Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Corner Lot in Private Subdivision Title is generated by Realmo AI

    Lot 12 Clair Ln., Mooreville, MS 38857

    View on Map
    Claim this Listing
    For Sale
    $33,000

    Lot/Land - Mooreville, MS

    Type:Single Family Residence
    Lot size:
    1.12 Acres
    Added:
    Apr 25, 2025
    Days on Market:
    397
    Last Refresh:
    May 26 at 8:06 am

    Property Features for Lot 12 Clair Ln.

    General Information

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

    Taxes and HOA fees

    Tax Annual Amount
    109.32

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Wesley Webb

    Listing agent Wesley Webb License #B-18083

    Listing office Wesley Webb Real Estate 3166 West Jackson St., Ste. 2, Tupelo, MS 38801, TUPELO, MS

    Listing date Apr 25, 2025

    MLS# 22-778 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.

    HighLights

    • Large corner lot size offers ample space.
    • Located in the desirable Mooreville School District.
    • All utilities available for ease of building.
    • Private entrance subdivision ensures exclusivity.
    • Building covenants in place to protect property values.
    • Peaceful and quiet location provides a serene environment.

    Overview

    This 1.12-acre corner lot is situated within a private entrance subdivision and offers a peaceful setting. Located in Mooreville, Mississippi, the property is part of the Mooreville School District and provides access to all utilities. Covenants are in place for building, with documentation available for review. The listed taxes reflect the original full parcel.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Mooreville
    County
    Lee
    State
    Mississippi
    Longitude
    -88.5923
    Latitude
    34.2806

    Nearby Similar for Sale

    • $627,000
      5,100 SF

      Mooreville Commercial Property Near I-22

      5,100 SF metal building on 0.75 acres near I-22.
      136 Rd 1400, Mooreville, MS 38857
      View Details
    • $429,000
      3,384 SF

      Mooreville Multi-Family Income Opportunity

      Three houses, each with 3 bedrooms and 2 baths.
      3176 Hwy 178, Mooreville, MS 38857
      View Details
    • $1,500,000

      Mooreville Commercial Land Opportunity

      12.71 +/- acres on corner of I-22 and MS-371.
      Hwy 371, Mooreville, MS 38857
      View Details
    • $985,500

      65.7 Acres of Land, Mooreville

      65.7 acres of land in the heart of Mooreville.
      140 Road 1471, Mooreville, MS 38857
      View Details
    • $270,000

      Residential Land in Mooreville, MS

      25 acres of timberland suitable for residential development.
      Hwy 178, Mooreville, MS 38857
      View Details
    • $2,805,855

      Mooreville Farm: Premier Landholding

      431.67 acre farm in Lee County, Mississippi with development potential.
      3345 MS Hwy 178, Mooreville, MS 38857
      View Details
    • $291,900

      27.8 Acres in Mooreville, MS

      27.8 acres with hardwoods and open land near town.
      MS-178, Mooreville, MS 38857
      View Details
    • $1,290,000

      71 Acres Prime Land Tract

      71 acre tract with frontage on Hwy 78 and 371.
      Hwy 371, Mooreville, MS 38857
      View Details
    • $33,000

      Residential Lot in Private Subdivision

      Corner lot in Mooreville School District with all utilities.
      Lot 7 W Woodhaven Ln., Mooreville, MS 38857
      View Details
    • $30,000

      Residential Lot in Mooreville, MS

      2+/- acre lot, ideal for building a new home.
      County Road 1445, Mooreville, MS 38857
      View Details
    • $30,450

      Residential Land in Mooreville, MS

      2.74-acre lot in Eastridge Subdivision, Mooreville School District.
      Lot 14 CR 1451, Mooreville, MS 38857
      View Details

    FAQs

    What type of property is this?
    Land - Large corner lot with utilities in Mooreville School District.
    Where is this land located?
    The property is located at Lot 12 Clair Ln. Mooreville, MS.
    What is the asking price?
    The asking price for this property is $33,000.
    What are key features of this property?
    This property features: Large corner lot size offers ample space.; Located in the desirable Mooreville School District.; All utilities available for ease of building.
    (662) 844-1681
    We can help!
    Listing Contact
    Wesley Webb
    Real Estate License ID: B-18083
    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

    Thank You for Inquiry
    Lot 12 Clair Ln., Mooreville, MS 38857
    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!