Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Oxford Land in Highlands Subdivision Title is generated by Realmo AI

    2002 Highlands Circle, Oxford, MS 38655

    View on Map
    Claim this Listing
    Pending
    $150,000

    LAND - OXFORD, MS

    Lot size:
    2.27 Acres
    Added:
    Apr 28, 2025
    Days on Market:
    400
    Last Refresh:
    Jun 1 at 9:06 pm

    Property Features for 2002 Highlands Circle

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    SUBDIVISION COVENANT
    Standard status
    Pending
    Lot size
    2.27 Acres

    We can help!

    Listing Contact
    Liza Fruge

    Listing agent Liza Fruge

    Listing office Oxford Real Estate Collective P O Box 52, OXFORD, MS

    Listing date Apr 28, 2025

    MLS# 160577 Listing URL

    Copyright © 2026 North Central Mississippi Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large 2.27 acre lot provides ample space for building a dream home
    • Highlands subdivision offers access to two lakes and a marina with boat launch
    • Includes access to a 1‑mile paved walking path within Braemar Park
    • Braemar Park features a playground, soccer & baseball fields
    • Underground utilities ensure unobstructed views and reliable service
    • Access to SPARC fiber internet provides high‑speed connectivity

    Overview

    This 2.27-acre lot is located in the Highlands subdivision and features tree shading. The property has a flat area suitable for building. The Highlands subdivision includes two lakes, a marina with a boat launch, and a dock for fishing. Braemar Park, within the subdivision, offers a 1-mile paved walking path, a playground, and soccer and baseball fields. Underground utilities are available, along with access to SPARC fiber internet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Hotel & Motel (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Oxford
    County
    Lafayette
    State
    Mississippi
    Longitude
    -89.44056984
    Latitude
    34.34138673

    Nearby Similar for Sale

    • $650,000
      1,527 SF

      Highway 6 Commercial Opportunity

      Prime commercial land for sale in Oxford, Mississippi.
      461 Highway 6, OXFORD, MS 38655
      View Details
    • $3,500,000
      7,733 SF

      Prime Commercial Property in Oxford

      Rare commercial property near University of Mississippi, Oxford.
      1525-39 University Ave, OXFORD, MS 38655
      View Details
    • $2,350,000
      19,325 SF

      Oxford Commercial Property Near Square

      5-acre commercial property near Ole Miss and local amenities.
      3903 S Lamar, OXFORD, MS 38655
      View Details
    • $2,000,000
      5,054 SF

      Townhome Duplex Near Oxford Square

      Duplex featuring 4 bedrooms, 4.5 baths, and a bonus room.
      240 Elm Street, OXFORD, MS 38655
      View Details
    • $2,200,000

      Prime Commercial Land Opportunity

      4.9 acres of commercial land in high-growth Oxford area.
      Hwy 7 N, OXFORD, MS 38655
      View Details
    • $1,450,000

      Prime Commercial Land Opportunity

      1.4+ acre commercial lot with high visibility and access.
      2622B Jackson Avenue, OXFORD, MS 38655
      View Details
    • $3,650,000
      8,012 SF

      Oxford Office Building Investment Opportunity

      Fully leased office building in Oxford Commons corridor.
      306 Enterprise Dr., OXFORD, MS 38655
      View Details
    • $2,500,000

      Versatile Land Parcel in Oxford

      5.16 acres with residential and commercial zoning near University.
      7 Howell Loop, 9 Howell Loop, 3219 Fielder Lane, OXFORD, MS 38655
      View Details
    • $2,000,000

      Prime Commercial Land Opportunity

      3.6-acre commercial lot in rapidly growing area.
      Cr 207, OXFORD, MS 38655
      View Details
    • $516,000

      Highway Frontage Commercial Land

      1.72 acre commercial lot with highway frontage.
      Highway 6 E lot: 2, OXFORD, MS 38655
      View Details
    • $2,300,000
      8,000 SF

      Rowandale Multifamily Investment Opportunity

      Four fully rented condo units near campus with community amenities.
      402-408 Olive Branch Way, OXFORD, MS 38655
      View Details
    • $550,000

      Commercial Lot on University Avenue

      Prime commercial lot in high-traffic location near Kroger.
      301 Dede, OXFORD, MS 38655
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.27 acre lot with amenities in Highlands subdivision.
    Where is this residential land & home lot located?
    The property is located at 2002 Highlands Circle Oxford, MS.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: Large 2.27 acre lot provides ample space for building a dream home; Highlands subdivision offers access to two lakes and a marina with boat launch; Includes access to a 1‑mile paved walking path within Braemar Park
    (662) 801-7222
    We can help!
    Listing Contact
    Liza Fruge
    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

    Thank You for Inquiry
    2002 Highlands Circle, OXFORD, MS 38655
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!