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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3046 Indiana Ave Vicksburg, MS 39180-5252

    • Strip malls
    • 76,340 SF
    • 0.78 lot acres
    OFF-MARKET
    Last Sale
    May 28, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0473793
    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

    • Direct Auto Insurance / Insurance Agency
    • A1 Wine & Liquors / (Bike/Boat/Book/etc) Store / Wine and Liquor Store
    • Oshun Boutique & Tux Shoppe / Clothing & Fashion Store
    • Marijuana Certifications / Medical Clinic
    • AMVETS Drop Box Only / Charitable Organization

    Property Details for 3046 Indiana Ave

    Year built
    1987
    Lot size
    0.78 lot acres
    Property size
    76,340 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    108-4 -27 -2890- -0109.00
    APU
    1084272890010900

    Description

    This exceptional retail opportunity is located in a thriving grocery-anchored center at 3046 Indiana Avenue, Vicksburg, Mississippi. The property boasts a total of 74,591 square feet, with multiple tenants including H&R Block, Planet Fitness, and several other established businesses. Four retail spaces are currently available, ranging from a minimum of 900 square feet to a maximum of 1,860 contiguous square feet. Larger spaces may be possible through reconfiguration. The center enjoys high visibility from Interstate 20, with over 45,000 vehicles passing daily, and benefits from its convenient location just off Indiana Avenue, which sees approximately 9,000 vehicles per day. This Class B property offers significant foot traffic and is ideally situated within a bustling commercial area. The building consists of one structure and is situated in Warren County. The available spaces present a fantastic chance to establish or expand a retail business in a high-traffic location with strong existing tenants. The property is well-maintained and offers a variety of possibilities for prospective tenants. Currently, 5,608 square feet of space is vacant.

    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
    Vicksburg
    County
    Warren
    State
    Mississippi
    Longitude
    -90.8642
    Latitude
    32.3292
    CBSA code
    46980
    CBSA name
    VICKSBURG, 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
    $117,577
    $0.00
    $0.00
    $766,472
    -
    $1,744,140
    $3,365,670
    $5,109,810

    Comparable in this City

    • Value Estimation by Request
      96,983 SF

      1800 Frontage Rd

      SHOPPING CENTER, STRIP CENTER • 96,983 SF
      1800 Frontage Rd, Vicksburg, MS 39180-5254
      View Details
    • Value Estimation by Request
      4,293 SF

      1825 Frontage Rd

      SHOPPING CENTER, STRIP CENTER • 4,293 SF
      1825 Frontage Rd, Vicksburg, MS 39180-5178
      View Details
    • Value Estimation by Request
      7,466 SF

      3412 Pemberton Sq Blvd

      SHOPPING CENTER, STRIP CENTER • 7,466 SF
      3412 Pemberton Sq Blvd, Vicksburg, MS 39180-5541
      View Details
    • Value Estimation by Request
      249,644 SF

      3505 Pemberton Sq Blvd

      SHOPPING CENTER, STRIP CENTER • 249,644 SF
      3505 Pemberton Sq Blvd, Vicksburg, MS 39180-5537
      View Details
    • Value Estimation by Request
      10,341 SF

      3440 Halls Fry Rd

      SHOPPING CENTER, STRIP CENTER • 10,341 SF
      3440 Halls Fry Rd, Vicksburg, MS 39180-5504
      View Details
    • Value Estimation by Request
      14,448 SF

      2222 Frontage Rd

      SHOPPING CENTER, STRIP CENTER • 14,448 SF
      2222 Frontage Rd, Vicksburg, MS 39180-5271
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      69,950 SF

      Pemberton Plaza Retail Space Available

      Retail space for lease in high-traffic shopping center.
      3403 Pemberton Square Blvd, Vicksburg, MS 39180
      View Details
    • $39,900
      2,400 SF

      Vicksburg Commercial Building For Sale

      Commercial building suitable for office, retail, or service businesses.
      3121 Washington St, Vicksburg, MS 39180
      View Details
    • Contact for pricing

      Vicksburg Flex Space: I-20 Frontage

      High-Visibility Flex Space, Ideal Location
      1850 Frontage Rd, Vicksburg, MS 39180
      View Details
    • Contact for pricing
      16,100 SF

      Downtown Vicksburg Retail Space

      Prime Redevelopment Opportunity: 16,100 SF
      1420 Washington St, Vicksburg, MS 39180
      View Details
    • $165,000
      14.39 Acres

      Vicksburg Commercial Land - 14 Acres

      Prime Vicksburg location, 14+ acres, commercial/residential zoning.
      00 Highway 61, Vicksburg, MS 39180
      View Details
    • Contact for pricing
      0.16 Acres

      Residential Lot in Vicksburg, MS

      Vacant lot in R-3 zone, ideal for development.
      00 East Ave, Vicksburg, MS 39180
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      11,877 SF

      Retail Space in High-Traffic Center

      Highly visible retail space with strong co-tenancy and easy access.
      2314 Iowa Blvd, Vicksburg, MS 39180
      View Details
    • $8 SF/Yr
      97,882 SF

      Prominent Shopping Center in Vicksburg

      High-visibility leasing opportunities in historic Vicksburg, Mississippi.
      4000 S Frontage Rd, Vicksburg, MS 39180
      View Details
    • $17 SF/Yr
      1,520 SF

      Retail Space End Cap Location

      Former GameStop store with open layout and rear storage.
      2310 Iowa Blvd, Vicksburg, MS 39180
      View Details
    • $1,262,250

      Freestanding Family Dollar Store

      Freestanding Family Dollar in Vicksburg, MS with corporate guarantee.
      5100 Highway 61 S, Vicksburg, MS 39180
      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.
    3046 Indiana Ave
    Vicksburg, MS 39180-5252
    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.