Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    00 Nellie Burks Rd Picayune, MS 39466

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

    Current Use by Public Records

    • Land

    Property Details for 00 Nellie Burks Rd

    Property type
    Land

    Description

    This exceptional 26.83-acre property in Carriere, Mississippi, presents a unique opportunity for building a custom home. Located at 00 Nellie Burks Rd, zip code 39466, this land boasts a desirable hilltop homesite offering breathtaking views. The property's picturesque setting includes three stocked ponds, providing a tranquil and serene environment. The asking price for this remarkable parcel is $208,000. The land is classified as vacant and is ready for immediate development. Its convenient location in Carriere, MS, offers a blend of peaceful country living with easy access to nearby amenities and services. The property's size and features make it ideal for those seeking a private retreat or a place to build their dream home. With its stunning views and serene setting, this property is a rare find. The latitude and longitude coordinates are 30.5044923 and -89.6816208 respectively. Serious inquiries are encouraged to explore this exceptional opportunity. The property is zoned for residential use. All utilities are available at the road.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Picayune
    County
    Pearl River
    State
    Mississippi
    Longitude
    -89.6816
    Latitude
    30.5045

    Comparable in this City

    • Value Estimation by Request
      3.00 Acres

      2416 Ms-43

      Land • 3.00 Acres
      2416 Ms-43, Picayune, MS 39466
      View Details
    • Value Estimation by Request
      1.05 Acres

      Picayune, MS 39466

      Land • 1.05 Acres
      Picayune, MS 39466
      View Details
    • Value Estimation by Request
      5.10 Acres

      Picayune, MS 39466

      Land • 5.10 Acres
      Picayune, MS 39466
      View Details
    • Value Estimation by Request
      5.00 Acres

      Picayune, MS 39466

      Land • 5.00 Acres
      Picayune, MS 39466
      View Details
    • Value Estimation by Request

      Nhn Hueschen Rd

      Land
      0 Nhn Hueschen Rd, Picayune, MS 39466
      View Details
    • Value Estimation by Request

      33 Magenta Ln

      Land
      33 Magenta Ln, Picayune, MS 39466
      View Details

    Similar Nearby for Sale

    • $184,000

      Prime Picayune Land Parcel

      Build Your Dream Home in MS
      54 Bent Crk, Picayune, MS 39466
      View Details
    • $184,000

      Prime Picayune Land - Build Your Dream Home

      Mississippi land, $184,000, buildable lot.
      40 Bent Crk, Picayune, MS 39466
      View Details
    • Contact for pricing
      0.27 Acres

      Build-Ready Lot in Picayune, MS

      Quiet, cleared 0.27-acre lot in Red Hill Estates.
      21 Nhn Crimson Ln, Picayune, MS 39466
      View Details
    • $106,000

      Prime Picayune Land - MS

      Affordable Mississippi building lot.
      46 Bent Crk, Picayune, MS 39466
      View Details
    • Contact for pricing
      1.05 Acres

      Prime Picayune Land - 1.05 Acres

      Build Your Dream in Mississippi!
      Picayune, MS 39466
      View Details
    • $138,000

      Picayune Land: Prime Building Lot

      Mississippi land, $138,000, build your dream home.
      50 Bent Crk, Picayune, MS 39466
      View Details

    Similar Nearby for Lease

    • $2.00 SF/Yr
      60,000 SF

      Prime Picayune Commercial Land

      Highly visible parcels, build-to-suit options.
      801 Highway 11, Picayune, MS 39466
      View Details
    • $5 SF/Yr
      99,080 SF

      Pine Tree Plaza: Retail Opportunity

      Prime Picayune Retail Center, Multiple Spaces Available
      790 Memorial Blvd, Picayune, MS 39466
      View Details
    • $11 SF/Yr
      2,700 SF

      Picayune Retail Space For Lease

      Prime Retail/Office Space Available in MS
      421 Memorial Blvd, Picayune, MS 39466
      View Details
    • $14 SF/Yr
      5,076 SF

      Picayune Retail Space Available

      High-traffic retail/office suites in prime location.
      801 Highway 11, Picayune, MS 39466
      View Details
    • $15 SF/Yr
      110,000 SF

      Picayune Place Shopping Center

      Retail spaces available; prime location.
      781 Hwy, Picayune, MS 39466
      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.
    00 Nellie Burks Rd
    Picayune, MS 39466
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.