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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    721 Main St Columbia, MS 39429-2939

    • Commercial real estate
    • 18,553 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-1770063
    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 721 Main St

    Property size
    18,553 SF
    Property type
    Commercial real estate
    APN
    164-05-215-05-025
    APU
    1640521505025

    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
    Columbia
    County
    Marion
    State
    Mississippi
    Longitude
    -89.8356
    Latitude
    31.253

    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
    $6,085
    $0.00
    $0.00
    $35,525
    -
    $32,020
    $204,810
    $236,830

    Comparable in this City

    • Value Estimation by Request

      1112 Moore St

      Commercial real estate
      1112 Moore St, Columbia, MS 39429
      View Details
    • Value Estimation by Request
      924 SF

      Columbia, MS 39429

      COMMERCIAL (GENERAL) • 924 SF
      Columbia, MS 39429
      View Details
    • Value Estimation by Request
      3,108 SF

      Columbia, MS 39429

      COMMERCIAL (GENERAL) • 3,108 SF
      Columbia, MS 39429
      View Details
    • Value Estimation by Request
      2,880 SF

      Columbia, MS 39429

      COMMERCIAL (GENERAL) • 2,880 SF
      Columbia, MS 39429
      View Details
    • Value Estimation by Request
      1,500 SF

      1175 Game Reserve Rd

      COMMERCIAL (GENERAL) • 1,500 SF
      1175 Game Reserve Rd, Columbia, MS 39429-9227
      View Details
    • Value Estimation by Request
      3,200 SF

      218 High School Ave

      COMMERCIAL (GENERAL) • 3,200 SF
      218 High School Ave, Columbia, MS 39429-3402
      View Details

    Similar Nearby for Sale

    • $99,000

      Columbia Commercial Property - Huge Potential

      Versatile Commercial Space, Two Homes, MS
      1112 Moore St, Columbia, MS 39429
      View Details
    • $175,000

      High-Traffic Columbia Commercial Building

      Versatile 7000 sq ft building, ample parking.
      413 High School Ave, Columbia, MS 39429
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    • $199,000

      Historic Columbia Commercial Building

      Prime Main Street location, adaptable space.
      800 Main St, Columbia, MS 39429
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    • $349,000

      Columbia Commercial Trio - High Visibility

      Three Storefronts, Prime Location, Income Potential
      412 High School Ave, Columbia, MS 39429
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    • $55,000
      11.00 Acres

      11 Acres in Rural Columbia

      Land with open space, ideal for building or farming.
      Highway 43, Columbia, MS 39429
      View Details
    • $32,500
      5.00 Acres

      Lush Pasture Land For Sale

      5-acre pasture land with road frontage in Columbia, Mississippi.
      9 5.0 Acres Fire Tower Rd, Columbia, MS 39429
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    Similar Nearby for Lease

    • $3,340 /Mo
      2,000 SF

      Retail Space Available for Lease

      Retail spaces available for lease, various sizes.
      771 Old Highway 98 East, Columbia, MS 39429
      View Details
    • $2,450 /Mo
      2,450 SF

      Versatile Commercial Building in Columbia

      2450 sq ft commercial space suitable for various business types.
      70 Columbia Purvis Rd, Columbia, MS 39429
      View Details
    • $2,200 /Mo
      9,807 SF

      Retail Space in Columbia, MS

      Retail space available in Columbia, MS, former dollar store location.
      412 S High School Ave, Columbia, MS 39429
      View Details
    • $10 SF/Yr
      1,250 SF

      Retail Space Available For Lease

      Retail space available for lease, 1250 square feet.
      1473 Highway 98 E, Columbia, MS 39429
      View Details
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    721 Main St
    Columbia, MS 39429-2939
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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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