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    Commercial Land in Pearl, MS Title is generated by Realmo AI

    2 Hwy 468, Pearl, MS 39208

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    Claim this Listing
    For Sale
    $250,000

    COMMERCIAL - Pearl, MS

    Lot size:
    1.13 Acres
    Added:
    Oct 20, 2025
    Days on Market:
    227
    Last Refresh:
    Jun 3 at 9:06 pm

    Property Features for 2 Hwy 468

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    Unassigned
    Lot size
    1.13 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    A tract or parcel of land containing 1.13 acres, more or less, lying and being situated in the Southwest 1/4 of the Southwest 1/4 of Section 28, Township 5 North, Range 2 East, Rankin County, Mississippi and being more particularly described by metes and bounds as follows: Commencing at a fence corner marking the Northeast corner of the Southeast 1/4 of the Southwest 1/4 of said Section 28; run thence South 76 degrees 50 minutes 54 seconds West for a distance of 1261.10 feet to a set 1/2 iron pin; thence North 78 degrees 45 minutes 15 seconds West for a distance of 145.08 feet to a set 1/2 iron pin marking the Point of Beginning of the herein described property; thence South 21 degrees 32 minutes 04 seconds West for a distance of 293.45 feet to a set 1/2 inch iron pin marking the North Right-of-Way of Whitfield Road (State Highway 468); thence North 68 degrees 27 minutes 56 seconds West along said North Right of Way of Whitfield Road (State Highway 468) for a distance of 177.00 feet to a set 1/2 inch iron pin; thence North 21 degrees 32 minutes 04 seconds East for a distance of 261.32 feet to a set 1/2 inch iron pin; thence South 78 degrees 45 minutes 15 seconds East for a distance of 179.89 feet to the Point of Beginning.

    Utilities

    Utilities
    Water Available
    Water source
    Public

    We can help!

    Listing Contact
    Selena Lovejoy

    Listing agent Selena Lovejoy License #B22583

    Listing office The Lovejoy Group LLC 103 Wellington Place The Lovejoy Group, Brandon, MS

    Listing date Oct 20, 2025

    MLS# 4129223 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.

    HighLights

    • Newly re‑zoned for C3, offering significant commercial development potential.
    • Centrally located in a thriving commercial and residential area.
    • Ideally situated on a busy thoroughfare.
    • Minutes from I‑20 Airport Rd Exit and I‑20 Pearson Road Exit.
    • Only 10 minutes from Jackson International Airport.
    • Public water available.

    Overview

    This 1.13-acre commercial property is located in Pearl, Mississippi. The property has been newly re-zoned for C3. It is centrally located in an area thriving with both commercial and residential occupants. The property is situated amid a busy thoroughfare, minutes from I-20 Airport Rd Exit or I-20 Pearson Road Exit, and approximately 10 minutes from Jackson International Airport.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Pearl
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.104238
    Latitude
    32.242303

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    FAQs

    What type of property is this?
    Commercial land - Commercial land in a thriving area, newly zoned C3.
    Where is this commercial land located?
    The property is located at 2 Hwy 468 Pearl, MS.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Newly re‑zoned for C3, offering significant commercial development potential.; Centrally located in a thriving commercial and residential area.; Ideally situated on a busy thoroughfare.
    (601) 278-3617
    We can help!
    Listing Contact
    Selena Lovejoy
    Real Estate License ID: B22583
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    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
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