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    Better Homes and Gardens Real Estate Traditions

    987 Mill Street, Lucedale, MS 39452
    (601) 466-5201
    Web Site
    Size: under 10 agents

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    Property Types

    • Land
    • Commercial Sale

    Listings

    For Sale (20)

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    Lucedale Land with RV Setup
    $34,900
    0.49 Acres

    Lucedale Land with RV Setup

    Two lots with RV barn and utilities in Cedar Creek.

    196 Cedar Creek Rd, Lucedale, MS 39452
    View details
    Lucedale Retail Opportunity on Main
    $230,000
    4,200 SF

    Lucedale Retail Opportunity on Main

    Prime retail space with high visibility on Main Street.

    5140 Main St, Lucedale, MS 39452
    View details
    Lucedale Commercial Land For Sale
    $159,000
    2.20 Acres

    Lucedale Commercial Land For Sale

    2.2 acres of commercial land in Lucedale, Mississippi.

    2.2 Acres Hwy 613, Lucedale, MS 39452
    View details
    Lucedale Land Ready For Construction
    $52,000
    2.35 Acres

    Lucedale Land Ready For Construction

    2.35 acres of cleared land near Hwy 98.

    +/- 2.35Ac Brushy Crk Rd, Lucedale, MS 39452
    View details
    Lucedale Land on Cooks Corner
    $35,000
    4.40 Acres

    Lucedale Land on Cooks Corner

    4.4 acres near Highway 63, Lucedale, MS.

    Cooks Corner Rd, Lucedale, MS 39452
    View details
    Lucedale Land with Creek Access
    $299,000
    30.84 Acres

    Lucedale Land with Creek Access

    30.84 acres in Lucedale, MS, ideal for recreation.

    M M Cochran Rd, Lucedale, MS 39452
    View details
    Lucedale Land with Creek
    $100,000
    10.35 Acres

    Lucedale Land with Creek

    10.35 acres of vacant land with creek.

    10.35 Ac Barton Agricola Rd, Lucedale, MS 39452
    View details
    Lucedale Land For Sale
    $129,000
    3.00 Acres

    Lucedale Land For Sale

    3 acres with highway frontage near industrial park.

    3ac Highway 198, Lucedale, MS 39452
    View details
    Lucedale Land in Growing Area
    $54,900
    3.78 Acres

    Lucedale Land in Growing Area

    3.78-acre property in southeast George County, Agricola School District.

    3.78Ac Cottonwood Dr, Lucedale, MS 39452
    View details
    80 Acres Wooded Land Lucedale
    $499,000
    80.00 Acres

    80 Acres Wooded Land Lucedale

    80+/- acres of wooded land in Southeast George County.

    80+/-Ac Little Cedar Rd, Lucedale, MS 39452
    View details
    Land For New Home Construction
    $54,000
    3.00 Acres

    Land For New Home Construction

    3-acre land perfect for building a new construction home.

    Marshall Smith Rd, Lucedale, MS 39452
    View details
    Commercial Land Next to Walmart
    $450,000
    1.00 Acre

    Commercial Land Next to Walmart

    Commercial land for sale in high-traffic Lucedale location.

    S Parcel 2, Lucedale, MS 39452
    View details
    Lucedale Commercial Land For Sale
    $550,000
    1.00 Acre

    Lucedale Commercial Land For Sale

    Commercial land available next to Walmart in Lucedale, Mississippi.

    S Parcel 3, Lucedale, MS 39452
    View details
    Lucedale Commercial Development Opportunity
    $499,000
    5.80 Acres

    Lucedale Commercial Development Opportunity

    5.8-acre cleared tract on Highway 26, Lucedale, MS.

    18125 Highway 26 W, Lucedale, MS 39452
    View details
    Lucedale Land with Highway Frontage
    $249,900
    20.00 Acres

    Lucedale Land with Highway Frontage

    20+/- acres with highway frontage, ideal for building or investment.

    20+/-Ac Summerour Rd, Lucedale, MS 39452
    View details
    Lucedale, MS Land Opportunity
    $428,000
    10.74 Acres

    Lucedale, MS Land Opportunity

    10+ acre parcel with highway access near Lucedale.

    10 Ac Hwy 63, Lucedale, MS 39452
    View details
    Lucedale Land in Growing Area
    $79,000
    6.01 Acres

    Lucedale Land in Growing Area

    6.01 acre lot in desirable southeast George County.

    6.01Ac Little Cedar Rd, Lucedale, MS 39452
    View details
    Lucedale Land in Growing Area
    $114,900
    10.34 Acres

    Lucedale Land in Growing Area

    10.34 acre property in the desirable New Little Cedar subdivision.

    10.34Ac Little Cedar Rd, Lucedale, MS 39452
    View details
    Main Street Commercial Gem
    $350,000
    6,000 SF

    Main Street Commercial Gem

    Versatile Lucedale Property, High Potential

    5138 Main St, Lucedale, MS 39452
    View details
    Main Street Retail Opportunity
    $230,000
    4,000 SF

    Main Street Retail Opportunity

    Versatile 4000+ sq ft retail space on Main Street.

    5140 Main St, Lucedale, MS 39452
    View details

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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
    Better Homes and Gardens Real Estate Traditions
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