Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5162 Clf Gookin Blvd Tupelo, MS 38801-7059
    Property profile & analytics

    5162 Clf Gookin Blvd, Tupelo, MS 38801-7059

    View on Map
    • Medical Office Space
    • 2,592 SF
    Off-Market
    Last Sale Aug 19, 2024
    Property ID
    US50-0310411
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Animal Care Center of Tupelo / Veterinary Clinic
    • Key-Russell Shelly DVM / Veterinary Clinic

    Property Details for 5162 Clf Gookin Blvd

    Year built
    1978
    Construction
    STEEL FRAME
    Property size
    2,592 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    102T-03-012-00
    APU
    102T0301200

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tupelo
    County
    Lee
    State
    Mississippi
    Longitude
    -88.7715
    Latitude
    34.2442
    CBSA code
    46180
    CBSA name
    TUPELO, MS MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,070
    $0.00
    $0.00
    $52,823
    -
    $50,000
    $302,150
    $352,150

    Comparable in this City

    • Value Estimation by Request

      Tupelo, MS 38801

      MEDICAL CLINIC
      Tupelo, MS 38801
      View Details
    • Value Estimation by Request
      10,513 SF

      1265 Clf Gookin Blvd

      MEDICAL BUILDING • 10,513 SF
      1265 Clf Gookin Blvd, Tupelo, MS 38801-6749
      View Details
    • Value Estimation by Request

      Tupelo, MS 38801

      MEDICAL CLINIC
      Tupelo, MS 38801
      View Details
    • Value Estimation by Request
      10,400 SF

      4326 Eason Blvd

      MEDICAL BUILDING • 10,400 SF
      4326 Eason Blvd, Tupelo, MS 38801-6516
      View Details
    • Value Estimation by Request
      3.90 Acres

      961 Gloster St

      MEDICAL BUILDING • 3.90 Acres
      961 Gloster St, Tupelo, MS 38801-6343
      View Details
    • Value Estimation by Request

      Tupelo, MS 38801

      MEDICAL CLINIC
      Tupelo, MS 38801
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.95 Acres

      Commercial Corner Lot in Tupelo

      Nearly one-acre commercial corner lot suitable for various developments.
      Senter St, Tupelo, MS 38801
      View Details
    • Contact for pricing
      11,031 SF

      Hospital-Leased Ambulatory Surgery Center

      Single-tenant ASC leased to North Mississippi Medical Center.
      2089 Southridge Dr, Tupelo, MS 38801
      View Details
    • $795,000
      5,456 SF

      Tupelo Commercial Property For Sale

      Versatile commercial building near NMMC Hospital, suitable for medical or office.
      1464 Medical Park Cir, Tupelo, MS 38801
      View Details
    • $475,000
      3,225 SF

      High-Visibility Medical Office Building

      Well-appointed medical office near North Mississippi Medical Center.
      Tupelo, MS 38801
      View Details
    • $180,000
      4,200 SF

      Tupelo Mixed-Use Investment Property

      Mixed-use property featuring two leased warehouses with office space.
      1225 Nelle St, Tupelo, MS 38801
      View Details
    • $999,590
      12,070 SF

      Commercial Property in High-Traffic Area

      Well-maintained commercial property in Tupelo with high traffic counts.
      1993 Mccullough Blvd, Tupelo, MS 38801
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr

      Mixed-Use Complex in Saltillo

      36,000 SF mixed-use complex with medical and commercial spaces.
      119 City Market Dr, Saltillo, MS 38801
      View Details
    • $115 SF/Yr

      Redeveloped Retail and Office Space

      Retail and office spaces available for lease after redevelopment.
      4970 Raymond Ave, Tupelo, MS 38801
      View Details
    • $16 SF/Yr

      Professional Office Complex Space Available

      Modernized office spaces available in a multi-tenant professional complex.
      144 S Thomas St, Tupelo, MS 38801
      View Details
    • $16 SF/Yr
      1,140 SF

      Office Space in Tupelo

      Office space available for lease in Tupelo, Mississippi.
      144 S Thomas St, Tupelo, MS 38801
      View Details
    • $17 SF/Yr

      New Retail and Office Center

      New 23,000+ sq ft shopping center in Tupelo, MS.
      1507 W Main St, Tupelo, MS 38801
      View Details
    • $20 SF/Yr
      2,082 SF

      Office Space in Tupelo

      Office space available for lease in Tupelo, Mississippi.
      495 S Gloster St, Tupelo, MS 38801
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5162 Clf Gookin Blvd
    Tupelo, MS 38801-7059
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5162 Clf Gookin Blvd, Tupelo, MS, 38801
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!