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    Property profile & analytics

    1008 2nd St Inverness, MS 38753

    • Turn key restaurants
    • 1,080 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US50-1525806
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 1008 2nd St

    Year built
    1971
    Lot size
    0.05 lot acres
    Property size
    1,080 SF
    Property type
    Turn key restaurants
    APN
    092A-03-00-152.00
    APU
    092A030015200

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Inverness
    County
    Sunflower
    State
    Mississippi
    Longitude
    -90.594
    Latitude
    33.3526
    CBSA code
    26940
    CBSA name
    INDIANOLA, MS MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $297
    $210
    $2,243
    $2,453
    -
    $1,400
    $14,951
    $16,351

    Comparable in this City

    • Value Estimation by Request
      4,523 SF

      704 Grand Ave

      RESTAURANT • 4,523 SF
      704 Grand Ave, Inverness, MS 38753
      View Details
    • Value Estimation by Request
      3,488 SF

      Hwy 49th Old

      SERVICE STATION WITH FOOD MART • 3,488 SF
      Hwy 49th Old, Inverness, MS 38753
      View Details
    • Value Estimation by Request
      2,412 SF

      701 Hwy 49

      SERVICE STATION WITH FOOD MART • 2,412 SF
      701 Hwy 49, Inverness, MS 38753
      View Details
    • Value Estimation by Request
      1,008 SF

      Hwy 49th Old

      DRY CLEANER • 1,008 SF
      Hwy 49th Old, Inverness, MS 38753
      View Details
    • Value Estimation
      $480,000
      4,328 SF

      Inverness, MS 38753

      FINANCIAL BUILDING • 4,328 SF
      Inverness, MS 38753
      View Details
    • Value Estimation by Request
      2,999 SF

      806 2nd St

      AUTO REPAIR, GARAGE • 2,999 SF
      806 2nd St, Inverness, MS 38753
      View Details
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    1008 2nd St
    Inverness, MS 38753
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    Realmo Value Estimation

    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.

    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.

    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
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