Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1598 Veterans Memorial Blvd Tupelo, MS 38804

    • Warehouses
    • 3,596 SF
    • 23.90 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-1027654
    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

    • Warehouses

    Property Details for 1598 Veterans Memorial Blvd

    Year built
    1999
    Lot size
    23.90 lot acres
    Property size
    3,596 SF
    Property type
    Warehouses
    APN
    088A-28-039-00
    APU
    088A2803900

    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
    -88.6816
    Latitude
    34.273
    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
    $5,675
    $0.00
    $0.00
    $42,403
    -
    $39,370
    $243,310
    $282,680

    Comparable in this City

    • Value Estimation by Request
      31,706 SF

      590 Commerce St

      WAREHOUSE, STORAGE • 31,706 SF
      590 Commerce St, Tupelo, MS 38804-4010
      View Details
    • Value Estimation by Request
      2,856 SF

      101 Ct St

      WAREHOUSE, STORAGE • 2,856 SF
      101 Ct St, Tupelo, MS 38804-3905
      View Details
    • Value Estimation by Request
      45,000 SF

      Mt Vernon Rd

      WAREHOUSE, STORAGE • 45,000 SF
      Mt Vernon Rd, Tupelo, MS 38804
      View Details
    • Value Estimation by Request
      35,192 SF

      616 Hwy 178th W

      WAREHOUSE, STORAGE • 35,192 SF
      616 Hwy 178th W, Tupelo, MS 38804-6946
      View Details
    • Value Estimation by Request
      2,400 SF

      Tupelo, MS 38804

      WAREHOUSE, STORAGE • 2,400 SF
      Tupelo, MS 38804
      View Details
    • Value Estimation by Request
      4,800 SF

      Tupelo, MS 38804

      WAREHOUSE, STORAGE • 4,800 SF
      Tupelo, MS 38804
      View Details

    Similar Nearby for Sale

    • $354,000
      5,899 SF

      Redevelopment Opportunity Near Medical Center

      Warehouse property suitable for redevelopment, near North Mississippi Medical Center.
      972 S Green St, Tupelo, MS 38804
      View Details
    • $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
    • $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
    • $255,000
      7,100 SF

      Tupelo Warehouse Property for Sale

      7,100 SF warehouse/industrial property available in Tupelo, Mississippi.
      372 Road 1438, Tupelo, MS 38804
      View Details
    • New
      $899,900
      5,800 SF

      Renovated Commercial Space in Tupelo

      Recently renovated commercial property featuring retail, office, and warehouse space.
      794 E Main St, Tupelo, MS 38804
      View Details
    • Contact for pricing
      19,000 SF

      Tupelo Industrial Property with Expansion

      Industrial property featuring pull-thru bays, floor drains, and expansion yard.
      702 N Eason Blvd, Tupelo, MS 38804
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr
      20,000 SF

      Tupelo Industrial Space For Lease

      20,000 SF Manufacturing/Warehouse
      2826 Ms-178, Tupelo, MS 38804
      View Details
    • $3 SF/Yr
      175,000 SF

      Tupelo Warehouse Space Available

      175,000 square foot warehouse space for lease in Tupelo.
      1867 S Veterans Memorial Blvd, 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
    • $375,000
      4,938 SF

      Tupelo Specialty Property For Rent

      Specialty property available for rent in Tupelo, Mississippi.
      1426 E Main St, Tupelo, MS 38804
      View Details
    • Contact for pricing

      Retail Pad Site For Lease

      Retail pad site available for ground lease in Tupelo, MS.
      3982 N Gloster St, Tupelo, MS 38804
      View Details
    • $18 SF/Yr
      2,016 SF

      Retail Space in Tupelo

      Retail space available for lease in Tupelo, Mississippi.
      1167 S Green St, Tupelo, MS 38804
      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.
    1598 Veterans Memorial Blvd
    Tupelo, MS 38804
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.