Sign Up Successful!
You now have access to more from Realmo!
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

    6 Eva Dr Ellisville, MS 39437

    • Land
    • 1.54 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 6 Eva Dr

    Lot size
    1.54 lot acres
    Property type
    Land

    Description

    This exceptional 1.54-acre commercial lot is situated in a desirable location in Ellisville, Mississippi, at 6 Eva Drive, zip code 39437. Part of Phase III of an exclusive subdivision south of Ellisville, off Highway 11, this property offers unparalleled convenience for businesses needing access to both Laurel and Hattiesburg. Its strategic location provides proximity to key infrastructure and amenities, including a mere four miles from Jones County Junior College (JCJC) and two miles from Howard Industries. The lot boasts paved roads, a beautifully landscaped entrance, and is part of a community with a Homeowners Association (HOA) and established covenants. Modern conveniences are readily available, including high-speed Cspire fiber optic internet and television service. The asking price for this exceptional opportunity is $30,800. Owner financing is available, making this an attractive investment for a wide range of commercial ventures. This property presents a unique chance to establish a business in a thriving area with excellent access to transportation, education, and industry. The lot's size and location make it ideal for a variety of commercial uses, offering significant potential for growth and return on investment. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ellisville
    County
    Jones
    State
    Mississippi
    Longitude
    -89.2535
    Latitude
    31.5548

    Comparable in this City

    • Value Estimation by Request
      2.19 Acres

      113 Joan Dr

      Land • 2.19 Acres
      113 Joan Dr, Ellisville, MS 39437
      View Details
    • Value Estimation by Request
      20.00 Acres

      Clay St

      Land • 20.00 Acres
      0 Clay St, Ellisville, MS 39437
      View Details
    • Value Estimation by Request
      1.39 Acres

      3 Highland Vlg

      Land • 1.39 Acres
      3 Highland Vlg, Ellisville, MS 39437
      View Details
    • Value Estimation by Request
      1.43 Acres

      95 Joan Dr

      Land • 1.43 Acres
      95 Joan Dr, Ellisville, MS 39437
      View Details
    • Value Estimation by Request
      2.06 Acres

      Ellen Dr

      Land • 2.06 Acres
      0 Ellen Dr, Ellisville, MS 39437
      View Details
    • Value Estimation by Request
      0.24 Acres

      32 Highland Vlg

      Land • 0.24 Acres
      32 Highland Vlg, Ellisville, MS 39437
      View Details

    Similar Nearby for Sale

    • $300,000

      Highway 11 Land Opportunity

      Land available on Highway 11 N, Ellisville, MS.
      00 Highway 11 N, Ellisville, MS 39437
      View Details
    • $649,700
      145.81 Acres

      Ellisville Land with Highway Frontage

      145+ acres near Ellisville, MS, suitable for residential or commercial.
      Tract A, Ellisville, MS 39437
      View Details
    • $180,000

      Land For Sale

      Land available for sale in Ellisville, Mississippi.
      00 Palmer Rd, Ellisville, MS 39437
      View Details
    • $59,500

      Wooded Lot in Family Neighborhood

      Large wooded lot with underground utilities in Ellisville, MS.
      1 Parkview Est, Ellisville, MS 39437
      View Details
    • $180,000

      Commercial Land in Opportunity Zone

      15 acres of land with high visibility, great tax benefits.
      00 Palmer Rd, Ellisville, MS 39437
      View Details
    • $89,000
      3.17 Acres

      Ellisville Land in Gated Subdivision

      3.17 acre lot in new gated Ellisville subdivision.
      10 Parker Ln, Ellisville, MS 39437
      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.
    6 Eva Dr
    Ellisville, MS 39437
    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.