Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    620 George Wise Rd Carriere, MS 39426
    Back to Search
    Property profile & analytics

    620 George Wise Rd Carriere, MS 39426

    View on Map
    • Land
    Off-Market
    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 1-acre wooded lot presents a unique opportunity to build your dream home in the serene countryside near Carriere, Mississippi. Located on Tract 5 of 620 George Wise Road, this property offers convenient access to Highway 43, ensuring a smooth commute while maintaining a peaceful, secluded atmosphere. The lot is part of a larger parcel undergoing subdivision, with each lot providing direct access to the county road. Enjoy the tranquility of quiet country living, just a short drive from the amenities of the Carriere/Picayune area. The asking price for this idyllic homesite is $20,000. Please note that mobile homes are not permitted on this property. This is a prime location for those seeking a peaceful escape while still maintaining easy access to essential services and transportation routes. The property's address is 620 George Wise Rd, Tract 5, Carriere, MS 39426. The GPS coordinates are 30.6589717 latitude and -89.7545112 longitude. Don't miss this chance to own a piece of Mississippi's beautiful countryside.

    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
      5.66 Acres

      00 Burgetown Rd

      Land • 5.66 Acres
      00 Burgetown Rd, Carriere, MS 39426
      View Details
    • Value Estimation by Request
      4.20 Acres

      1452b Caesar Rd

      Land • 4.20 Acres
      1452b Caesar Rd, Carriere, MS 39426
      View Details
    • Value Estimation by Request

      00 China Berry Cir

      Land
      00 China Berry Cir, Carriere, MS 39426
      View Details
    • Value Estimation by Request
      0.33 Acres

      Lakeshore Dr

      Land • 0.33 Acres
      0 Lakeshore Dr, Carriere, MS 39426
      View Details
    • Value Estimation by Request
      0.34 Acres

      105 Summit Dr

      Land • 0.34 Acres
      105 Summit Dr, Carriere, MS 39426
      View Details
    • Value Estimation by Request

      I-59 And Anchor Lk Rd

      Land
      I-59 And Anchor Lk Rd, Carriere, MS 39426
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.33 Acres

      Vacant Wooded Lot in Carriere

      Wooded 0.33 acre lot in Hideaway Lake, Carriere, MS.
      Rollingwood Dr, Carriere, MS 39426
      View Details
    • Contact for pricing

      Land Parcel For Sale

      Land parcel with utilities available, including high-speed internet.
      Hobolo Crk Rd, Carriere, MS 39426
      View Details
    • Contact for pricing

      Land For Sale

      Land available for purchase.
      George Mitchell Rd, Carriere, MS 39426
      View Details
    • Contact for pricing

      Land For Sale

      Land available on Anchor Lake Road, Carriere, MS.
      10 Anchor Lake Rd, Carriere, MS 39426
      View Details
    • $134,000

      Land Available in Carriere, MS

      Land for sale in Pearl River County, Mississippi.
      72 Bent Crk, Carriere, MS 39426
      View Details
    • Contact for pricing

      Land for Sale

      Land available on Spring Oak Drive, Carriere, MS.
      79 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.
    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

    Thank You for Inquiry
    620 George Wise 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!