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    30 Meyers Cv Picayune, MS 39466
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    30 Meyers Cv, Picayune, MS 39466

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

    Current Use by Public Records

    • Land

    Property Details for 30 Meyers Cv

    Lot size
    5.00 lot acres
    Property type
    Land

    Description

    This exceptional 5-acre vacant land parcel presents a unique opportunity for building your dream home in the desirable Picayune, Mississippi area. Located at 30 SW Meyers Cove, this property offers a tranquil setting while enjoying convenient access to Interstate 59, just 7 miles away via Exit 6. The expansive lot provides ample space for a custom home and potential landscaping. The property is classified as vacant land, offering complete flexibility for your building plans. Utilities are not included and will need to be independently verified and connected. The asking price for this remarkable property is $68,000. This represents a compelling investment in a growing community, offering both privacy and proximity to essential amenities. Pearl River County provides a welcoming environment, and this property is ideally situated to take advantage of its natural beauty and convenient location. Serious inquiries are encouraged to explore this exceptional opportunity to build your dream home in a peaceful yet accessible setting. The property is located in Picayune, Mississippi, zip code 39466.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Picayune
    County
    Pearl River
    State
    Mississippi
    Longitude
    -89.6816
    Latitude
    30.5045

    Comparable in this City

    • Value Estimation by Request
      3.24 Acres

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      105 Highland Pkwy, Picayune, MS 39466
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    • Value Estimation by Request
      1,527.70 Acres

      Catahoula Crk

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      0 Catahoula Crk, Picayune, MS 39466
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      5.50 Acres

      6415 Highway 11

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      6415 Highway 11, Picayune, MS 39466
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      3.00 Acres

      2416 Ms-43

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      2416 Ms-43, Picayune, MS 39466
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    • Value Estimation by Request
      3.45 Acres

      11 Hwy

      Land
      11 Hwy, Nicholson, MS 39466
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    Similar Nearby for Sale

    • $360,000
      Pending

      Land Available on Benville Road

      Land for sale on N. Benville Road, Picayune, MS.
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      Land Parcel Near Picayune

      Wooded land parcel adjoining a subdivision outside Picayune.
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      Land For Sale

      Land available for sale.
      70 Mamie Cir, Picayune, MS 39466
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    Similar Nearby for Lease

    • $2.00 SF/Yr
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      Prime Picayune Commercial Land

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      35,000 SF Out Parcel

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    • $549,000
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      High Visibility Commercial Lot

      Commercial lot near hospital and post office, zoned C3.
      105 Highland Pkwy, Picayune, MS 39466
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      2,700 SF

      Retail/Office Space Near I-59

      Retail or office space for lease near I-59 interchange.
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      Picayune Warehouse Space For Rent

      Approximately 875 sqft warehouse space with roll-up door.
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      12,083 SF

      Retail Space on Memorial Boulevard

      Large retail space in established Pearl River County retail corridor.
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    Picayune, MS 39466
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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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