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

    832 Highway 19 Meridian, MS 39307

    • Super regional malls
    • 101,888 SF
    • 0.00 lot acres
    For Lease
    View listing
    $6 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0461617
    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

    • Metro by T-Mobile / Cell Phone Accessory Store / Telecommunications Service Provider
    • NFusionX / Youth Organization / Youth Center
    • Roses Discount Store / Home Goods Store / Pet Supply Store
    • Tower Loan / Financial Institution / Loan Agency
    • Young Fashion / Cosmetics Store

    Property Details for 832 Highway 19

    Year built
    1970
    Construction
    WOOD
    Lot size
    0.00 lot acres
    Property size
    101,888 SF
    Property type
    Super regional malls
    APN
    76141053000100100
    APU
    76141053000100100

    Description

    College Park Shopping Center, located at 832 Hwy 19 N in Meridian, Mississippi (zip code 39307), presents a significant retail investment opportunity. This 143,038 square foot shopping center sits on a 10.17-acre lot and is zoned B-3. Originally built in 1971 and renovated in 1989, the property boasts a prime location at the intersection of Hwy 19, Old Hwy 80, and 49th Ave, directly across from Meridian Community College, ensuring high traffic and visibility. Currently, there are 14 available spaces ranging from 600 to 36,206 contiguous square feet, with a total of 106,930 square feet currently vacant. The minimum divisible space is 870 square feet. The center benefits from a strong existing tenant base, including a recently expanded Rose's, which opened in the second quarter of 2024. Ongoing renovations are enhancing the property's appeal. This Lauderdale County property, situated in the Meridian East-Central submarket, offers exceptional potential for growth and return on investment. The property's strategic location and substantial available space make it an ideal opportunity for both established businesses and new ventures seeking a high-traffic location in a thriving community.

    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
    Meridian
    County
    Lauderdale
    State
    Mississippi
    Longitude
    -88.7303
    Latitude
    32.3663
    CBSA code
    32940
    CBSA name
    MERIDIAN, 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
    $63,071
    $0.00
    $0.00
    $354,888
    -
    $420,000
    $1,945,920
    $2,365,920

    Comparable in this City

    • Value Estimation by Request
      3,510 SF

      Hwy 19th N

      REGIONAL SHOPPING CENTER, MALL • 3,510 SF
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    • Value Estimation by Request
      21,100 SF

      2117 Hwy 19th N

      REGIONAL SHOPPING CENTER, MALL • 21,100 SF
      2117 Hwy 19th N, Meridian, MS 39307-4013
      View Details
    • Value Estimation by Request
      11,000 SF

      806 Hwy 19th N

      REGIONAL SHOPPING CENTER, MALL • 11,000 SF
      806 Hwy 19th N, Meridian, MS 39307-5875
      View Details
    • Value Estimation by Request
      7,630 SF

      910 Hwy 19th N

      REGIONAL SHOPPING CENTER, MALL • 7,630 SF
      910 Hwy 19th N, Meridian, MS 39307-5801
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    • Value Estimation by Request
      6,185 SF

      4903 Gate Hls Dr

      REGIONAL SHOPPING CENTER, MALL • 6,185 SF
      4903 Gate Hls Dr, Meridian, MS 39307-4700
      View Details
    • Value Estimation by Request
      21,888 SF

      2514 67th Ave Loop

      REGIONAL SHOPPING CENTER, MALL • 21,888 SF
      2514 67th Ave Loop, Meridian, MS 39307-7259
      View Details

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      Community Shopping Center For Sale

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      Meridian Commercial Property Investment

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    Similar Nearby for Lease

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      College Park Shopping Center Investment

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      Meridian Retail Shopping Center ForRent

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      Meridian Commercial/Industrial Land Site

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    832 Highway 19
    Meridian, MS 39307
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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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