Sign Up Successful!
You now have access to more from Realmo!
    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

    State St, Unit 41 Laurel, MS 39440

    Sponsored
    For Sale
    Contact for pricing

    Vacant Lot - Laurel, MS

    Lot size:
    0.50 Acres
    Days on Market:
    155
    Last Refresh:
    Jan 22 at 4:06 am

    Property Features for State St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Exterior features
    Fence, None
    Fencing
    Fenced
    Lot size
    0.50 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Joanna Martin

    Jerry Ford Real Estate (601) 477-8867

    Listing agent Joanna Martin, Associate Broker (601) 477-8867

    Listing date Aug 21, 2025

    MLS# 30714 Listing URL

    Copyright © 2026 Laurel 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.

    Learn more

    Property Insight Report

    Overview

    Residential Lot in Heatherwood Subdivision

    This 0.5-acre vacant lot is located in the Heatherwood Subdivision in Laurel, Mississippi. The property is suitable for building a home. A survey is on file for the lot, and there are no restrictions.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Laurel
    County
    Jones
    State
    Mississippi
    Longitude
    -89.132776
    Latitude
    31.74053

    Nearby Similar for Sale

    • $799,000
      4,334 SF

      HGTV Featured Mixed-Use Building

      Unique mixed-use building with Airbnb units, bar, and cafe.
      318 Front St, Laurel, MS 39440
      View Details
    • $470,000
      4,970 SF

      Laurel, MS Commercial Property

      Commercial property with open space, courtyard, and finished basement.
      3227 Audubon Dr, Laurel, MS 39440
      View Details
    • $250,000
      4,453 SF

      Laurel, MS Business Opportunity

      Food pantry with apartment for sale in Laurel, Mississippi.
      506 Chantilly St, Laurel, MS 39440
      View Details
    • $550,000
      23,250 SF

      Office and Shop in Laurel

      Office building with metal shop and additional outbuildings for sale.
      1987 Bush Dairy Rd, Laurel, MS 39440
      View Details
    • $699,000
      9,470 SF

      Mixed-Use Property in Laurel, MS

      9470 sq ft mixed-use property with residential and commercial spaces.
      437 N Magnolia St, Laurel, MS 39440
      View Details
    • $285,000
      2,000 SF

      High-Visibility Retail Opportunity, Laurel, MS

      Versatile retail property with high visibility and development potential.
      121 N 15Th Ave, Laurel, MS 39440
      View Details
    • $185,000
      7,267 SF

      Laurel, MS Shop Buildings

      Two metal shop buildings with office space in Laurel.
      106 Lowe Rd, Laurel, MS 39443
      View Details
    • $325,000
      19,690 SF

      Laurel Industrial Buildings For Sale

      Five industrial buildings on 2.85 acres, four currently leased.
      229 Victory Rd, Laurel, MS 39443
      View Details
    • $325,000
      19,690 SF

      Industrial Buildings on Victory Road

      Five industrial buildings on 2.85 acres, four currently leased.
      229 Victory Rd, Laurel, MS 39443
      View Details
    • New
      $79,000
      3,651 SF

      Value-Add Quadplex Investment Opportunity

      Quadplex with diverse units, new roof, plumbing updates.
      640 S Magnolia St, Laurel, MS 39440
      View Details
    • $79,000
      3,651 SF

      Laurel, MS Fourplex Investment

      Fourplex in Laurel, MS with investment and renovation potential.
      640 S Magnolia St, Laurel, MS 39440
      View Details
    • $350,000
      6,913 SF

      Laurel, MS Business Opportunity

      Well-maintained 6,913 sqft building on over 3 acres.
      544 E 1St St, Laurel, MS 39440
      View Details

    FAQs

    What type of property is this?
    Land - Vacant lot suitable for building a home in Laurel, MS.
    Where is this land located?
    The property is located at State St, Unit 41 Laurel, MS.
    What is the asking price?
    The asking price for this property is $15,000.
    What are key features of this property?
    This property features: - Beautiful lot ideal for building your dream home.; - Located in the desirable Heatherwood Subdivision.; - Enjoy the freedom of no restrictions on the property.
    (601) 580-5335
    Request Owner's contact information
    State St, Unit 41 Laurel, MS 39440
    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.
    State St, Unit 41
    Laurel, MS 39440
    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
    State St, Unit 41 Laurel, MS 39440
    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
    Joanna Martin
    (601) 580-5335
    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.