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Property profile & analytics
FOR LEASE
Retail space

4970 Raymond Ave Tupelo, MS 38801

10,004 SF Built 1988
Individually Owned 4-yr Hold ~ Est. High Equity
Property ID
US50-0703876
Property summary
AI-generated overview

This exceptional 10,004 square foot retail and office property, located at 4970 Raymond Ave. in Verona, MS (Lee County, zip code 38801), presents a unique investment opportunity. Built in 1988, this single-story building features four suites, offering flexible space options ranging from 1,000 to 8,000 contiguous square feet. The property is currently undergoing redevelopment to enhance its appeal to new tenants. The landlord is actively seeking qualified tenants and is willing to make improvements to accommodate their specific needs. This prime location in Tupelo offers excellent visibility and accessibility, making it ideal for a variety of businesses. The property's APN is 114N-19-001-00. The building's single-story design provides convenient access for both employees and customers. With its strategic location and the landlord's commitment to improvements, this property represents a compelling opportunity for businesses seeking a well-maintained and adaptable space in a thriving market. Available suite sizes include approximately 1,000, 2,000, and 4,000 square feet. Don't miss this chance to secure your ideal space in this revitalized commercial center.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1988
Construction WOOD
Total area 10,004 SF
APN 114N-19-001-00
UPID US50-0703876
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Sj Supermart · 4 yrs held
Sj Supermart
since 2022
2 recorded transactions
2022
Price N/A
2015
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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