Office Building with Mixed Use Zoning

Tupelo, MS 38801 Tupelo, MS 38801

Claim this Listing
For Sale
$475,000

COMMERCIAL - Tupelo, MS

Property size:
3,225 SF
Lot size:
0.34 Acres
Price / SF:
$147/SF
Added:
Feb 27, 2026
Days on Market:
133
Last Refresh:
Jul 10 at 11:06 pm

Property Features

General Information

Property type
Commercial Sale
Property subtype
Other
Zoning
Mixed Use
Standard status
Active
Size
3,225 SF
Lot size
0.34 Acres

Taxes and HOA fees

Tax Description
Bk 0405 Pg 558
Tax Annual Amount
7393

Building Details

Year built
1970
Floors in Building
1

Listing agent Mikey Hunter License #S-56843

Listing office TM REALTORS 210 E Main St., Tupelo, MS

Listing date Feb 27, 2026

MLS# 25-2936

Copyright © 2026 Northeast Mississippi Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This office building offers approximately 3,225 square feet of commercial space on a 0.34-acre lot. The property is being marketed for sale and is suited for office users looking for an owned facility rather than a lease.

The building is located in a mixed use zoning district, which can support a broader range of planning possibilities than single-use commercial zoning. The listing does not provide additional details on suite layout, interior finish, or building systems, so potential buyers should plan to review the property firsthand or with a broker during due diligence.

For prospective owner-occupants, this configuration may work as a straightforward headquarters-style office, depending on how the space is laid out on the interior. For investors and developers, mixed use zoning may be a consideration when evaluating future repositioning or alternative uses, subject to confirming permitted activities with the applicable authorities. As provided, the listing focuses on the building size, lot size, and zoning designation, making the next step to verify interior condition and any use restrictions before making a decision.

Key Highlights

  • Built in 1970

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $48.4k $15.00
− Vacancy −$10.6k −$3.30
EGI $37.7k $11.70
− OpEx −$9.4k −$2.93
NOI $28.3k $8.78
3,225 SF · lease $15.00/SF/yr · vacancy 22.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$404.3K
$353.7K – $471.7K (±1% cap)
NOI $28,299 @ 7.0% cap · market cap 5.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$605.7K
$530.0K – $706.6K (±1% cap)
NOI $42,397 @ 7.0% cap · market cap 8.93%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Office buildings

FAQs

What type of property is this?
Office building - Well-sized office property offered for sale, situated within mixed use zoning for flexible planning.
Where is this office building located?
The property is located at Tupelo, MS.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Built in 1970
Contact an agent
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