Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    49 Lot 5.3 Ac Old Hwy Wiggins, MS 39577
    Back to Search
    Property profile & analytics

    49 Lot 5.3 Ac Old Hwy Wiggins, MS 39577

    View on Map
    • Commercial real estate
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 49 Lot 5.3 Ac Old Hwy

    Property type
    Commercial real estate

    Description

    This exceptional 5.3-acre commercial property presents a rare opportunity in Wiggins, Mississippi. Strategically located just north of Highway 26 and the Pearl River Valley EPA, this site boasts an impressive 513 feet of road frontage directly on Highway 49, a major thoroughfare with a daily traffic count of 16,000 vehicles. This high visibility ensures maximum exposure for any business seeking a prominent location. The property's expansive size offers ample space for development, accommodating a wide range of commercial ventures. Its prime location offers easy access to a substantial customer base and excellent connectivity to surrounding areas. The asking price reflects a compelling investment opportunity for businesses seeking high-impact visibility and significant growth potential. This is an ideal location for businesses requiring substantial space and high traffic exposure to maximize their reach and brand recognition. The property's size and location make it suitable for a variety of commercial uses, from retail establishments to light industrial operations. Don't miss this chance to secure a highly visible and strategically positioned commercial property in a growing market. 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
    Wiggins
    County
    Stone
    State
    Mississippi
    Longitude
    -89.1685
    Latitude
    30.9101

    Comparable in this City

    • Value Estimation by Request
      4,250 SF

      2707 Highway 49

      Commercial real estate • 4,250 SF
      2707 Highway 49, Wiggins, MS 39577
      View Details
    • Value Estimation by Request
      8.00 Acres

      00 Wiggins

      Land • 8.00 Acres
      00 Wiggins, Wiggins, MS 39577
      View Details
    • Value Estimation by Request
      378,972 SF

      Magnolia Dr

      Commercial real estate • 378,972 SF
      Magnolia Dr, Wiggins, MS 39577
      View Details
    • Value Estimation by Request
      4.47 Acres

      Frontage Rd

      Commercial real estate • 4.47 Acres
      Frontage Rd, Wiggins, MS 39577
      View Details
    • Value Estimation by Request
      10.00 Acres

      Deep Creek Rd

      Land • 10.00 Acres
      0 Deep Creek Rd, Wiggins, MS 39577
      View Details
    • Value Estimation by Request
      6.70 Acres

      Warden Hill Ln

      Land • 6.70 Acres
      0 Warden Hill Ln, Wiggins, MS 39577
      View Details

    Similar Nearby for Sale

    • $1,300,000
      12,374 SF

      Wiggins Motel & Suites Investment

      High-Income Potential, 25+ Units
      404 Frontage Dr, Wiggins, MS 39577
      View Details
    • $265,000
      4.47 Acres

      High-Traffic Wiggins Commercial Land

      Prime 4.47-acre commercial lot near major highways.
      Frontage Rd, Wiggins, MS 39577
      View Details
    • $172,500
      2,560 SF

      Wiggins Commercial Property - High Traffic!

      Downtown Wiggins, MS - Income Producing!
      332 Magnolia Dr, Wiggins, MS 39577
      View Details
    • $399,900
      8,405 SF

      Highway 49 Retail Opportunity

      High-traffic Wiggins retail space, 8,405 sq ft.
      2205 U Hwy, Wiggins, MS 39577
      View Details
    • $1,468,350
      753.00 Acres

      753 Acres Vacant Land, Wiggins

      753 acres of vacant land available in Wiggins, Mississippi.
      Benndale Rd, Wiggins, MS 39577
      View Details
    • Contact for pricing
      378,972 SF

      Prime Commercial Land For Sale

      8.7 acres of commercial property with high-traffic road frontage.
      S Magnolia Dr, Wiggins, MS 39577
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,889 SF

      Retail Space in Village Square

      Retail space available in a grocery-anchored shopping center.
      530 W Central Ave, Wiggins, MS 39577
      View Details
    • Contact for pricing

      Commercial Land for Rent

      Land available for rent in Village Square.
      502 W Central Ave, Wiggins, MS 39577
      View Details
    • Contact for pricing

      Retail Space Near Highway 49

      Retail space with frontage near Wal-Mart and Highway 49.
      1085 Frontage Rd East, Wiggins, MS 39577
      View Details
    • $3,800 /Mo
      5,500 SF

      Wiggins, MS Commercial Space

      Warehouse, retail, or office space available for rent.
      704 W Frontage Dr, Wiggins, MS 39577
      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.
    49 Lot 5.3 Ac Old Hwy
    Wiggins, MS 39577
    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
    49 Lot 5.3 Ac Old Hwy, Wiggins, MS, 39577
    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!