Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Concourse Dr Pearl, MS 39208
    Property profile & analytics

    Concourse Dr, Pearl, MS 39208

    View on Map
    • Land
    • 1.98 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Concourse Dr

    Lot size
    1.98 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 1.98-acre commercial/industrial land parcel is ideally situated on Concourse Drive in Pearl, Mississippi, within the Concourse Drive Airpark. Conveniently located off Highway 80, this cleared lot offers unparalleled access to major transportation arteries, including I-20, I-55, Highway 475, Highway 49, Highway 25, and Highway 18. The property's WHD (Warehouse District) zoning makes it perfect for a variety of industrial or office uses, capitalizing on the area's robust growth and development. The Concourse Drive Airpark has seen significant recent expansion, making this a highly desirable location for businesses seeking efficient logistics and a strategic presence. The asking price for this ready-to-develop lot is $185,500. This represents a unique opportunity to establish a thriving business in a rapidly growing area with excellent infrastructure and connectivity. The lot's size and zoning provide ample flexibility for various development plans, catering to a wide range of commercial and industrial needs. Don't miss this chance to secure a prime piece of real estate in Pearl, MS.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pearl
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.0642
    Latitude
    32.2773

    Comparable in this City

    • Value Estimation by Request
      5.00 Acres

      Pearl MS USA Old Whitfield Rd

      Land
      Pearl MS USA Old Whitfield Rd, Pearl, MS 39208
      View Details
    • Value Estimation by Request
      1.66 Acres

      5114 Us-80

      Land
      5114 Us-80, Pearl, MS 39208
      View Details
    • Value Estimation by Request
      38.00 Acres

      871 Bierdeman Rd

      Land
      871 Bierdeman Rd, Pearl, MS 39208
      View Details
    • Value Estimation by Request
      16.57 Acres

      Childre Rd

      Land
      0 Childre Rd, Pearl, MS 39208
      View Details
    • Value Estimation by Request
      10.92 Acres

      10.92 acres Old Brandon Rd

      Land
      10.92 acres Old Brandon Rd, Pearl, MS 39208
      View Details
    • Value Estimation by Request
      4.58 Acres

      594 Pearson Rd

      Land
      594 Pearson Rd, Pearl, MS 39208
      View Details

    Similar Nearby for Sale

    • $195,000
      2.80 Acres

      Prime Pearl Multifamily Land

      2.8-acre C-1 zoned multifamily property. High traffic area.
      2655 Old Brandon Rd, Pearl, MS 39208
      View Details
    • Contact for pricing

      Land Available in Pearl, MS

      Land for sale at 3064 Highway 80 E, Pearl, MS.
      3064 Highway 80 E, Pearl, MS 39208
      View Details
    • Contact for pricing

      Land For Sale in Pearl

      Land available for sale in Pearl, Mississippi.
      594 S Pearson Rd, Pearl, MS 39208
      View Details
    • Contact for pricing

      Pearl, MS Land Parcel

      10.92 acre land parcel on Old Brandon Road.
      10.92 acres Old Brandon Rd, Pearl, MS 39208
      View Details
    • $1,275,000
      16,600 SF

      Functional Industrial Asset in Pearl

      16,600 SF industrial property on 9.3 acres in Pearl, MS.
      720 M & O Dr, Pearl, MS 39208
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Warehouse/Industrial Building Near Airport

      Warehouse and industrial spaces with easy highway access for lease.
      5000 Us-80, Pearl, MS 39208
      View Details
    • $5 SF/Yr
      175,000 SF

      Rankin County Industrial Space

      175,000 SF Warehouse, Refrigerated Space Available
      1125 Weems St, Pearl, MS 39208
      View Details
    • Contact for pricing
      50,233 SF

      Pearl Warehouse Space Sublease

      50,233 SF warehouse space available for sublease in Pearl.
      550 Gulf Line Rd, Pearl, MS 39208
      View Details
    • Contact for pricing

      Rankin County Industrial Space Available

      Industrial space for lease or purchase in Rankin County, MS.
      1125 Weems St, Pearl, MS 39208
      View Details
    • Contact for pricing

      Industrial Flex Space For Lease

      Industrial flex space in Pearl, MS with dock-high doors.
      110 Metroplex Blvd, Pearl, MS 39208
      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.
    Concourse Dr
    Pearl, MS 39208
    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
    Concourse Dr, Pearl, MS, 39208
    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!