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

    6499 Highway 11 North Picayune, MS 39466

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial land with high-traffic frontage on rapidly growing corridor.

    Type:Land, Multifamily, Office, Industrial
    Added:
    Jul 15, 2023
    Days on Market:
    998
    Last Refresh:
    Mar 17 at 1:23 pm

    Property Features for 6499 Highway 11 North

    General Information

    Standard status
    Active
    Property subtype
    Land, Multifamily, Office, Industrial

    We can help!

    Listing Contact
    Woody Spiers

    Listing agent Woody Spiers License #MS

    Listing office RE/MAX Premier Group

    Listing date Jul 15, 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 RE/MAX Premier Group

    Overview

    Prime Commercial Land on Highway

    This commercial land is located on the heavily traveled Highway 11 North corridor, an area experiencing rapid commercial development with dentist offices, medical clinics, insurance offices, a power company office, climate-controlled storage, and convenience stores. The property features approximately 530 feet of frontage. It is situated outside the city limits but could be annexed, with city water and sewer services available on the east side of Highway 11, across from the property. Plat and survey should be relied on for property boundaries.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Picayune
    County
    Pearl River
    State
    Mississippi
    Longitude
    -89.666608
    Latitude
    30.554757

    Nearby Similar for Sale

    • $425,000
      5,696 SF

      Downtown Picayune Commercial Investment Opportunity

      Two-story, fully leased commercial building in downtown Picayune.
      118 E Canal Street, Picayune, MS 39466
      View Details
    • $499,000
      4,410 SF

      Picayune Church Property For Sale

      Community church with sanctuary, meeting rooms, kitchen, and ample parking.
      1700 GOODYEAR BLVD, Picayune, MS 39466
      View Details
    • $650,000
      6,755 SF

      Versatile Commercial Property on Highway

      6,755 sq ft commercial property on 1.32 acres.
      2467 Highway 43 South, Picayune, MS 39466
      View Details
    • $399,900
      3,915 SF

      Prime Commercial Building in Picayune

      Spacious commercial building with multiple suites in prime location.
      707 Memorial Blvd., Picayune, MS 39466
      View Details
    • $2,100,000
      12,160 SF

      Picayune Commercial Building For Sale

      Commercial building in high-traffic area near interstate and major retailers.
      16 Merrill Road, Picayune, MS 39466
      View Details
    • $325,000
      4,912 SF

      Turnkey Auto Repair Business

      Established auto repair business on 1.82 acres.
      1747 Hwy.11 South, Picayune, MS 39466
      View Details
    • $765,784

      Prime Commercial Land on Highway

      Undeveloped commercial land with high-traffic frontage on Highway 11.
      6499 Highway 11 North, Picayune, MS 39466
      View Details
    • $1,150,000
      10,800 SF

      Profitable Cinema on High-Traffic Location

      10,800 sq. ft. cinema on 1.9 acres near I-59.
      997 Cooper Road, Picayune, MS 39466
      View Details
    • $225,000
      1,920 SF

      Turn-Key Commercial Building in Picayune

      Move-in ready commercial building in the heart of Picayune, MS.
      320 S Curran, Picayune, MS 39466
      View Details
    • $450,000
      3,064 SF

      Picayune Commercial Building For Sale

      3,010 sq ft building on 1.02 acres near I-59.
      2508 Hwy 43 S, Picayune, MS 39466
      View Details
    • $269,000
      7,500 SF

      7,500 SF Warehouse on 2 Acres

      Warehouse on 2 acres with office space for sale.
      1817 Palestine Rd, Picayune, MS 39466
      View Details
    • $640,000
      21,350 SF

      Commercial Property on 3.4 Acres

      Three buildings on 3.4 acres, suitable for various commercial uses.
      1007 Highway 11 South, Picayune, MS 39466
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land with high-traffic frontage on rapidly growing corridor.
    Where is this commercial land located?
    The property is located at 6499 Highway 11 North Picayune, MS.
    What is the asking price?
    The asking price for this property is $765,784.
    What are key features of this property?
    This property features: Prime commercial land on rapidly growing Highway 11 North corridor.; Approximately 530' of highway frontage.; High traffic location suitable for commercial development.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Woody Spiers
    Real Estate License ID: MS
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!