Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1533 University Ave Oxford, MS 38655
    Back to Search
    Property profile & analytics

    1533 University Ave, Oxford, MS 38655

    View on Map
    • Retail properties & Spaces
    • 8,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1533 University Ave

    Year built
    1991
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional 8,000 square foot building, constructed in 1991 and extensively renovated in 2023, presents a unique opportunity in Oxford, Mississippi. Currently featuring a single tenant occupancy, 2,500 square feet of space is immediately available for lease. The property is classified as Class B and boasts a highly desirable location at 1533 University Avenue, within easy walking distance of Oxford's vibrant town square. This prime location ensures excellent visibility and accessibility for both pedestrian and vehicular traffic, making it ideal for a variety of retail or office businesses. The building offers ample parking with 30 spaces available for tenants and customers. While there are no elevators, the single-story layout provides easy access throughout the entire space. This property is situated in the Oxford submarket of Lafayette County, Mississippi, and offers a blend of modern amenities and a coveted location, promising significant growth potential for the right business. The address is 1533 University Ave, Oxford, MS 38655.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Oxford
    County
    Lafayette
    State
    Mississippi
    Longitude
    -89.5152
    Latitude
    34.3639

    Comparable in this City

    • Value Estimation by Request

      2550 Jackson Ave

      Restaurants
      2550 Jackson Ave, Oxford, MS 38655
      View Details
    • Value Estimation by Request
      6,000 SF

      3000 Old Taylor Rd

      Restaurants
      3000 Old Taylor Rd, Oxford, MS 38655
      View Details
    • Value Estimation by Request

      Hwy 7 @ Sisk Ave

      Individual retail properties
      0 Hwy 7 @ Sisk Ave, Oxford, MS 38655
      View Details
    • Value Estimation by Request
      32,000 SF

      at Oxford Farms The Lndg

      Office Spaces
      at Oxford Farms The Lndg, Oxford, MS 38655
      View Details
    • Value Estimation by Request
      43,000 SF

      1904-1908 University Ave

      Retail properties & Spaces
      1904-1908 University Ave, Oxford, MS 38655
      View Details
    • Value Estimation by Request
      1,100 SF

      1681 James Kimmons Dr

      Medical Office Space
      1681 James Kimmons Dr, Oxford, MS 38655
      View Details

    Similar Nearby for Sale

    • $550,000
      0.48 Acres

      Commercial Lot on University Avenue

      Prime commercial lot in high-traffic location near Kroger.
      301 Dede Dr, Oxford, MS 38655
      View Details
    • Contact for pricing
      1,750 SF

      Commercial Space in Oxford

      New commercial space with parking and views near campus.
      1007 Mistilis Cv, Oxford, MS 38655
      View Details
    • $599,000
      1,750 SF

      Commercial Space in Oxford, MS

      Commercial space available in Oxford, one mile from campus.
      1007 Mistilis Cv, Oxford, MS 38655
      View Details
    • $169,000
      0.56 Acres

      Commercial Lot in High-Demand Area

      Prime commercial lot suitable for retail, office, or service-based development.
      105 Commerce Dr, Oxford, MS 38655
      View Details
    • $323,850
      42.70 Acres

      Prime 42.7-Acre MS Land Investment

      Recreational & Commercial Potential near Oxford
      Oxford, MS 38655
      View Details
    • $165,000
      11.00 Acres

      Prime Lafayette County Land Tract

      11 acre tract in the Taylor Community of Lafayette County.
      County Road 367, Oxford, MS 38655
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Oxford Commons Mixed-Use Development

      New mixed-use development with retail spaces in Oxford Commons.
      Sisk Ave, Oxford, MS 38655
      View Details
    • Contact for pricing

      1600 Grand Oaks Blvd, Oxford, MS 38655

      Retail space
      1600 Grand Oaks Blvd, Oxford, MS 38655
      View Details
    • Contact for pricing
      Pending

      North Lamar Commercial Space

      New construction mixed-use space on North Lamar Corridor.
      1009 N Lamar Blvd, Oxford, MS 38655
      View Details
    • Contact for pricing
      9,800 SF

      Commercial Facility in Oxford, MS

      9,800 sq ft commercial facility on 2 acres.
      544 Ryland Way, Oxford, MS 38655
      View Details
    • $17,382 /Mo
      Pending

      Commercial Space on Oxford Square

      Commercial space for lease in Oxford, Mississippi.
      208 S Lamar Blvd, Oxford, MS 38655
      View Details
    • Contact for pricing

      Oxford Commons Retail Outparcels

      Prime Oxford retail lots, build-to-suit options.
      0 Hwy 7 @ Sisk Ave, Oxford, MS 38655
      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.
    1533 University Ave
    Oxford, MS 38655
    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
    1533 University Ave, Oxford, MS, 38655
    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!