Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1241 Hwy 42 Petal, MS 39465-2722

    • Retail space
    • 5,000 SF
    • 0.45 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Oct 31, 2022
    Location Intelligence
    Property ID
    US50-0848384
    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

    • Retail space

    Property Details for 1241 Hwy 42

    Year built
    2008
    Construction
    STEEL FRAME
    Lot size
    0.45 lot acres
    Property size
    5,000 SF
    Property type
    Retail space
    APN
    3-020N-33-044.07
    APU
    3020N3304407

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Petal
    County
    Forrest
    State
    Mississippi
    Longitude
    -89.1973
    Latitude
    31.3509
    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
    $8,902
    $0.00
    $0.00
    $353,510
    -
    $97,000
    $256,510
    $353,510

    Comparable in this City

    • Value Estimation by Request
      640 SF

      Hwy 29th At Highway

      RETAIL STORES (PERSONAL SERVICES) • 640 SF
      Hwy 29th At Highway, Petal, MS 39465
      View Details
    • Value Estimation by Request
      2,835 SF

      Central Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,835 SF
      Central Ave, Petal, MS 39465
      View Details
    • Value Estimation by Request
      664 SF

      131 Central Ave

      RETAIL STORES (PERSONAL SERVICES) • 664 SF
      131 Central Ave, Petal, MS 39465
      View Details
    • Value Estimation by Request
      760 SF

      65 City Barn Loop

      RETAIL STORES (PERSONAL SERVICES) • 760 SF
      65 City Barn Loop, Petal, MS 39465-9393
      View Details
    • Value Estimation by Request
      2,400 SF

      309 4th Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      309 4th Ave, Petal, MS 39465
      View Details
    • Value Estimation by Request
      5,400 SF

      Hwy 11

      RETAIL STORES (PERSONAL SERVICES) • 5,400 SF
      Hwy 11, Petal, MS 39465
      View Details

    Similar Nearby for Sale

    • $239,900
      2,879 SF

      Versatile Commercial Property in Petal

      Adaptable commercial space in Petal, Mississippi, with high-traffic visibility.
      130 N Main St, Petal, MS 39465
      View Details
    • $53,000
      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
    • $2,416,645
      74.57 Acres

      Petal, MS: 75 Acres Development Land

      Prime 75-acre commercial tract, ideal for diverse uses.
      1 Teetime Dr, Petal, MS 39465
      View Details
    • $225,000

      Retail Property on Highway 42

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

      Residential Land in Petal, MS

      Land in Petal School District, outside city limits.
      Village Loop, Petal, MS 39465
      View Details
    • $326,700

      Prime Commercial Land in Petal

      0.75 acres of commercial land in growing Petal, MS.
      1321 Ms-42, Petal, MS 39465
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      10,484 SF

      Prime Petal Retail Space

      Free-standing building, 10,484 sq ft
      112 Main St, Petal, MS 39465
      View Details
    • $10 SF/Yr
      17,424 SF

      Prime Retail Land, Richton Rd

      17,424 SF Vacant Retail Space
      500 New Richton Rd, Petal, MS 39465
      View Details
    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.
    1241 Hwy 42
    Petal, MS 39465-2722
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.