Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    10 Acre Parcel in Ashland Title is generated by Realmo AI

    Gray Academy Road, Ashland, MS 38603

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - ASHLAND, MS

    Lot size:
    10.00 Acres
    Added:
    Jul 26, 2025
    Days on Market:
    302
    Last Refresh:
    May 23 at 5:06 am

    Property Features for Gray Academy Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    10.00 Acres

    We can help!

    Listing Contact
    Clint Bolton
    Clint Bolton

    Listing agent Clint Bolton License #B-18917

    Listing office RE/Max Realty Group PO Box 933, MS

    Listing date Jul 26, 2025

    MLS# 161240 Listing URL

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

    HighLights

    • 10 acre parcel ready for your vision
    • Minutes from downtown Ashland, offering convenience and charm
    • Easy access for stress‑free commutes
    • Decent road frontage on Gray Academy Rd
    • Build your dream home on this spacious lot
    • Use for recreational purposes and enjoy the outdoors

    Overview

    This 10-acre parcel is located just minutes from downtown Ashland, Mississippi. The property offers easy access and a decent amount of road frontage on Gray Academy Road. It is suitable for building a home or for recreational use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Ashland
    County
    Benton
    State
    Mississippi
    Longitude
    -89.175557
    Latitude
    34.853327

    Nearby Similar for Sale

    • $25,000

      Residential Land Near Snow Lake

      0.45-acre property in Snow Lake Shores community, ready to build.
      226 Ferrell Road, Ashland, MS 38603
      View Details
    • $225,000

      Ashland, MS 40-Acre Tract

      40 acres in Ashland, MS, fenced, with pond.
      Hwy 4, Ashland, MS 38603
      View Details
    • $114,000

      Unrestricted Land Near National Forest

      14-acre unrestricted property with creek, near Collierville, TN.
      0 OLD HWY 72, Ashland, MS 38603
      View Details
    • $374,900

      100 Acres Recreational Timber Tract

      100 acres of hardwood and pine timber near Collierville, TN.
      Perry Chapel Road, Ashland, MS 38603
      View Details
    • $135,000

      Land Bordering Holly Springs National Forest

      29.8 acres suitable for residential, hunting, or recreational use.
      Tall Pines Road, Ashland, MS 38603
      View Details
    • $29,500

      Ashland, MS 10-Acre Parcel

      10 acre parcel near Ashland, MS, suitable for residential use.
      Gray Academy Road, Ashland, MS 38603
      View Details
    • $734,636

      262 Acres in Ashland, MS

      Land with frontage, wildlife plots, and utilities in Ashland.
      Pleasant Hill Road, ASHLAND, MS 38603
      View Details
    • $125,000

      Commercial Land on Highway 72

      4.488 acre commercial site with highway frontage in Ashland.
      13000 Highway 72, Ashland, MS 38603
      View Details

    FAQs

    What type of property is this?
    Recreation land - 10 acre parcel near Ashland for recreation or building.
    Where is this recreation land located?
    The property is located at Gray Academy Road Ashland, MS.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: 10 acre parcel ready for your vision; Minutes from downtown Ashland, offering convenience and charm; Easy access for stress‑free commutes
    (662) 934-9376
    We can help!
    Listing Contact
    Clint Bolton
    Clint Bolton
    Real Estate License ID: B-18917
    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
    Gray Academy Road, ASHLAND, MS 38603
    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!