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

    00 Palmer Rd Ellisville, MS 39437

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $180,000

    15 acres of commercial land with high visibility.

    Type:Commercial/Industrial
    Lot size:
    15.00 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    12
    Last Refresh:
    Feb 10 at 8:22 am

    Property Features for 00 Palmer Rd

    General Information

    Standard status
    Active
    Lot size
    15.00 Acres
    Property subtype
    Commercial/Industrial

    We can help!

    Listing Contact
    Susan Blackledge

    Listing agent Susan Blackledge License #B23815

    Listing office Magnolia Real Estate

    Listing date Mar 24, 2026

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Magnolia Real Estate

    Overview

    15 Acres Commercial Land I-59

    This commercial land property offers 15 acres, with the potential for additional acreage. The location provides convenient access at the intersection of Highway 11 and Palmer Road, situated directly off Interstate 59. The site benefits from high visibility, making it suitable for establishing a new business. Furthermore, the property is located within an Opportunity Zone, which may provide significant tax advantages.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Hotel & Motel Auto Parts Store Storage Facility Discount Store Grocery & Convenience Store Clothing & Fashion Store (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ellisville
    County
    Jones
    State
    Mississippi
    Longitude
    -89.180967
    Latitude
    31.64124

    Nearby Similar for Sale

    • $368,000
      9,630 SF

      Historic Building in Downtown Ellisville

      9300+ sqft historic building with open floorplan and freight elevator.
      119 W Ivy St, Building 2, Ellisville, MS 39437
      View Details
    • $250,000
      6,102 SF

      Downtown Ellisville Two-Story Building

      Two-story building in downtown Ellisville with restaurant and office space.
      119 W Ivy St, Building 1, Ellisville, MS 39437
      View Details
    • $209,000
      5,000 SF

      Ellisville Warehouse/Office For Sale

      5,000 sq ft warehouse/office space suitable for business.
      45 Hal Crocker Road, Ellisville, MS 39437
      View Details
    • $199,999

      Ellisville Land For Sale

      2.7 acre commercial land with development potential in Ellisville.
      00 FRIDGE ST, Ellisville, MS 39437
      View Details
    • $386,000

      Commercial Land in Ellisville, MS

      Commercial property with high visibility in a high-traffic area.
      00 Hill Street, Ellisville, MS 39437
      View Details
    • $59,900

      Highway 11 Commercial Opportunity

      Ready-to-build lot with high visibility in Ellisville, MS.
      303 Devall St, Ellisville, MS 39437
      View Details
    • $45,000

      Ellisville Wooded Land For Sale

      3-acre wooded tract for homesite or investment in Ellisville, MS.
      79 Wade Davis Lot 2, Ellisville, MS 39437
      View Details
    • $425,000

      Commercial Land on Hwy 590

      8.5 acres of commercial land in a great location.
      00 Hwy 590, Ellisville, MS 39437
      View Details
    • $120,000

      Commercial Land I-59 Corridor Access

      1.6-acre commercial development opportunity off I-59 in Ellisville, MS.
      00 00 Hwy 11, Ellisville, MS 39437
      View Details
    • $45,000

      Ellisville Land with Wooded Tract

      Three-acre wooded tract in Ellisville, Mississippi, with unrestricted use.
      79 Wade Davis Lot 1, Ellisville, MS 39437
      View Details
    • $58,900

      6.2 Acres of Residential Land

      Unrestricted 6.2-acre property ready for your vision in Ellisville, MS.
      Lot 3 Timothy Rd., Ellisville, MS 39437
      View Details
    • $47,500

      Ellisville Land: 5.13 Acres

      Unrestricted 5.13-acre lot for custom home or getaway.
      Lot 2 Timothy Rd., Ellisville, MS 39437
      View Details

    FAQs

    What type of property is this?
    Commercial land - 15 acres of commercial land with high visibility.
    Where is this commercial land located?
    The property is located at 00 Palmer Rd Ellisville, MS.
    What is the asking price?
    The asking price for this property is $180,000.
    What are key features of this property?
    This property features: 15 acres with additional acreage available.; Located in an Opportunity Zone offering potential tax benefits.; Convenient location at the intersection of Hwy 11 and Palmer Rd, right off I59.
    (601) 433-2598
    We can help!
    Listing Contact
    Susan Blackledge
    Real Estate License ID: B23815
    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!