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    405 Applegate St Winona, MS 38967
    Property profile & analytics

    405 Applegate St, Winona, MS 38967

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    • Day care centers
    • 4,848 SF
    • 0.53 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Western Union / Bank / Credit Union
    • Precious Hands Adult Daycare / Daycare Center
    • 4 Paws N More / (Bike/Boat/Book/etc) Store / Pet Store

    Property Details for 405 Applegate St

    Lot size
    0.53 lot acres
    Property type
    Day care centers
    Property subtype
    Retail properties & Spaces

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Winona
    County
    Montgomery
    State
    Mississippi
    Longitude
    -89.7366
    Latitude
    33.4898

    Comparable in this City

    • Value Estimation by Request
      57,125 SF

      610 Applegate St

      Shopping malls
      610 Applegate St, Winona, MS 38967
      View Details
    • Value Estimation by Request
      1,722 SF

      527 Sawyer Rd

      DAY CARE, PRE-SCHOOL
      527 Sawyer Rd, Winona, MS 38967-9750
      View Details
    • Value Estimation by Request
      2,346 SF

      Winona, MS 38967

      DAY CARE, PRE-SCHOOL
      Winona, MS 38967
      View Details
    • Value Estimation by Request
      3,242 SF

      Winona, MS 38967

      RETAIL STORES (PERSONAL SERVICES)
      Winona, MS 38967
      View Details
    • Value Estimation by Request
      2,000 SF

      Winona, MS 38967

      RETAIL STORES (PERSONAL SERVICES)
      Winona, MS 38967
      View Details
    • Value Estimation
      $1,540,000
      20,532 SF

      Winona, MS 38967

      RETAIL STORES (PERSONAL SERVICES)
      Winona, MS 38967
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      71,874 SF

      Commercial Corner with Income Streams

      Commercial property featuring multiple income streams from various businesses.
      223 N Applegate St, Winona, MS 38967
      View Details
    • $1,799,000
      Pending

      Winona Commercial Corner For Sale

      Commercial corner with multiple income streams in Winona, Mississippi.
      223 N Applegate St, Winona, MS 38967
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    • Contact for pricing

      Highway 82 Restaurant Investment Opportunity

      NNN leased restaurant building for sale with 10+ years remaining.
      313 Highway 82, Winona, MS 38967
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    • Contact for pricing
      2,582 SF

      Former Restaurant on Highway 82

      2,582 SF restaurant on 2 acres, long-term NNN lease.
      313 Us-82, Winona, MS 38967
      View Details
    • $549,999
      28.00 Acres

      Winona, MS Vacant Land

      28+/- acres of prime commercial/agricultural land on Hwy 82.
      0000 Highway 82, Winona, MS 38967
      View Details
    • $750,000
      90.00 Acres

      90 Acres Undeveloped Commercial Land

      Undeveloped commercial property with frontage on I-55 and NE Frontage.
      NE Frontage Rd, Winona, MS 38967
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Retail Space in Winona, MS

      Retail center in Winona, Mississippi, with storefront spaces available.
      612-620 S Applegate St, Winona, MS 38967
      View Details
    • Contact for pricing

      Restaurant Space with Drive-Thru

      Quick-service restaurant space with drive-thru and interstate access.
      313 Highway 82, Winona, MS 38967
      View Details
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    Winona, MS 38967
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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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    405 Applegate St, Winona, MS, 38967
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