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    612 SE Highway 51 Bogue Chitto, MS 39629

    View on Map
    For Sale
    $1,500,000

    MULTI_FAMILY - Bogue Chitto, MS

    Property size:
    3,822 SF
    Lot size:
    30.00 Acres
    Added:
    Mar 16, 2026
    Days on Market:
    22
    Last Refresh:
    Apr 6 at 10:06 pm

    Property Features for 612 SE Highway 51

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    5
    Rooms
    Bathroom 2, Bathroom 5, Bedroom 1, Bathroom 3, Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 4, Bathroom 1
    Parking
    2
    Fireplace
    1
    Standard status
    Active
    APN
    76-1-02-003
    Size
    3,822 SF
    Lot size
    30.00 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    ALL THAT PT OF NE1/4 OF NE1/2 W OF HWY 51 LESS 2 ACS IN NE CORB 1347 P 0571 03/04/2010
    Tax Annual Amount
    2669

    Utilities

    Sewer type
    Septic Tank
    Water source
    Public

    Building Details

    Year built
    1968
    Floors in Building
    1
    Roof type
    Shingle

    We can help!

    Listing Contact
    Hunter Posey
    Hunter Posey

    Listing agent Hunter Posey License #B23152

    Listing office Posey Land Company LLC 105 W Chickasaw Ste C, BROOKHAVEN, MS

    Listing date Mar 16, 2026

    MLS# 4142601

    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.

    Overview

    Bogue Chitto Executive Estate

    This 30-acre estate in Bogue Chitto, Mississippi, combines a working farm with a luxurious single-family residence. The property features a four-bedroom, four-bath farmhouse along with a barn, cabin, garage, guest house, and additional outbuildings. Fencing defines areas of the property. The land includes rolling pastureland suited for cattle and horses, with much of the property cleared for usability and future development. A private well provides a water source. The estate is ready for the installation of modern utilities. The property attracts dove, small game, turkey, and whitetail deer. Currently operating as a farm and single-family residence, the property is suited for cattle, development, grazing, horses, or investment. Future uses could include mixed-use projects, multi-family dwellings, pasture land, a ranch, or continued residential and single-family living. Recreational opportunities include bird watching and hunting. Access to the property is via an asphalt road. The property's boundaries and any potential easements are clearly defined. The property is located in Lincoln County, Mississippi, offering rural living with access to local amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Auto Repair Shop Discount Store (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bogue Chitto
    County
    Lincoln
    State
    Mississippi
    Longitude
    -90.464996
    Latitude
    31.518912

    Nearby Similar for Sale

    • $150,000
      2,527 SF

      Versatile Commercial Building on Highway 51

      2,527 SF commercial building suitable for various trade businesses.
      2849 U.S. 51, Bogue Chitto, MS 39629
      View Details
    • $295,000
      1,680 SF

      Tenant-Occupied Mobile Home Investment

      Turnkey investment opportunity with immediate income and expansion potential.
      1404 SW Gene Road, Bogue Chitto, MS 39629
      View Details

    FAQs

    What type of property is this?
    Farm - 30-acre estate with farmhouse, outbuildings, and diverse potential.
    Where is this farm located?
    The property is located at 612 SE Highway 51 Bogue Chitto, MS.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 30‑acre estate suitable for a working farm, equestrian venture, or development investment.; Includes a **4‑bedroom, 4‑bath main residence**, barn, cabin, garage, and guest house.; Currently generates rental income (inquire for details).
    (601) 597-9378
    We can help!
    Listing Contact
    Hunter Posey
    Hunter Posey
    Real Estate License ID: B23152
    Learn More
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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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