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

    00 Wooded Drive Grenada, MS 38901

    View on Map
    For Sale
    $995,000

    Vacant Land - Grenada, MS

    Lot size:
    104.00 Acres
    Added:
    Aug 2, 2025
    Days on Market:
    244
    Last Refresh:
    Apr 2 at 12:06 am

    Property Features for 00 Wooded Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    APN
    104M 19(001.00 &021.00) 109X30 (001,2,3)
    Lot size
    104.00 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Brent Bowman

    Listing agent Brent Bowman

    Listing office Coltmor Realty Co. 330 Longwood Drive, Grenada, MS

    Listing date Aug 2, 2025

    MLS# 11548131 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Grenada MS Development Opportunity

    This property features approximately 104 acres of land in Grenada, Mississippi, offering about one mile of paved road frontage. The location is noted as being suitable for development, situated within 2 miles of Grenada schools, the hospital, Holmes Community College, and local businesses. The land is considered suitable for apartments, new subdivisions, or business ventures. The majority of the land is zoned A1 general agriculture, with approximately 13 acres zoned R3 high-density residential.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grenada
    County
    Grenada
    State
    Mississippi
    Longitude
    -89.824117
    Latitude
    33.769146

    Nearby Similar for Sale

    • $499,500
      9,244 SF

      Former FedEx Warehouse Hub

      Warehouse and office space near I-55 with investment potential.
      104 Country Meadows Rd, , MS 38901
      View Details
    • $998,000
      1,728 SF

      Commercial Corner Lot on Sunset

      High-traffic commercial corner lot with existing restaurant and development potential.
      1331 Sunset Drive, Grenada, MS 38901
      View Details
    • $420,000

      Prime Vacant Commercial Land

      18.1 acre commercial tract with high visibility and frontage.
      11555 Hwy 51 N, Grenada, MS 38901
      View Details
    • $420,000

      Grenada Commercial Land For Sale

      18.1 acre commercial tract with high visibility and access.
      11555 Hwy 51 N, Grenada, MS 38901
      View Details
    • $149,000

      Versatile Commercial Building in Grenada

      Unique commercial property suitable for office, retail, or professional services.
      157 Dowdle Road, Grenada, MS 38901
      View Details
    • $85,000
      1,603 SF

      Industrial Building in Grenada, MS

      Industrial building, framed, plumbed, with A/C on 0.23 acres.
      2001 Highway 332, Grenada, MS 38901
      View Details
    • $850,000

      Prime Commercial Land Opportunity

      3.5 acres of commercial land with highway frontage.
      Hwy 51 and Papermill Rd 3.5 Acres, Grena, MS 38901
      View Details
    • $550,000
      3,100 SF

      Grenada Farmhouse on 17 Acres

      Farmhouse on 17 acres in Grenada, Mississippi.
      2370 Perry Road, Grenada, MS 38901
      View Details
    • $60,000

      Grenada Land Near Milwaukee Tool

      2.38 acre parcel near major highway and industrial park.
      2.38 Acres Hwy 51, Grenada, MS 38901
      View Details
    • $60,000

      Grenada Commercial Land For Sale

      2.38 acre commercial land near Milwaukee Tool facility.
      2.38 Acres Hwy 51, Grenada, MS 38901
      View Details
    • $32,900

      Grenada Lake Area Land Opportunity

      2.47 acres near Grenada Lake with recreational potential.
      Tract 1 Hugh White State Park Road lot: 1, Grenada, MS 38901
      View Details
    • $225,000

      Grenada, MS Commercial Land Tract

      3.2 acre commercial tract suitable for retail or restaurant.
      3788 Commerce Street, Grenada, MS 38901
      View Details

    FAQs

    What type of property is this?
    Land - 104 acres of land suitable for development in Grenada, MS.
    Where is this land located?
    The property is located at 00 Wooded Drive Grenada, MS.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: +/- 104 acres with approximately one mile of paved road frontage.; Excellent location for development.; Close proximity (within 2 miles) to Grenada schools, hospital, Holmes Community College, and local businesses.
    (662) 229-7003
    We can help!
    Listing Contact
    Brent Bowman
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!