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

    2605 Long Leaf Dr Wiggins, MS 39573

    • Land
    For Sale
    View listing
    $48,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 2605 Long Leaf Dr

    Property type
    Land

    Description

    This exceptional 39573 land parcel, located at 2605 Long Leaf Dr in Perkinston, Mississippi, presents a unique investment opportunity. Priced competitively at $48,000, this property offers significant potential for various development projects. Situated in Wiggins County, the land boasts convenient access via Long Leaf Drive, providing easy connectivity to the surrounding area. The property's precise dimensions and zoning regulations are available upon request. Prospective buyers are encouraged to conduct their own due diligence to assess the suitability of the land for their intended use. Given its location and asking price, this property represents a compelling investment opportunity for those seeking land in a desirable Mississippi location. The property is classified as vacant land, providing a blank canvas for future development. Further details regarding soil conditions, utilities access, and potential environmental considerations are available upon request. Serious inquiries are welcome. This is a straightforward land sale, offering a clear and simple transaction process. The property is ready for immediate purchase.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wiggins
    County
    Forrest
    State
    Mississippi
    Longitude
    -89.0752
    Latitude
    30.7777

    Comparable in this City

    • Value Estimation by Request

      67 Poplar Dr

      Land
      67 Poplar Dr, Perkinston, MS 39573
      View Details
    • Value Estimation by Request

      73 Bluegill Pt

      Land
      73 Bluegill Pt, Perkinston, MS 39573
      View Details
    • Value Estimation by Request

      30 Quail Ridge Cir

      Land
      30 Quail Ridge Cir, Perkinston, MS 39573
      View Details
    • Value Estimation by Request

      56 And 57Quail Rdg

      Land
      56 And 57Quail Rdg, Wiggins, MS 39573
      View Details
    • Value Estimation by Request
      88.40 Acres

      Lots in White Cypress Mallard Pt

      Land • 88.40 Acres
      Lots in White Cypress Mallard Pt, Perkinston, MS 39573
      View Details
    • Value Estimation by Request

      9 Mallard Pt

      Land
      9 Mallard Pt, Wiggins, MS 39573
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Wiggins Land - 3+ Acres

      Mississippi acreage; excellent investment potential.
      13 Mallard Pt, Wiggins, MS 39573
      View Details
    • Contact for pricing

      Perkinston Land: 2 Acre Lot

      Prime 2-acre lot, great investment!
      47 Quail Ridge Cir, Perkinston, MS 39573
      View Details
    • Contact for pricing

      Prime Wiggins Land - 6 Acres

      Five lots, over six acres, great price!
      56 And 57Quail Rdg, Wiggins, MS 39573
      View Details
    • Contact for pricing

      Prime Wiggins Land - 3 Acres

      Mississippi acreage, great investment potential.
      30 Mallard Pt, Wiggins, MS 39573
      View Details
    • New
      $98,000
      18.80 Acres

      Mint Julep Air Park Acreage

      18.79 acres in Mint Julep Air Park, Perkinston, MS.
      Nhn Mint Julep Airpark, Perkinston, MS 39573
      View Details
    • Contact for pricing

      Perkinston Land: Build Your Dream Home

      2.17 Acres in White Cypress Lakes
      0 Nhn Crk Cv, Perkinston, MS 39573
      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.
    2605 Long Leaf Dr
    Wiggins, MS 39573
    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.