Sign Up Successful!
You now have access to more from Realmo!
    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

    504 Heardtown Rd Tupelo, MS 38804

    Sponsored
    For Sale
    $555,000

    Lot/Land - Tupelo, MS

    Type:Single Family Residence
    Lot size:
    30.00 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 2 at 8:06 pm

    Property Features for 504 Heardtown Rd

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Lot size
    30.00 Acres

    Utilities

    Water front features
    Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jenny Decker Team

    Tommy Morgan, Inc., Realtors (662) 842-3844

    Listing agent Jenny Decker Team (662) 842-3844 License #B-22169

    Listing date Feb 2, 2026

    MLS# 26-356 Listing URL

    Copyright © 2026 Northeast Mississippi Board 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.

    Learn more

    Property Insight Report

    Overview

    Tupelo Land for Residential Development

    This 30-acre lot is located in Tupelo, Mississippi, offering an excellent building location in a highly desirable area. The property is conveniently located near shopping, dining, and other local amenities, presenting a great opportunity for residential development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Food Market Grocery & Convenience Store Wine and Liquor Store Farmer's Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Tupelo
    County
    Lee
    State
    Mississippi
    Longitude
    -88.774222
    Latitude
    34.323431

    Nearby Similar for Sale

    • $1,000,000
      5,862 SF

      Turn Key Medical Building

      Medical building near hospital with dual practice potential.
      516 Pegram Dr, Tupelo, MS 38801
      View Details
    • New
      $625,000
      6,147 SF

      Tupelo Commercial Corner Assemblage

      Multi-level 6,467 SF building in Tupelo's Opportunity Zone.
      825 W Jefferson St, Tupelo, MS 38804
      View Details
    • New
      $899,900
      5,800 SF

      Renovated Commercial Space in Tupelo

      Recently renovated commercial property in East Tupelo with retail and office.
      794 E Main St, Tupelo, MS 38804
      View Details
    • $399,900
      4,500 SF

      Tupelo Automotive Business Opportunity

      Fully operational automotive repair business with equipment and inventory included.
      1345 Palmetto Rd, Tupelo, MS 38801
      View Details
    • $425,000
      12,500 SF

      Versatile Commercial Building in Tupelo

      Commercial property with high traffic location and versatile layout.
      199 N Veterans Memorial Blvd, Tupelo, MS 38804
      View Details
    • New
      $819,950
      7,000 SF

      Tupelo Commercial Property For Sale

      Commercial property in Tupelo, MS, suitable for investment or business.
      704 N Gloster St, Tupelo, MS 38804
      View Details
    • $550,000
      3,028 SF

      Tupelo Commercial Property For Sale

      High-traffic location with strong neighboring businesses in Tupelo, Mississippi.
      606 N Gloster St, Tupelo, MS 38804
      View Details
    • New
      $850,000
      6,600 SF

      Tupelo Commercial Building with Warehouse

      Mixed-use commercial building with office suites and warehouse space.
      3166 W Jackson St, Tupelo, MS 38801
      View Details
    • $850,000
      6,600 SF

      Tupelo Commercial Property with Warehouse

      Commercial building with office suites and warehouse near Tupelo Airport.
      3166 West Jackson St, Tupelo, MS 38804
      View Details
    • $1,590,000
      16,400 SF

      Tupelo Multifamily Investment Opportunity

      Fourteen-unit multifamily property in West Tupelo with investment potential.
      100-124 Mickey Ln, Tupelo, MS 38804
      View Details
    • $575,000
      10,984 SF

      Tupelo Commercial Property For Sale

      Three buildings: two warehouses and an office building for sale.
      108 Deer Park Rd, Tupelo, MS 38804
      View Details
    • $530,450
      3,225 SF

      Tupelo Commercial Property For Sale

      High-visibility medical office building near North Mississippi Medical Center.
      Tupelo, MS 38801
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 30-acre lot in Tupelo, MS, ideal for residential development.
    Where is this residential land & home lot located?
    The property is located at 504 Heardtown Rd Tupelo, MS.
    What is the asking price?
    The asking price for this property is $555,000.
    What are key features of this property?
    This property features: - Waterfront property; - Highly desirable area; - Excellent building location
    (662) 842-3844
    Request Owner's contact information
    504 Heardtown Rd Tupelo, MS 38804
    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.
    504 Heardtown Rd
    Tupelo, MS 38804
    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
    504 Heardtown Rd Tupelo, MS 38804
    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

    We can help!
    Listing Contact
    Jenny Decker Team
    Real Estate License ID: B-22169
    (662) 842-3844
    Learn more
    Google sign-in failed. Please try again or use another login method.