Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    127 Commerce St Natchez, MS 39120-3253
    Back to Search
    Property profile & analytics

    127 Commerce St, Natchez, MS 39120-3253

    View on Map
    • Theaters & concert halls
    • 5,925 SF
    • 0.15 lot acres
    Off-Market
    Last Sale Jun 9, 2021
    Property ID
    US50-0678011
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Theaters & concert halls

    Property Details for 127 Commerce St

    Year built
    1870
    Lot size
    0.15 lot acres
    Property type
    Theaters & concert halls
    APN
    0004 0004 0003
    APU
    400040003

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 9, 2021 — Franklin Commerce LLC The Historic Natchez Foundation Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Natchez
    County
    Adams
    State
    Mississippi
    Longitude
    -91.4016
    Latitude
    31.56
    CBSA code
    35020
    CBSA name
    NATCHEZ, MS-LA 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
    $945
    $2,708
    $2,954
    $5,662
    -
    $18,050
    $19,690
    $37,740

    Comparable in this City

    • Value Estimation by Request
      6,384 SF

      513 Main St

      THEATER (MOVIE)
      513 Main St, Natchez, MS 39120-3300
      View Details
    • Value Estimation by Request
      298.00 Acres

      Truly Lk Rd

      FISH CAMPS, GAME TARGET SHOOTING
      Truly Lk Rd, Natchez, MS 39120
      View Details
    • Value Estimation by Request
      76.00 Acres

      3938 Cannonsburg Rd

      FISH CAMPS, GAME TARGET SHOOTING
      3938 Cannonsburg Rd, Natchez, MS 39120
      View Details
    • Value Estimation by Request
      56.00 Acres

      Church Hl Rd

      FISH CAMPS, GAME TARGET SHOOTING
      Church Hl Rd, Natchez, MS 39120
      View Details
    • Value Estimation by Request
      792 SF

      Chapel Hl Rd

      FISH CAMPS, GAME TARGET SHOOTING
      Chapel Hl Rd, Natchez, MS 39120
      View Details
    • Value Estimation by Request
      98.00 Acres

      370 White Rd

      FISH CAMPS, GAME TARGET SHOOTING
      370 White Rd, Natchez, MS 39120
      View Details

    Similar Nearby for Sale

    • $60,000
      0.78 Acres

      Vacant Lot in Natchez, MS

      Vacant lot in established Natchez neighborhood with mature trees.
      Gloucester Rd, Natchez, MS 39120
      View Details
    • $179,000
      3,000 SF

      Highway 61 Natchez Commercial Property

      Prime Natchez location, high visibility, ample space.
      939 Highway 61, Natchez, MS 39120
      View Details
    • Contact for pricing

      10.62 Acres of Land

      10.62 acres of land available for sale.
      21 Southview Dr, Natchez, MS 39120
      View Details
    • Contact for pricing
      5,000 SF

      Thriving Event Venue & Wedding Barn

      Event venue on 3 acres, suitable for various events.
      398 Greenfield Rd, Natchez, MS 39120
      View Details
    • Contact for pricing
      2,450 SF

      Versatile Commercial Property with Warehouse

      Commercial property featuring offices and a large warehouse area.
      235 Highway 61, Natchez, MS 39120
      View Details

    Similar Nearby for Lease

    • $4,000 /Mo
      4,000 SF

      Retail Space in Natchez, MS

      4,000 sq ft retail space for rent in Natchez.
      414 Highway 61 N, Natchez, MS 39120
      View Details
    • Contact for pricing
      3,080 SF

      Medical Office Shell Space

      3,080 SF shell space in Class A medical office.
      46 Sgt Prentiss Pkwy, Natchez, MS 39120
      View Details
    • Contact for pricing

      Retail Space in Tunica Center

      Retail spaces available near Tunica Resorts & Casinos.
      1062 Highway 61 N, North Tunica, MS 39120
      View Details
    • Contact for pricing

      Downtown Natchez Renovated Office Space

      Recently renovated office space for lease in downtown Natchez.
      104 S Wall St, Natchez, MS 39120
      View Details
    • Contact for pricing

      Northgate Shopping Center Retail Space

      Retail spaces available in Northgate Shopping Center.
      105 Northgate Rd, Natchez, MS 39120
      View Details
    • Contact for pricing
      3,500 SF

      Retail Space in Natchez Mall

      Retail space available in established Natchez Mall.
      350 John Junkin Dr, Natchez, MS 39120
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    127 Commerce St
    Natchez, MS 39120-3253
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    127 Commerce St, Natchez, MS, 39120
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!