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

    1.0 MOL AC Old Hwy 24 Parcel 5 McLain, MS 39456

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Residential Land, Other - See Remarks,Res Single Family - Mc Lain, MS

    Type:Single Family Residence
    Lot size:
    1.00 Acre
    Added:
    Sep 2, 2025
    Days on Market:
    229
    Last Refresh:
    Apr 18 at 5:06 pm

    Property Features for 1.0 MOL AC Old Hwy 24 Parcel 5

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Lot size
    1.00 Acre

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Joe Brumfield

    Listing agent Joe Brumfield License #S-57228

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

    Listing date Sep 2, 2025

    MLS# 143943 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

    Leaf River Waterfront Acreage

    This one-acre property is located along the Leaf River. The site is suitable for building a tiny home or cabin, creating a campsite, and enjoying activities such as fishing, kayaking, swimming, and camping. The property offers peaceful waterfront views.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    McLain
    County
    Greene
    State
    Mississippi
    Longitude
    -88.8084
    Latitude
    31.0532

    Nearby Similar for Sale

    • $329,000

      Prime Commercial Land on US-98

      3.31+/- acre commercial tract with high visibility on US-98.
      Nhn 00 Us-98, McLain, MS 39456
      View Details
    • $105,000

      Commercial Land Along US-98 Corridor

      1.21+/- acre commercial tract on US-98 in McLain, MS.
      Nhn 01 Us-98, McLain, MS 39456
      View Details
    • $329,000

      Prime Commercial Land Opportunity

      3.31+/- acre commercial tract with high visibility.
      NHN 00 US-98, Mc Lain, MS 39456
      View Details
    • $105,000

      Commercial Land on US-98 Corridor

      1.21+/- acre commercial tract on high-traffic US-98.
      NHN 01 US-98, Mc Lain, MS 39456
      View Details
    • $110,000

      24+ Acre Residential Land

      Spacious land with water, survey available.
      301 Woods Rd, Mc Lain, MS 39456
      View Details
    • $112,000

      40 Acres Near Leaf River

      40 acres in McLain, MS, with Leaf River access.
      40 MOL AC OLD HWY 24, Mc Lain, MS 39456
      View Details
    • $420,000

      160 Acres Near Leaf River

      160 acres in McLain, MS, with Leaf River access.
      160 MOL AC Old HWY 24, Mc Lain, MS 39456
      View Details
    • $441,000

      Pascagoula River Bottom Hunting Land

      157.5 acres of hunting and recreational land near Pascagoula River.
      0 Merrill Salem Road, Mclain, MS 39456
      View Details
    • $22,500

      Residential Land Near Leaf River

      1.08 acre residential land near Leaf River.
      1.08 MOL AC Old HWY 24 Parcel 35, Mc Lain, MS 39456
      View Details
    • $22,500

      Residential Land Near Leaf River

      1.08 acre residential land near Leaf River.
      1.08 MOL AC Old HWY 24 Parcel 27, Mc Lain, MS 39456
      View Details
    • $148,400

      53 Acres Near Leaf River

      53 acres in McLain, MS, with Leaf River access.
      53 MOL AC OLD HWY 24, Mc Lain, MS 39456
      View Details
    • $22,500

      Land Near Leaf River

      1.08 acre lot near Leaf River with community access.
      1.08 MOL AC Old HWY 24 Parcel 31, Mc Lain, MS 39456
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - One acre waterfront property on the Leaf River.
    Where is this waterfront land located?
    The property is located at 1.0 MOL AC Old Hwy 24 Parcel 5 McLain, MS.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: 1.0 +/- acre riverfront property on the Leaf River; Ideal for fishing, kayaking, swimming, and camping; Suitable for building a tiny home or cabin
    (601) 261-3236
    We can help!
    Listing Contact
    Joe Brumfield
    Real Estate License ID: S-57228
    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!