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    103 Golden Pine Rd Prentiss, MS 39474
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    103 Golden Pine Rd Prentiss, MS 39474

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    • Race tracks
    For Sale
    $594,000
    View Listing →
    Turn-Key Raceway and Recreational Land For Sale
    $594,000
    5,000 SF

    Turn-Key Raceway and Recreational Land

    91-acre raceway with RV hookups, mobile home, and more.

    103 Golden Pine Road, Prentiss, MS 39474
    View Listing
    Property ID
    US50-1226149
    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

    • Race tracks

    Property Details for 103 Golden Pine Rd

    Property type
    Race tracks
    Property subtype
    Recreation land

    Description

    Have you been searching for a fun, turn-key business opportunity? If so, we need to ride to this 91+/- acre Jefferson Davis County, MS property! Set up and ready for new owners, this property is equipped with a 3 Bed/2 Bath, 1200 SF, furnished mobile home, over 40 RV hookups, functional restrooms with flushable toilets, and a 5,000 SF, 50x100 warehouse/workshop currently used as a concession stand and store with all concession stand equipment to remain. Two dirt race tracks are on the property, including the sizeable main track and a smaller practice track, which are excellent for warmups or smaller kids needing to practice. A bike washing station is also at the tracks, so you can take care of all the dirt before returning home. There are several trails and three ponds, making this property perfect for many recreational uses. The ideal location is only one hour from Hattiesburg, 75 minutes from Jackson, 2.5 hours from New Orleans, LA, and 4 hours from Memphis, TN. Call David to see Golden Pines Raceway today!

    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
    Prentiss
    County
    Jefferson Davis
    State
    Mississippi
    Longitude
    -89.887956
    Latitude
    31.672539

    Comparable in this City

    • Contact for pricing

      Turn-Key Race Track Business

      91-acre race track with RV hookups and concession stand.
      103 Golden Pine Rd, Prentiss, MS 39474
      View Details
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      One-acre property in Prentiss, MS, ideal for residential or commercial development.
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      1.00 Acre

      Prentiss Land Investment Opportunity

      One-acre property suitable for residential or commercial development in Prentiss.
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    Similar Nearby for Sale

    • Contact for pricing

      Turn-Key Race Track Business

      91-acre race track with RV hookups and concession stand.
      103 Golden Pine Rd, Prentiss, MS 39474
      View Details
    • Contact for pricing

      Prentiss, MS Investment Opportunity

      One-acre property in Prentiss, ideal for residential or commercial development.
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      Prentiss Land Investment Opportunity

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      35 Acres Vacant Land, Prentiss

      35 acres of vacant land with non-active poultry houses.
      Arena Rd, Prentiss, MS 39474
      View Details
    • Contact for pricing

      Downtown Prentiss Commercial Rebuild Opportunity

      Commercial property in downtown Prentiss, priced at $20,000.
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      Prentiss Land for Hunting, Farming

      119 acres suitable for hunting, farming, or building.
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      View Details
    View Listing
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    Prentiss, MS 39474
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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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