Property profile

562 Windmill St Grenada, MS 38901

OFF-MARKET
Warehouses
Property ID
US50-1147604
2,400 SF Built 1966
Entity Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 562 Windmill Street in Grenada, Mississippi, presents a unique investment opportunity. The 2,300 square foot building, constructed in 1966, sits on commercially zoned land (APN: 109z 32 08500) and is priced at $265,000 ($115.22 per square foot). The property boasts a versatile layout, combining approximately 600 square feet of indoor office space with roughly 1,700 square feet of shop space. Features include two large bay doors—one with a loading dock and the other with a ramp—enhancing functionality and accessibility. The shop area also includes a convenient half bath. The property is fully fenced with a remote-control gate, ensuring security. Inside, you'll find three separate office spaces, a kitchenette, and an additional half-bath. An 8-camera security system is included in the sale. The property offers easy access, with doors measuring 10-15 feet in height, and two employee restrooms are available. This prime location, just off Highway 51, offers high visibility and excellent potential for a variety of businesses. This is a turnkey opportunity for an entrepreneur seeking a well-equipped and secure commercial space.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1966
Total area 2,400 SF
APN 109Z 32 085.00
UPID US50-1147604

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
  • Telecommunications Service Construction Company

Location

562 Windmill St Grenada, MS 38901-9383
Grenada metro Census 950102 GRENADA, MS MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$160k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$150k

Owner & transaction history

since 2018
2 recorded transactions
2018
Price N/A
2017
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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