Property profile

534 Main St Tupelo, MS 38804

OFF-MARKET
Office buildings
Property ID
US50-0602854
2,712 SF 0.3 ac lot Built 1900
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 4675-square-foot commercial property, the historic Rankin House, is ideally situated in downtown Tupelo, Mississippi. Named after US House Representative John E. Rankin, this building offers a unique blend of historical charm and modern functionality. The property boasts a fully equipped commercial kitchen, perfect for a restaurant or catering business. Multiple first-floor rooms provide ample space for various uses, with convenient front, back, and side entrances leading to outdoor areas. Upstairs, living quarters offer additional potential for residential use or expansion of the business. Recent updates ensure the property is move-in ready for its new owner. A large wrap-around deck is ideal for outdoor dining or events, complemented by a spacious back courtyard lawn area. The property's versatility makes it suitable for a combination of businesses, such as a restaurant, apartment, gift shop, or office space. Convenient street-front parking is available for customers and employees. A full basement provides additional storage or development opportunities. All information is subject to verification. This is a rare opportunity to own a piece of Tupelo's history and establish a thriving business in a prime downtown location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1900
Total area 2,712 SF
Lot 0.3 ac (13,224 SF)
APN 089K-31-288-01
UPID US50-0602854

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

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

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$525k

Owner & transaction history

since 2025
1 recorded transaction
2025
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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