Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Aerosmith Dr Richland, MS 39218
    Back to Search
    Property profile & analytics

    Aerosmith Dr Richland, MS 39218

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

    Current Use by Public Records

    • Land

    Property Details for 0 Aerosmith Dr

    Lot size
    13.37 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 13.37-acre industrial development site presents a unique opportunity in Richland, Mississippi. Located in Rankin County, this property boasts convenient access to major transportation arteries, including Highway 49, Interstate 20, and Interstate 55, ensuring seamless logistics and distribution. The site is zoned for industrial use, providing flexibility for a variety of development projects. Its strategic location at the corner of Old Highway 49 and Aero Smith Drive offers excellent visibility and accessibility. The expansive lot size allows for substantial development potential, catering to businesses requiring ample space for warehousing, manufacturing, or other industrial operations. This prime location within the thriving Richland industrial district offers a compelling investment opportunity for businesses seeking a strategic foothold in a rapidly growing area of Mississippi. The property's proximity to major interstates significantly reduces transportation costs and enhances operational efficiency. Detailed site plans and zoning information are readily available upon request. This is an exceptional opportunity to acquire a significant industrial land parcel in a highly desirable location. Don't miss out on this chance to secure your future in Richland, MS.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Richland
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.1727
    Latitude
    32.2646

    Comparable in this City

    • Value Estimation by Request
      5.56 Acres

      Old Highway 49

      Land • 5.56 Acres
      0 Old Highway 49, Richland, MS 39218
      View Details
    • Value Estimation by Request
      2.64 Acres

      1164 Old Pearson Rd

      Land • 2.64 Acres
      1164 Old Pearson Rd, Richland, MS 39218
      View Details
    • Value Estimation by Request
      19.32 Acres

      Transload Dr

      Land • 19.32 Acres
      0 Transload Dr, Richland, MS 39218
      View Details
    • Value Estimation by Request
      2,500 SF

      625 Us 49

      Distribution properties • 2,500 SF
      625 Us 49, Richland, MS 39218
      View Details
    • Value Estimation by Request
      5,000 SF

      Aerosmith Dr

      Distribution properties • 5,000 SF
      0 Aerosmith Dr, Richland, MS 39218
      View Details
    • Value Estimation by Request
      13,072 SF

      457 49 Frontage Rd

      Distribution properties • 13,072 SF
      457 49 Frontage Rd, Richland, MS 39218
      View Details

    Similar Nearby for Sale

    • $337,500
      Pending

      Highway 49 Frontage Warehouse

      Small office warehouse with frontage on Highway 49.
      625 Highway 49, Richland, MS 39218
      View Details
    • $388,500
      Pending

      Office Warehouse on Highway Frontage

      Small office warehouse with frontage on Highway 49.
      625 Highway 49, Richland, MS 39218
      View Details
    • Contact for pricing

      Richland Industrial Facility with Expansion

      20,000 SF facility expandable by 30,000 SF on 8.7 acres.
      327 Leggett Dr, Richland, MS 39218
      View Details
    • Contact for pricing
      Pending

      Office Warehouse on Highway Frontage

      Small office warehouse with highway frontage and large lot.
      625 Highway 49, Richland, MS 39218
      View Details
    • Contact for pricing

      Richland Industrial Facility with Expansion

      33,000 SF facility on 3.3 acres in Richland, MS.
      160 Interstate Dr, Richland, MS 39218
      View Details
    • Contact for pricing

      Commercial Land Near Highway 49

      12.77+/- acres of commercial land in Richland, Mississippi.
      W Harper St, Richland, MS 39218
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      5,000 SF

      Richland, MS Industrial Property

      5,000 SF Office/Warehouse Space Available
      0 Aerosmith Dr, Richland, MS 39218
      View Details
    • Contact for pricing

      Richland Industrial Facility Pre-Leasing

      110,390 SF industrial facility with build-to-suit options available.
      129 Interstate Dr, Richland, MS 39218
      View Details
    • Contact for pricing
      4,800 SF

      Industrial Flex Space Available

      Industrial flex space for lease in Richland, Mississippi.
      199 Interstate Dr, Richland, MS 39218
      View Details
    • Contact for pricing

      Richland Industrial Space Available

      Industrial spaces available for rent in Richland, Mississippi.
      542 Industrial Dr, Richland, MS 39218
      View Details
    • Contact for pricing

      Richland Industrial Flex Space Available

      Industrial flex space for lease in Richland, Mississippi.
      199 Interstate Dr, Richland, MS 39218
      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.
    Aerosmith Dr
    Richland, MS 39218
    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
    Aerosmith Dr, Richland, MS, 39218
    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!