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

    1111 Mount Olive Rd Se, Bogue Chitto, MS 39629

    View on Map
    Claim this Listing
    For Sale
    $430,000

    Land available on Mount Olive Rd Se, Bogue Chitto, MS

    Type:Land
    Added:
    Mar 5, 2025
    Days on Market:
    453
    Last Refresh:
    Mar 16 at 8:23 am

    Property Features for 1111 Mount Olive Rd Se

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Lynn James

    Listing agent Lynn James License #S55973

    Listing office Cabin & Creek Real Estate

    Listing date Mar 5, 2025

    Source Evrealestate

    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 Cabin & Creek Real Estate

    HighLights

    • Located on Mount Olive Rd SE.
    • Situated approximately 1 mile from Pricedale Dr SE.
    • Positioned on the left after crossing the bridge.
    • Accessible from Pricedale Dr SE after turning left from Hog Chain Dr SE.
    • Located 0.3 miles from the intersection of Pricedale Dr SE and Hog Chain Dr SE.
    • Located in Lincoln County.

    Overview

    Located off Hwy 84, the property is accessible by turning onto Hog Chain Dr SE, proceeding for 3 miles, then turning left onto Pricedale Dr SE for 0.3 miles, and finally turning left onto Mount Olive Rd SE. The land is situated approximately 1 mile from this final turn, beginning immediately after crossing the bridge on the left.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Bogue Chitto
    County
    Lincoln
    State
    Mississippi
    Longitude
    -90.418116
    Latitude
    31.491499

    Nearby Similar for Sale

    • $150,000
      2,527 SF

      Versatile Commercial Building on Highway 51

      2,527 SF commercial building suitable for various trade businesses.
      2849 U.S. 51, Bogue Chitto, MS 39629
      View Details
    • $295,000
      1,680 SF

      Tenant-Occupied Mobile Home Investment

      Turnkey investment opportunity with immediate income and expansion potential.
      1404 SW Gene Road, Bogue Chitto, MS 39629
      View Details
    • $640,000

      Bogue Chitto Riverfront Hunting Land

      160+/- acre hunting property with river frontage in Mississippi.
      Bogue Chitto Road, Bogue Chitto, MS 39629
      View Details
    • $1,500,000

      Bogue Chitto Riverfront Land

      357-acre tract with river access and timber.
      U.S. Highway 51, Bogue Chitto, MS 39629
      View Details
    • $346,500

      Secluded Acreage with Creek Access

      66+/- acres of secluded land with creek, ideal for recreation.
      SW Auburn Drive, Bogue Chitto, MS 39629
      View Details
    • $150,000

      Secluded Recreational Land with Creek

      30-acre wooded tract with creek, ideal for hunting.
      SW Auburn Drive, Bogue Chitto, MS 39629
      View Details
    • $525,000

      Recreational Land with Waterfront Views

      105-acre recreational property with river frontage near Brookhaven, Mississippi.
      Us-51, Bogue Chitto, MS 39629
      View Details
    • $117,465

      Wooded Land Near I-55

      18.7 wooded acres, ideal homesite or private getaway near I-55.
      SE Lee Drive, Bogue Chitto, MS 39629
      View Details
    • $126,500

      23-Acre Wooded Tract in Bogue Chitto

      23 acres with mature timber, ideal for building or recreation.
      SE Pricedale Drive, Bogue Chitto, MS 39629
      View Details
    • $295,000
      1,680 SF

      West Lincoln Investment Opportunity

      Tenant-occupied mobile homes with expansion potential in West Lincoln School District.
      1404 Gene Road Southwest, Bogue Chitto, MS 39629
      View Details
    • $87,000

      Established Gravel Pit in Bogue Chitto

      24+/- acre gravel pit between Brookhaven and McComb, Mississippi.
      2573 SE Pricedale Drive, Bogue Chitto, MS 39629
      View Details
    • $430,000

      Land in Enterprise School District

      86 acres of land with road system and food plots.
      1111 Mount Olive Rd SE, Bogue Chitto, MS 39629
      View Details

    FAQs

    What type of property is this?
    Land - Land available on Mount Olive Rd Se, Bogue Chitto, MS
    Where is this land located?
    The property is located at 1111 Mount Olive Rd Se Bogue Chitto, MS.
    What is the asking price?
    The asking price for this property is $430,000.
    What are key features of this property?
    This property features: Located on Mount Olive Rd SE.; Situated approximately 1 mile from Pricedale Dr SE.; Positioned on the left after crossing the bridge.
    (601) 807-7046
    We can help!
    Listing Contact
    Lynn James
    Real Estate License ID: S55973
    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
    1111 Mount Olive Rd Se, Bogue Chitto, MS 39629
    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!