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Property profile & analytics
OFF-MARKET
Commercial real estate

930 Wellman Dr Brookhaven, MS 39601

9,520 SF 1.25 ac lot Built 2022
Property ID
Property summary
AI-generated overview

This turnkey medical cannabis cultivation facility in Brookhaven, Mississippi, presents a unique investment opportunity. The property encompasses 1.25 acres with a 0.75-acre easement, featuring five buildings totaling 9,520 square feet of cultivation space. The main greenhouse measures 72x110 feet (7,920 sq ft), complemented by a nursery, trim and drying building, worker housing (unfinished), and storage building. The property boasts state-of-the-art equipment valued at $535,000, including grow tables and lights. Built in 2022 and renovated in 2023, this facility is currently 100% occupied and operational, with an ideal growing season from September to May. The unique design allows for year-round production potential by cultivating AC/DC hemp during the summer months. The asking price is $1,550,000, representing a significant value considering the building value of $1 million and the high demand for cannabis cultivation facilities in Mississippi, especially given the limited number of licenses available. This is one of only three licensed greenhouse operations in the state, with the state unlikely to issue further licenses for similarly designed facilities. The property's address is 930 Wellman Dr SE, Brookhaven, MS 39601, with APN 96-3-07-017. The sale is a fee simple ownership.

Property profile
Verified
Property type Commercial real estate
Year built 2022
Total area 9,520 SF
Lot 1.25 ac (54,450 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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