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

    Country Lake Dr Summit, MS 39666

    View on Map
    Sponsored
    For Sale
    $35,139

    LAND - Summit, MS

    Lot size:
    2.21 Acres
    Days on Market:
    9
    Last Refresh:
    Mar 7 at 9:06 pm

    Property Features for Country Lake Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    712698b
    Lot size
    2.21 Acres

    We can help!

    Listing Contact
    Steve B Rushing

    Doug Rushing Realty, Inc. (601) 395-2619

    Listing agent Steve B Rushing (601) 876-3400 License #S-49158

    Listing date Feb 27, 2026

    MLS# 4128554

    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

    Residential Lots in North Pike

    These residential lots, situated within the North Pike School District, offer a tranquil, park-like environment characterized by mature, thinned timber. The properties, each spanning 2.21 acres, have been fully surveyed and are ready for construction. Power and water utilities are available at the site. Deed restrictions are in place to maintain a uniform neighborhood aesthetic and prohibit mobile homes, thereby preserving long-term property values. These lots are suitable for building a home in a serene, wooded location with the convenience of nearby amenities and access to a school district. Additional acreage is available. The property is located in Summit, Pike County, MS, with a postal code of 39666.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Summit
    County
    Pike
    State
    Mississippi
    Longitude
    -90.5013
    Latitude
    31.295224

    Nearby Similar for Sale

    • $849,500
      10,998 SF

      Summit MS Event Venue Estate

      Historic estate and banquet hall suitable for various events.
      3054 Highway 24 W, Summit, MS 39666
      View Details
    • $279,500
      13,297 SF

      Summit, MS Industrial/Commercial Building

      13,297 SF multi-purpose building on 4.88 acres.
      1144 Dixie Springs Rd, Summit, MS 39666
      View Details
    • $2,400,000
      8,157 SF

      Summit, MS Commercial Property

      8,157 SF commercial building in Summit, MS for sale.
      1121 Hwy, Summit, MS 39666
      View Details
    • $2,400,000

      Summit Commercial Building For Sale

      Commercial building suitable for medical, retail, or office use.
      1121 Highway 98 And 51, Summit, MS 39666
      View Details
    • $235,000

      Summit, MS Acreage with Barns

      Acreage with barns, office, and mobile home in Summit, MS.
      Eric Price Rd, Summit, MS
      View Details
    • $229,000

      Spacious Mobile Home on Acreage

      13.32-acre property with 2,128 sqft mobile home.
      2057 Magnolia Pisgah Rd, Summit, MS 39666
      View Details
    • Contact for pricing

      Turn-Key Poultry Farm Investment

      Profitable 10-house broiler farm on 42 acres near McComb.
      15000 W Of Gladding Rd, Summit, MS
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lots in a peaceful, wooded setting ready for construction.
    Where is this residential land & home lot located?
    The property is located at Country Lake Dr Summit, MS.
    What is the asking price?
    The asking price for this property is $35,139.
    What are key features of this property?
    This property features: - Desirable North Pike School District; - Fully surveyed and ready for construction; - Power and water available at the site
    (601) 303-9900
    Request Owner's contact information
    Country Lake Dr Summit, MS 39666
    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.
    Country Lake Dr
    Summit, MS 39666
    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
    Country Lake Dr Summit, MS 39666
    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
    Steve B Rushing
    Real Estate License ID: S-49158
    (601) 303-9900 (601) 876-3400
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!