Property profile

1011 School Ave Shelby, MS 38774

OFF-MARKET
Retail space
Property ID
US50-1838413
10,385 SF 1 ac lot Built 2022
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

A freestanding retail building totaling 10,385 square feet is situated on a 1-acre site just off Blues Highway 61 in Shelby, Mississippi, near established nearby businesses, including 76 Shelbys Truck Shop and Kristy Krunchy Chicken, and approximately 16 miles north of Delta State University along Highway 61. The property has a concrete floor, a fire sprinkler system, pylon signage, and an asphalt-paved site with ample parking. It is located within a Highway Business District, and the building is configured as retail space within the constraints of the premises being subject to an existing master lease.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2022
Total area 10,385 SF
Lot 1 ac (43,560 SF)
APN 37-06-900-00-03003-
UPID US50-1838413

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Discount Store

Location

1011 School Ave Shelby, MS 38774
Shelby metro Census 950100 CLEVELAND, MS MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$60k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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