Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Lot Near Pickwick Lake Title is generated by Realmo AI

    Pine Ridge Cove, Iuka, MS 38852

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Iuka, MS

    Type:Single Family Residence
    Lot size:
    0.80 Acres
    Added:
    Sep 6, 2024
    Days on Market:
    625
    Last Refresh:
    May 23 at 4:06 am

    Property Features for Pine Ridge Cove

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    APN
    1065-21-003.10
    Lot size
    0.80 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    Book 220 Page 558, Tishomingo County, MS
    Tax Annual Amount
    153

    Utilities

    Utilities
    Cable Available
    Sewer type
    Private Sewer
    Water front
    1

    We can help!

    Listing Contact
    Tom Wiseman

    Listing agent Tom Wiseman License #11543

    Listing office Tom Smith Land & Homes, Llc 101 Main Street W, Madison, MS

    Listing date Sep 6, 2024

    MLS# 4090657 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.

    HighLights

    • Access to Pickwick Lake
    • Located in Union Harbor Resort, a gated community
    • Large 0.85 acre wooded lot
    • Utilities available (cable)
    • Cul‑de‑sac location

    Overview

    This 0.85-acre wooded residential lot is located at the end of a cul-de-sac in The Woodlands of River Trace at Union Harbor Resort in Iuka, Mississippi. Situated in Tishomingo County, the property is part of a gated community with utilities and access to Pickwick Lake. The lot is suitable for building a home or weekend retreat.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Iuka
    County
    Tishomingo
    State
    Mississippi
    Longitude
    -88.1999
    Latitude
    34.8106

    Nearby Similar for Sale

    • $260,000
      1,686 SF

      Iuka Commercial Property For Sale

      Income-producing commercial property with long-term tenant in prime Iuka location.
      2243 Hwy 25, Iuka, MS 38852
      View Details
    • $35,000

      Residential Lot in Country Setting

      2+/- acre residential lot inside Iuka city limits.
      0 Spring St., Iuka, MS 38852
      View Details
    • $199,000
      3,111 SF

      Iuka Commercial Property For Sale

      Commercial property in Iuka, MS suitable for various uses.
      1250 Betty Dale Drive, Iuka, MS 38852
      View Details
    • $404,900

      Iuka Land Near Water Access

      Land with road frontage and water access easement near harbor.
      47.3 ac Hwy 25, Iuka, MS 38852
      View Details
    • $5,885

      Residential Lot Near Eastport

      Residential lot near water, ideal for building a home.
      Lot 73 County Road 451, Iuka, MS 38852
      View Details
    • $20,000

      Residential Land in Iuka, MS

      Residential lots available in established Iuka community.
      Graham Ridge Road lot: 9, Iuka, MS 38852
      View Details
    • $140,000

      Iuka, MS Land Opportunity

      16+/- acres for development in Iuka, Mississippi.
      Graham Ridge Road, Iuka, MS 38852
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.85 acre wooded lot in gated community near Pickwick Lake.
    Where is this residential land & home lot located?
    The property is located at Pine Ridge Cove Iuka, MS.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Access to Pickwick Lake; Located in Union Harbor Resort, a gated community; Large 0.85 acre wooded lot
    (662) 317-0467
    We can help!
    Listing Contact
    Tom Wiseman
    Real Estate License ID: 11543
    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
    Pine Ridge Cove, Iuka, MS 38852
    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!