123 Robertson S Rd Hernando, MS 38632-8514
"A-R" Agricultural-Residential District. i. Purpose. The "A-R" District is intended to encourage very low density residential uses in an agricultural setting in the outlying parts of the City's zoning jurisdiction. The low density residential development is intended to occur generally on unsubdivided tracts of land whereon public water supply and sanitary se…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
A · Hernando, MS"A-R" Agricultural-Residential District. i. Purpose. The "A-R" District is intended to encourage very low density residential uses in an agricultural setting in the outlying parts of the City's zoning jurisdiction. The low density residential development is intended to occur generally on unsubdivided tracts of land whereon public water supply and sanitary sewer services is impractical. The densities of the "A-R" District are intended to discourage "leap frog" development into these areas and to ensure that such development occurs adjacent to previously urbanized areas. In the "A-R" Single-family Residential District a building or premises shall be used only for the following purposes: ii. Permitted uses: (1) Agriculture activities but excluding feed lots and sales, auction yards and auction barns. (2) Single-family dwellings. (3) Churches. (4) Country club. (5) Home occupations subject to the standards defined under the "A" Agricultural District. (6) Model home, including sales offices, located within developing subdivisions to be used for the promotion of original sales of lots and houses within that subdivision only. (7) Radio and television towers, antennas, earth stations, or wireless communication facilities which are co-located on existing facilities, or do not exceeding 35 feet in height Wireless communications towers shall be demolished and removed within ninety (90) days after abandonment. In order to ensure the demolition and removal of the tower, the applicant shall post and keep in place a renewable letter of credit or other security with adequate surety in a form acceptable to the city and in an amount determined by the city to be sufficient to pay for the costs of demolition and renewal. (8) Schools, public. (9) Public service facilities. (10) Accessory buildings and uses as provided in Article XII. (11) Cannabis research facility" or "research facility". (12) "Cannabis testing facility" or "testing facility". iii. Conditional uses: The following uses may be permitted if approved by the Planning Commission, in accordance with the procedures and under the conditions set forth in Article XIV, provided such conditional uses shall comply with the height and area regulations and with the parking regulations for similar uses set out elsewhere in this ordinance. (1)
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.