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

    3073 Park Drive Ext McComb, MS 39648

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,670,000

    122-acre area in McComb, MS, with frontage on I-55.

    Property size:
    122 SF

    Property Features for 3073 Park Drive Ext

    General Information

    Standard status
    Active
    Size
    122 SF

    We can help!

    Listing Contact
    Richard Ridgway
    Source: Cbre

    Listing Agent: Richard Ridgway

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

    Learn more

    Overview

    122-Acre Land Area For Sale

    The property is a 122.41-acre area located in McComb, MS, near the Delaware exit on I-55. It features a half-mile of frontage along I-55 and is easily accessible via Oliver Emmerich Drive and Park Drive Ext., with the latter bridging over I-55. The property is suitable for a diverse range of uses, including retail, office, and service uses along the interstate. It can also accommodate both high and low-density residential structures, particularly along the Little Tangipahoa River.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    McComb
    County
    Pike
    State
    Mississippi
    Longitude
    -90.484135
    Latitude
    31.236388

    Nearby Similar for Sale

    • $450,000
      6,000 SF

      McComb Commercial Property For Sale

      6,000 SF commercial property with diverse tenant potential.
      1405 Aston Ave, McComb, MS 39648
      View Details
    • New
      $259,500
      7,121 SF

      Historic Three-Story Building in McComb

      7,121 sq ft historic building in need of restoration.
      114 State St, McComb, MS 39648
      View Details
    • $499,900
      Pending

      Renovated Office Building in McComb

      Move-in ready, renovated office building in downtown McComb, Mississippi.
      210 State St, McComb, MS 39648
      View Details
    • $450,000
      6,400 SF

      Turnkey Daycare Business Opportunity

      Established daycare center for sale with high capacity and revenue.
      1136 Labranch St, McComb, MS 39648
      View Details
    • $175,000
      2,980 SF

      Downtown McComb Commercial Office Building

      Well-maintained office building in downtown McComb, offering excellent visibility.
      225 Canal St, McComb, MS 39648
      View Details
    • $375,000
      4,941 SF

      Commercial Building on High-Traffic Highway

      Commercial building on 1.34 acres with ample parking.
      529 W Presley Blvd, McComb, MS 39648
      View Details
    • $295,000
      5,997 SF

      Commercial Property in McComb, MS

      Commercial property with multiple units in a prime location.
      612 Delaware Ave, McComb, MS 39648
      View Details
    • $109,000
      421 SF

      Commercial Space on Georgia Avenue

      421 sq ft commercial space on 0.65-acre lot.
      506 W Georgia Ave, McComb, MS 39648
      View Details
    • $330,000
      1,568 SF

      Prime Commercial Building on Delaware

      High-visibility commercial building on the bustling Delaware Strip.
      1313 Delaware Ave, McComb, MS 39648
      View Details
    • $135,000
      1,500 SF

      Commercial Property on Delaware Avenue

      Commercial property with 1,500 sqft in a prime location.
      620 Delaware Ave, McComb, MS 39648
      View Details
    • $275,000
      7,000 SF

      Historic Downtown McComb Commercial Building

      Expansive 7000 SF commercial building in revitalizing downtown McComb.
      125 S Front St, McComb, MS 39648
      View Details
    • $99,500
      1,194 SF

      McComb, MS Office Building

      Well-maintained office building perfect for a small business.
      220 Canal St, McComb, MS 39648
      View Details

    FAQs

    What type of property is this?
    Commercial land - 122-acre area in McComb, MS, with frontage on I-55.
    Where is this commercial land located?
    The property is located at 3073 Park Drive Ext McComb, MS.
    What is the asking price?
    The asking price for this property is $2,670,000.
    What are key features of this property?
    This property features: - 122.41-acre area suitable for diverse development; - Boasts a half-mile frontage along I-55; - Easily accessible via Oliver Emmerich Drive and Park Drive Ext.
    Request Owner's contact information
    3073 Park Drive Ext McComb, MS 39648
    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.
    3073 Park Drive Ext
    McComb, MS 39648
    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
    3073 Park Drive Ext McComb, MS 39648
    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
    Richard Ridgway
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!