Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    890 Us 49 Richland, MS 39218
    Back to Search
    Property profile & analytics

    890 Us 49 Richland, MS 39218

    View on Map
    • Lifestyle centers
    • 6,900 SF
    • 0.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 890 Us 49

    Lot size
    0.50 lot acres
    Property size
    6,900 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional 1,352 square foot retail endcap suite is located in a thriving Richland, MS shopping center on US Highway 49. The property boasts a total of 6,900 square feet across three suites within a single, one-story building situated on a half-acre lot. Recently renovated in 2024, this space offers immediate occupancy for a variety of retail or restaurant uses. The suite is conveniently located with excellent visibility and access from US Highway 49 and Roland Drive. The building is served by electric power and is zoned for commercial use. The minimum divisible space is 1,352 square feet, which is also the maximum contiguous space available. This presents a fantastic opportunity for a business seeking a high-profile location in a busy commercial area within the Richland submarket cluster of Rankin County. The property's strategic location and recent renovations make it an ideal space for businesses looking to establish or expand their presence in this growing market. The entire shopping center offers 6,900 square feet of retail space. This endcap suite provides excellent visibility and accessibility for customers. This is a prime opportunity for a business seeking a high-traffic location in a thriving commercial area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Richland
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.157
    Latitude
    32.2234

    Comparable in this City

    • Value Estimation by Request
      14,015 SF

      1040 Hwy 49th S

      SHOPPING CENTER, STRIP CENTER • 14,015 SF
      1040 Hwy 49th S, Richland, MS 39218-4451
      View Details
    • Value Estimation by Request
      8,208 SF

      1053 Hwy 49th S

      SHOPPING CENTER, STRIP CENTER • 8,208 SF
      1053 Hwy 49th S, Richland, MS 39218-4409
      View Details
    • Value Estimation
      $1,275,000
      36,414 SF

      1201 Hwy 49th S

      SHOPPING CENTER, STRIP CENTER • 36,414 SF
      1201 Hwy 49th S, Richland, MS 39218-9425
      View Details
    • Value Estimation by Request
      4,493 SF

      701 Hwy 49th S

      SHOPPING CENTER, STRIP CENTER • 4,493 SF
      701 Hwy 49th S, Richland, MS 39218-9409
      View Details
    • Value Estimation by Request
      8,633 SF

      129 Ctr St

      SHOPPING CENTER, STRIP CENTER • 8,633 SF
      129 Ctr St, Richland, MS 39218-4800
      View Details
    • Value Estimation
      $700,000
      19,951 SF

      190 Market Pl

      SHOPPING CENTER, STRIP CENTER • 19,951 SF
      190 Market Pl, Richland, MS 39218-4430
      View Details

    Similar Nearby for Sale

    • $550,000

      Prime Commercial Land Opportunity

      Ideal commercial land for restaurants and other businesses.
      842 Highway 49 N, Richland, MS 39218
      View Details
    • $350,000

      Highway 49 Land Parcels

      Two highly visible land parcels on Highway 49.
      110 Monterey Rd, Richland, MS 39218
      View Details
    • Contact for pricing

      Commercial Land Near Highway 49

      12.77+/- acres of commercial land in Richland, Mississippi.
      W Harper St, Richland, MS 39218
      View Details
    • Contact for pricing

      Highway 49 Corner Commercial Lot

      1.65 acre corner lot on Highway 49 in Richland, MS.
      734 Highway 49 S, Richland, MS 39218
      View Details
    • $240,000
      7.89 Acres

      Richland, MS Wooded Land

      7.89 acres of wooded land zoned for multi-family use.
      Roland Dr, Richland, MS 39218
      View Details
    • Contact for pricing

      Industrial Land in Richland, MS

      13.37 acres of industrial-zoned land in Rankin County.
      Aerosmith Dr, Richland, MS 39218
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Richland Industrial Space Available

      Industrial spaces available for rent in Richland, Mississippi.
      542 Industrial Dr, Richland, MS 39218
      View Details
    • Contact for pricing

      Richland Industrial Flex Space Available

      Industrial flex space for lease in Richland, Mississippi.
      199 Interstate Dr, Richland, MS 39218
      View Details
    • Contact for pricing

      Richland Industrial Facility Pre-Leasing

      110,390 SF industrial facility with build-to-suit options available.
      129 Interstate Dr, Richland, MS 39218
      View Details
    • Contact for pricing
      4,800 SF

      Industrial Flex Space Available

      Industrial flex space for lease in Richland, Mississippi.
      199 Interstate Dr, Richland, MS 39218
      View Details
    • $12 SF/Yr
      5,000 SF

      Richland, MS Industrial Property

      5,000 SF Office/Warehouse Space Available
      0 Aerosmith Dr, Richland, MS 39218
      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.
    890 Us 49
    Richland, MS 39218
    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

    Thank You for Inquiry
    890 Us 49, Richland, MS, 39218
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!