Property profile

1211 Raceway Rd Greenville, MS 38703

OFF-MARKET
Warehouses
Property ID
US50-0536244
8,000 SF 1.4 ac lot Built 1981
Entity Owned Free & Clear
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Property summary

AI-generated overview

This Greenville, Mississippi industrial property, located at 1211 S Raceway Rd, offers 19,660 square feet of versatile space ideal for distribution, manufacturing, or warehousing. Priced at $432,500, this fee simple ownership opportunity includes three buildings on a 2.12-acre lot (APN: 484000000 & 484110000). The property features two units, all on a single story, and is zoned for commercial use. A former machine shop, the property boasts approximately 2,500 square feet of executive/sales office space and a larger, heated and cooled 10,160 square foot shop area. Significant heavy equipment remains, including rolling cranes and numerous workstation hoists. Several conex containers are located at the rear of the property. One loading dock and one dock-high door are present. This move-in ready facility presents a unique opportunity for a variety of industrial uses. The property is vacant and ready for immediate occupancy. This is a prime location in Greenville, MS, with easy access to major transportation routes. The property's existing infrastructure and equipment offer significant value for a discerning buyer.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1981
Total area 8,000 SF
Lot 1.4 ac (60,984 SF)
APN 484000000
UPID US50-0536244

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
  • Auto Repair Shop

Location

1211 Raceway Rd Greenville, MS 38703-8208
Greenville metro Census 1400 GREENVILLE, MS MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$645k

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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