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    Property profile & analytics

    113A Main St Baldwyn, MS 38824

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 113A Main St

    Property type
    Commercial real estate

    Description

    This exceptional mixed-use property, located at 113A & 113 Main/W Main St. in historic downtown Baldwyn, Mississippi, presents a unique investment opportunity. Priced at $350,000, the building offers a versatile layout ideal for a variety of commercial and residential uses. The ground floor boasts a spacious open area, perfect for retail or office space. A separate room provides a private office and a convenient bathroom. Upstairs, a sizable apartment awaits, featuring three bedrooms and two full bathrooms. The open-concept living, kitchen, and dining area provides ample space for comfortable living. A large pantry and laundry room add to the convenience. The master bedroom is generously sized and includes an ensuite bathroom. Two additional bedrooms offer stunning views of Main Street. Both bathrooms are equipped with double vanities. This property's prime location in the heart of Baldwyn's historic district offers excellent visibility and accessibility. The building's potential is vast, making it an attractive investment for both entrepreneurs and savvy real estate investors seeking a blend of commercial and residential income streams. The lot size is 0 acres. The square footage is not specified. This is a general commercial property.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Baldwyn
    County
    Prentiss
    State
    Mississippi
    Longitude
    -88.6332
    Latitude
    34.5089

    Comparable in this City

    • Value Estimation by Request
      147,142 SF

      1124 2nd St

      COMMERCIAL (GENERAL) • 147,142 SF
      1124 2nd St, Baldwyn, MS 38824-8586
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    • Value Estimation by Request
      50,000 SF

      1036 Hwy 45th S

      COMMERCIAL (GENERAL) • 50,000 SF
      1036 Hwy 45th S, Baldwyn, MS 38824
      View Details
    • Value Estimation by Request
      94,840 SF

      1032 4th St

      COMMERCIAL (GENERAL) • 94,840 SF
      1032 4th St, Baldwyn, MS 38824-1141
      View Details
    • Value Estimation by Request
      3,615 SF

      910 4th St

      COMMERCIAL (GENERAL) • 3,615 SF
      910 4th St, Baldwyn, MS 38824-1121
      View Details
    • Value Estimation by Request
      0.40 Acres

      315 4Th St

      Commercial real estate • 0.40 Acres
      315 4Th St, Baldwyn, MS 38824
      View Details
    • Value Estimation by Request
      0.33 Acres

      816b 4Th St

      Commercial real estate • 0.33 Acres
      816b 4Th St, Baldwyn, MS 38824
      View Details

    Similar Nearby for Sale

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      Downtown Baldwyn Commercial Property

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    • $135,000
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      Three parcels available in North Lee County perfect for homes.
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      Renovated Commercial Space in Baldwyn

      Newly renovated retail/office space in Baldwyn's historic district.
      116 S 2 Ave, Baldwyn, MS 38824
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    • New
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      Commercial Property in Downtown Baldwyn

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    113A Main St
    Baldwyn, MS 38824
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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.

    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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