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    61312 Highway 278 Amory, MS 38821

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    61312 Highway 278 Amory, MS 38821

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    • Manufacturing properties
    • 10.50 lot acres
    For Sale
    View Listing →
    183,859 SF Industrial Opportunity For Sale
    Contact for pricing
    183,859 SF

    183,859 SF Industrial Opportunity

    183,859 SF industrial property available for sale or lease.

    61312 HWY 278, Amory, MS 38821
    View Listing
    Property ID
    US50-1805729
    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

    • Manufacturing properties

    Property Details for 61312 Highway 278

    Lot size
    10.50 lot acres
    Property type
    Manufacturing properties
    APN
    3120-10-000-037.01
    APU
    31201000003701

    Description

    This expansive retail property, located at 61312 Hwy 278 in Amory, Mississippi, offers 179,506 square feet of commercial space. Built in 1968, the property sits on a substantial 12.8-acre lot, providing ample room for expansion or additional development. The building boasts 18 dock doors, facilitating efficient loading and unloading operations. Parking is readily available with 25 standard car parking spaces and 32 trailer parking spaces, ensuring convenient access for customers and employees. The property is equipped with 3-phase power, catering to the needs of various businesses. Its prime highway location in Monroe County, Mississippi, zip code 38821 (latitude 33.9450534, longitude -88.414005), ensures high visibility and accessibility for a wide customer base. This substantial property presents a significant opportunity for investors and businesses seeking a large-scale retail presence in a well-established area. The property is currently for sale and offers a unique chance to acquire a well-positioned commercial asset with significant potential. The combination of size, location, and features makes this an attractive investment opportunity.

    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
    Amory
    County
    Monroe
    State
    Mississippi
    Longitude
    -88.4143
    Latitude
    33.9448

    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

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      1.20 Acres

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      205,229 SF

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      183,859 SF

      183,859 SF Industrial Opportunity

      183,859 SF industrial property available for sale or lease.
      61312 Highway 278, Amory, MS 38821
      View Details
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      360,241 SF

      Amory Industrial Facility For Sale

      360,241 SF industrial facility located in Amory, Mississippi.
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      45,095 SF

      Amory Warehouse on 3.3 Acres

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      183,859 SF

      Amory Warehouse Space for Lease

      184,393 SF warehouse/distribution facility on US Hwy 278.
      61312 Highway 278 E, Amory, MS 38821
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    • $525,000
      9,530 SF

      Commercial Property on Hwy 278E

      Commercial property with store, apartment, warehouse, office, and storage.
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    Similar Nearby for Lease

    • Contact for pricing

      Industrial Space Available For Lease

      45,095 SF industrial space with 3-phase power.
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      Available Commercial Space in Amory

      183,859 SF available for lease or sale.
      61312 Us-278, Amory, MS 38821
      View Details
    • Contact for pricing

      Amory Commercial Property with Yard

      360,241 SF available for lease or sale with laydown yard.
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    • $5 SF/Yr
      22,400 SF

      Retail Space in Established Center

      Retail space in a shopping center with national tenant anchors.
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    View Listing
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    61312 Highway 278
    Amory, MS 38821
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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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