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 State Street lot 41 Laurel, MS 39440

    View on Map
    Claim this Listing
    Picture of Residential land & home lots at 0 State Street lot 41, Laurel, MS
    For Sale
    Contact for pricing

    Vacant - Laurel, MS

    Lot size:
    0.50 Acres
    Added:
    Apr 8, 2026
    Days on Market:
    9
    Last Refresh:
    Apr 16 at 7:06 am

    Property Features for 0 State Street lot 41

    General Information

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

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Joanna Martin, Associate Broker

    Listing agent Joanna Martin, Associate Broker

    Listing office Jerry Ford Real Estate Jerry Ford Real Estate, Ellisville, MS

    Listing date Apr 8, 2026

    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.

    Overview

    Residential Lot in Laurel, MS

    This 0.5-acre lot is located in the Heatherwood Subdivision in Laurel, MS. 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

    • $440,000
      4,970 SF

      Commercial Property with Finished Basement

      Commercial property in Laurel, MS with a fully finished basement.
      3227 Audubon Drive, Laurel, MS 39440
      View Details
    • $750,000
      4,334 SF

      HGTV Featured Mixed-Use Building

      Unique mixed-use property with Airbnb units, bar, and cafe.
      318 Front Street, Laurel, MS 39440
      View Details
    • $350,000
      2,891 SF

      Laurel Retail Property For Sale

      Commercial property with prime rental space and strong, stable businesses.
      1250 W. 1st Street, Laurel, MS 39440
      View Details
    • $149,900
      2,264 SF

      Versatile Commercial Property in Laurel

      Adaptable commercial building with potential for various business uses.
      1037 HWY 15 SOUTH, Laurel, MS 39443
      View Details
    • $499,000

      Commercial Lot in Laurel, MS

      Corner lot near I-59, suitable for various commercial uses.
      1500 West 1st Street, Laurel, MS 39440
      View Details
    • $175,000
      3,000 SF

      Laurel Flex Space Opportunity

      Office and warehouse space suitable for various business ventures.
      476 Trace Rd., Laurel, MS 39443
      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 Road, Laurel, MS 39440
      View Details
    • $275,000

      Versatile Warehouse Near Downtown Laurel

      Functional office and warehouse space in high-traffic location.
      113 Ellisville Blvd, Laurel, MS 39440
      View Details
    • $295,000
      2,559 SF

      Laurel, MS Business Opportunity

      Corner lot property suitable for medical or business offices.
      3123 AUDUBON DR, Laurel, MS 39440
      View Details
    • $579,000

      42 Acres Prime Development Land

      Prime 42+ acre development opportunity in high-growth Laurel area.
      00 Bear Pen Creek Rd, Laurel, MS 39443
      View Details
    • $185,000
      7,267 SF

      Laurel, MS Shop Buildings

      Two metal shop buildings with office space in Laurel.
      106 Lowe Road, Laurel, MS 39443
      View Details
    • $350,000
      6,913 SF

      Laurel, MS Business Opportunity

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

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot in Heatherwood Subdivision, suitable for building a home.
    Where is this residential land & home lot located?
    The property is located at 0 State Street lot 41 Laurel, 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: Beautiful lot suitable for building a home; Located in Heatherwood Subdivision; No restrictions on the property
    (601) 580-5335
    We can help!
    Listing Contact
    Joanna Martin, Associate Broker
    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!