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    Property profile & analytics

    306 2nd Ave Shelby, MS 38774

    • Turn key restaurants
    • 1,140 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US50-1694583
    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 306 2nd Ave

    Year built
    1934
    Property size
    1,140 SF
    Property type
    Turn key restaurants
    APN
    38-12-035-07-00700-
    APU
    38120350700700

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Shelby
    County
    Bolivar
    State
    Mississippi
    Longitude
    -90.7672
    Latitude
    33.9509
    CBSA code
    17380
    CBSA name
    CLEVELAND, 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
    0
    $0.00
    $0.00
    $0.00
    $3,187
    -
    $2,050
    $19,190
    $21,240

    Comparable in this City

    • Value Estimation by Request

      210 3rd St

      RESTAURANT
      210 3rd St, Shelby, MS 38774
      View Details
    • Value Estimation by Request

      212 3rd St

      RESTAURANT
      212 3rd St, Shelby, MS 38774
      View Details
    • Value Estimation by Request
      2,700 SF

      2nd St

      BAR, TAVERN • 2,700 SF
      2nd St, Shelby, MS 38774
      View Details
    • Value Estimation by Request
      3,000 SF

      Railroad Railroad

      BAR, TAVERN • 3,000 SF
      Railroad Railroad, Shelby, MS 38774
      View Details
    • Value Estimation by Request

      302 3rd St

      VEHICLE SALES, RENTALS
      302 3rd St, Shelby, MS 38774
      View Details
    • Value Estimation by Request

      603 Beall St

      DRY CLEANER
      603 Beall St, Shelby, MS 38774
      View Details
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    306 2nd Ave
    Shelby, MS 38774
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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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