Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    939 Us-61 Natchez, MS 39120
    Back to Search
    Property profile & analytics

    939 Us-61, Natchez, MS 39120

    View on Map
    • Warehouses
    • 3,000 SF
    • 4.37 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 939 Us-61

    Year built
    2001
    Lot size
    4.37 lot acres
    Property size
    3,000 SF
    Property type
    Warehouses
    Property subtype
    Retail properties & Spaces

    Description

    This 3,000 square foot industrial property, built in 2001, sits on a 4.37-acre lot at 939 Hwy 61 S, Natchez, MS 39120. Currently configured as a medical cannabis facility, this versatile space offers significant potential for various businesses. The property boasts two adjoining buildings with ample storage, ideal for owner-occupancy or rental income. Its prime location just outside Natchez city limits provides exceptional visibility with 1,280 feet of road frontage on Hwy 61 South, attracting customers from Natchez and Baton Rouge. Security features include gated and fenced grounds, and extensive parking is available. The property is suitable for flex, pharmacy/drug, or warehouse uses, making it a highly attractive investment opportunity. This 1-story building presents a unique chance to capitalize on its strategic location and adaptable layout. All information should be independently verified. The property is offered as a 1031 exchange opportunity. The Adams County parcel number is 0204 0002 0001. Asking price: $179,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Natchez
    County
    Adams
    State
    Mississippi
    Longitude
    -91.3895
    Latitude
    31.4242

    Comparable in this City

    • Value Estimation by Request
      2,450 SF

      235 Highway 61

      Distribution properties • 2,450 SF
      235 Highway 61, Natchez, MS 39120
      View Details
    • Value Estimation by Request
      19,434 SF

      255 Us-61

      Individual retail properties • 19,434 SF
      255 Us-61, Natchez, MS 39120
      View Details
    • Value Estimation by Request
      2,000 SF

      61 251&255 Hwy

      Individual retail properties • 2,000 SF
      61 251&255 Hwy, Natchez, MS 39120
      View Details
    • Value Estimation by Request
      24.90 Acres

      Natchez, MS 39120

      Multifamily properties • 24.90 Acres
      Natchez, MS 39120
      View Details
    • Value Estimation by Request
      3.27 Acres

      Natchez, MS 39120

      Individual retail properties • 3.27 Acres
      Natchez, MS 39120
      View Details
    • Value Estimation by Request
      15.43 Acres

      001543

      Individual retail properties • 15.43 Acres
      0 001543, Natchez, MS 39120
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      19,434 SF

      Mixed-Use Property with Multiple Buildings

      4.8-acre property featuring six freestanding buildings, some currently rented.
      255 Us-61, Natchez, MS 39120
      View Details
    • $875,000
      4,400 SF

      Downtown Natchez Mixed-Use Opportunity

      Two-story historical building in downtown Natchez with commercial and residential potential.
      433 Main St, Natchez, MS 39120
      View Details
    • $205,000
      2,450 SF

      Versatile Commercial Property with Warehouse

      Commercial property featuring offices and a large warehouse area.
      235 Highway 61, Natchez, MS 39120
      View Details
    • Contact for pricing
      2,450 SF

      Versatile Building in Natchez, MS

      Well-located 2,450 SF building suitable for various commercial uses.
      245 Us-61, Natchez, MS 39120
      View Details
    • $499,000
      5,000 SF

      Thriving Event Venue & Wedding Barn

      Event venue on 3 acres, suitable for various events.
      398 Greenfield Rd, Natchez, MS 39120
      View Details
    • $419,000
      10,656 SF

      Natchez Commercial Property with Warehouses

      Commercial property with two warehouses, near Highway 61 South.
      18 Col. John Pitchford Pkwy, Natchez, MS 39120
      View Details

    Similar Nearby for Lease

    • $4,000 /Mo
      4,000 SF

      Retail Space in Natchez, MS

      4,000 sq ft retail space for rent in Natchez.
      414 Highway 61 N, Natchez, MS 39120
      View Details
    • Contact for pricing
      3,500 SF

      Retail Space in Natchez Mall

      Retail space available in established Natchez Mall.
      350 John Junkin Dr, Natchez, MS 39120
      View Details
    • Contact for pricing

      Retail Space in Tunica Center

      Retail spaces available near Tunica Resorts & Casinos.
      1062 Highway 61 N, North Tunica, MS 39120
      View Details
    • $14 SF/Yr

      Northgate Shopping Center Retail Space

      Retail spaces available in Northgate Shopping Center.
      105 Northgate Rd, Natchez, MS 39120
      View Details
    • $1,250 /Mo
      950 SF

      Natchez Office Space For Rent

      950 sq ft office space in Natchez, Mississippi.
      151 Jefferson Davis Blvd, Natchez, MS 39120
      View Details
    • $1,500 /Mo
      1,100 SF

      Natchez Office Space For Rent

      Commercial office space suitable for medical, wellness, or professional use.
      151 Jefferson Davis Blvd, Natchez, MS 39120
      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.
    939 Us-61
    Natchez, MS 39120
    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
    939 Us-61, Natchez, MS, 39120
    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!