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    915 Brookway Boulevard Ext Brookhaven, MS 39601

    View on Map
    Sponsored
    For Sale
    Pending
    $1,250,000

    COMMERCIAL - Brookhaven, MS

    Property size:
    11,500 SF
    Lot size:
    1.57 Acres
    Days on Market:
    5
    Last Refresh:
    Mar 9 at 10:06 am

    Property Features for 915 Brookway Boulevard Ext

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Bedroom 25, Bathroom 3, Bathroom 36, Bedroom 20, Bathroom 11, Bedroom 10, Bedroom 6, Bathroom 28, Bathroom 26, Bedroom 23, Bathroom 29, Bedroom 34, Bathroom 34, Bathroom 7, Bathroom 13, Bathroom 24, Bathroom 14, Bedroom 4, Bathroom 32, Bedroom 18, Bathroom 40, Bedroom 19, Bedroom 28, Bedroom 22, Bedroom 32, Bedroom 39, Bathroom 20, Bathroom 22, Bedroom 9, Bathroom 38, Bedroom 1, Bathroom 19, Bedroom 31, Bedroom 5, Bathroom 35, Bathroom 39, Bathroom 1, Bedroom 24, Bedroom 29, Bathroom 23, Bedroom 36, Bedroom 2, Bathroom 18, Bathroom 2, Bedroom 11, Bathroom 5, Bathroom 12, Bedroom 17, Bathroom 27, Bedroom 41, Bedroom 27, Bathroom 25, Bathroom 33, Bedroom 37, Bathroom 15, Bedroom 21, Bedroom 13, Bedroom 16, Bathroom 9, Bedroom 7, Bedroom 38, Bedroom 33, Bedroom 35, Bedroom 26, Bathroom 6, Bedroom 30, Bathroom 17, Bedroom 14, Bedroom 3, Bedroom 8, Bathroom 16, Bathroom 31, Bathroom 21, Bathroom 41, Bathroom 8, Bathroom 37, Bathroom 30, Bathroom 10, Bedroom 12, Bedroom 40, Bathroom 4, Bedroom 15
    Bedrooms
    41
    Bathrooms
    41
    APN
    B77-14-1-049
    Size
    11,500 SF
    Lot size
    1.57 Acres

    Building Details

    Year built
    1974

    We can help!

    Listing Contact
    Keith J Silvestri

    4 Corner Properties, LLC (601) 757-3009

    Listing agent Keith J Silvestri (601) 952-2828 License #S54698

    Listing date Mar 4, 2026

    MLS# 4128876

    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.

    Learn more

    Property Insight Report

    Overview

    Brookhaven Commercial Redevelopment Opportunity

    This 1.57-acre commercial site in Brookhaven, Mississippi, presents a redevelopment opportunity. The property, currently the site of a 50+ year old motel, is located on a commercially valuable spot with main boulevard frontage and high traffic count. Situated between two major food franchises and across the street from Walmart, the location benefits from built-in foot traffic and exposure. The existing 11,500 square foot property is laid out as a motel but could be repositioned as a quick-service restaurant, retail strip, or service-based business. The area is anchored by national brands.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Motels

    Suggested Use

    Nursing Home (Bike/Boat/Book/etc) Store Nursing Home

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

    Location Insight

    • Map
    • Local Demand
    City
    Brookhaven
    County
    Lincoln
    State
    Mississippi
    Longitude
    -90.465552
    Latitude
    31.578899

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    FAQs

    What type of property is this?
    Motel - Prime commercial site with redevelopment potential in Brookhaven, Mississippi.
    Where is this motel located?
    The property is located at 915 Brookway Boulevard Ext Brookhaven, MS.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: - Prime commercial location on the main boulevard in Brookhaven, MS, offering the highest traffic count in town.; - Redevelopment opportunity on a 1.57-acre site suitable for various commercial uses.; - Exceptional exposure and built-in foot traffic due to its proximity to major food franchises and Walmart.
    (985) 602-6282
    Request Owner's contact information
    915 Brookway Boulevard Ext Brookhaven, MS 39601
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    Brookhaven, MS 39601
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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
    915 Brookway Boulevard Ext Brookhaven, MS 39601
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    We can help!
    Listing Contact
    Keith J Silvestri
    Real Estate License ID: S54698
    (985) 602-6282 (601) 952-2828
    Learn more
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