Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    West Point Commercial Land Available Title is generated by Realmo AI

    5556 US-45 ALT, West Point, MS 39773

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    1.5 acres of commercial land in West Point, Mississippi.

    Type:Land
    Lot size:
    1.50 Acres
    Added:
    May 2, 2023
    Days on Market:
    1132
    Last Refresh:
    May 13 at 8:11 pm

    Property Features for 5556 US-45 ALT

    General Information

    Standard status
    Active
    Lot size
    1.50 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Gary Andrews

    Listing agent Gary Andrews License #563891

    Listing office GRACO Real Estate Development

    Listing date May 2, 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 GRACO Real Estate Development

    HighLights

    • 1.5 acres of land in a commercially active area
    • Located directly across from Wal‑Mart on US‑45
    • High‑traffic location on US‑45, the main north/south road
    • Proximity to established fast‑food chains (Burger King, KFC, Waffle House, Popeyes, McAlister's Deli)
    • Close to Anytime Fitness
    • West Point's economy is driven by manufacturing, with major employers nearby

    Overview

    This commercial land listing features approximately 1.5 acres situated across from Wal-Mart in West Point, Clay County, Mississippi. The location benefits from its proximity to US-45, the main north/south arterial road for West Point. Neighboring tenants include Burger King, KFC, Waffle House, Popeyes, Anytime Fitness, and McAlister's Deli. West Point's economy is largely supported by manufacturing, with key employers such as Yokohama Tire Corporation, Mississippi Steel Processing, and Bryan Foods. The West Point Consolidated School District, comprising four schools and serving over 2,500 students, is also located in the city.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    West Point
    County
    Clay
    State
    Mississippi
    Longitude
    -88.7618
    Latitude
    33.6681

    Nearby Similar for Sale

    • $374,900
      4,704 SF

      Six Single-Family Rental Homes

      Six standalone homes on one parcel with income potential.
      74-104 Tom Bayne Street, West Point, MS 39773
      View Details
    • $489,600

      Timber and Recreation Tract

      Hunting and recreational land with hardwood timber, creek frontage, and established food plots supported by internal roads.
      0 Hwy 45 Alt, West Point, MS 39773
      View Details
    • $1,680,000
      3,000 SF

      West Point NNN Restaurant Property

      Long-term NNN lease with experienced multi-unit operator.
      5810 Hwy 45 Alt S, West Point, MS
      View Details
    • $670,784
      906 SF

      Retail Property on Highway 45

      906 SF retail property for sale on Highway 45.
      6720 Hwy 45 Alt S, West Point, MS
      View Details
    • $59,900

      West Point Lakefront Acreage

      2.99+/- acre parcel with private lake and prepared homesite.
      Shirley Subdivision, West Point, MS 39773
      View Details
    • $469,200

      West Point Hunting and Timber

      138.15 acres of hunting and timber land.
      5600 Old Vinton Rd, West Point, MS, 39773, West Point, MS 39773
      View Details
    • $140,000

      West Point Land For Sale

      2.4 acre commercial land with high visibility and traffic.
      Hwy 45 ALT, West Point, MS 39773
      View Details
    • $182,000

      LAND - West Point, MS

      Waverly Drive lot: 119, West Point, MS 39773
      View Details
    • $588,000

      280 Acres Hunting and Timber

      Hunting, recreational, and timber investment property near West Point, MS.
      Firetower Rd, West Point, MS
      View Details
    • $9,999

      West Point Acreage for Sale

      One-acre lot in West Point, Mississippi, suitable for residential use.
      Muda Road, West Point, MS 39773
      View Details
    • $142,000

      Commercial Lot on US Hwy

      1.71 acre commercial lot in West Point, Mississippi.
      Us Hwy 45a, West Point, MS 39773
      View Details
    • $399,925

      Commercial Land on Highway 45

      1.46 acres of commercial land with highway frontage.
      1.46 Acres Highway 45 Alt N, West Point, MS 39773
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.5 acres of commercial land in West Point, Mississippi.
    Where is this commercial land located?
    The property is located at 5556 US-45 ALT West Point, MS.
    What are key features of this property?
    This property features: 1.5 acres of land in a commercially active area; Located directly across from Wal‑Mart on US‑45; High‑traffic location on US‑45, the main north/south road
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Gary Andrews
    Real Estate License ID: 563891
    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
    5556 US-45 ALT, West Point, MS 39773
    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!