Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Mcmillon Rd Madison, MS 39110
    Back to Search
    Property profile & analytics

    Mcmillon Rd Madison, MS 39110

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

    Current Use by Public Records

    • Land

    Property Details for 0 Mcmillon Rd

    Lot size
    200.00 lot acres
    Property type
    Land

    Description

    This exceptional 200-acre property in Madison County, Mississippi, presents a unique investment opportunity. Located on McMillon Rd, near the vibrant Town of Livingston development and the expansive Lake Caroline community, this land offers unparalleled access to amenities and a desirable lifestyle. Lake Caroline boasts an 835-acre lake, providing residents with boating, fishing, and other water activities. The larger Lake Caroline development encompasses approximately 3,000 acres and includes a restaurant, an 11-acre park, a championship golf course, pools, playgrounds, and tennis courts. The property's "Residential Estate" zoning allows for a variety of development possibilities. With approximately 22,059 households within a 7-mile radius, this location offers significant potential for residential growth and development. The asking price for this expansive parcel is $4,270,000. The property's convenient location, combined with its proximity to established amenities and a thriving residential area, makes it an attractive proposition for discerning investors seeking a prime residential land development opportunity in Madison, MS, zip code 39110. The property is situated at 32.549638 latitude and -90.177283 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Madison
    State
    Mississippi
    Longitude
    -90.1773
    Latitude
    32.5496

    Comparable in this City

    • Value Estimation by Request
      45.76 Acres

      Calhoun Sta Pkwy

      Land • 45.76 Acres
      0 Calhoun Sta Pkwy, Madison, MS 39110
      View Details
    • Value Estimation by Request
      39.00 Acres

      Gluckstadt Rd

      Land • 39.00 Acres
      0 Gluckstadt Rd, Madison, MS 39110
      View Details
    • Value Estimation by Request
      1.02 Acres

      Hwy 463 - Windsor Park

      Land • 1.02 Acres
      0 Hwy 463 - Windsor Park, Madison, MS 39110
      View Details
    • Value Estimation by Request
      21.00 Acres

      Welch Farms Rd

      Farms • 21.00 Acres
      0 Welch Farms Rd, Madison, MS 39110
      View Details
    • Value Estimation by Request

      Homestead Dr

      Land
      0 Homestead Dr, Madison, MS 39110
      View Details
    • Value Estimation by Request
      1.22 Acres

      342 Old Jackson Rd

      Land • 1.22 Acres
      342 Old Jackson Rd, Madison, MS 39110
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      4.73 acres of land available for purchase.
      463- 4 Windsor Park/Hwy, Madison, MS 39110
      View Details
    • $174,000
      2.50 Acres

      Waterfront Lot in Madison, MS

      2.58-acre waterfront lot in Chestnut Hill Subdivision.
      22 Chestnut Hill Rd, Madison, MS 39110
      View Details
    • $611,582
      1.17 Acres

      Madison Commercial Land - Hwy 463

      Prime 1.17-acre commercial lot.
      0 Highway 463, Madison, MS 39110
      View Details
    • $1,500,000
      32.00 Acres

      32 Acres Private Retreat Land

      Rare large tract of land in prime Madison location.
      00 St Augustine Dr, Ridgeland, MS 39110
      View Details
    • $310,000
      12.43 Acres

      Madison, MS Vacant Land

      Vacant land in a premier master-planned, gated community.
      82 Windermere Blvd, Madison, MS 39110
      View Details
    • Contact for pricing

      40 Acres of Land

      40 acres of land available for sale.
      208 Hardy Rd, Madison, MS 39110
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Madison Outparcel Ground Lease Opportunity

      1.37-acre site suitable for retail or restaurant development.
      Grandview Blvd, Madison, MS 39110
      View Details
    • Contact for pricing

      Proposed Class-A Office Building

      Proposed two-story, 40,000 SF Class-A office building for lease.
      124 One Madison Plz, Madison, MS 39110
      View Details
    • Contact for pricing

      Madison Office Space For Lease

      Executive office space for lease in Madison, Mississippi.
      962 Highway 51 U.S, Madison, MS 39110
      View Details
    • Contact for pricing

      Class A Physician Office Building

      New Class A medical office building in Madison, Mississippi.
      1026 Baptist Cir, Madison, MS 39110
      View Details
    • Contact for pricing

      Small Office Space in Madison

      Rare first-floor office suite with convenient access to I-55.
      219 Waterford Sq, Madison, MS 39110
      View Details
    • Contact for pricing

      Move-In Ready Retail Suite

      Retail suite with reception, rooms, restrooms, and storage.
      113 Dees Dr, Madison, MS 39110
      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.
    Mcmillon Rd
    Madison, MS 39110
    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
    Mcmillon Rd, Madison, MS, 39110
    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!