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

    119 Oak Allee Drive Picayune, MS 39466

    View on Map
    Claim this Listing
    For Sale
    $135,000

    LAND - Picayune, MS

    Lot size:
    1.72 Acres
    Added:
    Nov 26, 2025
    Days on Market:
    153
    Last Refresh:
    Apr 28 at 8:06 pm

    Property Features for 119 Oak Allee Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    6-16-5-21-000-000-1924
    Lot size
    1.72 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    .855 AC IN NE1/4 OF NW1/4
    Tax Annual Amount
    172

    We can help!

    Listing Contact
    Ronnie Stelly

    Listing agent Ronnie Stelly License #S57476

    Listing office Allied Realty Coastal Homes 482 Highway 90 Ste C, Waveland, MS

    Listing date Nov 26, 2025

    MLS# 4132640 Listing URL

    Copyright © 2026 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.

    Overview

    Picayune Wooded Homesite Opportunity

    Located in the Salem Oaks subdivision of Picayune, this 1.72-acre wooded property offers a serene homesite. The parcel provides privacy and convenience, surrounded by mature trees and natural beauty, and is located minutes from Interstate 59 and the amenities of downtown Picayune. This versatile parcel can be purchased individually or with the neighboring home. It offers the opportunity for quiet country living with easy access to town and commuter routes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Auto Repair Shop Kitchen & Bath Showroom HVAC Service (Bike/Boat/Book/etc) Store Bakery

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

    Location Insight

    • Map
    • Local Demand
    City
    Picayune
    County
    Pearl River
    State
    Mississippi
    Longitude
    -89.604772
    Latitude
    30.514457

    Nearby Similar for Sale

    • $425,000
      5,696 SF

      Downtown Picayune Commercial Investment Opportunity

      Two-story, fully leased commercial building in downtown Picayune.
      118 E Canal Street, Picayune, MS 39466
      View Details
    • $499,000
      4,410 SF

      Picayune Church Property For Sale

      Community church with sanctuary, meeting rooms, kitchen, and ample parking.
      1700 GOODYEAR BLVD, Picayune, MS 39466
      View Details
    • $650,000
      6,755 SF

      Versatile Commercial Property on Highway

      6,755 sq ft commercial property on 1.32 acres.
      2467 Highway 43 South, Picayune, MS 39466
      View Details
    • $399,900
      3,915 SF

      Prime Commercial Building in Picayune

      Spacious commercial building with multiple suites in prime location.
      707 Memorial Blvd., Picayune, MS 39466
      View Details
    • $2,100,000
      12,160 SF

      Picayune Commercial Building For Sale

      Commercial building in high-traffic area near interstate and major retailers.
      16 Merrill Road, Picayune, MS 39466
      View Details
    • $325,000
      4,912 SF

      Turnkey Auto Repair Business

      Established auto repair business on 1.82 acres.
      1747 Hwy.11 South, Picayune, MS 39466
      View Details
    • $765,784

      Prime Commercial Land on Highway

      Undeveloped commercial land with high-traffic frontage on Highway 11.
      6499 Highway 11 North, Picayune, MS 39466
      View Details
    • $1,150,000
      10,800 SF

      Profitable Cinema on High-Traffic Location

      10,800 sq. ft. cinema on 1.9 acres near I-59.
      997 Cooper Road, Picayune, MS 39466
      View Details
    • $225,000
      1,920 SF

      Turn-Key Commercial Building in Picayune

      Move-in ready commercial building in the heart of Picayune, MS.
      320 S Curran, Picayune, MS 39466
      View Details
    • $199,000
      7,500 SF

      7,500 SF Warehouse on 2 Acres

      7,500 SF warehouse on 2 acres for sale.
      1817 Palestine Rd, Picayune, MS 39466
      View Details
    • $450,000
      3,064 SF

      Picayune Commercial Building For Sale

      3,010 sq ft building on 1.02 acres near I-59.
      2508 Hwy 43 S, Picayune, MS 39466
      View Details
    • $1,500
      3,000 SF

      Picayune Commercial Space For Sale

      3000 sq ft retail or office space available.
      421A memorial blvd, Picayune, MS 39466
      View Details

    FAQs

    What type of property is this?
    Land - 1.72-acre wooded property in Salem Oaks subdivision, Picayune, MS.
    Where is this land located?
    The property is located at 119 Oak Allee Drive Picayune, MS.
    What is the asking price?
    The asking price for this property is $135,000.
    What are key features of this property?
    This property features: 1. 72‑acre wooded property in Salem Oaks subdivision.; Minutes from Interstate 59 and downtown Picayune amenities.; Peaceful and private setting with mature trees.
    (228) 493-0794
    We can help!
    Listing Contact
    Ronnie Stelly
    Real Estate License ID: S57476
    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!