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    Property profile & analytics

    123 16th Ave Laurel, MS 39440-4131

    • Hotels
    • 15,000 SF
    • 1.10 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US50-0431809
    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

    • Hotels

    Property Details for 123 16th Ave

    Year built
    1989
    Lot size
    1.10 lot acres
    Property size
    15,000 SF
    Property type
    Hotels
    APN
    119B-06-22-004.00
    APU
    119B062200400

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Laurel
    County
    Jones
    State
    Mississippi
    Longitude
    -89.146
    Latitude
    31.6905
    CBSA code
    29860
    CBSA name
    LAUREL, MS MICROPOLITAN 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
    $28,226
    $0.00
    $0.00
    $164,958
    -
    $232,400
    $867,320
    $1,099,720

    Comparable in this City

    • Value Estimation by Request
      17,363 SF

      305 16th Ave

      HOTEL • 17,363 SF
      305 16th Ave, Laurel, MS 39440-4249
      View Details
    • Value Estimation by Request
      23,674 SF

      1509 Jefferson St

      HOTEL • 23,674 SF
      1509 Jefferson St, Laurel, MS 39440-4244
      View Details
    • Value Estimation by Request
      17,918 SF

      1107 Sawmill Rd

      HOTEL • 17,918 SF
      1107 Sawmill Rd, Laurel, MS 39440-3843
      View Details
    • Value Estimation by Request
      26,541 SF

      1105 Sawmill Rd

      HOTEL • 26,541 SF
      1105 Sawmill Rd, Laurel, MS 39440-3843
      View Details
    • Value Estimation by Request
      42,881 SF

      2008 Jefferson St

      HOTEL • 42,881 SF
      2008 Jefferson St, Laurel, MS 39440-4261
      View Details
    • Value Estimation by Request
      21,006 SF

      1820 Jefferson St

      HOTEL • 21,006 SF
      1820 Jefferson St, Laurel, MS 39440-4268
      View Details

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    Similar Nearby for Lease

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    Property Visit Statistics

    • Visits by month
      3.0k
    • Visitors by month
      1.5k
    • Avg Time on site
      347 min
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    123 16th Ave
    Laurel, MS 39440-4131
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    Realmo Value Estimation

    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.

    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.

    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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