Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Thompson Rd Louisville, MS 39339

    View on Map
    Claim this Listing
    For Sale
    $235,000

    LAND - Louisville, MS

    Lot size:
    13.50 Acres
    Added:
    Sep 9, 2025
    Days on Market:
    234
    Last Refresh:
    Apr 30 at 2:06 pm

    Property Features for Thompson Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    151150021 0000202
    Lot size
    13.50 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    PT S2 NW4 NE4
    Tax Annual Amount
    36

    We can help!

    Listing Contact
    Sophia Otis

    Listing agent Sophia Otis License #S55544

    Listing office Keller Williams 201 E Layfair Dr, Ste 240, Flowood, MS

    Listing date Sep 9, 2025

    MLS# 4125067 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.

    Overview

    Land in Louisville, Mississippi

    This 13.5-acre parcel of land is located in Louisville, Mississippi. The property is suitable for a custom home and offers potential for investment and future development. It is located on Thompson Rd in Winston County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Louisville
    County
    Winston
    State
    Mississippi
    Longitude
    -89.173898
    Latitude
    33.146384

    Nearby Similar for Sale

    • $34,000

      20 Acres Hunting Land

      20 acre hunting and recreational land near Louisville, Mississippi.
      000 Highway 393, Louisville, MS 39339
      View Details
    • $390,000

      105 Acres Land in Louisville, MS

      105 acres with timber ready for harvest in Spring 2026.
      Young Crossing Rd, Louisville, MS 39339
      View Details
    • $252,000

      Versatile Land in Winston County

      100.8 acres perfect for hunting, timber investment, and recreation.
      000 Mount Calvary Church Road, Louisville, MS 39339
      View Details
    • $550,000

      Commercial Lot Near Highway

      Commercial land near Highway 15/14 intersection, adjacent to McDonald's.
      15 North St, Louisville, MS 39339
      View Details
    • $270,000

      Residential Land Development Opportunity

      19.4-acre surveyed property ideal for residential development.
      159 D B Williamson Rd # B, Louisville, MS 39339
      View Details
    • $6,000

      Louisville, MS Vacant Land

      1.2± acres in Louisville, MS, ready for development.
      609 East John C. Stennis Drive, Louisville, MS 39339
      View Details
    • $230,000

      Winston County Land Near Louisville

      160 acres of rural land with mixed regrowth.
      Sylvester Hudson Road, Louisville, MS 39339
      View Details
    • $240,000

      160 Acres in Tombigbee Forest

      Recreational and hunting land in Winston County, Mississippi.
      4286 Sheep Ranch Road, Louisville, MS 39339
      View Details
    • $495,000
      1,992 SF

      Highway Frontage Commercial Property

      Commercial property with high visibility and accessibility on 6.7 acres.
      762 Evergreen Church Road, Louisville, MS 39339
      View Details
    • $233,240

      Winston County Acreage with Mill Creek

      68.6 acres in Winston County with timber and creek.
      Brooksville Rd, , MS 39339
      View Details
    • $649,000

      Renovated Farmhouse on Prime Hunting Land

      122-acre property with renovated farmhouse, lake, and hunting opportunities.
      385 Albert Mcmillin Road, Louisville, MS 39339
      View Details
    • $325,000
      5,000 SF

      Retail Property with Apartment

      5,000 SF retail space with second story apartment.
      116 West Main Street | Louisville, MS 39339
      View Details

    FAQs

    What type of property is this?
    Land - Spacious land ideal for custom build or recreational use.
    Where is this land located?
    The property is located at Thompson Rd Louisville, MS.
    What is the asking price?
    The asking price for this property is $235,000.
    What are key features of this property?
    This property features: Spacious land ideal for custom build.; Limitless potential for recreational use.; Perfect parcel for a custom home.
    (601) 977-9411
    We can help!
    Listing Contact
    Sophia Otis
    Real Estate License ID: S55544
    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!