Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Picayune Commercial Land For Sale Title is generated by Realmo AI

    Hwy 11 N, Picayune, MS 39466

    View on Map
    Claim this Listing
    For Sale
    $784,080

    COMMERCIAL - Picayune, MS

    Lot size:
    2.09 Acres
    Added:
    Dec 5, 2025
    Days on Market:
    169
    Last Refresh:
    May 22 at 11:06 pm

    Property Features for Hwy 11 N

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    6171110030101500
    Lot size
    2.09 Acres

    Utilities

    Utilities
    Cable Available

    We can help!

    Listing Contact
    Jack Stewart
    Jack Stewart

    Listing agent Jack Stewart License #S-54371

    Listing office RE/MAX Premier Group 1605 Hwy. 11 N Suite A, Picayune, MS

    Listing date Dec 5, 2025

    MLS# 184177 Listing URL

    Copyright © 2026 Pearl River County 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.

    HighLights

    • Vacant property on Highway 11.
    • Located within the city limits of Picayune.
    • High average daily vehicle traffic flow (16,000).
    • Priced at approximately $8.25 per square foot.
    • One of the last vacant properties of its kind in the area.
    • Cable available.

    Overview

    This commercial property is located in Picayune, MS, and consists of 2.09 acres of land. Situated on Highway 11, the property benefits from an average daily vehicle traffic flow of 16,000. It is one of the last vacant properties of its kind located on Highway 11 within the city limits of Picayune.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Picayune
    County
    Pearl River
    State
    Mississippi
    Longitude
    -89.67981
    Latitude
    30.525874

    Nearby Similar for Sale

    • $2,100,000
      12,160 SF

      Picayune Commercial Building For Sale

      Commercial building in great location, suitable for various uses.
      16 Merrill Road, Picayune, MS 39466
      View Details
    • $299,000
      4,000 SF

      Versatile Commercial Space in Picayune

      4000 sqft commercial space with high visibility and versatile layout.
      1707 E Canal, Picayune, MS 39466
      View Details
    • $650,000
      6,755 SF

      Versatile Commercial Property on Highway

      6,755 sq ft commercial property on 1.32 acres.
      2467 Highway 43 S, Picayune, MS 39466
      View Details
    • $1,150,000
      10,800 SF

      Profitable Cinema on 1.9 Acres

      Operating cinema with redevelopment potential in growing suburban market.
      997 Cooper Road, Picayune, MS 39466
      View Details
    • $159,700
      1,325 SF

      Downtown Picayune Commercial Building

      Versatile commercial property in downtown Picayune, suitable for various businesses.
      141 Kirkwood Street, Picayune, MS 39466
      View Details
    • $225,000
      1,920 SF

      Turn-Key Commercial Building in Picayune

      Move-in ready commercial building in the heart of Picayune.
      320 S Curran, Picayune, MS 39466
      View Details
    • $425,000
      5,696 SF

      Downtown Picayune Commercial Investment Opportunity

      Two-story, fully leased commercial building in downtown Picayune.
      118 E Canal Street, Picayune, MS 39466
      View Details
    • $199,000
      7,500 SF

      Picayune Warehouse on Two Acres

      7,500 SF warehouse on 2 acres for sale.
      1817 Palestine Rd, Picayune, MS 39466
      View Details
    • $325,000
      4,912 SF

      Established Auto Repair Business

      Turnkey auto repair business on 1.82 acres.
      1747 Hwy.11 S, Picayune, MS 39466
      View Details
    • $399,900
      3,915 SF

      Prime Commercial Building in Picayune

      Spacious commercial building with multiple suites in prime location.
      707 Memorial Blvd., Picayune, MS 39466
      View Details
    • $145,000
      18,295 SF

      Prime Downtown Commercial Lot

      Commercial lot in high-traffic location with development potential.
      S Curran Ave, Picayune, MS 39466
      View Details
    • $124,000
      13,526 SF

      Picayune Commercial Lot For Sale

      High-visibility commercial lot suitable for various business opportunities.
      714 N Curran Avenue, Picayune, MS 39466
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.09 acre commercial land on Highway 11, Picayune, MS.
    Where is this commercial land located?
    The property is located at Hwy 11 N Picayune, MS.
    What is the asking price?
    The asking price for this property is $784,080.
    What are key features of this property?
    This property features: Vacant property on Highway 11.; Located within the city limits of Picayune.; High average daily vehicle traffic flow (16,000).
    (601) 916-0776
    We can help!
    Listing Contact
    Jack Stewart
    Jack Stewart
    Real Estate License ID: S-54371
    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
    Hwy 11 N, Picayune, MS 39466
    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!