$7.3K $11.70/SF
− OpEx
−$1.8K −$2.93/SF
NOI
$5.4K $8.78/SF
Area
Lee County, MS
Vacancy
22.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$108,820
Cap Rate 7%
$77,729
Cap Rate 9%
$60,456
Alternative Uses
Best Use
Office B
$77.7K
$68.0K – $90.7K
NOI $5,441 @ 7.0% cap · market cap 4.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$116.4K
$101.9K – $135.9K
NOI $8,151 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
128
Businesses Nearby
Explore this area
Business Placement
Demographics for 38801, MS
29,795
Population
13,717
Households
2.2
Avg Household Size
38
Median Age
29%
College-Educated
86%
High-School Grad
73.0 sq mi
ZIP Area
408
Density / Sq Mi
$63,447
Median Household Income
$35,596
Median Earnings
$954
Median Rent
$187,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Office building includes spacious rooms, a kitchen, and two half baths, and is offered for sale AS IS.
Where is this office units located?
The property is located at 929 Bickerstaff St. Tupelo, MS.
What is the asking price?
The asking price for this property is $119,000.
What are key features of this property?
This property features: Commercial office building with spacious rooms; Includes a kitchen; Has 2 half baths
