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Property profile & analytics
FOR LEASE
Banks

431 W Main St Tupelo, MS 38804

23,649 SF 2.04 ac lot Built 1965
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US50-0571791
Property summary
AI-generated overview

This exceptional office building, located at 431 W Main St, Tupelo, MS 38804, offers multiple upscale suites ideal for executive or medical practices. The 50,000 square foot Class B building, renovated in 2020, boasts a prime location in the city's central business district (CBD), anchored by First American National Bank and surrounded by a diverse mix of businesses including architecture, construction, engineering, government services, legal, and financial firms. Three available spaces range from 900 to 5,775 contiguous square feet, providing flexibility for various business needs. The building features a desirable tenant mix and benefits from a rare private parking lot in the CBD, along with convenient access to a full-service post office, four major banks, numerous restaurants, and retail shops. Each suite offers a thoughtfully designed layout, including multiple private offices, a conference room, training room, bullpen area, large kitchenette, and three private bathrooms. Modern amenities include LED lighting, ample natural light, and three points of entry/exit, including two private entrances and an exclusive waiting/lobby area. Tenant improvement allowances (TIA) and finish-to-suit options are available for qualified tenants. Property taxes are $0.56 per square foot. The building is zoned MUCC and includes elevators. The 2.5-acre site provides ample space and parking. This is a truly remarkable opportunity to secure prestigious office space in a thriving Tupelo location.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1965
Construction STEEL FRAME
Total area 23,649 SF
Lot 2.04 ac (88,938 SF)
APN 089P-31-006-00
UPID US50-0571791
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Phillip Hankins at CrossCountry Mortgage | NMLS# 104705 Loan Service Bank
  • Swift Staffing Employment Agency
  • Mortgage Solutions Financial Tupelo Loan Service Bank
  • CrossCountry Mortgage Consultant Mortgage Lender
  • Geremy Reese - Cross Country Mortgage Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Tupelo 6 LLC · 3 yrs held
Tupelo 6 LLC
since 2022
1 recorded transaction
2022
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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