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

    Parcel 2 Crenshaw Rd. Lucedale, MS 39452

    View on Map
    Pending
    $38,000

    Residential Land, Res Single Family - Lucedale, MS

    Type:Single Family Residence
    Lot size:
    1.79 Acres
    Added:
    Dec 10, 2025
    Days on Market:
    115
    Last Refresh:
    Apr 4 at 3:06 pm

    Property Features for Parcel 2 Crenshaw Rd.

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Pending
    Lot size
    1.79 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Edgar L Vines III

    Listing agent Edgar L Vines III License #S-45970

    Listing office Vines Realty & Land 2516 Old Hwy 24 Ste E, Hattiesburg, MS 39402, Hattiesburg, MS, MS

    Listing date Dec 10, 2025

    MLS# 145164 Listing URL

    Copyright © 2026 Hattiesburg Area Association 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.

    Overview

    Residential Land Near Lucedale

    This is Parcel 2, a 1.79 acre parcel of land with frontage on Crenshaw Road, situated just north of Lucedale, Mississippi. The cleared and level land is suitable for building a home. Located approximately 9 miles from Lucedale, it provides access to essential amenities. Downtown Mobile is approximately 42 miles away, offering a blend of rural living with convenient city access. Additional acreage is available. An updated survey will be provided by the seller prior to closing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Spa & Massage Center Hair Salon Nail Salon Storage Facility Garden Center Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Lucedale
    County
    George
    State
    Mississippi
    Longitude
    -88.538319
    Latitude
    30.976072

    Nearby Similar for Sale

    • $539,000
      4,050 SF

      Lucedale Commercial Building with Warehouse

      4050 SF commercial building with office and warehouse space.
      38 Susanne Street, Lucedale, MS 39452
      View Details
    • $525,000
      252,648 SF

      Lucedale, MS Development Opportunity

      5.8-acre cleared tract ideal for apartments, retail, or mixed-use.
      18125 W Highway 26, Lucedale, MS 39452
      View Details
    • $150,000
      1,760 SF

      Lucedale Commercial Property For Sale

      Versatile property with multiple buildings on 1 acre near Hwy.
      2126 Hopper Road, Lucedale, MS 39452
      View Details
    • $799,000
      12,000 SF

      Updated Skating Rink Near Lucedale

      Renovated skating rink with arcade, lounge, and expansion potential.
      6238 Ms-198, Lucedale, MS 39452
      View Details
    • $34,900

      Lucedale Land with RV Setup

      Two lots with RV barn and utilities in Cedar Creek.
      196 Cedar Creek Road, Lucedale, MS 39452
      View Details
    • $319,000
      1,600 SF

      Lucedale Home with Workshop

      Three-bedroom home with workshop and additional dwelling unit.
      6902 Tanner Williams Road, Lucedale, MS 39452
      View Details
    • $129,000

      Lucedale Land For Sale

      3 acres with highway frontage near industrial park.
      3ac Highway 198, Lucedale, MS 39452
      View Details
    • $550,000

      Lucedale Commercial Land For Sale

      Commercial land available next to Walmart in Lucedale, Mississippi.
      Old Highway 63 S Parcel 3, Lucedale, MS 39452
      View Details
    • $450,000

      Commercial Land Next to Walmart

      Commercial land for sale in high-traffic Lucedale location.
      Old Highway 63 S Parcel 2, Lucedale, MS 39452
      View Details
    • $159,000

      Lucedale Commercial Land For Sale

      2.2 acres of commercial land in Lucedale, Mississippi.
      2.2 Acres Hwy 613, Lucedale, MS 39452
      View Details
    • $406,050

      Lucedale Land For Sale

      27 acre former cattle operation in Lucedale, Mississippi.
      27 Ac Old Highway 63, Lucedale, MS 39452
      View Details
    • $240,625

      Lucedale Land with Highway Access

      17.5 acres near downtown Lucedale with highway and road access.
      E Highway 198, Lucedale, MS 39452
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.79 acre residential land parcel near Lucedale, Mississippi.
    Where is this residential land & home lot located?
    The property is located at Parcel 2 Crenshaw Rd. Lucedale, MS.
    What is the asking price?
    The asking price for this property is $38,000.
    What are key features of this property?
    This property features: 1.79 MOL acres of cleared, level land ready for building.; Conveniently located 9 miles from Lucedale and 42 miles from Mobile.; Frontage on Crenshaw Rd.
    (601) 261-3236
    We can help!
    Listing Contact
    Edgar L Vines III
    Real Estate License ID: S-45970
    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!