Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    - Strickland Rd Waynesboro, MS 39367

    View on Map
    Sponsored
    For Sale
    Pending
    $51,200

    Vacant - Waynesboro, MS

    Lot size:
    16.00 Acres
    Days on Market:
    4
    Last Refresh:
    Mar 10 at 5:06 pm

    Property Features for - Strickland Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Lot size
    16.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Dennis West

    SmallTown Hunting Properties (769) 760-0005

    Listing agent Dennis West (769) 760-0005

    Listing date Mar 6, 2026

    MLS# 36746 Listing URL

    Copyright © 2026 Laurel Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Waynesboro, MS 16 Acre Tract

    This 16-acre tract is located in Wayne County, MS, approximately 20 miles south of Waynesboro. The property offers frontage on Strickland Road and potential cabin or home sites. It is conveniently located within an hour of Laurel and Hattiesburg for dining and entertainment. The terrain is gently rolling, and the land consists mostly of cutover with some scattered trees. Utilities are available at the road. The property is within walking distance of the De Soto National Forest, providing access to thousands of acres for public hunting and recreation. Public fishing is also available less than a half mile away on Thompson Creek. This property is suitable for building a home, starting a mini farm, or as a recreational getaway.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Waynesboro
    County
    Wayne
    State
    Mississippi
    Longitude
    -88.7149
    Latitude
    31.666

    Nearby Similar for Sale

    • $165,000
      2,000 SF

      Versatile Commercial Property in Waynesboro

      Ideally located commercial property suitable for retail or office use.
      902 Court St, Waynesboro, MS 39367
      View Details
    • $165,000
      2,000 SF

      Versatile Commercial Property in Waynesboro

      Ideally located commercial property suitable for various business uses.
      902 Court St, Waynesboro, MS 39367
      View Details
    • Contact for pricing
      1,100 SF

      Waynesboro Office and Retail Space

      Versatile commercial space suitable for office or retail use.
      805 Spring St, Waynesboro, MS 39367
      View Details
    • $565,000
      27.50 Acres

      Waynesboro Country Living Property

      Spacious home on 27.5 acres designed for country living.
      554 Buckatunna Chicora Clara Rd, Waynesboro, MS 39367
      View Details
    • $85,000
      1,360 SF

      Waynesboro Business Opportunity: High Visibility

      1,360 sq ft building on 1 acre lot. Needs repairs, high potential.
      1401 Mississippi Dr, Waynesboro, MS 39367
      View Details
    • $175,000

      Waynesboro Commercial Property Investment

      Prime C2 Zoned Location, High Potential
      902 Court St, Waynesboro, MS 39367
      View Details
    • $175,000
      1,731 SF

      Waynesboro Commercial Space Investment

      High-potential commercial property, 1700+ sq ft.
      911 Azalea Dr, Waynesboro, MS 39367
      View Details

    FAQs

    What type of property is this?
    Land - 16 acre tract near De Soto National Forest.
    Where is this land located?
    The property is located at - Strickland Rd Waynesboro, MS.
    What is the asking price?
    The asking price for this property is $51,200.
    What are key features of this property?
    This property features: - 16-acre tract in the heart of De Soto National Forest.; - Ideal for building a home, starting a mini-farm, or recreational getaway.; - Utilities available at the road.
    (601) 248-4396
    Request Owner's contact information
    - Strickland Rd Waynesboro, MS 39367
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    - Strickland Rd
    Waynesboro, MS 39367
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    - Strickland Rd Waynesboro, MS 39367
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Dennis West
    (601) 248-4396 (769) 760-0005 (922) 337-2036
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!