Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    405 1st St Laurel, MS 39440

    • Grocery and convenience stores
    • 2,340 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Dec 30, 2020
    Location Intelligence
    Property ID
    US50-0609021
    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

    • Grocery and convenience stores

    Property Details for 405 1st St

    Year built
    1970
    Construction
    WOOD
    Lot size
    0.23 lot acres
    Property size
    2,340 SF
    Property type
    Grocery and convenience stores
    APN
    118D-05-15-002.00
    APU
    118D051500200

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Laurel
    County
    Jones
    State
    Mississippi
    Longitude
    -89.1228
    Latitude
    31.6895
    CBSA code
    29860
    CBSA name
    LAUREL, 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
    $1,654
    $0.00
    $0.00
    $9,669
    -
    $10,500
    $53,960
    $64,460

    Comparable in this City

    • Value Estimation by Request
      3,200 SF

      4006 Hwy 15th N

      GROCERY, SUPERMARKET • 3,200 SF
      4006 Hwy 15th N, Laurel, MS 39440-1030
      View Details
    • Value Estimation by Request
      1,250 SF

      1712 Hwy 84th W

      GROCERY, SUPERMARKET • 1,250 SF
      1712 Hwy 84th W, Laurel, MS 39440-3204
      View Details
    • Value Estimation by Request
      1,904 SF

      838 Chantilly St

      GROCERY, SUPERMARKET • 1,904 SF
      838 Chantilly St, Laurel, MS 39440-3647
      View Details
    • Value Estimation by Request
      1,440 SF

      1621 10th St

      GROCERY, SUPERMARKET • 1,440 SF
      1621 10th St, Laurel, MS 39440-2541
      View Details
    • Value Estimation by Request
      1,848 SF

      228 1st St

      GROCERY, SUPERMARKET • 1,848 SF
      228 1st St, Laurel, MS 39440-4008
      View Details
    • Value Estimation by Request
      1,500 SF

      2404 5th Ave

      GROCERY, SUPERMARKET • 1,500 SF
      2404 5th Ave, Laurel, MS 39440-2354
      View Details

    Similar Nearby for Sale

    • $1,231,382
      9,026 SF

      Dollar General Net Lease Investment

      Mississippi Retail Property, Strong NOI
      848 16Th Ave, Laurel, MS 39440
      View Details
    • $375,000
      2,891 SF

      Prime Retail Space in Laurel

      Commercial property with four units leased to stable businesses.
      1250 W 1St St, Laurel, MS 39440
      View Details
    • $1,700,000
      29,620 SF

      Mixed-Use Investment Property in Laurel

      29,620 SF storage facility with retail and billboard.
      4129 Mississippi 15, Laurel, MS 39440
      View Details
    • $60,000
      1,080 SF

      Retail Space in Laurel, MS

      Former laundromat near intersection of 16th Ave and Hwy 11.
      1316 S 16Th Ave, Laurel, MS 39440
      View Details
    • $285,000
      2,000 SF

      High-Visibility Commercial Property, Laurel, MS

      Versatile commercial property with high visibility and development potential.
      121 N 15Th Ave, Laurel, MS 39440
      View Details
    • $775,000
      9,470 SF

      Mixed-Use Property in Laurel, MS

      9470 sq ft mixed-use property with residential and commercial spaces.
      437 N Magnolia St, Laurel, MS 39440
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,766 SF

      Retail Space in Pinetree Village

      End-cap retail space in active shopping center.
      2205 Highway 15 N, Laurel, MS 39440
      View Details
    • $10 SF/Yr
      1,164 SF

      Retail Space in Laurel, MS

      Retail space available for lease in Laurel, Mississippi.
      1500 N 5Th Ave, Laurel, MS 39440
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in Prime Location

      2,000 SF retail space in a thriving commercial corridor.
      3236 Audubon Dr, Laurel, MS 39440
      View Details
    • Contact for pricing
      2,500 SF

      Move-in Ready Retail Space

      2,500 SF retail space with flexible layout in Laurel.
      3110 Audubon Dr, Laurel, MS 39440
      View Details
    • $9 SF/Yr
      9,000 SF

      9,000 SF Retail/Warehouse Space

      Retail and warehouse space available for lease.
      2031 Highway 15 N, Laurel, MS 39440
      View Details
    • $2,880 /Mo
      12,900 SF

      Laurel Flex Space with Storage

      Flex space featuring warehouse and covered storage in Laurel, MS.
      20 Service Blvd, Laurel, MS 39440
      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.
    405 1st St
    Laurel, MS 39440
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.