Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3378 Hwy Poplarville, MS 39470
    Property profile & analytics

    3378 Hwy, Poplarville, MS 39470

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 3378 Hwy

    Property type
    Land

    Description

    Prime commercial land in Poplarville, MS, listed at $169,900. This ±1.5-acre parcel features a substantial 4800 sq ft metal building, perfect for various commercial uses. The building boasts an office area, a half bath, and high ceilings, showcasing its previous success as a cabinet shop. The sellers are retiring, presenting a unique opportunity for a new owner. The property includes a concrete slab from a former house and an RV hookup, adding versatility. A survey is underway to determine the precise acreage, as this lot is being subdivided from a larger parcel. The reduced price makes this an attractive investment with significant potential for diverse commercial ventures. The property's location on Highway 26 offers excellent visibility and accessibility. This is an exceptional chance to establish a thriving business or realize barndominium aspirations in a desirable Mississippi location. The existing infrastructure, including the large metal building and utilities, significantly reduces start-up costs. Don't miss this chance to own a piece of Poplarville's commercial landscape. The zip code is 39470.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Poplarville
    County
    Pearl River
    State
    Mississippi
    Longitude
    -89.7536
    Latitude
    30.7922

    Comparable in this City

    • Value Estimation by Request
      9.90 Acres

      Xrd Of Mississippi Sites

      Farms
      0 Xrd Of Mississippi Sites, Poplarville, MS 39470
      View Details
    • Value Estimation by Request

      533 Hwy 26

      Land
      533 Hwy 26, Poplarville, MS 39470
      View Details
    • Value Estimation by Request
      373.00 Acres

      373 Acres Honor Hl

      Farms
      373 Acres Honor Hl, Poplarville, MS 39470
      View Details
    • Value Estimation by Request
      25.50 Acres

      70 Balmoral Dr

      Land
      70 Balmoral Dr, Poplarville, MS 39470
      View Details
    • Value Estimation by Request

      9797 Hwy

      Land
      9797 Hwy, Poplarville, MS 39470
      View Details
    • Value Estimation by Request
      502.78 Acres

      Borrow Pit Hl

      Land
      0 Borrow Pit Hl, Poplarville, MS 39470
      View Details

    Similar Nearby for Sale

    • $95,500
      13.00 Acres

      13 Acres Homesite in Poplarville

      13 acres of usable land ready to build on.
      Pop Hill Rd, Poplarville, MS 39470
      View Details
    • Contact for pricing

      Land with Hardwood and Pine

      Land featuring hardwood bottoms, pine forests, and abundant wildlife.
      334 Baughman Rd, Poplarville, MS 39470
      View Details
    • $1,786,266

      Land on Stanford Lake Road

      Land available near Poplarville, MS, close to Highway 11.
      501 Stanford Lake Rd, Poplarville, MS 39470
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      Whispering Ln, Poplarville, MS 39470
      View Details
    • Contact for pricing

      Unrestricted Land Near Interstate

      Over 15 acres of unrestricted land, convenient interstate access.
      154 Robert Rhodes Rd, Poplarville, MS 39470
      View Details
    • $174,320
      21.79 Acres

      Poplarville Wooded Land with Creek

      21.79 acres of wooded land featuring a creek.
      21.79 Acre Homer Ladner Rd, Poplarville, MS 39470
      View Details
    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.
    3378 Hwy
    Poplarville, MS 39470
    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
    3378 Hwy, Poplarville, MS, 39470
    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!