1663 Us 49 Magee, MS 39111
This exceptional Class A office building, located at 1663 US 49 in Magee, Mississippi, presents a compelling investment opportunity. The property boasts 8,000 square feet situated on a 0.68-acre lot, offering high visibility due to its adjacency to a Walmart. Currently operating at 100% occupancy with two tenants, this multi-tenant building generates a substantial net operating income (NOI) of $89,000, resulting in an attractive 7.42% capitalization rate. The asking price is $1,200,000, translating to $600,000 per unit. The property features a single, one-story building with two distinct units, suitable for executive or medical office uses. The property is offered fee simple, and the parcel number is 41839000260000000512. This is a rare opportunity to acquire a well-performing, high-visibility commercial property in a desirable location with a strong tenant base and excellent financial performance under a Net Net lease structure. The property's strategic location and strong cash flow make it an ideal addition to any investment portfolio.
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
Similar Nearby for Lease
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.