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

    Knox Rd Meridian, MS 39301

    Sponsored
    For Sale
    Contact for pricing

    Farm - Meridian, MS

    Type:Farm
    Lot size:
    12.22 Acres
    Days on Market:
    1
    Last Refresh:
    Jan 28 at 9:06 pm

    Property Features for Knox Rd

    General Information

    Property type
    Land
    Property subtype
    Farm
    Standard status
    Active
    Lot size
    12.22 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jeremy Tew

    Snowden & Company Real Estate, LLC (601) 453-3937

    Listing agent Jeremy Tew (601) 453-3937 License #58868

    Listing date Jan 28, 2026

    MLS# 26-83 Listing URL

    Copyright © 2026 East Mississippi Realtors. 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

    12-Acre Farm Near Russell

    This property consists of 12.22 acres located near the Russell community in Meridian, MS. Situated within the Northeast school district, the land offers road frontage access on Knox Road. Mobile homes are permitted on the property. The parcel is located in Lauderdale County, with a postal code of 39301.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Meridian
    County
    Lauderdale
    State
    Mississippi
    Longitude
    -88.581528
    Latitude
    32.418554

    Nearby Similar for Sale

    • $1,500,000
      62.00 Acres

      Sprawling Fenced Estate in Meridian

      Luxurious estate with main residence, guest house, and amenities.
      1600 22Nd Avenue Hts, Meridian, MS 39301
      View Details
    • $204,900
      2,530 SF

      Multi-Family Home in Meridian, MS

      Multi-family home with potential for improvement and value growth.
      2300 23Rd Ave, Meridian, MS 39301
      View Details
    • $2,250,000
      5,986 SF

      Established Retail Business For Sale

      Long-standing gun and outdoor retail business with real estate and inventory.
      3505 8Th Street Ext, Meridian, MS 39301
      View Details
    • $302,000

      Meridian Income Property Near Downtown

      Income-producing property near hospitals and downtown Meridian.
      2310 15Th St, Meridian, MS 39301
      View Details
    • $450,000
      1.03 Acres

      Prime Commercial Property on Highway

      High-visibility commercial property with flexible space and ample parking.
      5564 Ms-19, Meridian, MS 39307
      View Details
    • $123,000

      Meridian, MS Church For Sale

      Church in the Southeast area, potential for barndominium conversion.
      1792 Ms-496, Meridian, MS 39301
      View Details
    • $650,000
      4.00 Acres

      Meridian Commercial Property on Highway

      Commercial property with multiple buildings, office suites, and fenced yard.
      981 Highway 19 South, Meridian, MS 39301
      View Details
    • $875,000
      13,000 SF

      Meridian Warehouse on 13.75 Acres

      13,000 sq ft warehouse on 13.75 acres in Meridian, MS.
      1366 Marion Russell Rd, Meridian, MS 39301
      View Details
    • Contact for pricing
      0.26 Acres

      Meridian Commercial Building For Sale

      Commercial building in Meridian, MS, suitable for various business types.
      4717 8Th Street Ext, Meridian, MS 39301
      View Details
    • $60,000
      4,000 SF

      Versatile Warehouse with Office/Showroom Space

      Metal warehouse with showroom/office, shop space, and roll-up door.
      3406 5Th St, Meridian, MS 39301
      View Details
    • $475,000

      Meridian Commercial Property For Sale

      Commercial property with ground floor retail and office space.
      1312 22Nd Avenue Hts, Meridian, MS 39301
      View Details
    • Contact for pricing

      Multifamily Investment Opportunity

      73-unit multifamily community with value-add potential near major employers.
      8221 Mississippi 39, Meridian, MS 39305
      View Details

    FAQs

    What type of property is this?
    Farm - 12-acre farm with road frontage in Northeast school district.
    Where is this farm located?
    The property is located at Knox Rd Meridian, MS.
    What is the asking price?
    The asking price for this property is $25,000.
    What are key features of this property?
    This property features: - 12 +/- acres of land, offering ample space and possibilities.; - Mobile homes are allowed, providing flexible housing options.; - Road frontage access on Knox Road ensures convenient entry.
    (601) 453-3937
    Request Owner's contact information
    Knox Rd Meridian, MS 39301
    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.
    Knox Rd
    Meridian, MS 39301
    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
    Knox Rd Meridian, MS 39301
    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
    Jeremy Tew
    Real Estate License ID: 58868
    (601) 453-3937
    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.