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    Fenced Industrial Shop on 2 Acres Title is generated by Realmo AI

    86 North Street, Carriere, MS 39426

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    New
    For Sale
    $175,000

    LAND - Carriere, MS

    Property size:
    1,500 SF
    Lot size:
    2.00 Acres
    Price / SF:
    $116/SF
    Added:
    Jun 5, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 6 at 3:06 am

    Property Features for 86 North Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    No Restrictions
    Standard status
    Active
    APN
    4169300000003515
    Lot size
    2.00 Acres

    Utilities

    Sewer type
    Septic Tank
    Water source
    Public

    We can help!

    Listing Contact
    Antha Mitchell
    Antha Mitchell

    Listing agent Antha Mitchell License #S-42724

    Listing office The Smith Group Realty 301 Williams Ave, Picayune, MS

    Listing date Jun 5, 2026

    MLS# 187936 Listing URL

    Copyright © 2026 Pearl River County Board 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.

    HighLights

    • 2 fully usable, fenced acres with no restrictions
    • 30' x 50' three‑bay shop on a concrete slab
    • Shop includes a half bath, window‑unit air conditioning, septic system, water service, and 50‑amp RV hookup
    • Two 16' x 50' lean‑tos provide additional covered storage or workspace
    • Double driveway for easy access
    • Mobile homes are permitted; includes mature oak and pecan trees

    Overview

    This sale includes a fully usable, fenced 2-acre property with a 30’ x 50’ three-bay shop on a concrete slab, plus two 16’ x 50’ lean-tos for additional covered storage or workspace. The shop currently includes a half bath and is served with septic and water. For comfort and practicality, it has window-unit air conditioning, and it includes a 50-amp RV hookup, which can support a range of operational setups. Mobile homes are permitted, adding flexibility for future use, whether the property is operated as-is or adapted over time.

    The site features a double driveway for convenient access and easy vehicle circulation. Mature oak and pecan trees are on the property, contributing to a country setting while keeping the acreage functional and straightforward to use.

    With “No Restrictions” zoning, this property is positioned for buyers seeking flexibility—whether for a workshop, business location, or a homesite with on-site storage. The existing shop and covered structures provide an immediate, usable footprint for projects that require both open work area and covered space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Department Store Food Market Grocery & Convenience Store

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

    Similar Places Nearby

    • McNeill Mini Storage and Covered Parking — 2 Alphabet Ave, Carriere, MS 39426
    • Lumpkin & Sons Mini-Storage — 7157 US-11, Carriere, MS 39426

    Location Insight

    • Map
    • Local Demand
    City
    Carriere
    County
    Pearl River
    State
    Mississippi
    Longitude
    -89.645897
    Latitude
    30.6639993

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    FAQs

    What type of property is this?
    Warehouse - Fenced 2-acre property with a three-bay concrete slab shop and covered lean-tos, set up for varied business and residential use.
    Where is this warehouse located?
    The property is located at 86 North Street Carriere, MS.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: 2 fully usable, fenced acres with no restrictions; 30' x 50' three‑bay shop on a concrete slab; Shop includes a half bath, window‑unit air conditioning, septic system, water service, and 50‑amp RV hookup
    (769) 926-8397
    We can help!
    Listing Contact
    Antha Mitchell
    Antha Mitchell
    Real Estate License ID: S-42724
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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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