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    Five Star Realty

    225 Starlyn Ave., New Albany, MS 38652
    (662) 534-5025
    Web Site
    Size: 10+ agents

    Agents

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    Kentucky

    Mississippi

    Property Types

    • Land
    • Commercial Sale

    Listings

    For Sale (36)

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    Homesite in Gated Golf Community
    $39,900
    0.59 Acres

    Homesite in Gated Golf Community

    Homesite in Kite Cove, Kirkwood National Golf Club.

    Kite Cv, Holly Springs, MS 38635
    View details
    Etta, MS Acreage Available
    $65,000
    12.01 Acres

    Etta, MS Acreage Available

    12.01 acre tract suitable for building a house.

    State Hwy 355, Etta, MS 38627
    View details
    Downtown Falkner Mixed-Use Brick Building
    $375,500
    5,572 SF

    Downtown Falkner Mixed-Use Brick Building

    Mixed-use brick building with living quarters and income-producing store.

    10150 Cr 200, Falkner, MS 38629
    View details
    Lake Mohawk Water View Lot
    $59,900
    0.57 Acres

    Lake Mohawk Water View Lot

    0.57 acre lot with water views on Lake Mohawk.

    County Road 633, Booneville, MS 38829
    View details
    Lake Mohawk Lots For Sale
    Contact for pricing

    Lake Mohawk Lots For Sale

    Two lots with lake access, utilities ready for building.

    635 Cr, Booneville, MS 38829
    View details
    Land on Paved Road
    $127,700
    28.38 Acres

    Land on Paved Road

    28.38 acres of land available in Etta, Mississippi.

    State Hwy 355 Hwy, Etta, MS 38627
    View details
    Cleared Lot in Gated Community
    Contact for pricing

    Cleared Lot in Gated Community

    Cleared lot with power and water in gated community.

    10 Co Rd 633, Booneville, MS 38829
    View details
    Vacant Land in Morgantown, KY
    Contact for pricing
    0.85 Acres

    Vacant Land in Morgantown, KY

    Residential land available for building a dream home.

    20 Swift Rd, Morgantown, KY 42261
    View details
    Morgantown, KY Vacant Land
    $39,000
    2.50 Acres

    Morgantown, KY Vacant Land

    2.5 acre vacant land with utilities available in Morgantown.

    Monford Rd, Morgantown, KY 42261
    View details
    Unrestricted Land with Utilities
    Contact for pricing
    1.11 Acres

    Unrestricted Land with Utilities

    1.107 acres of unrestricted land with utilities available.

    Potts Camp Rd, Potts Camp, MS 38659
    View details
    35 Acres in West Union
    $105,090
    35.03 Acres

    35 Acres in West Union

    35.03 acres in North Mississippi, West Union School District.

    Cr7, Myrtle, MS 38650
    View details
    70 Acres in Holly Springs
    $299,500
    70.00 Acres

    70 Acres in Holly Springs

    Versatile 70-acre tract ideal for development, recreation, or estate.

    Mississippi 4, Holly Springs, MS 38635
    View details
    Unrestricted Land Available
    $30,000
    2.03 Acres

    Unrestricted Land Available

    2.027 acres of unrestricted land with utilities at the road.

    Ford Hill Rd, Potts Camp, MS 38659
    View details
    Unrestricted Land with Shop
    $55,000
    2.00 Acres

    Unrestricted Land with Shop

    Two acres of unrestricted land with a shop building.

    Ford Hill Rd, Potts Camp, MS 38659
    View details
    Ripley, MS Land For Sale
    $221,673
    123.15 Acres

    Ripley, MS Land For Sale

    123.15 acre lot in Tippah County, selling as is.

    500 County Road 556, Ripley, MS 38663
    View details
    Ripley Land on Highway 15
    $100,000
    0.94 Acres

    Ripley Land on Highway 15

    Commercial land with highway frontage ready for new construction.

    Ripley, MS 38663
    View details
    Residential Lot in Oakgrove Estates
    Contact for pricing
    0.73 Acres

    Residential Lot in Oakgrove Estates

    0.73 acre lot ready for your dream home.

    Ripley, MS 38663
    View details
    Land for Residential Development
    $110,600
    24.57 Acres

    Land for Residential Development

    24.57 acre lot suitable for residential development.

