Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    281 Acres Waterfront Development Opportunity Title is generated by Realmo AI

    Sand & Tuscaloosa Rd, Columbus, MS 39702

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    281 acres for residential/commercial development with large lake.

    Type:Land
    Lot size:
    281.00 Acres
    Added:
    Oct 27, 2021
    Days on Market:
    1679
    Last Refresh:
    May 19 at 9:27 pm

    Property Features for Sand & Tuscaloosa Rd

    General Information

    Standard status
    Active
    Lot size
    281.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Steve Cook, CCIM, SIOR

    Listing agent Steve Cook, CCIM, SIOR License #MS B-22913

    Listing office Cook Commercial Properties

    Listing date Oct 27, 2021

    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 Cook Commercial Properties

    HighLights

    • 281 +/- acres suitable for residential/commercial development.
    • Large 100+ acre lake ideal for waterfront development.
    • Potential for multi‑use development: apartments, townhomes, single‑family estate lots, and RV pads.
    • 113 acres of potential sand & gravel reserves.
    • Adjoins Columbus city limits.
    • Convenient access to MS Hwy. 12 and Hwy. 82 bypass.

    Overview

    This property offers 281 +/- acres available for residential and commercial development in Lowndes County. A large lake provides the opportunity for waterfront development. The site was formerly a sand and gravel business and contains an estimated three million tons of potential sand and gravel reserves across 113 acres. The property adjoins but is located just outside the city limits of Columbus, Mississippi, with access to MS Hwy 12 (Harris Road) and convenient access to the Hwy 82 bypass at the Hwy 50 interchange. The site presents potential for a multi-use development, including an apartment complex, townhomes with a beach, estate lots for single-family homes, and even RV pads, all surrounding a 100+ acre lake setting.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Columbus
    County
    Lowndes
    State
    Mississippi
    Longitude
    -88.3454
    Latitude
    33.4397

    Nearby Similar for Sale

    • $515,000

      Prime Downtown Columbus Corner Lot

      One-acre corner lot in historic downtown Columbus, Mississippi.
      321 Main Street, Columbus, MS 39701
      View Details
    • $699,900

      Prime Development Land Opportunity

      High-visibility corner lot with extensive frontage and development potential.
      Hwy 45 N, Columbus, MS 39705
      View Details
    • $500,000

      Commercial Property Off Highway 82

      Prime commercial property with high visibility and steady traffic exposure.
      1291 S Frontage Rd, Columbus, MS 39701
      View Details
    • $2,250,000
      20 SF

      Industrial Property in Columbus, MS

      20,000 SF building on 4.5 acres in Industrial Park.
      4925 S Frontage Road, Columbus, MS 39701
      View Details
    • $398,000
      8,400 SF

      Commercial Building with Warehouse Space

      Income-producing commercial property with offices and warehouse in Columbus, MS.
      201 N Browder St, Columbus, MS 39702
      View Details
    • $349,000
      3,237 SF

      Columbus Commercial Building For Sale

      Commercial building in good condition, suitable for office or clinic.
      2311 Martin Luther King Jr Dr, Columbus, MS 39705
      View Details
    • $700,000
      1,984 SF

      Turnkey Nail Spa on Highway

      Move-in ready nail spa with high visibility and traffic.
      703 Hwy 45 N, Columbus, MS 39701
      View Details
    • $525,000
      4,478 SF

      Commercial Building in Prime Location

      Commercial building with ample parking in a high-traffic area.
      2006 Hwy 45 N, Columbus, MS 39705
      View Details
    • $375,000

      East Columbus Land Opportunity

      7.12 acres in East Columbus with development potential.
      N Lehmberg Rd, Columbus, MS 39702
      View Details
    • $40,000

      Commercial Lot Ready For Development

      Commercial lot in Columbus, MS, ready for development.
      534 Alabama, Columbus, MS 39702
      View Details
    • $408,500
      5,503 SF

      Fully Occupied Multifamily Investment

      Six-unit multifamily property in Columbus, MS generating $3,435/month.
      1024 3rd Avenue N, Columbus, MS 39701
      View Details
    • $145,000
      2,408 SF

      Versatile Commercial Buildings in Columbus

      Two buildings suitable for retail, office, automotive, or salon use.
      804 Alabama St, Columbus, MS 39702
      View Details

    FAQs

    What type of property is this?
    Commercial land - 281 acres for residential/commercial development with large lake.
    Where is this commercial land located?
    The property is located at Sand & Tuscaloosa Rd Columbus, MS.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: 281 +/- acres suitable for residential/commercial development.; Large 100+ acre lake ideal for waterfront development.; Potential for multi‑use development: apartments, townhomes, single‑family estate lots, and RV pads.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Steve Cook, CCIM, SIOR
    Real Estate License ID: MS B-22913
    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
    Sand & Tuscaloosa Rd, Columbus, MS 39702
    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!