Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1122 Evelyn Gandy Pkwy Petal, MS 39465-3947
    Back to Search
    Property profile & analytics

    1122 Evelyn Gandy Pkwy, Petal, MS 39465-3947

    View on Map
    • Turn key restaurants
    • 3,949 SF
    • 1.04 lot acres
    Off-Market
    Property ID
    US50-1884057
    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

    • Turn key restaurants

    Property Details for 1122 Evelyn Gandy Pkwy

    Year built
    2017
    Lot size
    1.04 lot acres
    Property type
    Turn key restaurants
    APN
    3-021M-31-013.08
    APU
    3021M3101308

    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
    Petal
    County
    Forrest
    State
    Mississippi
    Longitude
    -89.2393
    Latitude
    31.3505
    CBSA code
    25620
    CBSA name
    HATTIESBURG, MS METROPOLITAN 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
    $18,387
    $0.00
    $0.00
    $730,200
    -
    $225,570
    $504,630
    $730,200

    Comparable in this City

    • Value Estimation by Request
      1,348 SF

      Main St

      RESTAURANT
      Main St, Petal, MS 39465
      View Details
    • Value Estimation by Request
      4,294 SF

      Hwy 42

      RESTAURANT
      Hwy 42, Petal, MS 39465
      View Details
    • Value Estimation by Request
      2,304 SF

      Cental Ave

      RESTAURANT
      Cental Ave, Petal, MS 39465
      View Details
    • Value Estimation by Request
      4,272 SF

      1161 Hwy 11

      RESTAURANT
      1161 Hwy 11, Petal, MS 39465-9325
      View Details
    • Value Estimation by Request
      6,098 SF

      6 Pkwy Ln

      RESTAURANT
      6 Pkwy Ln, Petal, MS 39465-3035
      View Details
    • Value Estimation by Request
      3,157 SF

      Petal, MS 39465

      RESTAURANT
      Petal, MS 39465
      View Details

    Similar Nearby for Sale

    • $329,000
      Pending

      Versatile Commercial Property in Petal

      2,300 sq ft commercial property on high-traffic corridor in Petal.
      1301 Carterville Rd, Petal, MS 39465
      View Details
    • $49,500
      220 SF

      Versatile Commercial Property in Petal

      Small business property with flexible space in Petal, Mississippi.
      1886 Old Richton Rd, Petal, MS 39465
      View Details
    • Contact for pricing
      2,400 SF

      Established Muffler Shop on Sale

      Operating muffler shop with equipment and real estate for sale.
      1130 S Main St, Petal, MS 39465
      View Details
    • Contact for pricing

      Exceptional Commercial Facility in Petal

      Move-in ready commercial building in Petal, Mississippi with special features.
      226 E Central Ave, Petal, MS 39465
      View Details
    • Contact for pricing
      2,302 SF

      Retail Property on Highway 42

      Retail property for sale located on Highway 42.
      1800 Highway 42, Petal, MS 39465
      View Details
    • Contact for pricing

      Retail Space on Evelyn Gandy

      Retail space available on Evelyn Gandy Parkway in Petal, MS.
      1140 Evelyn Gandy Pkwy, Petal, MS 39465
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Retail Space in Petal, MS

      Retail space available for lease in Petal, Mississippi.
      112 S Main St, Petal, MS 39465
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space Near Walmart

      Retail space available in Petal, Mississippi, near Walmart.
      35 Byrd Blvd, Petal, MS 39465
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease.
      112 S Main St, Petal, MS 39465
      View Details
    • Contact for pricing
      9,100 SF

      Retail Space in Growing Corridor

      9,100 SF retail space in a growing retail corridor.
      6 Parkway Ln, Petal, MS 39465
      View Details
    • $1,500 /Mo
      1,600 SF

      Adaptable Office Space on Main

      Commercial duplex office space for lease on Main Street.
      223 N Main St, Petal, MS 39465
      View Details
    • Contact for pricing

      Land for Rent

      Land available for rent in Petal, Mississippi.
      500 New Richton Rd, Petal, MS 39465
      View Details

    Property Visit Statistics

    • Visits by month
      17.1k
    • Visitors by month
      10.9k
    • Avg Time on site
      11 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1122 Evelyn Gandy Pkwy
    Petal, MS 39465-3947
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1122 Evelyn Gandy Pkwy, Petal, MS, 39465
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!