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    For Sale (17)

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    Updated Office Space Downtown
    $199,000
    9,614 SF

    Updated Office Space Downtown

    Updated office space with high visibility and live-work option.

    617 Rio St, Jackson, MS 39202
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    Vacant Commercial Lot Near I-55
    $59,900
    0.57 Acres

    Vacant Commercial Lot Near I-55

    Cleared, flat commercial lot with high visibility and easy access.

    1800 S Gallatin St, Jackson, MS 39201
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    Commercial Land Near Airport Road
    $450,000
    6.75 Acres

    Commercial Land Near Airport Road

    6.75 acres with frontage on Highway 80.

    5204 Highway 80 E, Pearl, MS 39208
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    Commercial Land with Former Car Wash
    $319,000
    0.73 Acres

    Commercial Land with Former Car Wash

    A flexible, paved site where the existing car wash structure can be reused, renovated, or removed for multiple commercial uses.

    1635 N Jerry Clower Blvd, Yazoo City, MS 39194
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    Historic Coney Island Cafe Building
    $269,000
    1,176 SF

    Historic Coney Island Cafe Building

    Iconic Hattiesburg cafe building for sale in vibrant downtown.

    400 Main Street Blvd, Hattiesburg, MS 39402
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    2.45 Acre Development Opportunity
    $43,000
    2.45 Acres

    2.45 Acre Development Opportunity

    Undeveloped 2.45-acre parcel with commercial, residential, or agricultural potential.

    Ms-27, Tylertown, MS 39667
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    Residential Land in Gated Community
    $75,000
    0.53 Acres

    Residential Land in Gated Community

    Homesite in Woodlea subdivision with lake views and sunset skies.

    Hallmark Dr, Jackson, MS 39206
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    Rankin County Land Parcel
    $119,000
    6.80 Acres

    Rankin County Land Parcel

    6.8+/- acre parcel in Rankin County, Puckett town limits.

    Highway 13, Mendenhall, MS 39114
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    30.97 Acres on Highway 80
    $292,560
    30.97 Acres

    30.97 Acres on Highway 80

    30.97 acres with frontage on Highway 80 in Jackson.

    Highway 80, Jackson, MS 39201
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    Residential Land in Bellegrass
    $52,000
    0.32 Acres

    Residential Land in Bellegrass

    Ideal lot to build your dream home with vacation amenities.

    2 S Of Fields, Hattiesburg, MS 39402
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    Pelahatchie Land for Homesite
    $115,000
    5.00 Acres

    Pelahatchie Land for Homesite

    5 acre homesite ready for your dream home.

    Noblin Bridge Rd, Pelahatchie, MS 39145
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    Prime Land Opportunity, Jackson, MS
    $450,000
    9.00 Acres

    Prime Land Opportunity, Jackson, MS

    12.12 acres suitable for residential or apartment development.

    51/N State White Oak St, Jackson, MS 39213
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    Residential Land in Lost Rabbit
    $65,000
    0.05 Acres

    Residential Land in Lost Rabbit

    Land in Lost Rabbit Community, Madison, MS. Build your dream home!

    105 Louis Lefleur Blvd, Madison, MS 39110
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    Residential Land in Lost Rabbit
    $48,000
    0.05 Acres

    Residential Land in Lost Rabbit

    Residential land for sale in Lost Rabbit Community.

    238 Lemoyne Blvd, Madison, MS 39110
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    Residential Land in Lost Rabbit
    $48,000
    0.05 Acres

    Residential Land in Lost Rabbit

    Land in Lost Rabbit Community with financing options.

    236 Lemoyne Blvd, Madison, MS 39110
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    Pass Christian Golf Course Lot
    $34,900
    0.24 Acres

    Pass Christian Golf Course Lot

    Cleared, level corner lot on Pass Christian Isles Golf Course.

    1 Poindexter Dr, Pass Christian, MS 39571
    View details
    Prime Commercial Land Opportunity
    Contact for pricing

    Prime Commercial Land Opportunity

    Ideal commercial land for restaurants and other businesses.

    842 Highway 49 N, Richland, MS 39218
    View details

    For Lease (1)

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    Downtown Gulfport Retail Opportunity
    $5,000 / Mo
    2,157 SF

    Downtown Gulfport Retail Opportunity

    Prime retail space in historic downtown Gulfport with buildout options.

    1423 25Th Ave, Gulfport, MS 39501
    View details

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    Prudential Ann Prewitt Realty
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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
    Prudential Ann Prewitt Realty
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