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    Unassigned Terry Rd Rd Byram, MS 39272
    Property profile & analytics

    Unassigned Terry Rd Rd Byram, MS 39272

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    • Commercial real estate
    • 610,000 SF
    • 14.17 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for Unassigned Terry Rd Rd

    Lot size
    14.17 lot acres
    Property size
    610,000 SF
    Property type
    Commercial real estate

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Byram
    County
    Hinds
    State
    Mississippi
    Longitude
    -90.2485
    Latitude
    32.2048

    Comparable in this City

    • Value Estimation by Request
      1.45 Acres

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      3.42 Acres

      5820 Terry Rd

      Land • 3.42 Acres
      5820 Terry Rd, Byram, MS 39272
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      8.59 Acres

      55 Frontage Rd

      Land • 8.59 Acres
      55 Frontage Rd, Byram, MS 39272
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    • Value Estimation by Request
      4.00 Acres

      Siwell Rd

      Land • 4.00 Acres
      0 Siwell Rd, Byram, MS 39272
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    • Value Estimation
      $1,520,000
      25,946 SF

      5843 Byram Pkwy

      COMMERCIAL (GENERAL) • 25,946 SF
      5843 Byram Pkwy, Jackson, MS 39272
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    • Value Estimation by Request
      5,050 SF

      141 Southpointe Dr

      COMMERCIAL (GENERAL) • 5,050 SF
      141 Southpointe Dr, Byram, MS 39272-5566
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    Similar Nearby for Sale

    • $269,000
      104,108 SF

      Prime Byram Commercial Land

      High-visibility, 2.4-acre lot near Walmart.
      Terry Rd, Byram, MS 39272
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    • Contact for pricing

      Retail Opportunity I-55 Frontage Road

      Retail land available along I-55 South Frontage Road.
      I-55 South Frontage Rd, Byram, MS 39272
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    • $3,200,000
      3,900 SF

      New Restaurant Property For Sale

      New construction restaurant property with long-term lease and rent increases.
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    • $1,250,000
      1,200 SF

      New Restaurant Property For Sale

      New restaurant with a 15-year absolute triple net lease.
      5804 Terry Rd, Byram, MS 39272
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    • $475,000
      3.00 Acres

      3 Acres Corner Lot Land

      3-acre corner lot with high visibility, zoned C-3.
      502 Bound Rd, Jackson, MS 39272
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    • $249,000
      2.40 Acres

      Commercial Land in Prime Location

      Highly visible commercial land near major retail and busy intersection.
      Terry Rd, Byram, MS 39272
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Next to Grocery

      Retail suite available in grocery-anchored shopping center in Byram, MS.
      5777 Terry Rd, Byram, MS 39272
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    • Contact for pricing
      60,000 SF

      60,000 SF Warehouse in Byram

      60,000 SF warehouse space with easy access to I-55.
      5650 Terry Rd, Byram, MS 39272
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    • Contact for pricing
      26,040 SF

      Retail Space in Regional Center

      Retail space available in Jackson's primary retail trade area.
      6325 I 55 N, Jackson, MS 39272
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    • Contact for pricing

      Freestanding Building in Byram, Mississippi

      4,000 SF commercial building with three suites for rent.
      7112 S Siwell Rd, Byram, MS 39272
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    • Contact for pricing

      Terry Road Warehouse For Lease

      60,000 SF warehouse with I-55 access in Byram, MS.
      5650 Terry Rd, Byram, MS 39272
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    Byram, MS 39272
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    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.

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