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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

115 12th Ave Laurel, MS 39440-4318

14,220 SF 0.37 ac lot Built 1963
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US50-0492715
Property summary
AI-generated overview

This exceptional commercial property at 115 N 12th Ave, Laurel, MS, offers a substantial 17,773 square feet of space on a sizable .73-acre lot. The split-level building boasts a highly desirable C3 zoning within the central business district, ensuring excellent accessibility and visibility. The structure itself is built on a concrete slab with concrete block walls, offering durability and low maintenance. The attractive faГ§ade features significant plate glass windows, maximizing natural light and creating a modern aesthetic. Ample parking is provided with approximately 30 asphalt spaces. A covered loading dock with an adjacent storage room is located on the east side of the building, enhancing functionality for businesses requiring loading and unloading capabilities. The main level encompasses 7,590 square feet and includes versatile office spaces, restrooms, and a convenient utility room with a sink. Significant recent improvements have been made, including the installation of new epoxy flooring, a comprehensive sprinkler system, and an upgraded electrical panel. Detailed documentation outlining the full scope of these improvements is available. This property presents a rare opportunity for businesses seeking a well-maintained, spacious, and strategically located commercial building in a thriving area.

Property profile
Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 1963
Construction WOOD
Total area 14,220 SF
Lot 0.37 ac (16,100 SF)
APN 119B-06-19-002.00
UPID US50-0492715
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
First Church Of God · 5 yrs held
First Church Of God
since 2020
2 recorded transactions
2020
Price N/A
2018
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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