Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    103 Hugh White State Park Rd Grenada, MS 38901
    Back to Search
    Property profile & analytics

    103 Hugh White State Park Rd, Grenada, MS 38901

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

    Current Use by Public Records

    • Land

    Property Details for 103 Hugh White State Park Rd

    Lot size
    13.42 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 13.42-acre property presents a unique opportunity in the Grenada Lake area of Mississippi. Ideally situated just 1.3 miles from The Dogwoods Golf Course at Hugh White State Park, this land offers unparalleled access to recreational activities. Enjoy convenient proximity to multiple boat ramps, including Piney Woods (1.8 miles), Graysport Crossing (13.4 miles), and easy access to I-55 Exit 206 (7.9 miles). Utilities are readily available, with Entergy electricity and City of Grenada water accessible along the roadside. The property is perfectly suited for a weekend getaway, permanent residence, or a prime location for fishing and hunting enthusiasts. Significant groundwork has already been completed, including dirt work for a house pad or RV/camper pad, and gravel driveways are in place. This parcel, designated as Tract 3 on the provided plat, is easily accessible via Hwy 8 and Hugh White State Park Rd. Directions from I-55 Exit 206 are clearly defined. A close street address for GPS purposes is 800 Hugh White State Park Rd, Grenada, MS 38901. Priced affordably at $115,000, this property represents an outstanding investment in recreational land.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Grenada
    County
    Grenada
    State
    Mississippi
    Longitude
    -89.7328
    Latitude
    33.7759

    Comparable in this City

    • Value Estimation by Request
      5.68 Acres

      102 Hugh White State Park Rd

      Farms • 5.68 Acres
      102 Hugh White State Park Rd, Grenada, MS 38901
      View Details
    • Value Estimation by Request
      165.00 Acres

      165 Acres In Grenada

      Farms • 165.00 Acres
      165 Acres In Grenada, Grenada, MS 38901
      View Details
    • Value Estimation by Request
      8.61 Acres

      101 Hugh White State Park Rd

      Farms • 8.61 Acres
      101 Hugh White State Park Rd, Grenada, MS 38901
      View Details
    • Value Estimation by Request
      8.94 Acres

      104 Hugh White State Park Rd

      Farms • 8.94 Acres
      104 Hugh White State Park Rd, Grenada, MS 38901
      View Details
    • Value Estimation by Request
      76.00 Acres

      1832 Ft Hl Rd

      Land • 76.00 Acres
      1832 Ft Hl Rd, Grenada, MS 38901
      View Details
    • Value Estimation by Request

      55 At Cp Mccain Rd

      Land
      55 At Cp Mccain Rd, Grenada, MS 38901
      View Details

    Similar Nearby for Sale

    • $350,000

      Hunter's Paradise Equity Share

      940-acre hunting and recreational property with custom cabins.
      1465 Ward Ln, Grenada, MS 38901
      View Details
    • $41,200
      Pending

      Grenada Land For Sale

      Land available in Grenada County, Mississippi.
      40 Nelia Rd, Grenada, MS 38901
      View Details
    • $65,000
      229,125 SF

      Grenada Lake Area Land

      5.265 acres near Grenada Lake, ideal for recreation.
      105 Hugh White State Park Rd, Grenada, MS 38901
      View Details
    • $120,000
      8.00 Acres

      Vacant Land in Grenada, MS

      8-acre vacant land available in Grenada, Mississippi.
      2200 Perry Rd, Grenada, MS 38901
      View Details
    • $36,000
      6.60 Acres

      6.6 Acres of Vacant Land

      Unrestricted 6.6-acre parcel near Grenada, MS, suitable for various uses.
      1181 Salem Church Rd, Grenada, MS 38901
      View Details
    • $99,000

      Grenada Land with Mature Trees

      6.5-acre tract with mature trees and outbuildings in Grenada.
      2264 Long St, Grenada, MS 38901
      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.
    103 Hugh White State Park Rd
    Grenada, MS 38901
    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
    103 Hugh White State Park Rd, Grenada, MS, 38901
    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!