    State Hwy 355 Hwy, Etta, MS 38627
    View details
    Commercial Outparcel Near Tractor Supply
    $475,000
    0.75 Acres

    Commercial Outparcel Near Tractor Supply

    Commercial land outparcel located on corner of Park Plaza Drive.

    Park Plaza Dr, New Albany, MS 38652
    View details
    Land for Residential Development
    $326,040
    62.77 Acres

    Land for Residential Development

    62.77 acres in West Union school district.

    Hwy 349, New Albany, MS 38652
    View details
    Commercial Lot Near I-22
    $1,199,610
    1.85 Acres

    Commercial Lot Near I-22

    1.85 acre commercial lot at I-22 and Bratton Road.

    Bratton Rd, New Albany, MS 38652
    View details
    8-Acre Vacant Land Near Bremen
    $65,000
    8.00 Acres

    8-Acre Vacant Land Near Bremen

    8 acres of land perfect for building and hunting.

    Parcel 086-00-00-027.001 Morgan Rickard Ln, Central City, KY 42330
    View details
    5 Acres of Vacant Land
    $49,000
    5.00 Acres

    5 Acres of Vacant Land

    Five acres in Beaver Dam, Kentucky, ideal for homesteading.

    Horton Spur, Beaver Dam, KY 42320
    View details
    13 Acres on Highway 349
    $123,500
    13.00 Acres

    13 Acres on Highway 349

    13-acre tract with road frontage, pond, and utilities available.

    349 Hwy, Potts Camp, MS 38659
    View details
    46 Acre Country Paradise
    $220,000
    900 SF

    46 Acre Country Paradise

    46 acre farm/estate with cabin near Beaver Dam, KY.

    2861 Vine Hill Rd, Beaver Dam, KY 42320
    View details
    Land with Lake View
    $39,900
    2.00 Acres

    Land with Lake View

    2.5 acre lot with road frontage and water view.

    Cr 371, New Albany, MS 38652
    View details
    Land for Residential Development
    $55,900
    11.18 Acres

    Land for Residential Development

    11.18 acre lot suitable for building a home.

    State Hwy 355, Etta, MS 38627
    View details
    Land for Residential Development, Hunting
    $112,500
    24.99 Acres

    Land for Residential Development, Hunting

    24.99 acre lot suitable for building or recreation.

    State Hwy 355 Hwy, Etta, MS 38627
    View details
    Land with Green River Access
    $92,500
    19.28 Acres

    Land with Green River Access

    19.28 acre land with deeded Green River access.

    153-3-4 Old Cabin Ln, Beaver Dam, KY 42320
    View details
    Etta, MS Land Parcel
    $60,600
    12.34 Acres

    Etta, MS Land Parcel

    12.34 acre building plot in Union County.

    County Road 32, Etta, MS 38827
    View details
    Land for Sale in Ecru
    $75,000
    4.64 Acres

    Land for Sale in Ecru

    Wooded 4.64-acre lot near North Pontotoc School property.

    Central Ave, Ecru, MS 38841
    View details
    Land Near Sardis Lake
    $55,000
    11.10 Acres

    Land Near Sardis Lake

    11.1+/- acre lot near Sardis Lake, Lafayette County.

    County Road 515, Como, MS 38619
    View details
    Commercial Land on Highway 15
    $100,000
    0.56 Acres

    Commercial Land on Highway 15

    Level lot suitable for new business in high-traffic area.

    Ripley, MS 38663
    View details
    Four Acre Building Lots
    $69,000
    4.00 Acres

    Four Acre Building Lots

    Four acre vacant land building lots available for purchase.

    Carbondale Rd, Dawson Springs, KY 42431
    View details
    Park Plaza Dr, New Albany, MS 38652
    Contact for pricing

    Park Plaza Dr, New Albany, MS 38652

    Commercial land

    Park Plaza Dr, New Albany, MS 38652
    View details
    Downtown Falkner Brick Building
    Contact for pricing

    Downtown Falkner Brick Building

    Brick building with multiple possibilities, living quarters, and income potential.

    10150 County Road 200, Falkner, MS 38629
    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
    Five Star Realty
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