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    For Sale (23)

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    Braxton Land for Sale
    $133,500
    13.30 Acres

    Braxton Land for Sale

    13.3 acre tract of land in Braxton, Mississippi.

    Harrisville Braxton Rd, Braxton, MS 39044
    View details
    Pearl, MS Commercial Land
    $385,000
    3.18 Acres

    Pearl, MS Commercial Land

    Highly visible commercial land in the East Metro Corridor District.

    Old Brandon Rd, Pearl, MS 39208
    View details
    5 Acre Parcel Near Highway
    $50,000
    5.00 Acres

    5 Acre Parcel Near Highway

    5 acre partially wooded lot off HWY 13 outside Mendenhall.

    120 Mary Bertie Dr, Mendenhall, MS 39114
    View details
    Expansive Land Parcel in Brandon
    $3,500,000
    436.00 Acres

    Expansive Land Parcel in Brandon

    436-acre land parcel in Brandon, MS, for private estate.

    Shiloh Rd, Brandon, MS 39042
    View details
    40 Acres in Pelahatchie, MS
    $380,000
    40.00 Acres

    40 Acres in Pelahatchie, MS

    Serene 40-acre land parcel in Pelahatchie, Mississippi.

    J C Prestage Rd, Pelahatchie, MS 39145
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    Prime Commercial Land in Pearl
    $4,000,000
    38.00 Acres

    Prime Commercial Land in Pearl

    38+ acres of commercial land zoned I-1 in Pearl, MS.

    871 N Bierdeman Rd, Pearl, MS 39208
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    Mendenhall, MS Acreage Lot
    Contact for pricing
    1.50 Acres

    Mendenhall, MS Acreage Lot

    Private 1.5 acre lot in Mendenhall, Mississippi.

    Highway 13, Mendenhall, MS 39114
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    21.86 Acres in Magee, MS
    $95,000
    21.86 Acres

    21.86 Acres in Magee, MS

    21.86 acre tract near HWY 540, perfect homesite.

    Hosey Rd, Magee, MS 39111
    View details
    Mize, MS Timberland Investment
    $975,000
    488.00 Acres

    Mize, MS Timberland Investment

    488 acre timberland tract near Mize, MS. Investment opportunity.

    02 Highway 28, Mize, MS 39116
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    266 Acres of Timberland
    $530,900
    266.50 Acres

    266 Acres of Timberland

    Hunting and timber land available off Highway 28 in Mize.

    Highway 28, Mize, MS 39116
    View details
    Secluded 49-Acre Recreational Land
    $225,000
    49.00 Acres

    Secluded 49-Acre Recreational Land

    Private, wooded 49-acre property with creek and new pole barn.

    255 Everett Church Rd, Mendenhall, MS 39114
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    Residential Lot in Asbury Estates
    $49,900
    0.63 Acres

    Residential Lot in Asbury Estates

    Spacious lot in Pearl, MS with community amenities.

    Asbury Lane Dr, Pearl, MS 39208
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    Prime Commercial Land Opportunity, Pearl
    $195,000
    3.69 Acres

    Prime Commercial Land Opportunity, Pearl

    3.69 acres of undeveloped commercial land in Pearl, Mississippi.

    Highway 475, Pearl, MS 39208
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    Residential Land in Wooded Area
    $109,900
    4.75 Acres

    Residential Land in Wooded Area

    4.75 acres, ready for a dream home, no HOA.

    Will Stutely Dr, Brandon, MS 39042
    View details
    7.5 Acres Wooded Land Parcel
    $101,250
    7.50 Acres

    7.5 Acres Wooded Land Parcel

    Wooded 7.5-acre parcel for custom home in Florence, MS.

    Cleary Rd, Florence, MS 39073
    View details
    Commercial Land in High-Traffic Area
    $890,000
    6.83 Acres

    Commercial Land in High-Traffic Area

    6.83+/- acre commercial land for retail, office, or mixed-use development.

    Highway 18, Brandon, MS 39042
    View details
    Residential Lot in Pearl, MS
    $42,000
    0.85 Acres

    Residential Lot in Pearl, MS

    Residential lot for building a dream home in Pearl.

    Eldorado Cv, Pearl, MS 39208
    View details
    Residential Land in Florence, MS
    $125,000
    4.00 Acres

    Residential Land in Florence, MS

    4-acre homesite ready for your dream home!

    Ms-469, Florence, MS 39073
    View details
    5 Acre Wooded Land Parcel
    $50,000
    5.00 Acres

    5 Acre Wooded Land Parcel

    5 acre partially wooded land parcel off HWY 13, Mendenhall.

    Mississippi 13, Mendenhall, MS 39114
    View details
    Prime Commercial Land in Florence
    $589,000
    1.83 Acres

    Prime Commercial Land in Florence

    1.83-acre corner parcel with high visibility and accessibility.

    118 Cross Park Dr, Florence, MS 39073
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    High-Visibility Florence Commercial Land
    $399,000
    187,308 SF

    High-Visibility Florence Commercial Land

    4.3 Acres, Hwy 49 Frontage, C3 Zoning

    00 Highway 49, Florence, MS 39073
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    Prime Commercial Land For Sale
    Contact for pricing
    79,715 SF

    Prime Commercial Land For Sale

    1.83-acre corner parcel with high visibility and accessibility.

    118 Cross Park Dr, Florence, MS 39073
    View details
    Prime Commercial Land on Parkway
    $4,000,000
    1,655,280 SF

    Prime Commercial Land on Parkway

    38+ acres of commercial land near West Rankin Parkway.

    871 North Bierdeman Rd, Pearl, MS 39208
    View details

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    Havard Real Estate Group, LLC
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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
    Havard Real Estate Group, LLC
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