Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1074-1076 Union Rd Carriere, MS 39426
    Property profile & analytics

    1074-1076 Union Rd, Carriere, MS 39426

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

    Current Use by Public Records

    • Specialty properties

    Property Details for 1074-1076 Union Rd

    Property type
    Specialty properties

    Description

    This exceptional turnkey investment opportunity presents a fully occupied, renovated trailer park located at 1074-1076 West Union, Carriere, Mississippi, 39426. Priced at $343,000, this special purpose property boasts three separate rental incomes, ensuring immediate cash flow. All homes are currently under a year-long lease agreement, providing stability and predictability for the investor. The property is in excellent condition, having undergone a complete renovation. The location benefits from proximity to PRC schools, offering convenience and appeal to potential tenants. High-speed internet access is readily available via Coast Electric fiber. This is a cash-only or conventional financing opportunity, ideal for investors seeking a strong return on investment in a stable market. The property's current occupancy rate of 100% speaks to its desirability and the potential for continued success. The latitude and longitude coordinates are 30.6426111 and -89.6816208 respectively. This is a rare chance to acquire a well-maintained, high-yielding investment property with minimal vacancy risk. Serious inquiries only.

    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
    -89.6816
    Latitude
    30.6426

    Comparable in this City

    • Value Estimation by Request
      2,501 SF

      244 Burgetown Rd

      DAY CARE, PRE-SCHOOL
      244 Burgetown Rd, Carriere, MS 39426-7524
      View Details
    • Value Estimation by Request

      48 Crazy Tree Dr

      Land
      48 Crazy Tree Dr, Carriere, MS 39426
      View Details
    • Value Estimation by Request

      1452c Caesar Rd

      Land
      1452c Caesar Rd, Carriere, MS 39426
      View Details
    • Value Estimation by Request
      15.00 Acres

      00 George Ford Rd

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

      Hobolo Crk Rd

      Land
      0 Hobolo Crk Rd, Carriere, MS 39426
      View Details
    • Value Estimation by Request
      15.10 Acres

      198 A Hammock

      Land
      198 A Hammock, Carriere, MS 39426
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Highway Commercial Building Ready to Renovate

      Commercial building gutted to the studs, ready for renovation.
      7347 Highway 11, Carriere, MS 39426
      View Details
    • Contact for pricing
      0.50 Acres

      Residential Lots in North Hill

      Available lots for building a dream home in Carriere.
      0000 Gentle Breeze Dr, Carriere, MS 39426
      View Details
    • Contact for pricing

      25 Acres of Quiet Land

      25 acres of unrestricted land with underground power.
      Nhn Bear Dr, Carriere, MS 39426
      View Details
    • Contact for pricing
      1.00 Acre

      Acre Lot in Carriere, MS

      One-acre lot in up-and-coming Carriere neighborhood.
      Anchor Lake Rd, Carriere, MS 39426
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      84 Spring Oak 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.
    1074-1076 Union 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

    Thank You for Inquiry
    1074-1076 Union Rd, Carriere, MS, 39426
    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!