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

    8 Kensington Place Columbus, MS 39705

    View on Map
    Claim this Listing
    For Sale
    $55,000

    LAND - Columbus, MS

    Lot size:
    1.37 Acres
    Added:
    Apr 22, 2026
    Days on Market:
    12
    Last Refresh:
    May 3 at 9:06 pm

    Property Features for 8 Kensington Place

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-1
    Standard status
    Active
    APN
    56W100100910
    Lot size
    1.37 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    537

    We can help!

    Listing Contact
    KELLY FRADY

    Listing agent KELLY FRADY

    Listing office COLDWELL BANKER FRADY & ASSOCIATES 2500 Military Road, Suite 1, MS

    Listing date Apr 22, 2026

    MLS# 26-922 Listing URL

    Copyright © 2026 Golden Triangle Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Land Near Conveniences

    This 1.37-acre lot is located in Columbus, MS, and is suitable for residential use. The property is situated minutes from local restaurants, shopping, and other conveniences. Restrictive covenants are in place to help preserve the quality and character of the surrounding area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Lowndes
    State
    Mississippi
    Longitude
    -88.421106
    Latitude
    33.528853

    Nearby Similar for Sale

    • $398,000
      8,400 SF

      Commercial Building with Warehouse Space

      Income-producing commercial property with offices and warehouse in Columbus, MS.
      201 N Browder St, Columbus, MS 39702
      View Details
    • $515,000

      Prime Downtown Columbus Corner Lot

      One-acre corner lot in historic downtown Columbus, Mississippi.
      321 Main Street, Columbus, MS 39701
      View Details
    • $699,900

      Prime Development Land Opportunity

      High-visibility corner lot with extensive frontage and development potential.
      Hwy 45 N, Columbus, MS 39705
      View Details
    • $500,000

      Commercial Property Off Highway 82

      Prime commercial property with high visibility and steady traffic exposure.
      1291 S Frontage Rd, Columbus, MS 39701
      View Details
    • $375,000

      East Columbus Land Opportunity

      7.12 acres in East Columbus with development potential.
      N Lehmberg Rd, Columbus, MS 39702
      View Details
    • $408,500
      5,503 SF

      Fully Occupied Multifamily Investment

      Six-unit multifamily property in Columbus, MS generating $3,435/month.
      1024 3rd Avenue N, Columbus, MS 39701
      View Details
    • $499,900
      5,680 SF

      Turnkey Automotive Service Business

      Established automotive service business for sale in Columbus, MS.
      110 Tuscaloosa Rd, Columbus, MS 39702
      View Details
    • $319,000
      4,013 SF

      Multifamily Investment Opportunity in Columbus

      Value-add 5-unit property with income growth potential.
      622 4th S, Columbus, MS 39701
      View Details
    • $349,000
      3,237 SF

      Columbus Commercial Building For Sale

      Commercial building in good condition, suitable for office or clinic.
      2311 Martin Luther King Jr Dr, Columbus, MS 39705
      View Details
    • $379,000
      3,678 SF

      Columbus Multifamily Investment Opportunity

      Six-unit property generating $43,860 annual gross rents.
      817 College St, Columbus, MS 39701
      View Details
    • $700,000
      1,984 SF

      Turnkey Nail Spa on Highway

      Move-in ready nail spa with high visibility and traffic.
      703 Hwy 45 N, Columbus, MS 39701
      View Details
    • $339,000
      3,001 SF

      Income-Producing Multifamily Property

      Five-unit property generating $2,975 monthly income in Columbus, MS.
      624 4th S, Columbus, MS 39701
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.37-acre residential lot near restaurants and shopping in Columbus, MS.
    Where is this residential land & home lot located?
    The property is located at 8 Kensington Place Columbus, MS.
    What is the asking price?
    The asking price for this property is $55,000.
    What are key features of this property?
    This property features: 1.37‑acre lot provides ample space and flexibility.; Conveniently located minutes from restaurants, shopping, and other conveniences.; Restrictive covenants help preserve the quality and character of the area.
    (662) 328-7500
    We can help!
    Listing Contact
    KELLY FRADY
    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

    8 Kensington Place, Columbus, MS 39705

    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!