18159 Highway 15 Decatur, MS 39327
This exceptional 6.4-acre commercial property in Newton County, Mississippi, presents a unique investment opportunity. Located on Highway 15, just two miles north of Decatur, the land boasts a 3,200 square foot house featuring four bedrooms and two and a half bathrooms. The property includes a sunroom and a custom outdoor kitchen complete with a gas grill, stove, custom wood cabinets, and a wood-burning stone fireplace. Additional improvements include a two-car garage, a detached two-car carport, and a substantial 40'x60' shop with stained concrete floors, cedar cabinets, a full bathroom, and a dedicated tool room. Modern conveniences such as central heat and air, a tankless water heater, and Wi-Fi are already installed. The property also benefits from a private water well, eliminating water bills. Adding to its income potential, two rental properties situated on the rear of the land generate approximately $1,500 in monthly rental income. Mature oak trees enhance the aesthetic appeal of this expansive property, offering a blend of residential comfort and significant commercial potential. The property's strategic location and diverse features make it an attractive investment for a variety of commercial ventures. The asking price is $550,000. The property's zip code is 39327.
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.