Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    49 6.6Ac Hwy Brooklyn, MS 39425

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    49 6.6Ac Hwy Brooklyn, MS 39425

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

    Current Use by Public Records

    • Land

    Property Details for 49 6.6Ac Hwy

    Lot size
    6.60 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 6.6-acre commercial lot presents a significant investment opportunity in Brooklyn, Mississippi. Strategically located on Highway 49, just south of the new Keith's Store, this property boasts high visibility and excellent access for businesses. The land is classified as agricultural, offering versatility for a range of commercial developments. With a total asking price of $66,000, the price per acre is $10,000, reflecting the property's prime location and development potential. The property's address is 6.6ac Hwy 49, Brooklyn, MS 39425, and its location is further identified by the Assessor's Parcel Number (APN) 1-083-04-038. This location offers significant advantages for businesses seeking high traffic exposure and easy accessibility. The property's size and highway frontage make it ideal for a variety of commercial uses, from retail establishments to light industrial businesses. Given its proximity to the new Keith's Store, the property benefits from the increased traffic and commercial activity in the area. This is a rare opportunity to acquire a substantial commercial lot in a rapidly developing area of Mississippi. Serious inquiries are encouraged to explore the potential of this exceptional property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Forrest
    State
    Mississippi
    Longitude
    -89.2026
    Latitude
    31.0422

    Comparable in this City

    • Value Estimation by Request
      29.81 Acres

      49 And Hwy

      Individual retail properties • 29.81 Acres
      49 And Hwy, Janice, MS 39425
      View Details
    • Value Estimation by Request

      57 Main Ave

      INDUSTRIAL - VACANT LAND
      57 Main Ave, Brooklyn, MS 39425-9758
      View Details
    • Value Estimation by Request
      237.91 Acres

      Brooklyn, MS 39425

      VACANT COMMERCIAL LAND • 237.91 Acres
      Brooklyn, MS 39425
      View Details
    • Value Estimation by Request
      0.13 Acres

      Brooklyn, MS 39425

      VACANT COMMERCIAL LAND • 0.13 Acres
      Brooklyn, MS 39425
      View Details
    • Value Estimation by Request
      5.00 Acres

      2216 Hwy 49

      VACANT COMMERCIAL LAND • 7,500 SF
      2216 Hwy 49, Brooklyn, MS 39425-9764
      View Details
    • Value Estimation by Request
      2,760 SF

      Brooklyn, MS 39425

      VACANT COMMERCIAL LAND • 2,760 SF
      Brooklyn, MS 39425
      View Details

    Similar Nearby for Sale

    • $30,000
      10.00 Acres

      Perry County Hunting Land

      Undeveloped 10-acre hunting land in Brooklyn, Mississippi.
      10 Ac Hwy 29, Brooklyn, MS 39425
      View Details
    • $160,000
      32.00 Acres

      Undeveloped Timberland South of Brooklyn

      32 acres of heavily timbered land near Brooklyn, Mississippi.
      32 Ac Hwy 49, Brooklyn, MS 39425
      View Details
    • $144,075
      19.21 Acres

      Wooded Acreage in Brooklyn, MS

      19.21 acres of wooded land with road frontage.
      19.21 Ac Pearces Rd, Brooklyn, MS 39425
      View Details
    • $298,100
      29.81 Acres

      Commercial Land on Highway Corner

      29.81 acres of timbered land with commercial potential.
      49 And Hwy 13, Brooklyn, MS 39425
      View Details
    • $425,480
      104.06 Acres

      Recreational Land in Forrest County

      104.06 acre recreational tract in South Forrest County.
      104.06 Ac Cozy Cor And Old Hwy 49, Brooklyn, MS 39425
      View Details
    • $214,800
      35.80 Acres

      35.8 Acres Wooded Land Tract

      Wooded land suitable for home site, recreation, timber production.
      35.8 Ac Pearces Rd, Brooklyn, MS 39425
      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.
    49 6.6Ac Hwy
    Brooklyn, MS 39425
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!