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    1111 Highway 48 Tylertown, MS 39667

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    1111 Highway 48 Tylertown, MS 39667

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    • Commercial real estate
    • 3,000 SF
    • 18.05 lot acres
    Off-Market
    Property ID
    US50-1949963
    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 1111 Highway 48

    Year built
    1963
    Lot size
    18.05 lot acres
    Property size
    3,000 SF
    Property type
    Commercial real estate
    APN
    100-02-000-08.00

    Description

    This exceptional retail property, located at 1111 Hwy 48 East in Tylertown, Mississippi, presents a unique investment opportunity. The 3,000 square foot retail building, constructed in 1963, sits on a sprawling 18.05-acre lot (APN: 100-02-000-08.00) and is offered at an asking price of $299,000. The property's expansive acreage includes 13 acres of pasture, ideal for various uses. Significant improvements include multiple large shop buildings totaling over 10,000 square feet under roof, each featuring concrete foundations. A 40-foot storage container is also included. Additional amenities on the property include an in-ground pool with a heater, a fishing pond, and an in-ground storm shelter. The property is being sold "as is". A cell tower lease is currently in place, and the land associated with the lease is included in the sale. This property offers significant potential for a variety of commercial ventures, given its size, location, and existing infrastructure. The property's zoning and permitted uses should be independently verified.

    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
    Tylertown
    County
    Walthall
    State
    Mississippi
    Longitude
    -89.9655509
    Latitude
    31.0756607

    Comparable in this City

    • $295,000

      Established Pizza Inn Restaurant

      Turnkey Pizza Inn restaurant for sale in Tylertown, Mississippi.
      1503 Beulah Ave, Tylertown, MS 39667
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    • $594,900
      5,001 SF

      Turnkey Business Opportunity in Tylertown

      Home with business, inventory, and income-generating sign included.
      153 Highway 98, Tylertown, MS 39667
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    • $259,000
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      Highway 98 Retail Opportunity

      5.56 acre retail property with income potential on Highway 98.
      608 E 98 Hwy, Tylertown, MS 39667
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    • $150,000
      Pending

      Tylertown Commercial Property with Retail

      Two-story commercial building with retail and event space potential.
      807 Beulah Ave, Tylertown, MS 39667
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    • $399,000
      1,500 SF

      Tylertown Commercial Property on 1.34 Acres

      Commercial building with drive-through bays and fenced equipment yard.
      1724 Beulah Ave, Tylertown, MS 39667
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    • $150,000
      3,606 SF

      Unique Commercial Building in Tylertown

      Well-kept commercial building with expansion potential in Tylertown, Mississippi.
      110 Beulah Ave, Tylertown, MS 39667
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    Similar Nearby for Sale

    • $295,000

      Established Pizza Inn Restaurant

      Turnkey Pizza Inn restaurant for sale in Tylertown, Mississippi.
      1503 Beulah Ave, Tylertown, MS 39667
      View Details
    • $594,900
      5,001 SF

      Turnkey Business Opportunity in Tylertown

      Home with business, inventory, and income-generating sign included.
      153 Highway 98, Tylertown, MS 39667
      View Details
    • $259,000
      5.56 Acres

      Highway 98 Retail Opportunity

      5.56 acre retail property with income potential on Highway 98.
      608 E 98 Hwy, Tylertown, MS 39667
      View Details
    • $150,000
      Pending

      Tylertown Commercial Property with Retail

      Two-story commercial building with retail and event space potential.
      807 Beulah Ave, Tylertown, MS 39667
      View Details
    • $399,000
      1,500 SF

      Tylertown Commercial Property on 1.34 Acres

      Commercial building with drive-through bays and fenced equipment yard.
      1724 Beulah Ave, Tylertown, MS 39667
      View Details
    • $150,000
      3,606 SF

      Unique Commercial Building in Tylertown

      Well-kept commercial building with expansion potential in Tylertown, Mississippi.
      110 Beulah Ave, Tylertown, MS 39667
      View Details
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    1111 Highway 48
    Tylertown, MS 39667
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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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