Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    178 Hwy New Albany, MS 38652
    Back to Search
    Property profile & analytics

    178 Hwy, New Albany, MS 38652

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

    Current Use by Public Records

    • Land

    Property Details for 178 Hwy

    Lot size
    65.00 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 65-acre industrial land parcel presents a compelling investment opportunity in New Albany, Mississippi. Strategically located in Union County, this property boasts significant frontage on both Old Highway 78 (2,500 feet) and Interstate 22 (1,350 feet), offering unparalleled accessibility and visibility. The expansive acreage provides ample space for a wide range of industrial development projects, making it ideal for businesses seeking a prominent location with excellent transportation links. The asking price for this remarkable property is $455,000. Given its size, location, and highway frontage, this land represents a rare chance to secure a substantial foothold in a growing Mississippi market. The property's zoning and potential uses should be verified independently by prospective buyers. Detailed surveys and environmental assessments are recommended prior to any development plans. This is a unique opportunity to acquire a significant tract of land with exceptional potential for industrial development or other suitable uses. The property is located at W Hwy 178, New Albany, MS 38652. Contact us today to learn more about this outstanding investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Albany
    County
    Union
    State
    Mississippi
    Longitude
    -89.0032
    Latitude
    34.4895

    Comparable in this City

    • Value Estimation by Request
      2.35 Acres

      Coulter Cv

      Land
      0 Coulter Cv, New Albany, MS 38652
      View Details
    • Value Estimation by Request
      1.00 Acre

      New Albany, MS 38652

      HEAVY INDUSTRIAL
      New Albany, MS 38652
      View Details
    • Value Estimation by Request
      43,200 SF

      944 Ms-15

      Life science properties
      944 Ms-15, New Albany, MS 38652
      View Details
    • Value Estimation by Request
      1.43 Acres

      Tract 4 Coulter Cv

      Land
      Tract 4 Coulter Cv, New Albany, MS 38652
      View Details
    • Value Estimation by Request
      1.85 Acres

      1165 Bratton Rd

      Land
      1165 Bratton Rd, New Albany, MS 38652
      View Details
    • Value Estimation by Request
      1.83 Acres

      Bankhead St

      Land
      0 Bankhead St, New Albany, MS 38652
      View Details

    Similar Nearby for Sale

    • $65,000
      3.67 Acres

      3.67 Acres in New Albany

      Land for sale in Union County, Mississippi.
      County Road 94, New Albany, MS 38652
      View Details
    • $128,000
      9.24 Acres

      Ingomar Community Land Parcel

      9.24 acres in Ingomar Community with water and gas.
      County Road 94, New Albany, MS 38652
      View Details
    • $125,000
      8.98 Acres

      Ingomar Community Land Parcel

      8.98 acre lot in a serene, quiet location.
      County Road 94, New Albany, MS 38652
      View Details
    • $65,000
      2.48 Acres

      Land in Ingomar Community

      2.48 acres in Ingomar, near school, with utilities.
      County Road 90, New Albany, MS 38652
      View Details
    • $65,000
      3.67 Acres

      Land Near Tanglefoot Trail

      3.67 acres near Tanglefoot Trail in Ingomar community.
      County Road 94, New Albany, MS 38652
      View Details
    • $75,000
      3.63 Acres

      Land in Ingomar Community

      3.63 acres in a prime New Albany location.
      County Road 96, New Albany, MS 38652
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      160,000 SF

      New Albany Warehouse For Rent

      160,000 SF warehouse with HVAC and rail spur.
      1103 Denmill Rd, New Albany, MS 38652
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in New Albany

      Retail space available for lease in New Albany, Mississippi.
      334-340 Park Plaza Dr, New Albany, MS 38652
      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.
    178 Hwy
    New Albany, MS 38652
    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
    178 Hwy, New Albany, MS, 38652
    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!