Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Pearl, MS Industrial Land Title is generated by Realmo AI

    Concourse Dr, Pearl, MS 39208

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    1.98 acre industrial land for sale in Pearl, MS.

    Type:Land
    Lot size:
    1.98 Acres
    Added:
    Mar 17, 2023
    Days on Market:
    1177
    Last Refresh:
    May 12 at 9:32 pm

    Property Features for Concourse Dr

    General Information

    Standard status
    Active
    Lot size
    1.98 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    John Michael Holtmann

    Listing agent John Michael Holtmann License #MS 23573

    Listing office Duckworth Realty, Inc.

    Listing date Mar 17, 2023

    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

    • 1.98 Acres zoned Warehouse District (WHD)
    • Located on Concourse Drive in Pearl, MS
    • Part of Concourse Drive Airpark
    • Directly off Highway 80
    • Quick access to multiple highways: Highway 80, I‑20, I‑55, Hwy 475, Hwy 49, Hwy 25, and Hwy 18
    • Area experiencing excellent growth with new facilities being built

    Overview

    This +/-1.98 acre site is zoned Warehouse District (WHD) and located on Concourse Drive in Pearl, MS. The property is part of the Concourse Drive Airpark, situated directly off Highway 80. Its location provides access to Highway 80, I-20, I-55, Hwy 475, Hwy 49, Hwy 25, and Hwy 18. Concourse Drive has seen growth in recent years, with ongoing facility construction. This location is suitable for an industrial or office user.
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial land

    Map

    City
    Pearl
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.06459
    Latitude
    32.280739

    Nearby Similar for Sale

    • $449,999
      3,000 SF

      Commercial Property with Two Buildings

      Two buildings on two lots with income and growth potential.
      3539 Old Brandon Road, Pearl, MS 39208
      View Details
    • $1,275,000
      16,600 SF

      Functional Industrial Asset in Pearl

      16,600 SF industrial property on 9.3 acres in Pearl, MS.
      720 M & O Drive, Pearl, MS 39208
      View Details
    • $147,000

      Commercial Property in Growing Area

      Ideally located property perfect for retail or office in Pearl.
      Cross Park Drive, Pearl, MS 39208
      View Details
    • $950,000
      7,550 SF

      Pearl Office Building Investment

      7,550 SF office building with six units in Pearl.
      109 Westside Cv, Pearl, MS 39208
      View Details
    • $135,000

      Commercial Land in Pearl, MS

      1.41+/- acre commercial parcel ready for development in Pearl, MS.
      River Ridge Parkway, Pearl, MS 39208
      View Details
    • $1,100,000

      Pearl, MS Commercial Land

      7.93 acres of commercial land with high visibility.
      1803 Old Whitfield Road, Pearl, MS 39208
      View Details
    • $1,300,000
      5,000 SF

      Flex Warehouse Buildings For Sale

      Two flex warehouse buildings on 1.2 acres in Pearl, MS.
      228 & 224 North Pearson Road, Pearl, MS 39208
      View Details
    • $385,000

      Pearl, MS Commercial Land

      Highly visible commercial land in the East Metro Corridor District.
      Old Brandon Road, Pearl, MS 39208
      View Details
    • $649,500

      Prime Land with Interstate Frontage

      4.43 acres with high visibility and traffic exposure.
      1807 Old Whitfield Road, Pearl, MS 39208
      View Details
    • $249,995
      6,066 SF

      Pearl Office Building For Sale

      6,066 SF office building in a prime Pearl location.
      305 S Pearson Rd, Pearl, MS 39208
      View Details
    • $240,000
      3,344 SF

      3,344 SF Flex/Office Property

      Flex/Office property for sale or lease in Pearl, MS.
      307 South Pearson Road | Pearl, MS 39208
      View Details
    • $195,000
      160,736 SF

      Undeveloped Commercial Land Near Airport

      3.69 acres of commercially zoned land in Pearl, Mississippi.
      Hwy 475, Pearl, MS 39208
      View Details

    FAQs

    What type of property is this?
    Industrial land - 1.98 acre industrial land for sale in Pearl, MS.
    Where is this industrial land located?
    The property is located at Concourse Dr Pearl, MS.
    What is the asking price?
    The asking price for this property is $185,500.
    What are key features of this property?
    This property features: 1.98 Acres zoned Warehouse District (WHD); Located on Concourse Drive in Pearl, MS; Part of Concourse Drive Airpark
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    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
    Concourse Dr, Pearl, MS 39208
    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!