Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    620 George Wise Rd Carriere, MS 39426

    • Land
    For Sale
    View listing
    $99,500
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 620 George Wise Rd

    Property type
    Land

    Description

    This exceptional 6.9-acre wooded lot presents a unique opportunity to build your dream home in a serene, yet conveniently located setting. Situated in Carriere, Mississippi, this property boasts a picturesque pond, offering tranquility and natural beauty. The land is part of a larger parcel undergoing subdivision, ensuring each lot enjoys direct access to the county road. The location provides a peaceful country lifestyle while remaining easily accessible to the Carriere/Picayune area via Highway 43, making commuting a breeze. The property's address is Tract 2 of 620 George Wise Road, Carriere, MS 39426. The asking price is $99,500. This is an ideal location for those seeking a blend of rural charm and convenient access to nearby amenities. Please note that mobile homes are not permitted on this property. The lot's GPS coordinates are 30.6589717 latitude and -89.7545112 longitude. This is a rare opportunity to own a beautiful, buildable lot in a desirable location. Don't miss out on this chance to create your perfect country retreat.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Carriere
    County
    Pearl River
    State
    Mississippi
    Longitude
    -89.7545
    Latitude
    30.659

    Comparable in this City

    • Value Estimation by Request

      980 Anchor Lake Rd

      Land
      980 Anchor Lake Rd, Carriere, MS 39426
      View Details
    • Value Estimation by Request

      00 Burgetown Rd

      Land
      00 Burgetown Rd, Carriere, MS 39426
      View Details
    • Value Estimation by Request

      Lakeside Cv

      Land
      0 Lakeside Cv, Carriere, MS 39426
      View Details
    • Value Estimation by Request

      240 Baucum Rd

      Land
      240 Baucum Rd, Carriere, MS 39426
      View Details
    • Value Estimation by Request

      Nhn Twin Oaks Ln

      Land
      0 Nhn Twin Oaks Ln, Carriere, MS 39426
      View Details
    • Value Estimation by Request

      00 Hammock Rd

      Land
      00 Hammock Rd, Carriere, MS 39426
      View Details

    Similar Nearby for Sale

    • $150,000
      2.50 Acres

      Prime Carriere Land - Hwy 11

      2.5 Acres, $150,000 - Build Your Dream
      6A Hwy, Carriere, MS 39426
      View Details
    • $175,000
      4.47 Acres

      Prime Carriere Land - 4.47 Acres

      Mississippi acreage with horse barn.
      1452a Caesar Rd, Carriere, MS 39426
      View Details
    • $127,500
      15.10 Acres

      Prime Carriere Land - 15 Acres

      Mississippi acreage, ideal for development.
      198 A Hammock, Carriere, MS 39426
      View Details
    • $198,000
      9.90 Acres

      Carriere, MS Vacant Land

      9.9 acre vacant lot in Bent Creek development.
      75 Bent Crk, Carriere, MS 39426
      View Details
    • $35,000

      Lakeside Cove Lot - Carriere, MS

      Build Your Dream Home on 0.6 Acres
      0 Lakeside Cv Lot 142, Carriere, MS 39426
      View Details
    • Contact for pricing
      2.30 Acres

      Vacant Land in Carriere, MS

      Private wooded 2.3-acre lot suitable for residence or retreat.
      167 Bear Dr, Carriere, MS 39426
      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.
    620 George Wise Rd
    Carriere, MS 39426
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!