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    102 Myrtle St Magnolia, MS 39652
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    Property profile & analytics

    102 Myrtle St, Magnolia, MS 39652

    View on Map
    • Commercial real estate
    • 2,949 SF
    • 0.56 lot acres
    Off-Market
    Property ID
    US50-1192566
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 102 Myrtle St

    Lot size
    0.56 lot acres
    Property type
    Commercial real estate

    Description

    Embrace a piece of Magnolia history with this beautifully preserved circa 1902 Victorian home, boasting 2,949 square feet on a half-acre corner lot. This 3-bedroom, 3-bathroom residence, registered with the Historical Society, features a sunroom, formal living and dining areas, and a completely renovated kitchen blending modern amenities with period elegance. A separate 1-bedroom apartment/guest house with its own driveway offers versatile rental income potential. Additional structures include an RV shed and an exterior building currently used as a gym, connected to the back patio. Located directly across from a church, this property's ideal location and unique features make it perfectly suited for a bed and breakfast or similar venture. The asking price is $268,500. This exceptional property presents a rare opportunity to own a piece of Magnolia's rich history and architectural charm. The property is located at 102 W Myrtle St, Magnolia, MS 39652.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Magnolia
    County
    Pike
    State
    Mississippi
    Longitude
    -90.4604908
    Latitude
    31.1473244

    Comparable in this City

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      36 Acres Hunting/Home Site Land

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      Magnolia Commercial Lot For Sale

      Prime commercial lot in downtown Magnolia, ready for development.
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      Magnolia, MS Land Investment

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    • $880,000
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      Timberland and Recreation Tract

      Recreational timberland with internal roads, managed pine, and an existing campsite with utilities and RV hookups.
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    • Contact for pricing

      Turnkey Hunting Property in Mississippi

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    Similar Nearby for Sale

    • $315,000
      21.00 Acres

      Magnolia, MS Commercial Land

      21-acre commercial property with high visibility and convenient access.
      Mississippi 48, Magnolia, MS 39652
      View Details
    • $125,000
      Pending

      36 Acres Hunting/Home Site Land

      36 acre tract near Magnolia, MS, ideal for hunting/home.
      1191 Emma Kelly Rd, Magnolia, MS 39652
      View Details
    • Contact for pricing

      Magnolia Land with Mobile Home

      18.19 acre Magnolia, Mississippi property with mobile home.
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    • $141,400

      Undeveloped Land in Magnolia, MS

      Undeveloped land available near Magnolia, Mississippi.
      000 Emerald State Line Rd, Magnolia, MS 39652
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      Turnkey Hunting Property in Mississippi

      99-acre hunting land with food plots and campsite in Mississippi.
      6198 Old Mill Rd, Osyka, MS 39652
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    • $85,000
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      Magnolia Land For Sale

      Land available in Magnolia, Mississippi.
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    Similar Nearby for Lease

    • $550 /Mo
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      Magnolia Commercial Lot For Rent

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      Historic Building in Downtown Magnolia

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      3,750 SF

      Historic Magnolia Building For Rent

      3,750 sq ft historic building in downtown Magnolia.
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    102 Myrtle St
    Magnolia, MS 39652
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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.

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