51 Joan Dr Ellisville, MS 39437
This exceptional 1.11-acre commercial lot is situated in a desirable location south of Ellisville, Mississippi, off Highway 11. Its strategic position offers easy access to both Laurel and Hattiesburg, making it ideal for businesses needing proximity to these major cities. The property is part of Phase III of an exclusive subdivision, boasting paved roads and a beautifully landscaped entrance. Homeowners association regulations and covenants are in place. Utilities are readily available, including underground electricity and CSpire fiber optic internet and television services. The lot is conveniently located just four miles from Jones County Junior College and two miles from Howard Industries. While a septic system will be required, this property presents a unique opportunity for commercial development. Owner financing is available, making this an attractive investment prospect. The Highlands subdivision offers a well-maintained and aesthetically pleasing environment for businesses. This is a rare opportunity to secure a prime commercial lot in a rapidly developing area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.