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    726 Clinton Pkwy Clinton, MS 39056

    • Land
    • 4.88 lot acres
    For Sale
    View listing
    $250,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 726 Clinton Pkwy

    Lot size
    4.88 lot acres
    Property type
    Land

    Description

    This exceptional 4.88-acre commercial land parcel, located at 726 Clinton Parkway in Clinton, Mississippi (zip code 39056), presents a unique investment opportunity. Zoned C-2, this property offers significant potential for a variety of uses, including single-use specialty retail, medical facilities, office buildings, or senior living development. Alternatively, the expansive lot allows for subdivision and the sale of smaller parcels, catering to developers seeking multiple development opportunities. An owner-user could also establish their business on a portion of the land while simultaneously developing a build-to-suit project on the remaining acreage. The property's strategic location on Clinton Parkway ensures high visibility and accessibility. While a small portion is dedicated to a detention pond serving both this property and an adjacent medical facility, the vast majority of the 4.88 acres remains available for development. The Hinds County property, APN 2862-111-365, is priced at $250,000, translating to approximately $51,229 per acre. This represents a compelling value proposition for investors and developers seeking a prime commercial location in a thriving Mississippi market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Clinton
    County
    Hinds
    State
    Mississippi
    Longitude
    -90.3257
    Latitude
    32.3502

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    Similar Nearby for Sale

    • $250,000
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      Clinton Parkway Commercial Land

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      15.00 Acres

      Clinton I-20 Commercial Land

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    • $1,200,000
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      60 Acres Commercial Land, Jackson MS

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      Clinton Parkway Land: 42 Acres

      Prime Clinton, MS Commercial Land
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    Similar Nearby for Lease

    • $5,450,000
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      Industrial Buildings with Dock Doors

      Two industrial buildings available for lease with multiple dock doors.
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      Renovated Industrial Space Available

      Sublease opportunity: renovated industrial space with highway frontage.
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    • $1,875 /Mo
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      Office and Warehouse Space Available

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      Clinton Industrial Park: 80,000 SF Warehouse

      Multiple suites, flexible space, ideal location.
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      14,000 SF

      Retail Space in Clinton, MS

      Retail space available in grocery-anchored shopping center.
      822 E Northside Dr, Clinton, MS 39056
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    • Contact for pricing
      1,450 SF

      Retail Space in Clinton, MS

      Retail space with high visibility and access in Clinton.
      713-727 Clinton Pkwy, Clinton, MS 39056
      View Details
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    726 Clinton Pkwy
    Clinton, MS 39056
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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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