Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1231 Highway 45 Columbus, MS 39705

    • Retail properties
    • 47,579 SF
    For Lease
    View listing
    $120 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 1231 Highway 45

    Property size
    47,579 SF
    Property type
    Retail properties

    Description

    This exceptional commercial lease opportunity presents 6,802 square feet of vacant space within the Crossing Shopping Center at 1231 Hwy 45 N in Columbus, Mississippi. Located in Lowndes County, this single-tenant retail space boasts a highly visible end-cap position within a well-established shopping center. The property sits on a 2.34-acre lot and is zoned for commercial use. The building's total square footage is 47,579 square feet. The available space features a large, open entry area, ideal for showcasing merchandise or creating a welcoming atmosphere. In addition, the space includes eight private offices, two conference rooms, and two restrooms, providing ample space for a variety of business needs. The property benefits from excellent ingress and egress, facilitated by a four-way signalized traffic light, ensuring high visibility and convenient access for customers and employees. Its strategic location just before Leigh Mall, easily accessible from Hwy 82, makes it a highly desirable location for businesses seeking strong foot traffic and convenient access for customers. This prime commercial lease location offers a unique opportunity for businesses looking to establish or expand their presence in a thriving Columbus market. The zip code is 39705.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Lowndes
    State
    Mississippi
    Longitude
    -88.4338
    Latitude
    33.5099

    Comparable in this City

    • Value Estimation by Request
      47,579 SF

      1211 Highway 45

      Retail properties • 47,579 SF
      1211 Highway 45, Columbus, MS 39705
      View Details
    • Value Estimation by Request
      1.04 Acres

      83 Plymouth Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1.04 Acres
      83 Plymouth Rd, Columbus, MS 39705-9267
      View Details
    • Value Estimation by Request
      2.56 Acres

      Hwy 45th N

      DEPARTMENT STORE • 2.56 Acres
      Hwy 45th N, Columbus, MS 39705
      View Details
    • Value Estimation by Request
      9.90 Acres

      Hospital Dr

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 9.90 Acres
      Hospital Dr, Columbus, MS 39705
      View Details
    • Value Estimation by Request
      4,575 SF

      Jess Lyons Rd

      DEPARTMENT STORE • 4,575 SF
      Jess Lyons Rd, Columbus, MS 39705
      View Details
    • Value Estimation by Request
      4.80 Acres

      2621 Cleda Dr

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 4.80 Acres
      2621 Cleda Dr, Columbus, MS 39705-2641
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.45 Acres

      Land For Sale, Columbus, MS

      Land available in Columbus, MS, with 0.45 acres.
      Downs Rd, Columbus, MS 39705
      View Details
    • $45,000
      1.10 Acres

      Residential Land in Quiet Subdivision

      1.10-acre homesite in Walden Ridge, Caledonia School District.
      Walden Dr, Columbus, MS 39705
      View Details
    • New
      $70,000
      1.50 Acres

      Residential Lot with Lake Access

      1.5+/- acre lot in Forest Glen, Columbus, MS.
      437 Forrest Glen Rd, Columbus, MS 39705
      View Details
    • Contact for pricing

      3.32 Acres Commercial Land

      3.32 acres of land with direct highway access.
      Hospital Dr, Columbus, MS 39705
      View Details
    • $120,000
      1.07 Acres

      Columbus, MS Versatile Land

      1.07 acre lot zoned C-1-R near GTBH.
      Brookmore Dr, Columbus, MS 39705
      View Details
    • $35,000
      1.70 Acres

      Residential Land in Upscale Development

      Residential land for sale in Columbus, MS near airbase.
      1 Sleepy Hollow Dr, Columbus, MS 39705
      View Details

    Similar Nearby for Lease

    • $120 SF/Yr
      47,579 SF

      Columbus Retail Space - Hwy 45 N

      Prime Commercial Lease Space in Columbus, MS
      1231 Highway 45, Columbus, MS 39705
      View Details
    • $120 SF/Yr
      47,579 SF

      Columbus Retail Space - Hwy 45 N

      Prime Commercial Lease Space in Columbus, MS
      1211 Highway 45, Columbus, MS 39705
      View Details
    • Contact for pricing
      2,876 SF

      Retail Center Space Available

      Retail space available in Columbus, Mississippi with ample parking.
      2310-2320 Highway 45 N, Columbus, MS 39705
      View Details
    • Contact for pricing
      304,262 SF

      Leigh Mall: Columbus Retail Spaces

      High-traffic retail center, spaces available.
      1404 Old Aberdeen Rd, Columbus, MS 39705
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1231 Highway 45
    Columbus, MS 39705
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.