Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    526 Highway 61 Natchez, MS 39120
    Property profile & analytics

    526 Highway 61, Natchez, MS 39120

    View on Map
    • Retail properties & Spaces
    • 3.43 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 526 Highway 61

    Lot size
    3.43 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This 3.43-acre parcel, identified as Lot 11 Beechwood and APN 45-RD, is strategically located at 526 Highway 61 North in Natchez, Mississippi, zip code 39120 (31.5644584, -91.3486326). Priced at $199,250, this versatile land offers significant development opportunities. Its zoning allows for a variety of uses, including retail, office, self-storage, retail-pad, and hospitality establishments. The property boasts excellent visibility from Highway 61 due to its location on Corporate Boulevard, ensuring high traffic exposure for any future business. The site's size presents a unique advantage, allowing for the construction of a substantial building or the potential for expansion. Furthermore, the availability of adjacent lots provides the option to acquire a larger contiguous tract, catering to projects requiring more extensive space. This presents a compelling investment opportunity for developers seeking a prime location with flexible zoning and high visibility in a growing area. The property is ready for immediate development, offering a blank canvas for a variety of commercial ventures.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Natchez
    County
    Adams
    State
    Mississippi
    Longitude
    -91.3486
    Latitude
    31.5645

    Comparable in this City

    • Value Estimation by Request
      15.43 Acres

      001543

      Individual retail properties
      0 001543, Natchez, MS 39120
      View Details
    • Value Estimation by Request
      3.60 Acres

      00036 Highway 61

      Individual retail properties
      00036 Highway 61, Natchez, MS 39120
      View Details
    • Value Estimation by Request
      0.87 Acres

      003 Corporate Blvd

      Individual retail properties
      003 Corporate Blvd, Natchez, MS 39120
      View Details
    • Value Estimation by Request
      3.27 Acres

      Natchez, MS 39120

      Individual retail properties
      Natchez, MS 39120
      View Details
    • Value Estimation by Request
      2.82 Acres

      12 Beechwood Ln

      Individual retail properties
      12 Beechwood Ln, Natchez, MS 39120
      View Details
    • Value Estimation by Request
      3.32 Acres

      Natchez, MS 39120

      Individual retail properties
      Natchez, MS 39120
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      19,434 SF

      Mixed-Use Property with Multiple Buildings

      4.8-acre property featuring six freestanding buildings, some currently rented.
      255 Us-61, Natchez, MS 39120
      View Details
    • $875,000
      4,400 SF

      Downtown Natchez Mixed-Use Opportunity

      Two-story historical building in downtown Natchez with commercial and residential potential.
      433 Main St, Natchez, MS 39120
      View Details
    • $495,000
      9,500 SF

      Historic Natchez Office Building

      Two-story commercial building in downtown Natchez with investment potential.
      126 S Commerce St, Natchez, MS 39120
      View Details
    • Contact for pricing
      5,000 SF

      Thriving Event Venue & Wedding Barn

      Event venue on 3 acres, suitable for various events.
      398 Greenfield Rd, Natchez, MS 39120
      View Details
    • $440,000
      3,744 SF

      Historic Kings Tavern Building

      Three-level antebellum structure in Natchez, suitable for restaurant/retail.
      613 Jefferson St, Natchez, MS 39120
      View Details
    • Contact for pricing

      10.62 Acres of Land

      10.62 acres of land available for sale.
      21 Southview Dr, Natchez, MS 39120
      View Details

    Similar Nearby for Lease

    • $4,000 /Mo
      4,000 SF

      Retail Space in Natchez, MS

      4,000 sq ft retail space for rent in Natchez.
      414 Highway 61 N, Natchez, MS 39120
      View Details
    • Contact for pricing
      3,500 SF

      Retail Space in Natchez Mall

      Retail space available in established Natchez Mall.
      350 John Junkin Dr, Natchez, MS 39120
      View Details
    • Contact for pricing

      Natchez Land For Lease

      Land available for lease in Natchez, Mississippi.
      261 Devereaux Dr, Natchez, MS 39120
      View Details
    • Contact for pricing
      3,080 SF

      Medical Office Shell Space

      3,080 SF shell space in Class A medical office.
      46 Sgt Prentiss Pkwy, Natchez, MS 39120
      View Details
    • Contact for pricing

      Downtown Natchez Renovated Office Space

      Recently renovated office space for lease in downtown Natchez.
      104 S Wall St, Natchez, MS 39120
      View Details
    • Contact for pricing

      Medical Office Space Near Hospital

      Class A medical building adjacent to Merit Health Natchez hospital.
      46 Sgt Prentiss Dr, Natchez, MS 39120
      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.
    526 Highway 61
    Natchez, MS 39120
    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
    526 Highway 61, Natchez, MS, 39120
    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!