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    66 Acres In Panola County Pope, MS 38658

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    66 Acres In Panola County Pope, MS 38658

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    • Land
    • 66.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 66 Acres In Panola County

    Lot size
    66.00 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 66-acre property in Panola County, Mississippi, presents a unique investment and recreational opportunity. The land boasts approximately 45 acres of mature pine and hardwood timber, suitable for harvesting high-quality pole and saw logs. Approximately 25 acres of pastureland are ideal for livestock, while several potential homesites exist, including one with a prime location for a 3-5 acre pond. While needing some restoration, the property offers significant potential. Its southern border abuts farmland, enhancing its hunting appeal with abundant deer and turkey. Conveniently located near Interstate 55 and Enid Lake, this property features paved road frontage on Pope Crowder Road, ensuring easy access. Whether your vision includes a new home, a working farm, or a recreational retreat, this versatile land offers diverse possibilities. The property is located in Pope, MS, zip code 38658, and is listed at $280,500.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pope
    County
    Panola
    State
    Mississippi
    Longitude
    -89.8692
    Latitude
    34.1754

    Comparable in this City

    • Value Estimation by Request
      0.89 Acres

      Rdg Crst Rd

      Land • 0.89 Acres
      0 Rdg Crst Rd, Pope, MS 38658
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    • Value Estimation by Request
      1,320 SF

      Pope, MS 38658

      RETAIL STORES (PERSONAL SERVICES) • 1,320 SF
      Pope, MS 38658
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    • Value Estimation by Request
      1,530 SF

      775 Main St

      COMMERCIAL (GENERAL) • 1,530 SF
      775 Main St, Pope, MS 38658
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    • Value Estimation by Request
      507 SF

      7024 Hwy 51st N

      FINANCIAL BUILDING • 507 SF
      7024 Hwy 51st N, Pope, MS 38658
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    • Value Estimation
      $570,000
      5,400 SF

      425 Liberty Hl Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,400 SF
      425 Liberty Hl Rd, Pope, MS 38658-2860
      View Details
    • Value Estimation by Request
      1,658 SF

      5561 Pope Water Vly Rd

      COMMERCIAL (GENERAL) • 1,658 SF
      5561 Pope Water Vly Rd, Pope, MS 38658-2640
      View Details

    Similar Nearby for Sale

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      66 Acre Recreational Property

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      0.42 Acres

      Land Near Enid Lake

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      0.42 Acres

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    Pope, MS 38658
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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.

    More about this property
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