Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Highway 16 Philadelphia, MS 39350
    Back to Search
    Property profile & analytics

    Highway 16, Philadelphia, MS 39350

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

    Current Use by Public Records

    • Specialty properties

    Property Details for 0 Highway 16

    Property type
    Specialty properties

    Description

    This exceptional 0 Hwy 16 property presents a unique opportunity for developers seeking a prime commercial lot in Philadelphia, Mississippi. Listed at $365,000, this special purpose property is ideally situated in Neshoba County, offering excellent potential for various commercial ventures. The property's location at 32.7738446 latitude and -89.2095859 longitude provides convenient access to key transportation routes and local amenities. The address is 0 Hwy 16, Philadelphia, MS 39350. Currently undeveloped, this lot is ready for immediate development, making it an attractive investment for those seeking to build a new commercial structure. The property's classification as "Special Purpose" suggests flexibility in potential uses, subject to local zoning regulations. Prospective buyers are encouraged to conduct their own due diligence to determine the suitability of the land for their specific project. This is a rare opportunity to acquire a strategically located commercial lot in a growing Mississippi market. The asking price represents a compelling entry point for investors looking to capitalize on the potential of this prime development land. Serious inquiries are welcome.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Neshoba
    State
    Mississippi
    Longitude
    -89.2096
    Latitude
    32.7738

    Comparable in this City

    • Value Estimation by Request
      4,774 SF

      581 Center Ave

      Specialty properties
      581 Center Ave, Philadelphia, MS 39350
      View Details
    • Value Estimation by Request
      1.50 Acres

      100 Red Oak Dr

      Specialty properties
      100 Red Oak Dr, Philadelphia, MS 39350
      View Details
    • Value Estimation by Request
      2,349 SF

      426 Beacon St

      Specialty properties
      426 Beacon St, Philadelphia, MS 39350
      View Details
    • Value Estimation by Request

      901 Carter Ave

      Specialty properties
      901 Carter Ave, Philadelphia, MS 39350
      View Details
    • Value Estimation by Request

      11980 Road 149

      Specialty properties
      11980 Road 149, Philadelphia, MS 39350
      View Details
    • Value Estimation by Request
      0.52 Acres

      Philadelphia, MS 39350

      FUNERAL HOME
      Philadelphia, MS 39350
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Building Near Main Street

      Commercial building near Main Street, great investment opportunity.
      502 Church Ave, Philadelphia, MS 39350
      View Details
    • Contact for pricing
      10,566 SF

      Dollar General Investment Opportunity

      New Dollar General with corporate lease in Philadelphia, Mississippi.
      12400 Highway 16 W, Philadelphia, MS 39350
      View Details
    • Contact for pricing

      1060 Holland Avenue, Philadelphia, MS 39350

      Commercial land
      1060 Holland Ave, Philadelphia, MS 39350
      View Details
    • Contact for pricing

      Warehouse Space with Loading Ramp

      10,000 SF warehouse with loading ramp, leased until 2025.
      901 Carter Ave, Philadelphia, MS 39350
      View Details
    • $350,000
      8,447 SF

      Commercial Building in Philadelphia, MS

      Commercial building with office and shop space for sale.
      1114 E Main St, Philadelphia, MS 39350
      View Details
    • Contact for pricing

      Commercial Lot on Highway 16

      3.5-acre commercial lot with highway frontage near Golden Moon Casino.
      00 Highway 16, Philadelphia, MS 39350
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      84,045 SF

      Prime Philadelphia Retail Space

      Former Fred's: 10,000-20,336 SF Available
      716 Pecan Ave, Philadelphia, MS 39350
      View Details
    • Contact for pricing

      Retail Space in Grocery-Anchored Center

      Endcap retail space available in Philadelphia, MS shopping center.
      716 Pecan Ave, Philadelphia, MS 39350
      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.
    Highway 16
    Philadelphia, MS 39350
    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
    Highway 16, Philadelphia, MS, 39350
    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!