Property profile

315 Magazine St Tupelo, MS 38804

OFF-MARKET
Office buildings
Property ID
US50-0435923
2,494 SF Built 1975
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This 651-square-foot office space is located in the heart of Historic Downtown Tupelo, Mississippi, at 315 Magazine Street, one block from Main Street. The building, constructed in 1975 and renovated in 2022, offers a Class B office environment within a single-building, 2,748-square-foot complex (APN: 089P-31-095-00). The suite features a reception lobby, a spacious 12' x 16' office or conference room, a kitchen, a break area, and a private restroom. Utilities are included in the rent. The landlord is willing to make improvements for qualified tenants. The property benefits from a combination of public and private parking and is surrounded by city roads, including West Main Street, and enhanced sidewalks. Its prime location places it near financial institutions, legal offices, restaurants, retail businesses, and municipal services. It's also conveniently close to the Fairpark District, a successful urban redevelopment project and entertainment hub. This versatile space is suitable for executive, traditional, or medical office uses. The property is multi-tenant.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1975
Total area 2,494 SF
APN 089P-31-095-00
UPID US50-0435923

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Alternative Medicine Practice
  • Law Firm Insurance Agency

Location

315 Magazine St Tupelo, MS 38804-3974
Tupelo metro Census 950700 TUPELO, MS MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2023
Last sale
$280,000
4 recorded transactions
2025
Price N/A
2023
Price N/A
2021
Price N/A
2019
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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