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

    405 Commerce Ave Canton, MS 39046

    • Warehouses
    • 40,300 SF
    • 2.80 lot acres
    For Lease
    View listing
    $4 SF/Yr
    Last Sale
    Dec 01, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0675617
    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

    • Warehouses

    Property Details for 405 Commerce Ave

    Year built
    1976
    Lot size
    2.80 lot acres
    Property size
    40,300 SF
    Property type
    Warehouses
    APN
    093D-20A-402
    APU
    093D20A402

    Description

    This exceptional 40,000-square-foot warehouse in Canton, Mississippi, presents a significant opportunity for industrial businesses. Situated on a 2.8-acre lot in Madison County, this single-tenant property offers ample space and convenient access. The building boasts a substantial 160' x 250' footprint, providing efficient layout options. Loading and unloading are facilitated by three 10' x 10' dock-high doors, supplemented by additional grade-level doors (two 14' x 16', one 10' x 12', and one 10' x 10' box truck level door). The warehouse features a spacious 20,000-square-foot paved parking area. Inside, the clear height reaches 20 feet at the peak and 14 feet at the eaves, with 25' x 40' column spacing. Robust power infrastructure is in place, including 3-phase 600-amp service. The property is located at 405 Commerce Avenue, Canton, MS 39046. This warehouse is currently vacant and ready for immediate occupancy.

    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
    Canton
    County
    Madison
    State
    Mississippi
    Longitude
    -90.0072
    Latitude
    32.618
    CBSA code
    27140
    CBSA name
    JACKSON, MS METROPOLITAN 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
    $4,548
    $0.00
    $0.00
    $30,918
    -
    $67,900
    $138,220
    $206,120

    Comparable in this City

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    • Value Estimation by Request
      2,420 SF

      Nn Sq Aly

      WAREHOUSE, STORAGE • 2,420 SF
      Nn Sq Aly, Canton, MS 39046
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    • Value Estimation by Request
      9,666 SF

      Canton, MS 39046

      MINI-WAREHOUSE, STORAGE • 9,666 SF
      Canton, MS 39046
      View Details
    • Value Estimation by Request
      1,500 SF

      Canton, MS 39046

      MINI-WAREHOUSE, STORAGE • 1,500 SF
      Canton, MS 39046
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    • Value Estimation by Request
      2,500 SF

      435 Soldier Colony Rd

      WAREHOUSE, STORAGE • 2,500 SF
      435 Soldier Colony Rd, Canton, MS 39046-9069
      View Details
    • Value Estimation by Request
      14,000 SF

      831 Peace St

      Distribution properties • 14,000 SF
      831 Peace St, Canton, MS 39046
      View Details

    Similar Nearby for Sale

    • $5,300,000
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      Canton, MS Industrial Warehouse

      88,000 SF Warehouse, Value-Add Opportunity
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    • Contact for pricing
      238,150 SF

      Canton Warehouse/Distribution Property For Sale

      238,150 SF warehouse/distribution property with 28 dock doors.
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    • $749,000
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      Canton Industrial Flex Property

      14,000 SF industrial flex property near I-55.
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    • $4,250,000
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      Canton Industrial Warehouse Investment

      Multi-tenant warehouse, 84,147 SF
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    • $850,000
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      Industrial Truck Repair Facility

      7,200 SF industrial facility on 5+ acres.
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    • $8,505,350
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      Prime Canton Land: I-55 Access

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    Similar Nearby for Lease

    • Contact for pricing
      1 SF

      Canton Warehouse - 1.5 Acres

      Mississippi industrial space for lease. Five loading docks.
      425 Un Ext St, Canton, MS 39046
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    • $9 SF/Yr
      20,372 SF

      Canton Warehouse - I-55 Access

      20,372 SF Warehouse, Excellent Location
      277 Soldiers Colony Rd, Canton, MS 39046
      View Details
    • $4 SF/Yr
      40,000 SF

      Canton Warehouse: 40,000 SF

      Large warehouse, ideal for industrial use.
      405 Commerce Ave, Canton, MS 39046
      View Details
    • $4 SF/Yr
      53,847 SF

      Industrial Property Near Nissan Plant

      Industrial space with office, dock doors, and yard space.
      252 Yandell Ave, Canton, MS 39046
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    • $400 /Mo
      600 SF

      Canton Flex Space For Rent

      Flex space units near Madison County Mega-Site available for rent.
      1799 W Peace St, Canton, MS 39046
      View Details
    • $1,250,000
      Pending

      Canton Commercial Building For Lease

      30,000 SF building suitable for warehouse, retail, or grocery.
      1150 E Peace St, Canton, MS 39046
      View Details
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    405 Commerce Ave
    Canton, MS 39046
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    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
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