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    Property profile & analytics

    406 1st Ave Shelby, MS 38774

    • Retail space
    • 1,274 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US50-1455153
    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

    • Retail space

    Property Details for 406 1st Ave

    Year built
    1930
    Property size
    1,274 SF
    Property type
    Retail space
    APN
    38-12-035-06-00500-
    APU
    38120350600500

    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
    33.9512
    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
    $1,193
    -
    $2,250
    $5,700
    $7,950

    Comparable in this City

    • Value Estimation by Request

      1107 Lk St

      RETAIL STORES (PERSONAL SERVICES)
      1107 Lk St, Shelby, MS 38774
      View Details
    • Value Estimation by Request
      4,262 SF

      1000 Beale St

      RETAIL STORES (PERSONAL SERVICES) • 4,262 SF
      1000 Beale St, Shelby, MS 38774
      View Details
    • Value Estimation by Request
      2,460 SF

      1301 Broadway St

      RETAIL STORES (PERSONAL SERVICES) • 2,460 SF
      1301 Broadway St, Shelby, MS 38774
      View Details
    • Value Estimation by Request
      5,502 SF

      Broadway St

      RETAIL STORES (PERSONAL SERVICES) • 5,502 SF
      Broadway St, Shelby, MS 38774
      View Details
    • Value Estimation by Request
      1,712 SF

      1305 Broadway St

      RETAIL STORES (PERSONAL SERVICES) • 1,712 SF
      1305 Broadway St, Shelby, MS 38774
      View Details
    • Value Estimation by Request
      7,061 SF

      1904 Broadway St

      RETAIL STORES (PERSONAL SERVICES) • 7,061 SF
      1904 Broadway St, Shelby, MS 38774
      View Details
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    406 1st 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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