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    Property profile & analytics

    242 1st Ave Blue Springs, MS 38828

    • Turn key restaurants
    • 4,400 SF
    • 0.80 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US50-1094128
    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

    • Turn key restaurants

    Property Details for 242 1st Ave

    Year built
    1988
    Lot size
    0.80 lot acres
    Property size
    4,400 SF
    Property type
    Turn key restaurants
    APN
    137B-26-34 -007.02
    APU
    137B263400702

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Blue Springs
    County
    Pontotoc
    State
    Mississippi
    Longitude
    -88.8458
    Latitude
    34.3616
    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
    $1,480
    $0.00
    $0.00
    $9,075
    -
    $12,500
    $47,999
    $60,499

    Comparable in this City

    • Value Estimation by Request
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      1,500 SF

      33 Main St

      RESTAURANT • 1,500 SF
      33 Main St, Blue Springs, MS 38828
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      665 SF

      1180 Hwy 9th Sl2

      RESTAURANT • 665 SF
      1180 Hwy 9th Sl2, Blue Springs, MS 38828-9171
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      350 SF

      Blue Springs, MS 38828

      RESTAURANT • 350 SF
      Blue Springs, MS 38828
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    • Value Estimation by Request
      26,400 SF

      Lamar St

      Restaurants • 26,400 SF
      0 Lamar St, Blue Springs, MS 38828
      View Details
    • Value Estimation by Request
      1,131 SF

      Blue Springs, MS 38828

      VEHICLE SALES, RENTALS • 1,131 SF
      Blue Springs, MS 38828
      View Details

    Similar Nearby for Sale

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      Land for Dream Home

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    • $199,200
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      Land with Road Frontage

      54 acres of wooded land suitable for building or recreation.
      Crk 278, Blue Springs, MS 38828
      View Details
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    242 1st Ave
    Blue Springs, MS 38828
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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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