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    2310 Iowa Blvd Vicksburg, MS 39180
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    Property profile & analytics

    2310 Iowa Blvd, Vicksburg, MS 39180

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    • Neighborhood centers
    • 19,200 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Home & Pharmacy Walmart / Pharmacy
    • Cadafe and Son's Wrecker Service / Auto Repair Shop
    • Regions Bank (ATM) / Atm
    • Community Choice Financial / Bank / Credit Union
    • Wingstop / Restaurant

    Property Details for 2310 Iowa Blvd

    Year built
    2007
    Property size
    19,200 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    Vicksburg Plaza, a Class B, single-story retail strip center, offers 19,200 square feet of space on a 2.7-acre lot at 2310 Iowa Blvd, Vicksburg, MS 39180. Built in 2007, this property features seven suites, with 2,339 square feet currently vacant, including one 2,000 square foot space. The center enjoys a prime location on the west side of US Hwy 61, benefiting from high visibility and traffic flow. It's a Walmart shadow center with a strong tenant mix of national and local businesses. Recent positive activity includes a new 5-year lease signed with T-Mobile in an adjacent space. The property is zoned C-2 and is situated in Warren County. The building has no elevators. This presents a compelling opportunity for businesses seeking high-traffic exposure in a thriving retail environment. The property's location and existing tenant base offer significant potential for growth and return on investment. Serious inquiries are encouraged to explore this exceptional retail opportunity further.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Vicksburg
    County
    Warren
    State
    Mississippi
    Longitude
    -90.8908
    Latitude
    32.306

    Comparable in this City

    • Value Estimation by Request
      14,448 SF

      2222 Frontage Rd

      SHOPPING CENTER, STRIP CENTER • 14,448 SF
      2222 Frontage Rd, Vicksburg, MS 39180-5271
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    • Value Estimation by Request
      15,454 SF

      3403 Pemberton Sq Blvd

      SHOPPING CENTER, STRIP CENTER • 15,454 SF
      3403 Pemberton Sq Blvd, Vicksburg, MS 39180-5562
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    • Value Estimation by Request
      97,882 SF

      4000 Frontage Rd

      SHOPPING CENTER, STRIP CENTER • 97,882 SF
      4000 Frontage Rd, Vicksburg, MS 39180-4462
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    • Value Estimation by Request
      249,644 SF

      3505 Pemberton Sq Blvd

      SHOPPING CENTER, STRIP CENTER • 249,644 SF
      3505 Pemberton Sq Blvd, Vicksburg, MS 39180-5537
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    • Value Estimation by Request
      10,341 SF

      3440 Halls Fry Rd

      SHOPPING CENTER, STRIP CENTER • 10,341 SF
      3440 Halls Fry Rd, Vicksburg, MS 39180-5504
      View Details
    • Value Estimation by Request
      96,983 SF

      1800 Frontage Rd

      SHOPPING CENTER, STRIP CENTER • 96,983 SF
      1800 Frontage Rd, Vicksburg, MS 39180-5254
      View Details

    Similar Nearby for Sale

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      16,100 SF

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      Pemberton Plaza Retail Space Available

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      16,900 SF

      Historical Vicksburg Retail Opportunity

      16,900 SF retail property in downtown Vicksburg for sale.
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    • $985,000

      Warren County Hunting and Recreational Land

      200-acre hunting/recreational land with Big Black River frontage.
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      Warren County Acreage for Sale

      12 +/- acres of land in Warren County, Mississippi.
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    • $1,500,000

      Prime Redevelopment Land I-20 Frontage

      29-acre redevelopment site with high visibility and I-20 frontage.
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    Similar Nearby for Lease

    • $15 SF/Yr

      Retail Space in High-Traffic Center

      Highly visible retail space with strong co-tenancy and easy access.
      2314 Iowa Blvd, Vicksburg, MS 39180
      View Details
    • $8 SF/Yr

      Prominent Shopping Center in Vicksburg

      High-visibility leasing opportunities in Vicksburg's thriving commercial corridor.
      4000 S Frontage Rd, Vicksburg, MS 39180
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space End Cap Location

      Former GameStop store with open layout and rear storage.
      2310 Iowa Blvd, Vicksburg, MS 39180
      View Details
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    Vicksburg, MS 39180
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    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
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