Technical
Financial
Distress signals
Property profile

431 W Main St Tupelo, MS 38804

FOR LEASE
Banks
Property ID
US50-0571791
23,649 SF 2.04 ac lot Built 1965
Entity Owned 3-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Loan Service Bank
  • Employment Agency
  • Loan Service Bank
  • Consultant Mortgage Lender
  • Loan Service Bank

Location

431 W Main St Tupelo, MS 38804
Tupelo metro Census 950700 TUPELO, MS MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2022
1 recorded transaction
2022
Price N/A

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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