Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Lot 7 Way Lucedale, MS 39452
    Back to Search
    Property profile & analytics

    Lot 7 Way, Lucedale, MS 39452

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

    Current Use by Public Records

    • Land

    Property Details for 0 Lot 7 Way

    Lot size
    1.54 lot acres
    Property type
    Land

    Description

    This exceptional 1.54-acre commercial land parcel presents a unique investment opportunity in the desirable Lucedale, Mississippi area. Situated on Lot 7 Gracie's Way, this property boasts a prime lakefront location within a beautiful new subdivision on Highway 63. Enjoy stunning lake views and the tranquility of upscale, private lakeside living. The subdivision features restrictive covenants designed to protect and enhance the value of your investment, ensuring a consistently high standard of development. This lot offers the perfect canvas for building your dream commercial venture, taking advantage of the picturesque setting and the potential for significant return. The property's address is Lot 7 Gracie's Way, Lucedale, MS 39452, located in George County. The asking price for this remarkable opportunity is $50,044. Most lots in this development offer direct water access, while all provide breathtaking views. Don't miss this chance to secure a piece of this sought-after lakeside community. Contact us today to learn more about this exceptional property and explore the possibilities it offers.

    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
    -88.61
    Latitude
    30.8541

    Comparable in this City

    • Value Estimation by Request
      16.90 Acres

      63 Old Hwy

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

      60 Lymon Havard Ln

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

      1.9 Acres Cowart St St

      Land
      0 1.9 Acres Cowart St St, Lucedale, MS 39452
      View Details
    • Value Estimation by Request
      1.17 Acres

      22 Gracies Way

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

      10 Conner Stringer Dr

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

      8 Conner Stringer Dr

      Land
      8 Conner Stringer Dr, Lucedale, MS 39452
      View Details

    Similar Nearby for Sale

    • $65,000
      20.00 Acres

      Landlocked Land in Lucedale, MS

      Undeveloped 20-acre land tract rich with timber.
      Landlocked, Lucedale, MS 39452
      View Details
    • $90,000
      10.35 Acres

      Lucedale Land with Creek

      10.35 acres of vacant land with creek.
      10.35 Ac Barton Agricola Rd, Lucedale, MS 39452
      View Details
    • $36,000
      10.00 Acres

      Secluded Lucedale Land with Timber

      10-acre Lucedale, MS tract ideal for investment or recreation.
      00 Off Country Hl Rd, Lucedale, MS 39452
      View Details
    • $399,560
      4.00 Acres

      Lucedale Land Portfolio For Sale

      Portfolio of four parcels totaling approximately 132.99 acres.
      Sanford Rd, Lucedale, MS 39452
      View Details
    • $499,000
      80.00 Acres

      80 Acres Wooded Land Lucedale

      80+/- acres of wooded land in Southeast George County.
      80+/-Ac Little Cedar Rd, Lucedale, MS 39452
      View Details
    • $257,900
      74.00 Acres

      Lucedale Land with Road Frontage

      74+/- acres in Lucedale, MS, ideal for homesite or recreation.
      74 +/- Ac Cowart Rd, 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.
    Lot 7 Way
    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

    Thank You for Inquiry
    Lot 7 Way, Lucedale, MS, 39452
    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!