Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9 Conner Stringer Dr Lucedale, MS 39452

    • Land
    • 2.12 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 9 Conner Stringer Dr

    Lot size
    2.12 lot acres
    Property type
    Land

    Description

    This exceptional 2.12-acre commercial lot is situated in a stunning new subdivision on Highway 63 in Lucedale, Mississippi, zip code 39452. Located at Lot 9 Conner Stringer Drive, this property offers unparalleled lakefront access and breathtaking views. The lot is part of a development with restrictive covenants designed to protect the beauty and value of the investment, ensuring a high-quality and desirable community. Most lots within the subdivision boast direct water frontage, providing exceptional opportunities for various commercial ventures. The upscale, private setting makes this an ideal location for businesses seeking a tranquil yet accessible environment. The property's size provides ample space for development, allowing for flexibility in design and construction. This is a rare opportunity to acquire a prime commercial lot in a sought-after lakeside subdivision. The location offers easy access to Highway 63, ensuring convenient transportation and accessibility for customers and employees. Serious inquiries are encouraged to explore the potential of this remarkable property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lucedale
    County
    George
    State
    Mississippi
    Longitude
    -88.607
    Latitude
    30.8546

    Comparable in this City

    • Value Estimation by Request
      1.17 Acres

      22 Gracies Way

      Land • 1.17 Acres
      22 Gracies Way, Lucedale, MS 39452
      View Details
    • Value Estimation by Request
      2.88 Acres

      10 Conner Stringer Dr

      Land • 2.88 Acres
      10 Conner Stringer Dr, Lucedale, MS 39452
      View Details
    • Value Estimation by Request
      16.90 Acres

      63 Old Hwy

      Land • 16.90 Acres
      63 Old Hwy, Lucedale, MS 39452
      View Details
    • Value Estimation by Request
      60.00 Acres

      60 Lymon Havard Ln

      Land • 60.00 Acres
      60 Lymon Havard Ln, Lucedale, MS 39452
      View Details
    • Value Estimation by Request
      1.54 Acres

      Lot 7 Way

      Land • 1.54 Acres
      0 Lot 7 Way, Lucedale, MS 39452
      View Details
    • Value Estimation by Request
      1.90 Acres

      1.9 Acres Cowart St St

      Land • 1.90 Acres
      0 1.9 Acres Cowart St St, Lucedale, MS 39452
      View Details

    Similar Nearby for Sale

    • New
      $299,900
      20.00 Acres

      Lucedale Land with Highway Frontage

      20+/- acre corner lot ideal for building or investment.
      20+/-Ac Summerour Rd, Lucedale, MS 39452
      View Details
    • $490,000

      Lucedale Marketplace Outparcel Land

      High-visibility commercial land, ideal for development.
      12120 Old Hwy 63, Lucedale, MS 39452
      View Details
    • $399,560
      132.99 Acres

      Lucedale Land Portfolio For Sale

      Portfolio of four parcels totaling approximately 132.99 acres.
      000 Sanford Rd, Lucedale, MS 39452
      View Details
    • $65,000
      20.00 Acres

      Landlocked Land in Lucedale, MS

      Undeveloped 20-acre land tract rich with timber.
      0000 Landlocked, Lucedale, MS 39452
      View Details
    • New
      $164,900
      14.00 Acres

      Lucedale Cleared Land Opportunity

      14+/- acres of cleared land ready for construction or investment.
      14+/-Ac Jerry Frk Rd, Lucedale, MS 39452
      View Details
    • $65,000
      20.00 Acres

      Landlocked Timberland in Lucedale, MS

      Undeveloped 20-acre timberland tract with no legal access.
      Landlocked George, Lucedale, MS 39452
      View Details

    Similar Nearby for Lease

    • New
      $1,900 /Mo
      2,400 SF

      Retail Space in Grand Oak Plaza

      Retail space available in busy Lucedale shopping center.
      442 Winter St, Lucedale, MS 39452
      View Details
    • New
      $1,350 /Mo
      1,200 SF

      Retail Space in Grand Oak Plaza

      Retail space available in a busy Lucedale shopping center.
      442 Winter St, Lucedale, MS 39452
      View Details
    • $1,250 /Mo
      750 SF

      Lucedale Office Space Available

      Professional office space for lease in Lucedale, Mississippi.
      2210 Ml St Ext Lot, Lucedale, MS 39452
      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.
    9 Conner Stringer Dr
    Lucedale, MS 39452
    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

    Google sign-in failed. Please try again or use another login method.