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

    Palmer Rd, Ellisville, MS 39437

    View on Map
    Claim this Listing
    For Sale
    $180,000

    LAND - ELLISVILLE, MS

    Lot size:
    15.00 Acres
    Added:
    Dec 29, 2020
    Days on Market:
    1984
    Last Refresh:
    Jun 5 at 6:06 pm

    Property Features for Palmer Rd

    General Information

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

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Susan Blackledge, Broker

    Listing agent Susan Blackledge, Broker

    Listing office Magnolia Real Estate Solutions DBA Magnolia Real Estate 308 Hill Street ELLISVILLE, Ellisville, MS

    Listing date Dec 29, 2020

    MLS# 29587 Listing URL

    Copyright © 2026 Laurel 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

    • 15 acres with additional acreage available.
    • Located in an Opportunity Zone offering tax benefits.
    • Convenient location at the intersection of Hwy 11 and Palmer Rd.
    • Great visibility for a new business.

    Overview

    This property features 15 acres of commercial land with additional acreage available. The site benefits from a location at the intersection of Highway 11 and Palmer Road, offering visibility for a new business. The property is located in an Opportunity Zone, potentially providing tax benefits.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Ellisville
    County
    Jones
    State
    Mississippi
    Longitude
    -89.1809327
    Latitude
    31.63904845

    Nearby Similar for Sale

    • $299,900
      2,400 SF

      Ellisville Commercial Corner Lot

      One-acre corner lot with a 2,400 sq ft building.
      53 HAL CROCKER, Ellisville, MS 39437
      View Details
    • $2,999,500
      6,400 SF

      Turnkey Estate with 60-Acre Lake

      484-acre estate designed for recreation, privacy, and timber income.
      176 Busby Road, Ellisville, MS 39437
      View Details
    • $250,000
      6,102 SF

      Downtown Ellisville Two-Story Building

      Two-story building in downtown Ellisville with restaurant and office space.
      119 W Ivy St, Building 1, Ellisville, MS 39437
      View Details
    • $199,999

      Ellisville Land For Sale

      2.7 acre commercial land with development potential in Ellisville.
      FRIDGE ST, ELLISVILLE, MS 39437
      View Details
    • $120,000

      Commercial Land I-59 Corridor Access

      1.6-acre commercial development opportunity off I-59 in Ellisville, MS.
      00 Hwy 11, Ellisville, MS 39437
      View Details
    • $449,000

      Acreage for Development in Ellisville

      For sale 52.5-acre tract in Jones County, suited for buyers seeking land with flexible development planning.
      538 County Home Rd, Ellisville, MS 39437
      View Details
    • $1,414,500

      94 Acres Commercial Land I-59

      94-acre commercial property with I-59 frontage and high visibility.
      Dubose St, Ellisville, MS 39437
      View Details
    • $386,000

      Commercial Land in Ellisville, MS

      Commercial property with high visibility in a high-traffic area.
      Hill Street, ELLISVILLE, MS 39437
      View Details
    • $200,000
      82,764 SF

      Restaurant Location Opportunity in Ellisville

      Restaurant location off Hwy 29 N with high car count.
      0 Blue Bird Lane, Ellisville, MS 39437
      View Details
    • $120,000

      Commercial Land Parcel

      Versatile 1.6-acre commercial land parcel in Jones County, ready for development plans subject to approvals.
      00 00 Hwy 11, Ellisville, MS 39437
      View Details
    • $250,000
      6,102 SF

      Downtown Ellisville Two-Story Building

      Two-story building in downtown Ellisville with restaurant and office space.
      109 W Ivy St, Ellisville, MS
      View Details
    • $300,000

      Commercial Land in Ellisville, MS

      14.75-acre commercial land tract in Ellisville, Mississippi.
      14.75 Acres Highway 11, Ellisville, MS 39437
      View Details

    FAQs

    What type of property is this?
    Commercial land - 15 acres of commercial land with high visibility.
    Where is this commercial land located?
    The property is located at Palmer Rd Ellisville, MS.
    What is the asking price?
    The asking price for this property is $180,000.
    What are key features of this property?
    This property features: 15 acres with additional acreage available.; Located in an Opportunity Zone offering tax benefits.; Convenient location at the intersection of Hwy 11 and Palmer Rd.
    (601) 422-3614
    We can help!
    Listing Contact
    Susan Blackledge, Broker
    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
    Palmer Rd, ELLISVILLE, MS 39437
    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!