Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    925 Theobald St Greenville, MS 38701

    Property Lookup

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

    925 Theobald St Greenville, MS 38701

    View on Map
    • Commercial real estate
    • 7,500 SF
    • 0.21 lot acres
    Off-Market
    Property ID
    US50-0422377
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 925 Theobald St

    Year built
    1979
    Lot size
    0.21 lot acres
    Property size
    7,500 SF
    Property type
    Commercial real estate

    Description

    This bank-owned, 20-unit apartment building presents a compelling value-add opportunity in Greenville, Mississippi. Located at 925 S Theobald St, this 7,500 square foot property sits on a 0.21-acre lot and boasts a compelling pro-forma cap rate of 39.07% and a projected NOI of $234,000. Built in 1979, the two-story Class C building is currently vacant, offering a blank canvas for renovation and repositioning. The property features separate electric meters, city water and sewer, and presents significant upside potential for the savvy investor. Priced at $599,000 ($29,950 per unit and $79.87 per square foot), this REO property is a handyman special, ideal for an investor seeking a hands-on project with substantial returns. The property's location offers convenient access to Lake Ferguson and downtown Greenville. Owner financing is available with a 20% down payment. This is a rare opportunity to acquire a multifamily asset in a desirable location at a significantly discounted price. The property's current vacant status allows for immediate implementation of a value-add strategy, maximizing rental income and overall return on investment. Don't miss this chance to capitalize on this exceptional investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Washington
    State
    Mississippi
    Longitude
    -91.065945845136
    Latitude
    33.398502264457

    Comparable in this City

    • Contact for pricing
      3,446 SF

      Spacious Office Complex For Sale

      Large office complex with reception area and multiple offices.
      1417 Trailwood Dr, Greenville, MS 38701
      View Details
    • $150,000
      3 SF

      Commercial Land with Highway Access

      Three-acre commercial land with easy highway access and fencing.
      753 North Broadway St, Greenville, MS 38701
      View Details
    • Contact for pricing

      Vacant Land with Pecan Trees

      Vacant land featuring pecan trees and highway exposure.
      000 Highway 1 South GREENVILLE MS, Greenville, MS 38701
      View Details
    • $385,000

      Downtown Greenville Land For Sale

      Commercial land available near the Federal Building in downtown Greenville.
      124 S Broadway St, Greenville, MS 38701
      View Details
    • Contact for pricing

      Commercial Lot with Highway Frontage

      Prime commercial lot suitable for restaurant or retail development.
      00 Highway 1 S Greenville MS USA, Greenville, MS 38701
      View Details
    • Contact for pricing
      4,600 SF

      Commercial Building with Showroom

      Commercial building featuring a showroom, work areas, and storage.
      327 Ms-1, Greenville, MS 38701
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,446 SF

      Spacious Office Complex For Sale

      Large office complex with reception area and multiple offices.
      1417 Trailwood Dr, Greenville, MS 38701
      View Details
    • $150,000
      3 SF

      Commercial Land with Highway Access

      Three-acre commercial land with easy highway access and fencing.
      753 North Broadway St, Greenville, MS 38701
      View Details
    • Contact for pricing

      Vacant Land with Pecan Trees

      Vacant land featuring pecan trees and highway exposure.
      000 Highway 1 South GREENVILLE MS, Greenville, MS 38701
      View Details
    • $385,000

      Downtown Greenville Land For Sale

      Commercial land available near the Federal Building in downtown Greenville.
      124 S Broadway St, Greenville, MS 38701
      View Details
    • Contact for pricing

      Commercial Lot with Highway Frontage

      Prime commercial lot suitable for restaurant or retail development.
      00 Highway 1 S Greenville MS USA, Greenville, MS 38701
      View Details
    • Contact for pricing
      4,600 SF

      Commercial Building with Showroom

      Commercial building featuring a showroom, work areas, and storage.
      327 Ms-1, Greenville, MS 38701
      View Details

    Similar Nearby for Lease

    • $150 SF/Yr

      Office Space For Lease

      Office space available for lease in a good location.
      2311 Muzzi Rd, Greenville, MS 38701
      View Details
    • Contact for pricing

      Office Space For Lease

      Office space available in high-traffic area near mall.
      1513 Ms-1, Greenville, MS 38701
      View Details
    • $8 SF/Yr
      3,234 SF

      Retail Space For Lease

      Retail space available for lease in Greenville, Mississippi.
      641 Highway 1 South, Greenville, MS 38701
      View Details
    • Contact for pricing

      Prime Retail/Office Space Available

      Retail/office space in prime location with flexible layout options.
      1634 Ms-1, Greenville, MS 38701
      View Details
    • Contact for pricing

      Retail Space on Highway 1

      5,460 SF retail space with high visibility location.
      643 Ms-1, Greenville, MS 38701
      View Details
    • $8 SF/Yr

      Retail Space For Lease

      Retail space available for lease at $8 per SF.
      641 Highway 1 South, Greenville, MS 38701
      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.
    925 Theobald St
    Greenville, MS 38701
    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.
    Sign Up Successful!
    You now have access to more from Realmo!