Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Hwy 278 Batesville, MS 38606

    Sponsored
    For Sale
    $550,000

    LAND - Batesville, MS

    Lot size:
    22.10 Acres
    Days on Market:
    56
    Last Refresh:
    Jan 26 at 9:06 pm

    Property Features for Hwy 278

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    3173-0006600-0000900
    Lot size
    22.10 Acres

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Drews Andrews

    Burch Realty Group, LLC (662) 893-1700

    Listing agent Drews Andrews License #S-55802

    Listing date Dec 2, 2025

    MLS# 4108795 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.

    Learn more

    Property Insight Report

    Overview

    22.1 Acres on Hwy 278

    This 22.1-acre property is located 2.5 miles east of I55 in Batesville. Situated on Hwy 278, the flat terrain includes a creek running through the back. With 1200 ft of frontage on Hwy 278, the property has investment potential and is suitable for business use. All Batesville utilities are available at the property. Currently being farmed, the land presents a development opportunity near Batesville.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Batesville
    County
    Panola
    State
    Mississippi
    Longitude
    -89.870588
    Latitude
    34.310385

    Nearby Similar for Sale

    • $1,900,000
      18,500 SF

      Batesville Commercial Facility on Two Acres

      18,500 SF facility near I-55 in Panola County, Mississippi.
      369 Enterprise Dr, Batesville, MS 38606
      View Details
    • $545,272
      136.30 Acres

      Pasture and Recreation Land

      136.3 acres of pasture, timber, ponds, and hunting potential.
      Henderson Rd, Batesville, MS 38606
      View Details
    • $125,000
      2,125 SF

      Batesville Town Square Commercial Building

      Well-maintained commercial building in Batesville Town Square, ideal for retail.
      115 Public Sq, Batesville, MS 38606
      View Details
    • New
      $525,000
      3,552 SF

      Batesville Multi-Family Investment Opportunity

      Multi-family property near Batesville Courthouse with long-term tenants.
      100 Potts St, Batesville, MS 38606
      View Details
    • $89,000
      1,927 SF

      Batesville Commercial Building For Sale

      Historic 1927 sqft commercial building near Batesville Town Square.
      102 Panola Ave, Batesville, MS 38606
      View Details
    • $125,000
      3,780 SF

      Batesville Commercial Property For Sale

      Commercial property with high visibility location in Batesville, Mississippi.
      147 Highway 51 North, Batesville, MS 28606
      View Details
    • Contact for pricing
      1,650 SF

      Retail Space in Batesville, MS

      Versatile 1,650 sq ft retail space in high-traffic location.
      434/436 Highway 6, Batesville, MS 38606
      View Details
    • $149,000
      3,200 SF

      Retail Building in Batesville, MS

      3,200 sq ft commercial building in the heart of Batesville.
      231 Vance St, Batesville, MS 38606
      View Details
    • $149,000
      3,200 SF

      Batesville Commercial Building For Sale

      3,200 sq ft commercial building in the heart of Batesville.
      231 Vance St, Batesville, MS 38606
      View Details
    • Contact for pricing
      270,000 SF

      Batesville Manufacturing Facility on 40 Acres

      270,000 SF manufacturing facility with expansion potential in Batesville, MS.
      195 Crown Dr, Batesville, MS 38606
      View Details
    • Contact for pricing
      90,000 SF

      Industrial Building in Batesville, MS

      90,000 SF industrial building built in 1989 for sale.
      875 Highway 51 S, Batesville, MS 38606
      View Details

    FAQs

    What type of property is this?
    Land - 22.1 acres of land with highway frontage near Batesville.
    Where is this land located?
    The property is located at Hwy 278 Batesville, MS.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - 22.1 Acres with Highway Frontage: Offers significant space and visibility.; - Located on Hwy 278 near Batesville: Prime location with easy access.; - Investment Potential: Suitable for development or business ventures.
    (901) 600-2310
    Request Owner's contact information
    Hwy 278 Batesville, MS 38606
    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.
    Hwy 278
    Batesville, MS 38606
    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
    Hwy 278 Batesville, MS 38606
    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
    Drews Andrews
    Real Estate License ID: S-55802
    (901) 600-2310
    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.