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

    CR 833 - Lot 2 Guntown, MS 38849

    View on Map
    New
    For Sale
    $54,900

    Lot/Land - Guntown, MS

    Type:Single Family Residence
    Lot size:
    2.59 Acres
    Added:
    Mar 29, 2026
    Days on Market:
    5
    Last Refresh:
    Apr 2 at 1:06 pm

    Property Features for CR 833 - Lot 2

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    Residential
    Standard status
    Active
    Lot size
    2.59 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    125

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    KIM WOOD
    KIM WOOD

    Listing agent KIM WOOD License #13295

    Listing office Rachel Ray Real Estate LLC 106 North Camp Ave., New Albany, MS 38652, New Albany, MS

    Listing date Mar 29, 2026

    MLS# 25-2582 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.

    Overview

    Residential Lot in Guntown, MS

    This 2.59-acre residential lot is located in Guntown, MS. The property features road frontage on two sides. Deed restrictions apply, limiting use to a single-family residence. Subdividing the property is prohibited, and operating a business from the premises is not allowed. New doublewide homes with brick underpinning are permitted.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Guntown
    County
    Lee
    State
    Mississippi
    Longitude
    -88.694709
    Latitude
    34.47855

    Nearby Similar for Sale

    • $990,000

      Guntown, MS Manicured Acreage

      136 acres of land with building site and creek.
      260 County Road 417, Guntown, MS 38849
      View Details
    • $95,000

      Guntown, MS Land Opportunity

      9.97 acres of land ready for your dream home.
      CR 2790 Lot 7, Guntown, MS 38849
      View Details
    • $75,000

      Guntown Land Ready For Home

      5.04 acres for new home or mini farm.
      CR 2790 Lot 6, Guntown, MS 38849
      View Details
    • $43,550

      Guntown, MS Acreage For Sale

      6.43 acres of land in Guntown, Mississippi.
      County Road 2346, Guntown, MS 38849
      View Details
    • $43,550

      Guntown, MS Acreage For Sale

      6.43 acres of land in Guntown, Mississippi.
      County Road 2346, Guntown, MS 38849
      View Details
    • $54,900

      Residential Land Near Highway 45

      2.3 acre residential lot, convenient location, owner financing available.
      CR 833 - Lot 1, Guntown, MS 38849
      View Details
    • $246,000

      Residential Land in Guntown, MS

      12.3 acres of residential land with highway visibility.
      12.3 Acres Long Avenue, Guntown, MS 38849
      View Details
    • $65,000

      Guntown, MS Residential Land

      5.06 acres for a new home in Guntown, MS.
      CR 2790 Lot 8, Guntown, MS 38849
      View Details
    • $89,500

      Guntown Land for Residential Use

      9.2-acre lot suitable for building a single-family residence.
      CR 2790 Lot 4, Guntown, MS 38849
      View Details
    • $25,000

      Guntown, MS Acreage

      1.5 acre lot in a quiet cul-de-sac.
      White Oak (Tract 7), Guntown, MS 38849
      View Details
    • $99,900

      Large Lots in Hunter's Ridge

      Beautiful large lots in Guntown, MS, Saltillo school district.
      Lot6 Hunter's Ridge Euclatubba Road, Guntown, MS 38849
      View Details
    • $99,900

      Guntown, MS Large Lot

      Large lots available in new Hunter's Ridge development.
      Lot7 Hunter's Ridge Euclatubba Road, Guntown, MS 38849
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.59 acre residential lot with road frontage.
    Where is this residential land & home lot located?
    The property is located at CR 833 - Lot 2 Guntown, MS.
    What is the asking price?
    The asking price for this property is $54,900.
    What are key features of this property?
    This property features: Owner financing is available.; Beautiful building lot with road frontage on two sides.; New Doublewides with brick underpinning are allowed.
    (662) 316-3812
    We can help!
    Listing Contact
    KIM WOOD
    KIM WOOD
    Real Estate License ID: 13295
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!