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    2785 Us 49 Florence, MS 39073
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    2785 Us 49 Florence, MS 39073

    View on Map
    • Lifestyle centers
    • 6,000 SF
    For Lease
    $10 SF/Yr
    View Listing →
    Florence Retail Center - Highway 49 For Lease
    $10 SF/Yr

    Florence Retail Center - Highway 49

    Prime Retail Space, Multiple Units Available

    2785 Us 49, Florence, MS 39073
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 2785 Us 49

    Property size
    6,000 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional Class A retail shopping center, located at 2785 US Highway 49 in Florence, Mississippi, offers 6,000 square feet of prime retail space. The property is ideally situated in a high-traffic area, boasting excellent visibility and accessibility. Currently, there are four available spaces, each a minimum of 1,200 square feet, perfect for a variety of retail businesses. The property's multiple tenancy structure provides flexibility for diverse businesses to thrive within a shared, vibrant commercial environment. The property's Class A designation reflects its high-quality construction, modern amenities, and excellent overall condition. The ample space allows for customization to suit individual tenant needs. With its strategic location in Florence, Mississippi, zip code 39073, this shopping center presents a unique opportunity for businesses seeking a prominent presence in a growing market. The property's Assessed Parcel Number (APN) is E04N000029 00040. This is an exceptional investment opportunity for businesses looking to establish or expand their retail operations in a thriving Mississippi community. The property's size and layout offer significant potential for growth and profitability. Contact us today to learn more about this outstanding retail opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Simpson
    State
    Mississippi
    Longitude
    -90.1305
    Latitude
    32.1654

    Comparable in this City

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    • Value Estimation by Request
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      3091 Hwy 49th S

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    • Value Estimation by Request
      6,206 SF

      2785 Hwy 49th S

      SHOPPING CENTER, STRIP CENTER • 6,206 SF
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      4,690 SF

      345 Marie Dr

      SHOPPING CENTER, STRIP CENTER • 4,690 SF
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    • Value Estimation by Request
      10,489 SF

      2799 Hwy 49th S

      SHOPPING CENTER, STRIP CENTER • 10,489 SF
      2799 Hwy 49th S, Florence, MS 39073-7620
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    • Value Estimation by Request
      8,200 SF

      2990 Hwy 49th S

      SHOPPING CENTER, STRIP CENTER • 8,200 SF
      2990 Hwy 49th S, Florence, MS 39073-9522
      View Details

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    Similar Nearby for Lease

    • $10 SF/Yr
      6,000 SF

      Florence Retail Center - Highway 49

      Prime Retail Space, Multiple Units Available
      2785 Us 49, Florence, MS 39073
      View Details
    • New
      $1,000 /Mo
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      Highway 49 Office Space

      Office space for lease with high visibility and accessibility.
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    • $6,000 /Mo
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      Retail Building on Highway 49

      Freestanding retail building with high visibility in Florence, Mississippi.
      2851 Us 49, Florence, MS 39073
      View Details
    View Listing
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    2785 Us 49
    Florence, MS 39073
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    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
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