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

    307 Mclemore St Greenwood, MS 38930-4535

    • Office buildings
    • 2,159 SF
    • 0.26 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-1586037
    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

    • Office buildings

    Property Details for 307 Mclemore St

    Year built
    1910
    Lot size
    0.26 lot acres
    Property size
    2,159 SF
    Property type
    Office buildings
    APN
    8510041101400
    APU
    8510041101400

    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
    Greenwood
    County
    Leflore
    State
    Mississippi
    Longitude
    -90.1761
    Latitude
    33.5202
    CBSA code
    24900
    CBSA name
    GREENWOOD, 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
    $585
    $1,500
    $3,455
    $4,955
    -
    $15,000
    $34,545
    $49,545

    Comparable in this City

    • Value Estimation by Request
      704 SF

      1401 Carrollton Ave

      OFFICE BUILDING • 704 SF
      1401 Carrollton Ave, Greenwood, MS 38930
      View Details
    • Value Estimation by Request
      8,073 SF

      200 Cotton St

      OFFICE BUILDING • 8,073 SF
      200 Cotton St, Greenwood, MS 38930-4308
      View Details
    • Value Estimation by Request
      1,603 SF

      3903 Hwy 82nd E

      OFFICE BUILDING • 1,603 SF
      3903 Hwy 82nd E, Greenwood, MS 38930-7425
      View Details
    • Value Estimation by Request
      915 SF

      Howard St

      OFFICE BUILDING • 915 SF
      Howard St, Greenwood, MS 38930
      View Details
    • Value Estimation by Request
      1,113 SF

      1805 Strong Ave

      OFFICE BUILDING • 1,113 SF
      1805 Strong Ave, Greenwood, MS 38930-3913
      View Details
    • Value Estimation by Request
      2,132 SF

      306 Washington St

      OFFICE BUILDING • 2,132 SF
      306 Washington St, Greenwood, MS 38930-4516
      View Details

    Similar Nearby for Sale

    • $1,400,000
      7,152 SF

      Commercial Property on Highway 82

      Commercial property in Greenwood, MS, located on Highway 82.
      1907 U.S 82 Hwy W, Greenwood, MS 38930
      View Details
    • $850,000
      4,700 SF

      Greenwood Office Building For Sale

      Office building in a high-traffic location near retail.
      2001 Highway 82, Greenwood, MS 38930
      View Details
    • $322,000
      6,640 SF

      Versatile Commercial Building on Highway

      6,640 SF commercial building on 0.84 acres with highway visibility.
      201 Highway 7 N, Greenwood, MS 38930
      View Details
    • $160,000
      10.23 Acres

      Greenwood MS Commercial Land

      10.23 Acres, High Visibility, $160K
      3701 Us-49S, Greenwood, MS 38930
      View Details
    • $199,500
      76.00 Acres

      76 Acres Greenwood Hunting Land

      Mississippi hunting & timber investment. Excellent recreational property.
      0 Browning Road Ext, Greenwood, MS 38930
      View Details
    • $997,000

      Home Hardware Investment Opportunity

      Regional tenant leased property with no landlord responsibility.
      715 Highway 82 E, Greenwood, MS 38930
      View Details

    Similar Nearby for Lease

    • $1,300 /Mo
      1,103 SF

      Greenwood, MS Retail/Office Space

      High-visibility commercial space in Greenwood, MS with flexible build-out options.
      100 E Claiborne Ave, Greenwood, MS 38930
      View Details
    • $750 /Mo
      1,103 SF

      High-Visibility Office Space Available

      Prime office space in Greenwood, MS with flexible build-out.
      102 E Claiborne Ave, Greenwood, MS 38930
      View Details
    • $2,273 /Mo
      1,564 SF

      Greenwood Medical Complex Office Space

      Renovated office space in high-visibility Greenwood Medical Complex.
      702 W Highway 82, Greenwood, MS 38930
      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.
    307 Mclemore St
    Greenwood, MS 38930-4535
    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.