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    Recreational Hunting and Barn Property Title is generated by Realmo AI

    447 County Road 215, Abbeville, MS 38601

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    For Sale
    $2,250,000

    Versatile 204.9-acre tract with a cedar barn-shop and managed hunting grounds near Oxford Square.

    Type:Unimproved Land
    Added:
    Mar 5, 2026
    Days on Market:
    95
    Last Refresh:
    Jun 6 at 2:06 am

    Property Features for 447 County Road 215

    General Information

    Standard status
    Active
    Property subtype
    Unimproved Land

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    Listing Contact
    Michael Oswalt

    Listing agent Michael Oswalt License #B17688

    Listing office SmallTown Hunting Properties & Real Estate

    Listing date Mar 5, 2026

    Source Kw

    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 SmallTown Hunting Properties & Real Estate

    HighLights

    • 204.9‑acre tract set at the end of a long private, deeded driveway
    • 38x40 western red cedar barn/shop on a 38x60 concrete slab with roll‑up doors
    • Two covered areas attached to the barn/shop
    • Managed for antler growth and herd size for hunting, with results shown in photos
    • Winter prescribed burn program used to support turkey hunting and native quail habitat
    • Electricity connected

    Overview

    This property is a 204.9-acre ranch and recreation tract offered in a well-maintained, upgrade-focused condition. It features a 38 x 40 western red cedar barn/shop sitting on a 38 x 60 concrete slab, with roll-up doors and two covered areas for equipment storage and covered use. The land has been managed as hunting and recreation grounds, including a winter prescribed burn program intended to support turkey habitat, along with management described for antler growth and herd size.

    The homesite and primary improvements are positioned at the end of a long private, deeded driveway, giving the property a secluded feel while still keeping it close to local destinations. Public remarks note proximity to Oxford Square (less than 6 miles), making it practical for buyers who want land time without being far from town.

    For tenants, buyers, or operators seeking a sizable farm-style property with on-site storage, the combination of the barn/shop infrastructure and actively managed grounds provides a straightforward setup for ongoing recreation and hunting use. The configuration also supports a dual-purpose approach, pairing a usable homesite with dedicated outbuilding space and land management practices geared toward wildlife habitat.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Abbeville
    County
    Lafayette
    State
    Mississippi
    Longitude
    -89.458456
    Latitude
    34.4443

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      164.5 Acres of Farmland

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    FAQs

    What type of property is this?
    Ranch - Versatile 204.9-acre tract with a cedar barn-shop and managed hunting grounds near Oxford Square.
    Where is this ranch located?
    The property is located at 447 County Road 215 Abbeville, MS.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: 204.9‑acre tract set at the end of a long private, deeded driveway; 38x40 western red cedar barn/shop on a 38x60 concrete slab with roll‑up doors; Two covered areas attached to the barn/shop
    (769) 888-2522
    We can help!
    Listing Contact
    Michael Oswalt
    Real Estate License ID: B17688
    Learn More
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    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.

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