Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Commercial Land on Highway Title is generated by Realmo AI

    2881 Hwy 589, Purvis, MS 39465

    View on Map
    Claim this Listing
    For Sale
    $675,000

    Commercial - Purvis, MS

    Lot size:
    13.00 Acres
    Added:
    Mar 4, 2026
    Days on Market:
    81
    Last Refresh:
    May 24 at 12:06 am

    Property Features for 2881 Hwy 589

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    Lot size
    13.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Mark Anderson

    Listing agent Mark Anderson

    Listing office America's Land Partners - Mississippi, Hattiesburg 11 Willow Bend Drive, Hattiesburg, MS

    Listing date Mar 4, 2026

    MLS# 11667989 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime 13‑acre commercial tract zoned C4.
    • Located on Highway 589, near the Bellevue/Highway 98 intersection.
    • Boasting over 730 feet of frontage on Highway 589.
    • Well‑drained McLaurin and Lucy sandy loam soil, suitable for construction.
    • No wetlands on the site.
    • C4 zoning allows for a wide range of retail and service establishments.

    Overview

    This 13-acre tract is zoned C4 Major Thoroughfares Commercial and is located on Highway 589, approximately 0.75 miles from the Bellevue/Highway 98 intersection. The property features over 730 feet of frontage on Highway 589, offering development potential for multiple uses. The terrain consists of well-drained McLaurin and Lucy sandy loam soil series, suitable for building foundations and general construction. There are no wetlands on the site. The C4 zoning designation accommodates a range of development projects, including most business-related retail and service establishments.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Purvis
    County
    Lamar
    State
    Mississippi
    Longitude
    -89.457567
    Latitude
    31.231479

    Nearby Similar for Sale

    • $325,000

      Prime Commercial Land on Highway

      2.5 acres of cleared land ready for development.
      4684 Old Highway 11, Purvis, MS 39475
      View Details
    • $234,000

      Commercial Building with House

      Commercial building and house on Hwy 11 in Purvis, MS.
      5840 U S Hwy 11, Purvis, MS 39475
      View Details
    • $215,000

      Prime Commercial Land in Purvis

      1.5-acre commercial lot near Hwy 11 and Hwy 589.
      0000 Hwy 589, Purvis, MS 39475
      View Details
    • $130,000

      Residential Land in Oak Grove

      4-acre residential land parcel, subdividable, in Oak Grove.
      0000 Brewer, Purvis, MS 39475
      View Details
    • $215,000

      Prime Commercial Land in Purvis

      1.3-acre commercial tract in Purvis' growth corridor.
      Ms-589, Purvis, MS 39475
      View Details
    • $75,000

      Residential Land in McBriar Subdivision

      3.85 acre lot for building a dream house.
      23 McBriar, Purvis, MS 39475
      View Details
    • $145,000

      Undeveloped Land with Pole Barn

      12.87 acres of land with metal pole barn.
      1575 Purvis To Baxterville, Purvis, MS 39475
      View Details
    • $162,000

      Residential Land in Purvis, MS

      10+ acre residential land in Purvis School District.
      0000 Talowah Rd., Purvis, MS 39475
      View Details
    • $445,860

      Residential Land in Purvis, MS

      24.77 acres of land suitable for house site or subdivision.
      24.77 ac Coal Town, Purvis, MS 39475
      View Details
    • $275,000

      Prime Commercial Land on Highway

      2.5 acres of commercial land with highway frontage.
      4684 Old Hwy 11, Purvis, MS 39475
      View Details
    • $23,000

      Unrestricted Land in Purvis, Mississippi

      1.38 acres of unrestricted land, perfect for various uses.
      215 Oscar Bond Rd, Purvis, MS 39475
      View Details
    • $72,000

      Residential Land in McBriar

      Residential land for sale in the McBriar neighborhood.
      5.71 AC McBriar, Lot 7, Purvis, MS 39475
      View Details

    FAQs

    What type of property is this?
    Commercial land - 13-acre commercial tract with highway frontage and development potential.
    Where is this commercial land located?
    The property is located at 2881 Hwy 589 Purvis, MS.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: Prime 13‑acre commercial tract zoned C4.; Located on Highway 589, near the Bellevue/Highway 98 intersection.; Boasting over 730 feet of frontage on Highway 589.
    We can help!
    Listing Contact
    Mark Anderson
    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
    2881 Hwy 589, Purvis, MS 39465
    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!