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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    500 Avery St Cleveland, MS 38732

    • Commercial real estate
    • 1,320 SF
    • 0.12 lot acres
    For Sale
    View listing
    $126,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-1577232
    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

    • Commercial real estate

    Property Details for 500 Avery St

    Lot size
    0.12 lot acres
    Property size
    1,320 SF
    Property type
    Commercial real estate

    Description

    This charming two-unit apartment building in Cleveland, Mississippi presents a fantastic investment opportunity. Located at 500 Avery Street, this property boasts a total of 1,320 square feet situated on a 0.12-acre lot. The building comprises two identical one-bedroom, one-bathroom units, each currently renting for $700 per month, generating a combined monthly income of $1,400. Both units feature attractive hardwood floors. The property is classified as both retail and multifamily, offering versatility and potential for future development. The asking price is $132,000, making this a compelling proposition for investors seeking a strong return on investment in a stable market. The property's location in Bolivar County, Mississippi, provides easy access to local amenities and services. This duplex represents a turnkey investment, ideal for adding to an existing portfolio or for first-time investors seeking a profitable rental property. The property's strong rental history and attractive features make it a highly desirable investment opportunity. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Bolivar
    State
    Mississippi
    Longitude
    -90.7274263
    Latitude
    33.7365648

    Comparable in this City

    • $126,000
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      Cleveland Duplex: Income Property

      Mississippi duplex, two units, $126k.
      315 Bolivar Ave, Cleveland, MS 38732
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    • $1,385,000
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      Cleveland Multifamily Investment Opportunity

      10-unit complex on 3.5 acres, fully leased.
      4140 Highway 8, Cleveland, MS 38732
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    • $169,000
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      Multifamily Investment Opportunity in Cleveland

      Five residential units on one property, great investment opportunity.
      314 S Leflore Ave, Cleveland, MS 38732
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    • $120,000
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      Cleveland Duplex with Income Potential

      Income-generating duplex in Cleveland, MS, featuring two one-bedroom units.
      315 S Bolivar Ave, Cleveland, MS 38732
      View Details
    • $79,000
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      Cleveland MS Residential Income Property

      Duplex in Cleveland, MS with positive monthly income.
      110 S Jones Ave, Cleveland, MS 38732
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    • $99,500
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      Duplex Near Delta State University

      Investment opportunity: duplex near Delta State University in Cleveland, MS.
      1109 N Yale St, Cleveland, MS 38732
      View Details

    Similar Nearby for Sale

    • $126,000
      1,496 SF

      Cleveland Duplex: Income Property

      Mississippi duplex, two units, $126k.
      315 Bolivar Ave, Cleveland, MS 38732
      View Details
    • $1,385,000
      10,000 SF

      Cleveland Multifamily Investment Opportunity

      10-unit complex on 3.5 acres, fully leased.
      4140 Highway 8, Cleveland, MS 38732
      View Details
    • $169,000
      2,928 SF

      Multifamily Investment Opportunity in Cleveland

      Five residential units on one property, great investment opportunity.
      314 S Leflore Ave, Cleveland, MS 38732
      View Details
    • $120,000
      1,496 SF

      Cleveland Duplex with Income Potential

      Income-generating duplex in Cleveland, MS, featuring two one-bedroom units.
      315 S Bolivar Ave, Cleveland, MS 38732
      View Details
    • $79,000
      1,274 SF

      Cleveland MS Residential Income Property

      Duplex in Cleveland, MS with positive monthly income.
      110 S Jones Ave, Cleveland, MS 38732
      View Details
    • $99,500
      1,368 SF

      Duplex Near Delta State University

      Investment opportunity: duplex near Delta State University in Cleveland, MS.
      1109 N Yale St, Cleveland, MS 38732
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Cleveland, MS

      Retail spaces available for lease in redeveloped shopping center.
      419 South St, Cleveland, MS 38732
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    • $14 SF/Yr
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      Retail Space in Delta Square

      Retail space available in high-traffic shopping center.
      207 N Davis Ave, Cleveland, MS 38732
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    • $3,000 /Mo
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      Downtown Cleveland Commercial Property Rental

      Commercial property in downtown Cleveland with an open floor plan.
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    • $1,400 /Mo
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      Cleveland, MS Commercial Space

      Commercial suite available for rent in Cleveland, Mississippi.
      400 N Us-61, Cleveland, MS 38732
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    • $3,000 /Mo

      Downtown Cleveland Retail Space Available

      Commercial property in downtown Cleveland with an open floor plan.
      211 S Sharpe Ave, Cleveland, MS 38732
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    • $15 SF/Yr
      17,990 SF

      Medical/Office Space Near Hospital

      Flexible medical/office suites available near Bolivar County Hospital.
      810 E Sunflower Rd, Cleveland, MS 38732
      View Details
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    500 Avery St
    Cleveland, MS 38732
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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