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    Property profile & analytics

    619 Carrollton Ave Greenwood, MS 38930

    • Residential income homes
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-1507063
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 619 Carrollton Ave

    Property type
    Residential income homes

    Description

    This exceptional investment opportunity presents a portfolio of 91 single-family rental units located in Greenwood, Mississippi, across multiple properties. Priced at $1,100,000, this translates to an attractive price per unit of approximately $12,088. Currently operating at 40% occupancy, the portfolio generates approximately $13,000 in monthly income with average rents of $400 per unit. The properties are situated at various addresses within Greenwood, all within zip code 38930, and are considered a distressed asset, presenting significant upside potential for a new owner. Minimal renovations are needed to increase occupancy and rental income. The seller is motivated and offers financing options, including seller financing for 20% of the purchase price. This represents a compelling opportunity for investors seeking a substantial return on investment with a relatively low initial cash outlay. The portfolio's location in Greenwood, Leflore County, Mississippi, provides access to a stable rental market. This is a rare chance to acquire a large-scale rental portfolio at a significantly discounted price per unit, offering substantial potential for growth and profitability. Detailed property addresses and further financial information are available upon request.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Greenwood
    County
    Leflore
    State
    Mississippi
    Longitude
    -90.174688550393
    Latitude
    33.517390471651

    Comparable in this City

    • $1,150,000
      24,255 SF

      Historic Greenwood Building For Sale

      Historic mixed-use building in downtown Greenwood, MS.
      305 W Market St, Greenwood, MS 38930
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    • $300,000
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      Downtown Greenwood Mixed-Use Building

      Two-story commercial building with retail and residential spaces.
      220 Howard St, Greenwood, MS 38930
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    • $110,000
      0.00 Acres

      Greenwood MS Residential Land Investment

      Prime Greenwood lot, fixer-upper potential.
      706 Crockett St, Greenwood, MS 38930
      View Details
    • $635,000
      6,975 SF

      Downtown Greenwood Commercial Gem

      Historic building, renovated, 6,975 sq ft
      222 Howard St, Greenwood, MS 38930
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    • $1,259,259
      2,732 SF

      Pizza Hut Net Lease Investment

      Mississippi Restaurant, Strong ROI
      1313 Park Ave, Greenwood, MS 38930
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    • Contact for pricing
      1.10 Acres

      Vacant Commercial Lot Greenwood, MS

      Vacant commercial lot in a C-1 Neighborhood Zoning District.
      1901 Carrollton Ave, Greenwood, MS 38930
      View Details

    Similar Nearby for Sale

    • $1,150,000
      24,255 SF

      Historic Greenwood Building For Sale

      Historic mixed-use building in downtown Greenwood, MS.
      305 W Market St, Greenwood, MS 38930
      View Details
    • $300,000
      7,548 SF

      Downtown Greenwood Mixed-Use Building

      Two-story commercial building with retail and residential spaces.
      220 Howard St, Greenwood, MS 38930
      View Details
    • $110,000
      0.00 Acres

      Greenwood MS Residential Land Investment

      Prime Greenwood lot, fixer-upper potential.
      706 Crockett St, Greenwood, MS 38930
      View Details
    • $635,000
      6,975 SF

      Downtown Greenwood Commercial Gem

      Historic building, renovated, 6,975 sq ft
      222 Howard St, Greenwood, MS 38930
      View Details
    • $1,259,259
      2,732 SF

      Pizza Hut Net Lease Investment

      Mississippi Restaurant, Strong ROI
      1313 Park Ave, Greenwood, MS 38930
      View Details
    • Contact for pricing
      1.10 Acres

      Vacant Commercial Lot Greenwood, MS

      Vacant commercial lot in a C-1 Neighborhood Zoning District.
      1901 Carrollton Ave, Greenwood, MS 38930
      View Details

    Similar Nearby for Lease

    • $750 /Mo
      1,103 SF

      High-Visibility Office Space Available

      Prime office space in Greenwood, MS with flexible build-out.
      102 E Claiborne Ave, Greenwood, MS 38930
      View Details
    • $1,300 /Mo
      1,103 SF

      Greenwood, MS Retail/Office Space

      High-visibility commercial space in Greenwood, MS with flexible build-out options.
      100 E Claiborne Ave, Greenwood, MS 38930
      View Details
    • $2,273 /Mo
      1,564 SF

      Greenwood Medical Complex Office Space

      Renovated office space in high-visibility Greenwood Medical Complex.
      702 W Highway 82, Greenwood, MS 38930
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    619 Carrollton Ave
    Greenwood, MS 38930
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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.

    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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