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    Property profile & analytics

    101 Will Thompson Rd Picayune, MS 39466

    • Commercial real estate
    • 7.20 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0958748
    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

    • Commercial real estate

    Property Details for 101 Will Thompson Rd

    Lot size
    7.20 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 7.2-acre property, located at 101 Will Thompson Rd, Picayune, Mississippi, 39466, presents a unique opportunity for residential development. Situated within the PRC School District, this land offers convenience and access to quality education. The property comprises two parcels sold together, and will not be divided. A significant advantage is the presence of an existing electric pole, simplifying utility connections. Community water is also readily available, further enhancing the buildability of the site. Part of the land is already cleared, providing a convenient homesite or location for a mobile home. The property boasts the potential for two separate entrances, offering flexibility in design and access. Priced competitively at $90,000, this 7.2-acre parcel represents an excellent investment for those seeking a spacious and well-located building site in Picayune, Mississippi. The convenient location and existing infrastructure make this a truly attractive opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Picayune
    County
    Picayune
    State
    Mississippi
    Longitude
    -89.683413
    Latitude
    30.587978

    Comparable in this City

    • $130,000
      10.00 Acres

      10-Acre Wooded Lot in MS

      Prime MS Land: 10 Acres, Wooded, Scenic
      0 Nhn Bent Crk, Picayune, MS 39466
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    • $179,000

      Picayune Land: Prime Business Opportunity

      Mississippi land; $179,000; high potential.
      18 Liberty Rd, Picayune, MS 39466
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    • $55,000

      Prime Picayune Commercial Lot

      Downtown Picayune land, ideal for business.
      510 Canal St -, Picayune, MS 39466
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    • Contact for pricing
      0.17 Acres

      Prime Picayune Land Parcel

      0.17-acre lot, excellent investment.
      52 Oak Point Rd, Picayune, MS 39466
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    • $425,000

      High-Traffic Corner Commercial Land

      Picayune, MS: 35,000 SF prime commercial lot.
      801 Highway 11, Picayune, MS 39466
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    • $74,800
      3.95 Acres

      Prime Picayune Land - 3.95 Acres

      Mississippi land, ideal for development. $74,800.
      Picayune, MS 39466
      View Details

    Similar Nearby for Sale

    • $130,000
      10.00 Acres

      10-Acre Wooded Lot in MS

      Prime MS Land: 10 Acres, Wooded, Scenic
      0 Nhn Bent Crk, Picayune, MS 39466
      View Details
    • $179,000

      Picayune Land: Prime Business Opportunity

      Mississippi land; $179,000; high potential.
      18 Liberty Rd, Picayune, MS 39466
      View Details
    • $55,000

      Prime Picayune Commercial Lot

      Downtown Picayune land, ideal for business.
      510 Canal St -, Picayune, MS 39466
      View Details
    • Contact for pricing
      0.17 Acres

      Prime Picayune Land Parcel

      0.17-acre lot, excellent investment.
      52 Oak Point Rd, Picayune, MS 39466
      View Details
    • $425,000

      High-Traffic Corner Commercial Land

      Picayune, MS: 35,000 SF prime commercial lot.
      801 Highway 11, Picayune, MS 39466
      View Details
    • $74,800
      3.95 Acres

      Prime Picayune Land - 3.95 Acres

      Mississippi land, ideal for development. $74,800.
      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
    • $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
    • $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
    • $15 SF/Yr
      110,000 SF

      Picayune Place Shopping Center

      Retail spaces available; prime location.
      781 Hwy, Picayune, MS 39466
      View Details
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    101 Will Thompson Rd
    Picayune, MS 39466
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    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
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