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    Property profile & analytics

    624 Old Hwy, Unit 45 Shannon, MS 38868

    • Retail space
    • 3,500 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US50-0736202
    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

    • Retail space

    Property Details for 624 Old Hwy

    Year built
    1992
    Construction
    WOOD
    Property size
    3,500 SF
    Property type
    Retail space
    APN
    136T-13-051-00
    APU
    136T1305100

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Shannon
    County
    Lee
    State
    Mississippi
    Longitude
    -88.7198
    Latitude
    34.127
    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
    $1,649
    $0.00
    $0.00
    $12,453
    -
    $22,000
    $61,020
    $83,020

    Comparable in this City

    • Value Estimation by Request
      1,200 SF

      Shannon, MS 38868

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      Shannon, MS 38868
      View Details
    • Value Estimation by Request
      2,100 SF

      Shannon, MS 38868

      RETAIL STORES (PERSONAL SERVICES) • 2,100 SF
      Shannon, MS 38868
      View Details
    • Value Estimation by Request
      8,050 SF

      Shannon, MS 38868

      RETAIL STORES (PERSONAL SERVICES) • 8,050 SF
      Shannon, MS 38868
      View Details
    • Value Estimation by Request
      2,232 SF

      Shannon, MS 38868

      RETAIL STORES (PERSONAL SERVICES) • 2,232 SF
      Shannon, MS 38868
      View Details
    • Value Estimation by Request
      2,880 SF

      200 Bynum Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,880 SF
      200 Bynum Ave, Shannon, MS 38868-8613
      View Details
    • Value Estimation by Request
      3,000 SF

      1192 Trice St

      RETAIL STORES (PERSONAL SERVICES) • 3,000 SF
      1192 Trice St, Shannon, MS 38868-8769
      View Details

    Similar Nearby for Sale

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      Multi-family property featuring three units under lease agreement.
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      View Details
    • $950,000
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      43,000 SF Warehouse - Excellent Location
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    • $220,000
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      Shannon, MS Multi-Family Property

      Four-unit residential income property in Shannon, Mississippi, all currently leased.
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    • $310,000
      53.00 Acres

      Shannon, MS Pasture Land

      53 acres of pasture land in Shannon, Mississippi.
      County Road 154, Pine Grove, MS 38868
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    • Contact for pricing
      Pending

      Shannon, MS Subdivision Lots

      24 subdivision lots for sale in Shannon, Lee County.
      24 Simmons Dr, Shannon, MS 38868
      View Details
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    624 Old Hwy, Unit 45
    Shannon, MS 38868
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    Realmo Value Estimation

    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.

    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.

    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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