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    For Sale (16)

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    5-Acre Land Parcel in Forest, MS
    $36,000
    5.30 Acres

    5-Acre Land Parcel in Forest, MS

    5-acre land parcel perfect for building or investment.

    Jimmie Dr, Forest, MS 39074
    View details
    58.2 Acres Hunting Retreat, Pinola
    $169,900
    58.20 Acres

    58.2 Acres Hunting Retreat, Pinola

    Hunting retreat on 58.2 acres in Pinola, Mississippi.

    222 Byrd Rd, Pinola, MS 39149
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    Magee Warehouse and Distribution Center
    $599,900
    25,000 SF

    Magee Warehouse and Distribution Center

    25,000 SF warehouse/distribution center on 8.5 acres.

    315 Baldwin Rd, Magee, MS 39111
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    Established Restaurant with Growth Potential
    $399,000
    3,200 SF

    Established Restaurant with Growth Potential

    Operating restaurant for sale with equipment and expansion opportunity.

    120 E Chadwick Ave, Walnut Grove, MS 39189
    View details
    Residential Land in Magee, MS
    $36,000
    0.96 Acres

    Residential Land in Magee, MS

    Two combined parcels totaling 0.96 acres for residential development.

    1 2Nd St, Magee, MS 39111
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    Residential Land in Magee, MS
    Contact for pricing
    0.48 Acres

    Residential Land in Magee, MS

    0.48 acre residential land parcel ready for building.

    SE Pinewood Dr, Magee, MS 39111
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    Residential Land in Magee, MS
    Contact for pricing
    0.48 Acres

    Residential Land in Magee, MS

    Residential land for sale, ready to build your dream home.

    1 2Nd St, Magee, MS 39111
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    Magee Commercial Land For Sale
    $99,000
    7.70 Acres

    Magee Commercial Land For Sale

    7.7 acre commercial land with high traffic count.

    Us 49, Magee, MS 39111
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    Recreational Land in Canton, MS
    $39,500
    2.63 Acres

    Recreational Land in Canton, MS

    2.63+/- acres of recreational land, great for outdoor activities.

    Cobbville Rd, Canton, MS 39046
    View details
    Cleared Agricultural Land Homesite
    $67,500
    5.40 Acres

    Cleared Agricultural Land Homesite

    5.4+/- acre cleared homesite zoned agricultural near Byram.

    Midway Rd, Raymond, MS 39154
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    Wooded Lot in Pearl, MS
    $38,500
    1.54 Acres

    Wooded Lot in Pearl, MS

    1.54 acre wooded lot with manufactured homes allowed.

    Monterey Rd, Pearl, MS 39208
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    Prime Commercial Land For Sale
    $775,750
    53.50 Acres

    Prime Commercial Land For Sale

    53+/- acre commercial tract with high visibility and income.

    White Blvd, Pearl, MS 39208
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    10 Acres Ready For Home
    $83,900
    10.00 Acres

    10 Acres Ready For Home

    10 acres ready for a dream home in Utica, MS.

    J D Hood Rd, Utica, MS 39175
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    Pelahatchie Land For Sale
    $55,000
    2.52 Acres

    Pelahatchie Land For Sale

    2.52-acre lot in Pelahatchie ready for a new home.

    398 Wire Rd, Pelahatchie, MS 39145
    View details
    Prime Jackson Retail Space
    $179,900
    4,000 SF

    Prime Jackson Retail Space

    High-potential retail building, 4,000 sq ft

    4470 Sunset Dr, Jackson, MS 39213
    View details
    Prime Byram Commercial Land
    $269,000
    104,108 SF

    Prime Byram Commercial Land

    High-visibility, 2.4-acre lot near Walmart.

    Terry Rd, Byram, MS 39272
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    Turn Key Properties, 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
    Turn Key Properties, LLC
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