Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    316-322 Kirkland Ave Quitman, MS 39355

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    316-322 Kirkland Ave Quitman, MS 39355

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

    Current Use by Public Records

    • Specialty properties

    Property Details for 316-322 Kirkland Ave

    Property type
    Specialty properties

    Description

    This exceptional investment opportunity presents a multi-family property located at 316-322 Kirkland Avenue, Quitman, Mississippi, 39355. The property, listed at $211,354, is classified as Special Purpose and offers significant potential for strong returns. Situated in Clarke County, this property enjoys a convenient location with coordinates 32.0359842 latitude and -88.7234915 longitude. The address is clearly identified as 316-322 Kirkland Avenue, within the city of Quitman. This multi-family investment is an excellent addition to any portfolio seeking consistent cash flow. Further due diligence is recommended to fully assess the property's income potential and operational aspects. The asking price reflects a compelling entry point into the Mississippi real estate market. Interested parties are encouraged to conduct thorough inspections and financial analysis to confirm the property's suitability for their investment strategy. This is a unique opportunity to acquire a well-positioned multi-family property in a growing area. All information provided is believed to be accurate but should be independently verified.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Quitman
    County
    Clarke
    State
    Mississippi
    Longitude
    -88.7235
    Latitude
    32.036

    Comparable in this City

    • Value Estimation by Request

      216 Church St

      Specialty properties
      216 Church St, Quitman, MS 39355
      View Details
    • Value Estimation by Request
      2,013 SF

      25 Jackson Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2,013 SF
      25 Jackson Ave, Quitman, MS 39355
      View Details
    • Value Estimation by Request
      1,651 SF

      913 Stonewall Rd

      FUNERAL HOME • 1,651 SF
      913 Stonewall Rd, Quitman, MS 39355
      View Details
    • Value Estimation by Request
      9,680 SF

      1849 Hwy 18th W

      PROFESSIONAL CLUBS/ASSOCIATIONS • 9,680 SF
      1849 Hwy 18th W, Quitman, MS 39355
      View Details
    • Value Estimation by Request

      220 Church St

      Specialty properties
      220 Church St, Quitman, MS 39355
      View Details
    • Value Estimation by Request
      6,714 SF

      117 Church St

      FUNERAL HOME • 6,714 SF
      117 Church St, Quitman, MS 39355
      View Details

    Similar Nearby for Sale

    • $84,000
      40.00 Acres

      Clarke County Pine Acreage

      40 acres of planted pine in Clarke County, Mississippi.
      Tba Hwy 511, Quitman, MS 39355
      View Details
    • $193,354
      78.92 Acres

      Clarke County Land For Sale

      78.92 acre Clarke County, MS tract for recreation, investment.
      000 County Road 421, Quitman, MS 39355
      View Details
    • $125,780
      33.10 Acres

      Secluded Land in Clarke County

      33.1 acres of recreational and investment land in Mississippi.
      000 County Road 415, Quitman, MS 39355
      View Details
    • $271,292
      96.89 Acres

      Clarke County Land For Sale

      96.89 acre tract perfect for recreation and homesite.
      000 County Road 142, Quitman, MS 39355
      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.
    316-322 Kirkland Ave
    Quitman, MS 39355
    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

    316-322 Kirkland Ave, Quitman, MS, 39355

    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!