Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Ricky D Britt Sr Blvd Oxford, MS 38655
    Property profile & analytics

    Ricky D Britt Sr Blvd, Oxford, MS 38655

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

    Current Use by Public Records

    • Land

    Property Details for 0 Ricky D Britt Sr Blvd

    Property type
    Land

    Description

    This exceptional 2.95 million dollar land parcel presents a unique investment opportunity in Oxford, Mississippi. Located at the intersection of 0 Thacker Rd and Ricky D Britt Sr Blvd, this property boasts Oxford - SMF zoning, allowing for high-density multi-family development. This is the last remaining large tract in Oxford zoned exclusively for multi-family use following recent comprehensive plan updates, eliminating the need to incorporate other land uses. The zoning permits over 50 bedrooms per acre, making it ideal for apartment complexes or condominium projects. Its convenient location provides easy access to Highway 6 via Ricky D Britt Blvd and Thacker Rd, ensuring excellent accessibility for residents. Preliminary engineering work is already available, streamlining the development process. This is a truly unparalleled opportunity for developers seeking a prime location for a substantial multi-family project in a thriving Mississippi market. The property is owned by Oakmont Oxford, LLC and is situated in Lafayette County, with a zip code of 38655. The coordinates are 34.3600294 latitude and -89.5904645 longitude. This is a rare chance to acquire a large, fully permitted multi-family development site in a high-demand area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Oxford
    County
    Lafayette
    State
    Mississippi
    Longitude
    -89.5905
    Latitude
    34.36

    Comparable in this City

    • Value Estimation by Request

      10,700 SQFT Residential Land For Sale

      1.7-acre property features 11 fully rented townhomes
      360-372 Acadia Loop, OXFORD, MS 38655
      View Details
    • Value Estimation by Request

      2887 Lamar Blvd

      Land
      2887 Lamar Blvd, Oxford, MS 38655
      View Details
    • Value Estimation by Request
      3.77 Acres

      2885 Lamar Blvd

      Multifamily properties
      2885 Lamar Blvd, Oxford, MS 38655
      View Details
    • Value Estimation by Request
      5.24 Acres

      98 Ms-328

      Land
      98 Ms-328, Oxford, MS 38655
      View Details
    • Value Estimation by Request
      0.30 Acres

      00 Slack Rd

      Land
      00 Slack Rd, Oxford, MS 38655
      View Details
    • Value Estimation by Request
      120.20 Acres

      120.2 Acres In Lafayette County

      Agricultural land / Farmland
      0 120.2 Acres In Lafayette County, Oxford, MS 38655
      View Details

    Similar Nearby for Sale

    • $323,850
      42.70 Acres

      Prime 42.7-Acre MS Land Investment

      Recreational & Commercial Potential near Oxford
      Oxford, MS 38655
      View Details
    • $89,000
      Pending

      Wooded Land Bordering National Forest

      10.75 acres bordering Holly Springs National Forest near Oxford.
      County Road 277, Oxford, MS 38655
      View Details
    • $595,000
      50.00 Acres

      50 Acres in Lafayette Springs

      50-acre property in Lafayette Springs with utilities in place.
      36 County Road 284, Thaxton, MS 38655
      View Details
    • $460,000
      Pending

      Wooded Land Near National Forest

      12-acre wooded tract with pond access near Oxford, MS.
      County Road 100, Oxford, MS 38655
      View Details
    • $270,000
      22.50 Acres

      Versatile Land in Growing Area

      22.5 acres in Taylor, MS, ideal for home or retreat.
      County Road 367, Oxford, MS 38655
      View Details
    • $67,500
      2.30 Acres

      2.3 Acre Wooded Land Tract

      2.3 acre wooded land near Oxford, MS.
      62 County Road 198, Oxford, MS 38655
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Oxford Commons Land Lease Opportunity

      Premier land available for ground lease in Oxford Commons.
      Sisk Ave, Oxford, MS 38655
      View Details
    • Contact for pricing

      1600 Grand Oaks Blvd, Oxford, MS 38655

      Retail space
      1600 Grand Oaks Blvd, Oxford, MS 38655
      View Details
    • Contact for pricing

      Manufacturing Building For Sublease

      Manufacturing building for sublease in growing Oxford, MS MSA.
      36 County Road 166, Oxford, MS 38655
      View Details
    • Contact for pricing
      Pending

      North Lamar Commercial Space

      New construction mixed-use space on North Lamar Corridor.
      1009 N Lamar Blvd, Oxford, MS 38655
      View Details
    • Contact for pricing
      1,600 SF

      Affordable Flex Space in Oxford

      Cost-effective office and light industrial space available for lease.
      4 Bldg 1, Oxford, MS 38655
      View Details
    • Contact for pricing
      40,000 SF

      Flexible Office Space Available

      Office spaces for rent with flexible layouts and ample parking.
      2420 S Lamar Blvd, Oxford, MS 38655
      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.
    Ricky D Britt Sr Blvd
    Oxford, MS 38655
    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
    Ricky D Britt Sr Blvd, Oxford, MS, 38655
    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!