Add Listing
    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

    0 Hwy 45 Alt Okolona, MS 38860

    View on Map
    For Sale
    $248,500

    Vacant Land - Okolona, MS

    Lot size:
    63.00 Acres
    Added:
    Mar 28, 2026
    Days on Market:
    8
    Last Refresh:
    Apr 4 at 10:06 am

    Property Features for 0 Hwy 45 Alt

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    Lot size
    63.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Andrew Lewis

    Listing agent Andrew Lewis

    Listing office America's Land Partners - Oklahoma Non-MLS 106 N. Grand Avenue, Crescent, MS

    Listing date Mar 28, 2026

    MLS# 11684385 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Secluded Hardwood Land on Highway

    This property features 63 acres of secluded, mature hardwoods with convenient access along Highway 45 ALT. The land is located near Tupelo, Pontotoc, and Oxford, Mississippi, in the Black Prairie region. The property contains a mixed species of hardwoods, including oak and hickory. A survey will be conducted prior to closing to determine the exact acreage and boundary. The property is approximately 20 minutes from Tupelo, 30 minutes from Pontotoc, 1 hour from Oxford, and 2 hours from Memphis and Birmingham. The property is sold as-is.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Okolona
    County
    Chickasaw
    State
    Mississippi
    Longitude
    -88.8037
    Latitude
    33.9759

    Nearby Similar for Sale

    • $170,000
      2,858 SF

      Okolona Commercial Property with Bays

      Commercial property suitable for auto sales or service business.
      207 S Church St., Okolona, MS 38860
      View Details
    • $700,000
      1,608 SF

      Profitable Okolona Commercial Property For Sale

      Operating convenience and liquor store with gas pumps in Okolona.
      103 West Monroe Avenue, Okolona, MS 38860
      View Details
    • $293,760

      86.44 Acres Vacant Land Okolona

      86.44 acres with recreation, income, and timber investment potential.
      0 County Road 151, Okolona, MS 38860
      View Details
    • $29,900

      Cleared Lot Ready for Business

      1.22 acre commercial lot in Okolona, Mississippi.
      E Main St., Okolona, MS 38860
      View Details
    • $298,700

      Okolona Vacant Land with Creek

      103 acres of hunting land with creek frontage.
      0 Hwy 245, Okolona, MS 38860
      View Details
    • $98,500

      Secluded Hardwood Land in Okolona

      20-acre vacant land with mature hardwoods near Tupelo, MS.
      0 Hwy 41, Okolona, MS 38860
      View Details
    • $1,444,771
      10,640 SF

      Okolona Dollar General Investment Property

      Free-standing Dollar General with 10.5 years remaining on lease.
      413 E Monroe Ave, Okolona, MS 38860
      View Details
    • $790,000
      16,799 SF

      Freestanding Retail Building with Parking

      Freestanding retail building with ample parking and high visibility.
      511 W Monroe Ave, Okolona, MS 38860
      View Details
    • $60,000

      Wooded 5-Acre Tract Okolona, MS

      5-acre wooded tract, ideal for building a new home.
      5 ac Hwy 245, Okolona, MS 38860
      View Details
    • $204,000

      Secluded Wooded Lot in Okolona

      68-acre wooded lot offers privacy near Okolona, Mississippi.
      68 ac CR 135, Okolona, MS 38860
      View Details
    • $25,000

      Unrestricted Wooded Land in Okolona

      Two acres of undeveloped, unrestricted land in Lee County, Mississippi.
      Lot 10 CR 139, Okolona, MS 38860
      View Details
    • $78,000

      Land For Sale Okolona

      Land available for sale in Okolona, Mississippi.
      Carter St S, Okolona, MS
      View Details

    FAQs

    What type of property is this?
    Land - 63 acres of secluded mature hardwoods with highway access.
    Where is this land located?
    The property is located at 0 Hwy 45 Alt Okolona, MS.
    What is the asking price?
    The asking price for this property is $248,500.
    What are key features of this property?
    This property features: Secluded property with mature hardwoods like oak and hickory.; Convenient access along Hwy 45 ALT.; Centrally located to Tupelo, Pontotoc, and Oxford, MS.
    We can help!
    Listing Contact
    Andrew Lewis
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!