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    49 And Hwy Janice, MS 39425

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    49 And Hwy Janice, MS 39425

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    • Retail properties & Spaces
    • 29.81 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 49 And Hwy

    Lot size
    29.81 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional 29.81-acre parcel sits at the high-traffic intersection of Highway 49 and Highway 13 in Brooklyn, Mississippi (zip code 39425), Forrest County. Currently listed at $298,100, this represents a land value of $10,000 per acre. The property's Assessed Parcel Number (APN) is 1-107-21-001. Its classification includes retail, land, and business-for-sale designations, with a convenience store subtype. The heavily timbered land presents significant commercial development opportunities. Its strategic location at the corner of two major highways makes it ideal for a variety of businesses, including, but not limited to, a convenience store, truck stop, or other retail establishments. The property's size and visibility offer substantial potential for high returns on investment. This is a rare opportunity to acquire a large, well-situated commercial tract in a growing Mississippi market. Serious inquiries are encouraged to explore the possibilities of this unique property. The city verified on the property records is Janice, MS.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Janice
    County
    Forrest
    State
    Mississippi
    Longitude
    -89.0752
    Latitude
    31.0531

    Comparable in this City

    • Value Estimation by Request
      6.60 Acres

      49 6.6Ac Hwy

      Farms • 6.60 Acres
      49 6.6Ac Hwy, Brooklyn, MS 39425
      View Details
    • Value Estimation by Request
      4,350 SF

      Brooklyn, MS 39425

      RETAIL STORES (PERSONAL SERVICES) • 4,350 SF
      Brooklyn, MS 39425
      View Details
    • Value Estimation by Request
      3,000 SF

      2308 Hwy 49

      RETAIL STORES (PERSONAL SERVICES) • 3,000 SF
      2308 Hwy 49, Brooklyn, MS 39425-8703
      View Details
    • Value Estimation by Request
      1,740 SF

      9981 Janice Brooklyn Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,740 SF
      9981 Janice Brooklyn Rd, Brooklyn, MS 39425-9675
      View Details
    • Value Estimation by Request
      2,406 SF

      26 Old Hwy 49th To Brooklyn

      RETAIL STORES (PERSONAL SERVICES) • 2,406 SF
      26 Old Hwy 49th To Brooklyn, Brooklyn, MS 39425-8701
      View Details
    • Value Estimation by Request
      2,400 SF

      264 Pete Anderson Loop

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      264 Pete Anderson Loop, Brooklyn, MS 39425-9653
      View Details

    Similar Nearby for Sale

    • $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
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    • $30,000
      10.00 Acres

      Perry County Hunting Land

      Undeveloped 10-acre hunting land in Brooklyn, Mississippi.
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    • $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
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    • $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
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    • $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
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    • $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
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    Janice, MS 39425
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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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