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    Luxury Ranch with Event Venue Title is generated by Realmo AI

    773 Old Camp Rd, Poplarville, MS 39470

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    Mississippi ranch with equestrian facilities, event venue, and lodging.

    Type:Hospitality, Land, Special Purpose
    Property size:
    8,863 SF
    Lot size:
    361.00 Acres
    Price / SF:
    $518/SF
    Added:
    Nov 12, 2024
    Days on Market:
    569
    Last Refresh:
    May 12 at 9:51 pm

    Property Features for 773 Old Camp Rd

    General Information

    Standard status
    Active
    Size
    8,863 SF
    Lot size
    361.00 Acres
    Property subtype
    Hospitality, Land, Special Purpose

    We can help!

    Listing Contact
    Patrick Gibson

    Listing agent Patrick Gibson License #MS B-18345

    Listing office Southern States Realty

    Listing date Nov 12, 2024

    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 Southern States Realty

    HighLights

    • 361‑acre luxury ranch with equestrian/livestock infrastructure and income‑generating potential.
    • Impressive 8,863 SF, 9‑bedroom lodge suitable for private use, retreats, or events.
    • 17,300 SF multi‑million‑dollar event facility (The Stables) with commercial kitchen, convertible to equestrian use.
    • Diversified income potential from equestrian/livestock operations, hospitality, events, and RV park.
    • Two stocked lakes, riding trails, lush pastures, and recreational appeal.
    • Arrowhead Cottage: a 2‑bedroom lakeside cottage with high‑end finishes, ideal for guests or owner's quarters.

    Overview

    Running Creek Ranch is a 361-acre property in Southeast Mississippi designed for horses, cattle, and long-term investment. The ranch features lush pastures, loafing sheds, riding trails, and two stocked lakes. The property includes an 8,863 SF, 9-bedroom lodge with a stone fireplace, elevated bar, and guest suites, along with a covered veranda featuring a commercial kitchen and stone fire pit. The ranch also includes a 17,300 SF facility known as The Stables, previously operated as an event venue accommodating up to 260 seated guests, with a commercial kitchen. This facility can be converted back into an equestrian facility. Additionally, Arrowhead Cottage is a 2-bedroom lakeside cottage overlooking Arrowhead Lake, featuring tall ceilings and high-end finishes. Next to the cottage is a 20-unit RV park with full power and water hook-ups. The ranch is positioned for diversified income from equestrian and livestock operations to hospitality, events, and sporting retreats. Until 2026, the ranch was an Orvis-endorsed hunting ground with sporting clay courses.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Poplarville
    County
    Pearl River
    State
    Mississippi
    Longitude
    -89.5858
    Latitude
    30.8781

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    FAQs

    What type of property is this?
    Ranch - Mississippi ranch with equestrian facilities, event venue, and lodging.
    Where is this ranch located?
    The property is located at 773 Old Camp Rd Poplarville, MS.
    What is the asking price?
    The asking price for this property is $4,595,000.
    What are key features of this property?
    This property features: 361‑acre luxury ranch with equestrian/livestock infrastructure and income‑generating potential.; Impressive 8,863 SF, 9‑bedroom lodge suitable for private use, retreats, or events.; **17,300 SF multi‑million‑dollar event facility (The Stables) with commercial kitchen, convertible to equestrian use.**
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Patrick Gibson
    Real Estate License ID: MS B-18345
    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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    773 Old Camp Rd, Poplarville, MS 39470
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