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

    208 Hardy Rd, Madison, MS 39110

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    40 acres of land available for sale.

    Type:Land
    Lot size:
    40.00 Acres
    Added:
    Mar 17, 2026
    Days on Market:
    68
    Last Refresh:
    Mar 20 at 12:00 am

    Property Features for 208 Hardy Rd

    General Information

    Standard status
    Active
    Lot size
    40.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    John Michael Holtmann
    John Michael Holtmann

    Listing agent John Michael Holtmann License #MS 23573

    Listing office Duckworth Realty, Inc.

    Listing date Mar 17, 2026

    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 Duckworth Realty, Inc.

    HighLights

    • 40 acres of land

    Overview

    This property features 40 acres of land. It is located at 208 Hardy Rd, Madison, MS 39110.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Auto Repair Shop Gym & Fitness Center Kitchen & Bath Showroom Garden Center Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Madison
    State
    Mississippi
    Longitude
    -90.176796
    Latitude
    32.46776

    Nearby Similar for Sale

    • $4,175,000
      12,000 SF

      Turnkey Facility in High-Growth Corridor

      Premier 12,000 SF facility on 1.91 acres in Gluckstadt.
      112 Dees Drive, Madison, MS 39110
      View Details
    • $3,267,000
      130,680 SF

      Prime Commercial Land Opportunity

      3-acre commercial land in Gluckstadt's growing area.
      1037 Gluckstadt Road, Madison, MS 39110
      View Details
    • $5,500,000
      283,140 SF

      Prime Commercial Land in Madison

      6.5 acres in high-growth area near entertainment district.
      Galleria Parkway, Madison, MS 39110
      View Details
    • $1,000,000
      92,347 SF

      Commercial Land in Growing Submarket

      2.12-acre commercial tract in Gluckstadt, Madison County, Mississippi.
      Weisenberger Road, Madison, MS 39110
      View Details
    • $1,524,600

      Prime Commercial Parcel in Madison

      One-acre commercial land parcel in Gluckstadt, near I-55.
      Calhoun Station Parkway, Madison, MS 39110
      View Details
    • $2,154,913

      Gluckstadt I-55 Commercial Lot

      Divisible commercial lot with high I-55 visibility in Gluckstadt.
      415 Business Park Drive, Madison, MS 39110
      View Details
    • $479,000

      Ready Commercial Land Near Highway

      2.06 acre commercial tract near Highway 51 in Gluckstadt, MS.
      TBD Highway 51, Madison, MS 39110
      View Details
    • $129,000

      Wooded Lot in Gated Community

      Build your dream home in a peaceful, private Madison setting.
      Chantilly Drive lot: 4, Madison, MS 39110
      View Details
    • $263,720

      Residential Land in Madison, MS

      Large lot in secluded subdivision near Gluckstadt, MS.
      159 Hunters Cove lot: 2, Madison, MS 39110
      View Details
    • $160,000

      Residential Land in Reunion, Madison

      Residential land for sale in Reunion community, Madison, Mississippi.
      Q-37 Lake Village Drive lot: 37, Madison, MS 39110
      View Details
    • $110,000

      Annandale Golf Club Land

      Residential lot in Annandale Subdivision, Madison, MS.
      111 Bristol Court lot: 18, Madison, MS 39110
      View Details
    • $199,000

      Waterfront Lot in Gated Community

      Build your dream home on a waterfront lot!
      211 Northshore Place lot: 95, Madison, MS 39110
      View Details

    FAQs

    What type of property is this?
    Land - 40 acres of land available for sale.
    Where is this land located?
    The property is located at 208 Hardy Rd Madison, MS.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: 40 acres of land
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing John Michael Holtmann
    John Michael Holtmann
    Real Estate License ID: MS 23573
    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
    208 Hardy Rd, Madison, MS 39110
    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!