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    Property profile & analytics

    124 Rd 506 Shannon, MS 38868

    • Retail space
    • 1,120 SF
    • 0.65 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US50-0586968
    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

    • Retail space

    Property Details for 124 Rd 506

    Year built
    1988
    Lot size
    0.65 lot acres
    Property size
    1,120 SF
    Property type
    Retail space
    APN
    1330-07-004-00
    APU
    13300700400

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Shannon
    County
    Lee
    State
    Mississippi
    Longitude
    -88.8226
    Latitude
    34.147
    CBSA code
    46180
    CBSA name
    TUPELO, MS MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $421
    $0.00
    $0.00
    $3,929
    -
    $7,380
    $18,810
    $26,190

    Comparable in this City

    • Value Estimation by Request
      1,200 SF

      Shannon, MS 38868

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      Shannon, MS 38868
      View Details
    • Value Estimation by Request
      2,100 SF

      Shannon, MS 38868

      RETAIL STORES (PERSONAL SERVICES) • 2,100 SF
      Shannon, MS 38868
      View Details
    • Value Estimation by Request
      8,050 SF

      Shannon, MS 38868

      RETAIL STORES (PERSONAL SERVICES) • 8,050 SF
      Shannon, MS 38868
      View Details
    • Value Estimation by Request
      2,232 SF

      Shannon, MS 38868

      RETAIL STORES (PERSONAL SERVICES) • 2,232 SF
      Shannon, MS 38868
      View Details
    • Value Estimation by Request
      3,500 SF

      624 Old Hwy, Unit 45

      RETAIL STORES (PERSONAL SERVICES) • 3,500 SF
      624 Old Hwy, Shannon, MS 38868
      View Details
    • Value Estimation by Request
      2,880 SF

      200 Bynum Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,880 SF
      200 Bynum Ave, Shannon, MS 38868-8613
      View Details

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    • Contact for pricing
      Pending

      Shannon, MS Subdivision Lots

      24 subdivision lots for sale in Shannon, Lee County.
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    124 Rd 506
    Shannon, MS 38868
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    Realmo Value Estimation

    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.

    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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