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Property profile & analytics
OFF-MARKET
Super regional malls

907 Memorial Blvd Picayune, MS 39466-4635

3,850 SF 0.23 ac lot Built 1987
Entity Owned Absentee Owner Free & Clear
Property ID
US50-0826645
Property summary
AI-generated overview

This exceptional investment property, located at 907 Memorial Boulevard in Picayune, Mississippi, offers a rare opportunity to acquire a well-maintained, two-unit commercial building. Boasting a total of 3,850 square feet on a 0.23-acre lot, this property benefits from a highly desirable location directly on Memorial Boulevard, ensuring excellent visibility and accessibility. The building currently houses one long-term tenant (approximately 26 years) occupying half of the structure. This tenant's space includes two offices and a half-bathroom. The other half of the building presents a significant opportunity for additional income generation through leasing or redevelopment. Recent improvements significantly enhance the property's value and reduce future maintenance concerns. The roof was completely replaced in February 2024, ensuring long-term protection. Furthermore, both HVAC systems in each unit have been replaced within the last three to five years, providing efficient and reliable climate control. This property is priced at $525,000 and represents a strong investment opportunity with significant potential for return. The combination of a prime location, existing tenancy, and recent upgrades makes this a truly compelling proposition for discerning investors seeking a stable and profitable addition to their portfolio. The property's size and layout offer flexibility for a variety of commercial uses.

Property profile
Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1987
Total area 3,850 SF
Lot 0.23 ac (10,140 SF)
APN 6176140040403800
UPID US50-0826645
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
RUSCAT PROPERTIES LCC
RUSCAT PROPERTIES LCC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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