Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land on Highway 49 Title is generated by Realmo AI

    1164 Old Pearson Rd, Richland, MS 39218

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Land on Highway 49 near residential and commercial properties.

    Type:Land
    Added:
    Oct 1, 2024
    Days on Market:
    611
    Last Refresh:
    May 12 at 11:35 pm

    Property Features for 1164 Old Pearson Rd

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Jeff Speed
    Jeff Speed

    Listing agent Jeff Speed License #MS B16810

    Listing office Speed Commercial Real Estate

    Listing date Oct 1, 2024

    Source Crexi

    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 Speed Commercial Real Estate

    HighLights

    • Directly on Hwy 49, a major transportation route.
    • Newly completed 4‑lane highway.
    • Convenient access for travelers.
    • Mix of residential and commercial properties nearby.
    • Suitable for investors.
    • Connects metro area to MS Coast, Mobile, and Florida beaches.

    Overview

    The Old Pearson Road property is located directly on Highway 49, a main route for traffic moving from the metro area south towards the Mississippi Coast, Mobile, and Florida beaches. A newly completed four-lane project enhances the highway for both local residents and travelers. The location offers proximity to major transportation routes and is surrounded by a mix of residential and commercial properties.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Richland
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.165
    Latitude
    32.2326

    Nearby Similar for Sale

    • $900,000
      154,638 SF

      Richland Commercial Land For Sale

      3.55-acre commercial parcel with high visibility and access.
      220 Lowe Circle, Richland, MS 39218
      View Details
    • $388,500
      2,500 SF

      Office Warehouse on Highway Frontage

      Small office warehouse with frontage on Highway 49.
      625 Highway 49, Richland, MS 39218
      View Details
    • $675,000

      Prime Commercial Site on Highway

      High-visibility commercial land on a rapidly growing corridor.
      Us-49 Highway, Richland, MS 39218
      View Details
    • $2,100,000

      Rankin County Land Opportunity

      420-acre tract in Rankin County with development and recreational potential.
      N S Pearson Road, Richland, MS 39218
      View Details
    • $550,000

      Prime Commercial Land Opportunity

      Ideal commercial land for restaurants and other businesses.
      842 Highway 49 N Road, Richland, MS 39218
      View Details
    • $350,000

      Highway 49 Land Parcels

      Two highly visible land parcels on Highway 49.
      110 Monterey Rd | Richland, MS 39218
      View Details
    • Contact for pricing
      33,000 SF

      Richland Industrial Facility with Expansion

      33,000 SF facility on 3.3 acres in Richland, MS.
      160 Interstate Drive, Richland, MS 39218
      View Details
    • Contact for pricing
      20,000 SF

      Richland Industrial Facility with Expansion

      20,000 SF facility expandable by 30,000 SF on 8.7 acres.
      327 Leggett Drive, Richland, MS 39218
      View Details
    • $325,000
      39,204 SF

      Richland Land with Highway Frontage

      0.90-acre commercial land with utilities in Richland, Mississippi.
      1065 Highway 49, Richland, MS 39218
      View Details
    • $1,490,000

      Highway 49 Commercial Land Parcels

      Two commercial land parcels available in a growing Richland market.
      110 Monterey Road, Richland, MS
      View Details
    • $240,000

      Richland, MS Wooded Land

      7.89 acres of wooded land zoned for multi-family use.
      Roland Drive, Richland, MS 39218
      View Details
    • $547,000

      Richland Industrial Land For Sale

      Shovel-ready industrial site with excellent access and visibility.
      Transload Drive, Richland, MS 39218
      View Details

    FAQs

    What type of property is this?
    Commercial land - Land on Highway 49 near residential and commercial properties.
    Where is this commercial land located?
    The property is located at 1164 Old Pearson Rd Richland, MS.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Directly on Hwy 49, a major transportation route.; Newly completed 4‑lane highway.; Convenient access for travelers.
    (601) 987-0202 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jeff Speed
    Jeff Speed
    Real Estate License ID: MS B16810
    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

    Thank You for Inquiry
    1164 Old Pearson Rd, Richland, MS 39218
    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!