Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lucedale Land with Highway Access Title is generated by Realmo AI

    E Highway 198, Lucedale, MS 39452

    View on Map
    Claim this Listing
    For Sale
    $240,625

    LAND - Lucedale, MS

    Lot size:
    17.50 Acres
    Added:
    Dec 16, 2025
    Days on Market:
    158
    Last Refresh:
    May 23 at 11:06 am

    Property Features for E Highway 198

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    0308-27-0-053.00
    Lot size
    17.50 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    E 1/2 OF SW 1/4 OF SW 1/4 LESS N209' & LESS A STRIP 100'X434' IN SW COR, LESS ROW BK 217 PG 135 07/08/93 (plus 2 smaller parcels)
    Tax Annual Amount
    47

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Russell Evans
    Russell Evans

    Listing agent Russell Evans License #B19770

    Listing office R Evans Realty, LLC 2210 Mill St. Ext. STE F, Lucedale, MS

    Listing date Dec 16, 2025

    MLS# 4133990 Listing URL

    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.

    HighLights

    • Convenient access from both Hwy 198 and McAdory Dr.
    • Potential house site on a hilltop off Hwy 198.
    • Cleared areas suitable for horses or livestock.
    • Located just east of downtown Lucedale.
    • Land tract.
    • Includes abandoned buildings (of no value).

    Overview

    This 17.5-acre tract of land is located just east of downtown Lucedale, Mississippi. It features access from Highway 198 on the south side and McAdory Drive on the north side. A hilltop off Highway 198 is present, offering a potential house site. Cleared areas on the property could be suitable for horses or livestock. Several abandoned buildings, including a house of no value, are located on the north side and are included in the offering.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Lucedale
    County
    George
    State
    Mississippi
    Longitude
    -88.654887
    Latitude
    30.9602

    Nearby Similar for Sale

    • $245,000
      1,890 SF

      Downtown Lucedale Commercial Building

      Versatile 1,895 sq ft building in downtown Lucedale, MS.
      985 Mill Street, Lucedale, MS 39452
      View Details
    • $499,000
      252,648 SF

      Lucedale Commercial Development Opportunity

      5.8-acre cleared tract on Highway 26, Lucedale, MS.
      18125 W Highway 26, Lucedale, MS 39452
      View Details
    • $125,000
      1,420 SF

      Residential Income Property in Lucedale

      Three homes on 1.22 acres with income potential.
      2269 Old Mobile Highway, Lucedale, MS 39452
      View Details
    • $110,000

      Lucedale Land with Pond

      8.26 acres of land featuring mature timber and pond.
      6201 Wesley Powell Road, Lucedale, MS 39452
      View Details
    • $428,000

      Lucedale, MS Land Opportunity

      10+ acre parcel with highway access near Lucedale.
      10 Ac Hwy 63, Lucedale, MS 39452
      View Details
    • $550,000

      Lucedale Commercial Land For Sale

      Commercial land available next to Walmart in Lucedale, Mississippi.
      Old Highway 63 S Parcel 3, Lucedale, MS 39452
      View Details
    • $314,000
      1,700 SF

      Lucedale Home with Shop

      Home with shop and efficiency apartment in East Central School District.
      6902 Tanner Williams Road, Lucedale, MS 39452
      View Details
    • $34,900

      Lucedale Land with RV Setup

      Two lots with RV barn and utilities in Cedar Creek.
      196 Cedar Creek Road, Lucedale, MS 39452
      View Details
    • $99,000

      Lucedale Land For Sale

      3 acres of land with highway road frontage.
      3ac Highway 198, Lucedale, MS 39452
      View Details
    • $499,000

      80 Acres Wooded Land Lucedale

      80+/- acres of wooded land in Southeast George County.
      80+/-Ac Little Cedar Road, Lucedale, MS 39452
      View Details
    • $406,050

      Lucedale Land For Sale

      27 acre former cattle operation in Lucedale, Mississippi.
      27 Ac Old Highway 63, Lucedale, MS 39452
      View Details
    • $79,000

      Lucedale Land in Growing Area

      6.01 acre lot in desirable southeast George County.
      6.01ac Little Cedar Road lot: 12, Lucedale, MS 39452
      View Details

    FAQs

    What type of property is this?
    Land - 17.5 acres near downtown Lucedale with highway and road access.
    Where is this land located?
    The property is located at E Highway 198 Lucedale, MS.
    What is the asking price?
    The asking price for this property is $240,625.
    What are key features of this property?
    This property features: Convenient access from both Hwy 198 and McAdory Dr.; Potential house site on a hilltop off Hwy 198.; Cleared areas suitable for horses or livestock.
    (601) 508-7877
    We can help!
    Listing Contact
    Russell Evans
    Russell Evans
    Real Estate License ID: B19770
    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

    Thank You for Inquiry
    E Highway 198, Lucedale, MS 39452
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!