Sign Up Successful!
You now have access to more from Realmo!
    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

    Gemma Dr, Unit 6 Lucedale, MS 39452

    Sponsored
    For Sale
    $124,118

    LAND - Lucedale, MS

    Type:Single Family Residence
    Lot size:
    4.13 Acres
    Days on Market:
    164
    Last Refresh:
    Jan 29 at 7:06 am

    Property Features for Gemma Dr

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Lot size
    4.13 Acres

    Utilities

    Water front
    1

    We can help!

    Listing Contact
    Russell Evans
    Russell Evans

    R Evans Realty (601) 947-2010

    Listing agent Russell Evans (601) 947-2010 License #B19770

    Listing date Aug 19, 2025

    MLS# 4052782

    Copyright © 2025 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

    Lucedale Land with Lake Views

    These lots are located in a new subdivision on Highway 63. The properties are subject to restrictive covenants designed to maintain the aesthetic appeal and value of the investment. Most of the lots are situated on the water, and all offer views. The available lot sizes vary. The acreage of one lot is 4.13 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Lucedale
    County
    George
    State
    Mississippi
    Longitude
    -88.611091
    Latitude
    30.858558

    Nearby Similar for Sale

    • $799,000
      12,000 SF

      Updated Skating Rink For Sale

      Renovated skating rink with arcade, lounge, and expansion potential.
      6238 Ms-198, Lucedale, MS 39452
      View Details
    • $319,000
      1,600 SF

      Lucedale Home with Workshop

      Three-bedroom home with workshop and additional dwelling unit.
      6902 Tanner Williams Rd, Lucedale, MS 39452
      View Details
    • $279,000
      24.97 Acres

      Lucedale Land with Rental Income

      24.97 acres with RV rental spaces near Mobile.
      14119 S 98, Lucedale, MS 39452
      View Details
    • $315,000
      Pending

      Downtown Lucedale Event Center

      Renovated event center with outdoor fireplace and large backyard.
      5191 Main St, Lucedale, MS 39452
      View Details
    • $230,000
      4,200 SF

      Lucedale Retail Opportunity on Main

      Prime retail space with high visibility on Main Street.
      5140 Main St, Lucedale, MS 39452
      View Details
    • $16,042,000
      136,997 SF

      Self-Storage Portfolio For Sale

      Five-property self-storage portfolio in Alabama and Mississippi.
      15213 Ms-613, Lucedale, MS
      View Details
    • $6,602,000
      21,930 SF

      Lucedale Retail Property For Sale

      New retail property with garden center and outdoor display area.
      134 134 Ventura Dr, Lucedale, MS
      View Details
    • $560,000
      40,200 SF

      Lucedale Retail Opportunity For Sale

      Large retail space in high-traffic commercial area.
      12101 South, Lucedale, MS
      View Details
    • $230,000

      Main Street Retail Opportunity

      Prime retail space on Main Street with high visibility.
      5140 Main St, Lucedale, MS 39452
      View Details
    • $350,000
      6,000 SF

      Main Street Commercial Gem

      Versatile Lucedale Property, High Potential
      5138 Main St, Lucedale, MS 39452
      View Details
    • $325,000
      4,300 SF

      Main Street Lucedale Commercial Space

      High-traffic location, versatile layout, huge potential.
      5140 Main St, Lucedale, MS 39452
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Lakefront lots available in a new Lucedale subdivision.
    Where is this residential land & home lot located?
    The property is located at Gemma Dr, Unit 6 Lucedale, MS.
    What is the asking price?
    The asking price for this property is $124,118.
    What are key features of this property?
    This property features: - Lakefront lots available in a new, upscale, private lakeside subdivision.; - Restrictive covenants to maintain property value and beauty.; - Most lots are waterfront with beautiful views.
    (601) 947-2010
    Request Owner's contact information
    Gemma Dr, Unit 6 Lucedale, MS 39452
    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.
    Gemma Dr, Unit 6
    Lucedale, MS 39452
    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
    Gemma Dr, Unit 6 Lucedale, MS 39452
    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
    Russell Evans
    Russell Evans
    Real Estate License ID: B19770
    (601) 947-2010
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.