Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    CR 1131 Booneville, MS 38829

    View on Map
    Claim this Listing
    New
    For Sale
    $39,900

    Lot/Land - Booneville, MS

    Type:Single Family Residence
    Lot size:
    5.00 Acres
    Added:
    May 4, 2026
    Days on Market:
    2
    Last Refresh:
    May 5 at 9:06 pm

    Property Features for CR 1131

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Lot size
    5.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1258.14

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Andrea Reynolds

    Listing agent Andrea Reynolds License #B-24247

    Listing office GumTree Realty 205 West Main Street, Tupelo, MS 38804, Tupelo, MS

    Listing date May 4, 2026

    MLS# 26-380 Listing URL

    Copyright © 2026 Northeast Mississippi Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    5 Acre Lot Near Amenities

    This 5-acre property is located at the end of a quiet road, minutes away from Northeast Mississippi Community College, shopping areas, medical facilities, and entertainment venues. There are no structures currently on the property. The property is located in Booneville, Mississippi, with a postal code of 38829, in Prentiss County.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Booneville
    County
    Prentiss
    State
    Mississippi
    Longitude
    -88.493194
    Latitude
    34.715268

    Nearby Similar for Sale

    • $599,000
      4,800 SF

      Retail Space in Booneville, MS

      High-visibility retail space in the heart of Booneville, Mississippi.
      609 N 2nd Street, Booneville, MS 38829
      View Details
    • $500,000
      5,800 SF

      Booneville Commercial Property For Sale

      Restaurant space available across from Northeast Community College in Booneville.
      811 N 2nd, Booneville, MS 38829
      View Details
    • $299,500

      Cleared Land Near Dollar General

      Commercial land with high traffic and easy access.
      W Chambers Dr., Booneville, MS 38829
      View Details
    • $265,000
      22,192 SF

      Booneville Commercial Property with Warehouse

      16.2 acres with warehouse and multiple storage buildings.
      840 Highway 30, Booneville, MS 38829
      View Details
    • $95,000

      Booneville Land For Sale

      2.8 acres in a primary commercial corridor with high visibility.
      2.8 ac E Chambers Dr., Booneville, MS 38829
      View Details
    • $59,900

      Lake Mohawk Water View Lot

      0.57 acre lot with water views on Lake Mohawk.
      County Road 633 Lot 104, Booneville, MS 38829
      View Details
    • $427,500

      219 Acres in Prentiss County

      219 acres of gated land with hardwoods and plantation pines.
      County Road 5131, , MS 38829
      View Details
    • $5,000

      Land in Gated Lake Community

      Lot in private lake community with lake access and amenities.
      County Rd 635, Booneville, MS 38829
      View Details
    • $145,000

      Prentiss County Hunting and Recreation

      49.37 acre tract ideal for hunting and recreation.
      CR 5156, Booneville, MS 38829
      View Details
    • $24,000

      Residential Land in Booneville, MS

      1.6-acre lot suitable for residential development near downtown Booneville.
      Lot #13 Kenzington Way, Booneville, MS 38829
      View Details
    • $100,000

      33 Acres of Timber Land

      Land with timber, home sites, and lake potential.
      274 CR 3301, Booneville, MS 38829
      View Details
    • $25,000

      Booneville Land Ready to Build

      2.2 acres, flat, no restrictions, ready to build.
      342 County Road 1251, Booneville, MS 38829
      View Details

    FAQs

    What type of property is this?
    Land - 5 acre lot near college, shopping, medical, and entertainment.
    Where is this land located?
    The property is located at CR 1131 Booneville, MS.
    What is the asking price?
    The asking price for this property is $39,900.
    What are key features of this property?
    This property features: 5 acre property; Located at the end of a quiet road; Minutes away from Northeast Mississippi Community College
    (662) 678-3248
    We can help!
    Listing Contact
    Andrea Reynolds
    Real Estate License ID: B-24247
    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
    CR 1131, Booneville, MS 38829
    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!