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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1015 Green St Tupelo, MS 38804

    • Commercial real estate
    • 48,056 SF
    • 2.60 lot acres
    For Sale
    View listing
    $3,500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0507404
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1015 Green St

    Year built
    1955
    Lot size
    2.60 lot acres
    Property size
    48,056 SF
    Property type
    Commercial real estate
    APN
    113B-06-041-00

    Description

    This exceptional 48,056 square foot office building, located at 1015 S Green Street in Tupelo, Mississippi, presents a unique investment opportunity. Built in 1955, this single-story structure sits on a substantial 2.6-acre lot and is zoned for Mixed Use Employment, offering considerable flexibility for future development. Currently vacant, the property provides immediate occupancy for an owner/user seeking a significant footprint. The building features dedicated electrical lab space, a valuable asset for a variety of businesses, and includes the convenience of one drive-in door for easy loading and unloading. The asking price is $3,500,000, translating to a price per square foot of $72.83. The property's APN is 113B-06-041-00. The seller is open to exploring a partial building sale-leaseback arrangement, providing potential buyers with added financial flexibility. This presents a rare chance to acquire a large, well-located office building in a thriving Mississippi community. The property's size, zoning, and existing features make it ideal for a variety of uses, from traditional office space to specialized industrial applications. Don't miss this opportunity to secure a prime commercial property in Lee County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tupelo
    County
    Lee
    State
    Mississippi
    Longitude
    -88.7081071
    Latitude
    34.244152

    Comparable in this City

    • $850,000
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      Tupelo Commercial Property with Warehouse

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      3166 West Jackson St, Tupelo, MS 38804
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    • $3,500,000
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      Tupelo Office Building For Sale

      48,056 SF office building in Tupelo, Mississippi.
      1015 S Green St, Tupelo, MS 38804
      View Details
    • $575,000
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      Tupelo Commercial Property For Sale

      Three buildings: two warehouses and an office building for sale.
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    • $425,000
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      Versatile Commercial Building in Tupelo

      Commercial property with high traffic location and versatile layout.
      199 N Veterans Memorial Blvd, Tupelo, MS 38804
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      Tupelo Commercial Property For Sale

      Iconic Art Deco building with high traffic and recent renovations.
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    • $555,000

      Downtown Tupelo Commercial Gem

      Historic Rankin House, 4675 sq ft
      534 Main St, Tupelo, MS 38804
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    Similar Nearby for Sale

    • $850,000
      6,600 SF

      Tupelo Commercial Property with Warehouse

      Commercial building with office suites and warehouse near Tupelo Airport.
      3166 West Jackson St, Tupelo, MS 38804
      View Details
    • $3,500,000
      48,056 SF

      Tupelo Office Building For Sale

      48,056 SF office building in Tupelo, Mississippi.
      1015 S Green St, Tupelo, MS 38804
      View Details
    • $575,000
      10,984 SF

      Tupelo Commercial Property For Sale

      Three buildings: two warehouses and an office building for sale.
      108 Deer Park Rd, Tupelo, MS 38804
      View Details
    • $425,000
      12,500 SF

      Versatile Commercial Building in Tupelo

      Commercial property with high traffic location and versatile layout.
      199 N Veterans Memorial Blvd, Tupelo, MS 38804
      View Details
    • $819,950
      7,000 SF

      Tupelo Commercial Property For Sale

      Iconic Art Deco building with high traffic and recent renovations.
      704 N Gloster St, Tupelo, MS 38804
      View Details
    • $555,000

      Downtown Tupelo Commercial Gem

      Historic Rankin House, 4675 sq ft
      534 Main St, Tupelo, MS 38804
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      2,100 SF

      Office Space Available For Rent

      Office space available for rent, totaling 2,100 square feet.
      114 S Broadway St, Tupelo, MS 38804
      View Details
    • $20 SF/Yr
      2,323 SF

      Office Space in Tupelo

      Office space available for lease in Tupelo, Mississippi.
      495 S Gloster St, Tupelo, MS 38804
      View Details
    • $16 SF/Yr
      5,525 SF

      Downtown Tupelo Office Suites

      Historic building, flexible space, great location
      111 Spring St, Tupelo, MS 38804
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    • $16 SF/Yr
      50,000 SF

      Upscale Tupelo Office Suites

      Modern, professional office space in Tupelo, MS.
      431 Main St, Tupelo, MS 38804
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    • $18 SF/Yr
      2,082 SF

      Office Space For Rent

      Office space available for lease in Tupelo, Mississippi.
      499 S Gloster St, Tupelo, MS 38804
      View Details
    • $13 SF/Yr
      4,089 SF

      Tupelo Retail Space: Barnes Crossing

      Prime Tupelo retail, 4,089 sq ft, high traffic.
      4376 Mall Dr, Tupelo, MS 38804
      View Details
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    1015 Green St
    Tupelo, MS 38804
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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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