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    1663 Us 49 Magee, MS 39111

    For Sale
    $1,200,000

    High-visibility, 100% occupied, dual-tenant office.

    Property size:
    8,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional Class A office building, located at 1663 US 49 in Magee, Mississippi, presents a compelling investment opportunity. The property boasts 8,000 square feet situated on a 0.68-acre lot, offering high visibility due to its adjacency to a Walmart. Currently operating at 100% occupancy with two tenants, this multi-tenant building generates a substantial net operating income (NOI) of $89,000, resulting in an attractive 7.42% capitalization rate. The asking price is $1,200,000, translating to $600,000 per unit. The property features a single, one-story building with two distinct units, suitable for executive or medical office uses. The property is offered fee simple, and the parcel number is 41839000260000000512. This is a rare opportunity to acquire a well-performing, high-visibility commercial property in a desirable location with a strong tenant base and excellent financial performance under a Net Net lease structure. The property's strategic location and strong cash flow make it an ideal addition to any investment portfolio.

    Property Features for 1663 Us 49

    General Information

    Property type
    Medical offices
    Square Feet
    8,000 SF
    Class
    A
    Lot Size
    29,621 SF

    Building Details

    Buildings
    1
    Stories
    1
    Units
    2

    HighLights

    • $1,200,000 asking price for this Class A office building.
    • 8,000 square feet, multi‑tenant (2 tenants), 100% occupied.
    • Located at 1663 US 49, Magee, MS 39111, on a 0.68‑acre lot.
    • Net‑Net (NN) lease, generating a $89,000 NOI and a 7.42% cap rate.
    • Features two units in a single‑story building, suitable for executive or medical office use.
    • Broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Magee
    County
    Simpson
    State
    Mississippi
    Longitude
    -89.7469708
    Latitude
    31.8692462

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    FAQs

    What type of property is this?
    Medical office - High-visibility, 100% occupied, dual-tenant office.
    Where is this medical office located?
    The property is located at 1663 Us 49 Magee, MS.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: $1,200,000 asking price for this Class A office building.; 8,000 square feet, multi-tenant (2 tenants), 100% occupied.; Located at 1663 US 49, Magee, MS 39111, on a 0.68-acre lot.
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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
    1663 Us 49 Magee, MS 39111
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