Sign Up Successful!
You now have access to more from Realmo!
    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

    1111 Brookhaven St Brookhaven, MS 39601

    Sponsored
    For Sale
    $59,900

    LAND - Brookhaven, MS

    Lot size:
    5.50 Acres
    Days on Market:
    158
    Last Refresh:
    Jan 23 at 9:06 am

    Property Features for 1111 Brookhaven St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    5.50 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Brandon Fortenberry

    LandMAX Properties (601) 757-5066

    Listing agent Brandon Fortenberry (601) 835-5050 License #S53020

    Listing date Aug 19, 2025

    MLS# 144710

    Copyright © 2025 MLS United. 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

    Property Insight Report

    Overview

    Brookhaven Land Investment Opportunity

    This property features 5.5+/- deeded acres situated in Brookhaven, Mississippi. The current R1 zoning allows for up to four single-family homes per acre, presenting a potential investment opportunity. The corner lot is located on Hwy 550 and Brookhaven Street.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Brookhaven
    County
    Lincoln
    State
    Mississippi
    Longitude
    -90.46202
    Latitude
    31.580797

    Nearby Similar for Sale

    • $497,500
      5,135 SF

      Versatile Commercial Property, Brookhaven, MS

      Prime commercial property with multiple units and ample parking.
      128 S First St, Brookhaven, MS 39601
      View Details
    • $275,000
      2,636 SF

      Brookhaven Commercial Property with Diner

      2.3-acre commercial property with store, diner, and storage.
      1681 Ms 550, Brookhaven, MS 39601
      View Details
    • $69,000
      Pending

      Brookhaven Duplex For Sale

      Duplex in Brookhaven, MS, suitable for living or investment.
      416 Seventh St, Brookhaven, MS 39601
      View Details
    • $182,000
      2,550 SF

      Brookhaven Commercial Opportunity For Sale

      Two buildings: church sanctuary and broadcasting station on 0.56 acres.
      983 NE Sawmill Ln, Brookhaven, MS 39601
      View Details
    • New
      $169,900
      16,818 SF

      Brookhaven Commercial Property For Sale

      Six-unit commercial property in downtown Brookhaven on an acre lot.
      202 N Jackson St, Brookhaven, MS 39601
      View Details
    • $1,250,000
      11,500 SF

      Brookhaven Commercial Redevelopment Opportunity

      Prime commercial site with redevelopment potential in Brookhaven, Mississippi.
      915 Brookway Boulevard Ext, Brookhaven, MS 39601
      View Details
    • $543,000
      Pending

      Brookhaven Multifamily Investment Opportunity

      Income-producing 12-unit apartment complex in Brookhaven, Mississippi.
      212 N Church St, Brookhaven, MS 39601
      View Details
    • $399,500
      2,762 SF

      Brookhaven Commercial Building For Sale

      Prime commercial building in Brookhaven, MS, suitable for various businesses.
      391 Brookhaven St, Brookhaven, MS 39601
      View Details
    • New
      $139,000
      2,058 SF

      Brookhaven Commercial Building For Sale

      Vintage commercial building with potential for retail, office, or mixed-use.
      444 E Monticello St, Brookhaven, MS 39601
      View Details
    • $350,000
      2,673 SF

      Brookhaven Commercial Property with Drive-Through

      Two metal buildings with drive-through and expansion potential.
      107 Court St W, Brookhaven, MS 39601
      View Details
    • $897,000
      8,320 SF

      Freestanding Family Dollar Investment Property

      Single-tenant, net-leased Family Dollar in Brookhaven, Mississippi.
      600 E Monticello St, Brookhaven, MS 39601
      View Details
    • New
      $749,900
      11,500 SF

      Brookhaven Commercial Facility For Sale

      Well-maintained 11,500 SF commercial facility on 2.1 acres.
      1002 NE Sawmill Ln, Brookhaven, MS 39601
      View Details

    FAQs

    What type of property is this?
    Land - 5.5+/- acre corner lot zoned for single-family homes.
    Where is this land located?
    The property is located at 1111 Brookhaven St Brookhaven, MS.
    What is the asking price?
    The asking price for this property is $59,900.
    What are key features of this property?
    This property features: - 5+/- deeded acres in Brookhaven; - R1 zoning allows up to four single family homes per acre; - Great investment opportunity
    (601) 757-5743
    Request Owner's contact information
    1111 Brookhaven St Brookhaven, MS 39601
    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.
    1111 Brookhaven St
    Brookhaven, MS 39601
    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
    1111 Brookhaven St Brookhaven, MS 39601
    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
    Brandon Fortenberry
    Real Estate License ID: S53020
    (601) 757-5743
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.