10150 Crk 200 Falkner, MS 38629
This exceptional commercial property, located at 10150 CR 200 in downtown Falkner, Mississippi, presents a unique investment opportunity. The 27-room brick building boasts a versatile layout suitable for a variety of uses. Completely updated in 2012, the property includes ample parking. A key feature is the inclusion of existing living quarters, providing convenient on-site accommodation or potential for additional rental income. Furthermore, an income-producing retail store is currently operational within the building. The property's adaptability extends to medical applications, as it's equipped with exam rooms and a lab, making it ideal for a medical office or clinic. Medical equipment is available for separate purchase. The property sits on a 0.24-acre lot, offering significant space and potential for expansion or outdoor amenities. Priced at $375,500, this property offers a strong return on investment potential due to its diverse income streams and prime downtown location. The building's solid construction and recent updates ensure long-term value and minimal maintenance needs. This is a rare opportunity to acquire a well-maintained, multi-functional commercial property in a thriving Mississippi town. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.