Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    700 Martin Luther King Blvd Amory, MS 38821

    • Commercial real estate
    • 0.55 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0134475
    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

    • Commercial real estate

    Property Details for 700 Martin Luther King Blvd

    Lot size
    0.55 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional commercial property presents a unique opportunity to acquire a thriving Amory business. Located on a highly visible corner lot, the 0.55-acre site boasts a well-established restaurant, "The Rib Shack," complete with all fixtures included in the sale. The building features a fully equipped commercial kitchen, ready for immediate operation. The interior includes a comfortable dining area with booths, a dedicated stage area perfect for live entertainment or events, a private office for administrative tasks, and a pleasant outdoor patio. Ample parking is provided by a large asphalt lot, ensuring convenient access for customers. The property also includes a commercial-grade grill, adding to the operational efficiency and capacity of the restaurant. This turnkey operation offers a significant advantage for a prospective buyer looking to enter the Amory market or expand their existing portfolio. The high visibility location and established clientele base make this a truly compelling investment opportunity. The sale includes all existing fixtures and equipment, allowing for a seamless transition and immediate commencement of operations. This is a rare chance to own a successful, established business in a desirable location. Don't miss this chance to own a piece of Amory's vibrant culinary scene.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Amory
    County
    Monroe
    State
    Mississippi
    Longitude
    -88.49562
    Latitude
    33.9839

    Comparable in this City

    • Contact for pricing
      179,506 SF

      Amory Retail Center - Hwy 278

      Large Retail Space, High Visibility, MS
      61312 Highway 278, Amory, MS 38821
      View Details
    • $30,000
      2.80 Acres

      Amory, MS Wooded Acreage

      2.8 acre wooded lot zoned R2 in Amory, MS.
      Parkview Dr, Amory, MS 38821
      View Details
    • Contact for pricing
      45,095 SF

      Amory Warehouse: 45,095 SF

      Spacious Mississippi warehouse, ideal for industrial use.
      212 108Th St, Amory, MS 38821
      View Details
    • $100,000
      7.60 Acres

      Land for Development or Home

      7.6 acres of land suitable for development or residential use.
      7.6 Ac Ritter Rd, Amory, MS 38821
      View Details
    • $238,500
      98.00 Acres

      98 Acres of Recreational Land

      Recreational and investment tract in Monroe County, MS.
      60150 N Harmony Rd, Amory, MS 38821
      View Details
    • $525,000
      9,530 SF

      Commercial Property on Hwy 278E

      Commercial property with store, apartment, warehouse, office, and storage units.
      1213 Highway 278 East, Amory, MS 38821
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      179,506 SF

      Amory Retail Center - Hwy 278

      Large Retail Space, High Visibility, MS
      61312 Highway 278, Amory, MS 38821
      View Details
    • $30,000
      2.80 Acres

      Amory, MS Wooded Acreage

      2.8 acre wooded lot zoned R2 in Amory, MS.
      Parkview Dr, Amory, MS 38821
      View Details
    • Contact for pricing
      45,095 SF

      Amory Warehouse on 3.3 Acres

      45,095 SF warehouse on 3.3 acre lot for sale.
      212 108Th St, Amory, MS 38821
      View Details
    • Contact for pricing
      360,241 SF

      Amory Industrial Facility For Sale

      360,241 SF industrial facility located in Amory, Mississippi.
      60063 Puckett Dr, Amory, MS 38821
      View Details
    • Contact for pricing
      45,095 SF

      Amory Warehouse: 45,095 SF

      Spacious Mississippi warehouse, ideal for industrial use.
      212 108Th St, Amory, MS 38821
      View Details
    • $238,500
      98.00 Acres

      98 Acres of Recreational Land

      Recreational and investment tract in Monroe County, MS.
      60150 N Harmony Rd, Amory, MS 38821
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      179,506 SF

      Amory, MS Industrial Property

      Large Manufacturing/Warehouse Space Available
      61312 Us-278, Amory, MS 38821
      View Details
    • Contact for pricing
      184,393 SF

      Amory Warehouse Space for Lease

      184,393 SF warehouse/distribution facility on US Hwy 278.
      61312 Highway 278 E, Amory, MS 38821
      View Details
    • Contact for pricing
      45,095 SF

      Amory, MS Industrial Property

      45,095 SF Manufacturing/Warehouse
      210 108Th St, Amory, MS 38821
      View Details
    • Contact for pricing
      379,450 SF

      Amory, MS Industrial Property

      Large industrial space for lease/sale in Amory, MS
      60063 Puckett Dr, Amory, MS 38821
      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.
    700 Martin Luther King Blvd
    Amory, MS 38821
    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

    Google sign-in failed. Please try again or use another login method.