Property profile

422 Riverwind Dr Pearl, MS 39208

OFF-MARKET
Retail space
Property ID
US50-0301768
33,494 SF 2.53 ac lot Built 1999
Entity Owned 9-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional retail property, located at 422 Riverwind Dr, Pearl, MS 39208, presents a compelling investment opportunity. The 33,610 square foot building, constructed in 2000 and renovated in 2022, sits on a 3.1-acre lot and boasts a prime location with excellent visibility from Interstate 20, near the Pearson Road interchange. Currently housing four tenants, including Launch Trampoline (vacating upon sale), C Spire Wireless, Rockin’ Nutrition, and High Cotton Wellness, the property offers a unique blend of existing income and redevelopment potential. The three remaining tenants occupy approximately 6,000 square feet and generate a combined gross monthly rent of just under $11,000. The building's strategic location benefits from proximity to major retailers such as Bass Pro Shops, Sam's Club, and Cinemark Tinseltown, as well as numerous hotels and restaurants. This presents a strong owner-user opportunity for a business requiring approximately 26,621 square feet, or an investor can capitalize on the existing tenants and lease the vacant space to a new tenant. The property is zoned for commercial use and features a single-story building with a gross lease type and multi-tenancy structure. The current occupancy rate is 20%. This is a rare chance to acquire a well-situated retail property with significant upside potential in a thriving Mississippi market.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1999
Total area 33,494 SF
Lot 2.53 ac (110,207 SF)
APN E08E000023 00090
UPID US50-0301768

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
  • Arcade & Gaming Center Family Recreation Center
  • Mobile Phone Store Electronics & Wireless Store
  • Restaurant
  • (Bike/Boat/Book/etc) Store

Location

422 Riverwind Dr Pearl, MS 39208-5900
Pearl metro Census 20705 JACKSON, MS METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.22M
Blend (final) Blend
$4.22M

Owner & transaction history

since 2017
1 recorded transaction
2017
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $3.8M +31.9%
Commercial (general) $3.0M +2.5%

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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