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    201 Alabama St Columbus, MS 39702-5203
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    Property profile & analytics

    201 Alabama St Columbus, MS 39702-5203

    View on Map
    • Warehouses
    • 3,600 SF
    • 15.40 lot acres
    Off-Market
    Property ID
    US50-0524119
    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

    • Food Giant / Grocery & Convenience Store / Food Market
    • Citi Trends / Men'S Clothing Store / Plus Size Clothing Store
    • Rainbow Shops / Clothing & Fashion Store
    • Hibbett Sports / Clothing & Fashion Store / (Bike/Boat/Book/etc) Store
    • Triangle Vending / Big Box & Wholesale Store

    Property Details for 201 Alabama St

    Year built
    2018
    Construction
    WOOD
    Lot size
    15.40 lot acres
    Property size
    3,600 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    62W100100700
    APU
    62W100100700

    Description

    Gateway Shopping Center, located at 201 Alabama St, Columbus, MS 39702, presents an exceptional leasing opportunity within the Fariview Heights submarket of Lowndes County. This prominent retail center boasts a total building area of 40,600 square feet, situated on a generous 19.12-acre lot. Currently, there are 36,800 square feet of vacant space available, offering flexibility for various business types. The property is ideally suited for restaurants, bars, offices, co-anchor spaces, and junior box retailers. Spaces are divisible to a minimum of 1,200 square feet, with a maximum contiguous space of 24,000 square feet available for lease. This presents a unique chance to establish a presence in a thriving retail environment alongside established national tenants. The property's prime location and ample space make it an attractive option for businesses seeking high visibility and accessibility. The center's multiple tenancy structure provides a diverse and vibrant atmosphere, attracting a broad customer base. This is an excellent opportunity to capitalize on the strong retail market in Columbus, Mississippi. Interested parties should inquire about available space and lease terms.

    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
    Columbus
    County
    Lowndes
    State
    Mississippi
    Longitude
    -88.3829
    Latitude
    33.4979
    CBSA code
    18060
    CBSA name
    COLUMBUS, 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
    $34,425
    $0.00
    $0.00
    $210,486
    -
    $577,500
    $825,740
    $1,403,240

    Comparable in this City

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      8420 Hwy 182nd E

      MINI-WAREHOUSE, STORAGE • 3,600 SF
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      3,240 SF

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      2,000 SF

      2775 Spurlock Rd

      MINI-WAREHOUSE, STORAGE • 2,000 SF
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    • Value Estimation by Request
      3,600 SF

      Lk Lowndes Rd

      MINI-WAREHOUSE, STORAGE • 3,600 SF
      Lk Lowndes Rd, Columbus, MS 39702
      View Details
    • Value Estimation by Request
      2,500 SF

      50 Ward Rd

      MINI-WAREHOUSE, STORAGE • 2,500 SF
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      View Details

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    Similar Nearby for Lease

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      Retail Space Opportunity

      Retail space available, join national tenants.
      201 Alabama St, Columbus, MS 39702
      View Details
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    Columbus, MS 39702-5203
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    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.

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