Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1480 Us-61 Vicksburg, MS 39183

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1480 Us-61 Vicksburg, MS 39183

    View on Map
    • Industrial properties
    • 31,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 1480 Us-61

    Property size
    31,000 SF
    Property type
    Industrial properties

    Description

    This Vicksburg, MS property offers 31,000 total square feet of industrial space, with 11,890 square feet currently vacant. The available space includes approximately 9,390 square feet of office and warehouse space in a single unit. This area features a sizable reception area, several private offices, an open workspace, two restrooms, and a full shower. The contiguous warehouse portion boasts approximately 6,825 square feet with access to four roll-up doors. A separate, freestanding warehouse building of approximately 2,500 square feet is also available, equipped with two grade-level roll-up doors. The property is conveniently located on Highway 61 North, just one mile from Interstate 20, in Warren County. Potential exists for shared dock usage on the building's west side. The main warehouse building is currently occupied, but the available space is contiguous with the occupied portion. This versatile property is ideal for businesses needing both office and warehouse space. The address is 1480 US-61, Vicksburg, MS 39183.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Vicksburg
    County
    Warren
    State
    Mississippi
    Longitude
    -90.828
    Latitude
    32.3651

    Comparable in this City

    • Value Estimation by Request
      2,500 SF

      1480 Us-61

      Distribution properties • 2,500 SF
      1480 Us-61, Vicksburg, MS 39183
      View Details
    • Value Estimation by Request
      292,665 SF

      1735 Washington St

      Distribution properties • 292,665 SF
      1735 Washington St, Vicksburg, MS 39183
      View Details
    • Value Estimation by Request
      5,125 SF

      Industrial Dr

      CONSTRUCTION/CONTRACTING SERVICES • 5,125 SF
      Industrial Dr, Vicksburg, MS 39183
      View Details
    • Value Estimation by Request
      6,554 SF

      1063 Haining Rd

      WAREHOUSE, STORAGE • 6,554 SF
      1063 Haining Rd, Vicksburg, MS 39183-9005
      View Details
    • Value Estimation by Request
      5,000 SF

      4385 Hwy 61st N

      WAREHOUSE, STORAGE • 5,000 SF
      4385 Hwy 61st N, Vicksburg, MS 39183-7649
      View Details
    • Value Estimation by Request
      30,168 SF

      Prt Terminal Cir

      WAREHOUSE, STORAGE • 30,168 SF
      Prt Terminal Cir, Vicksburg, MS 39183
      View Details

    Similar Nearby for Sale

    • $2,000,000
      98,433 SF

      Vicksburg Port Industrial Facility

      98,433 SF industrial property within the Port of Vicksburg.
      901 Haining Rd, Vicksburg, MS 39183
      View Details
    • Contact for pricing
      292,665 SF

      Vicksburg Manufacturing/Distribution Facility

      292,665 SF facility on 60 acres near Interstate 20.
      1735 N Washington St, Vicksburg, MS 39183
      View Details
    • Contact for pricing
      107,000 SF

      Vicksburg Warehouse with Expansion

      125,000 SF warehouse with expansion and multiple office areas.
      1725 N Washington St, Vicksburg, MS 39183
      View Details
    • Contact for pricing
      21,000 SF

      Former Showroom/Warehouse in Vicksburg, MS

      21,000 SF building on 1.15 acres with 8 dock-high doors.
      1315 Clay St, Vicksburg, MS 39183
      View Details
    • Contact for pricing

      Vicksburg Multifamily Portfolio

      Portfolio of 3 apartment communities with 239 units in Vicksburg, MS.
      2501 Culkin Rd, Vicksburg, MS 39183
      View Details
    • $2,850,000
      9 SF

      Land Near Vicksburg National Park

      Commercial land for sale near a major tourist attraction.
      3332 Clay St, Vicksburg, MS 39183
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr

      Industrial Property in Port of Vicksburg

      Industrial property with two buildings and excellent accessibility.
      901 Haining Rd, Vicksburg, MS 39183
      View Details
    • Contact for pricing
      292,665 SF

      Vicksburg Industrial Facility for Lease

      292,665 SF industrial facility near Port of Vicksburg.
      1735 N Washington St, Vicksburg, MS 39183
      View Details
    • Contact for pricing

      Vicksburg Net Lease Investment Opportunity

      Net leased drugstore for sale in Vicksburg, Mississippi.
      2310 Clay St, Vicksburg, MS 39183
      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.
    1480 Us-61
    Vicksburg, MS 39183
    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.
    Sign Up Successful!
    You now have access to more from Realmo!