Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    138 Richardson Rd Picayune, MS 39466-7840
    Back to Search
    Property profile & analytics

    138 Richardson Rd, Picayune, MS 39466-7840

    View on Map
    • Day care centers
    • 3,116 SF
    • 2.00 lot acres
    Off-Market
    Last Sale Aug 20, 2020
    Property ID
    US50-0797941
    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

    • Day care centers

    Property Details for 138 Richardson Rd

    Year built
    1985
    Lot size
    2.00 lot acres
    Property type
    Day care centers
    APN
    6171020000004000
    APU
    6171020000004000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 20, 2020 — Leannes Learning Center LLC Irvin Templet Warranty Deed —
    Sep 14, 2018 — Life Church Of Picayune Whitney Bank Special Warranty Deed —
    May 19, 2008 — Glenda C Watts Robette Watts Brewer Warranty Deed —

    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
    Picayune
    County
    Pearl River
    State
    Mississippi
    Longitude
    -89.6782
    Latitude
    30.5557
    CBSA code
    38100
    CBSA name
    PICAYUNE, 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
    $1,919
    $0.00
    $0.00
    $16,043
    -
    $15,000
    $91,950
    $106,950

    Comparable in this City

    • Value Estimation by Request
      7,206 SF

      611 Canal St

      DAY CARE, PRE-SCHOOL
      611 Canal St, Picayune, MS 39466-4515
      View Details
    • Value Estimation by Request
      3,076 SF

      1618 Beech St

      DAY CARE, PRE-SCHOOL
      1618 Beech St, Picayune, MS 39466-7628
      View Details
    • Value Estimation by Request
      5,704 SF

      1401 6th Ave

      DAY CARE, PRE-SCHOOL
      1401 6th Ave, Picayune, MS 39466-3707
      View Details
    • Value Estimation by Request
      5,025 SF

      10 Alex Pl

      DAY CARE, PRE-SCHOOL
      10 Alex Pl, Picayune, MS 39466-9793
      View Details
    • Value Estimation by Request
      5,992 SF

      403 Rosa St

      DAY CARE, PRE-SCHOOL
      403 Rosa St, Picayune, MS 39466-4435
      View Details
    • Value Estimation by Request
      1,136 SF

      1305 Ausborn Rd

      DAY CARE, PRE-SCHOOL
      1305 Ausborn Rd, Picayune, MS 39466-8417
      View Details

    Similar Nearby for Sale

    • $385,000
      6,750 SF

      Versatile Commercial Property in Picayune

      Multipurpose commercial property with potential for various uses.
      502 Jarrell St, Picayune, MS 39466
      View Details
    • $330,000

      Specialty Property for Sale

      Specialty property available for purchase at 271 Bobby Lane in Pearl River County, MS.
      271 Bobby Ln, Picayune, MS 39466
      View Details
    • Contact for pricing

      Historical Downtown Picayune Land

      Prime commercial land in thriving downtown Picayune.
      510 West Canal St -, Picayune, MS 39466
      View Details
    • $650,000
      6,755 SF

      Versatile Commercial Property on Highway

      6,755 sq ft commercial property on 1.32 acres.
      2467 Highway 43 S, Picayune, MS 39466
      View Details
    • Contact for pricing
      10,566 SF

      Dollar General NNN Investment Opportunity

      NNN Dollar General with corporate guarantee and rent escalations.
      6352 Highway 11 N, Picayune, MS 39466
      View Details
    • $425,000
      4,410 SF

      Picayune Church Property For Sale

      Community church with sanctuary, meeting rooms, and kitchen.
      1700 Goodyear Blvd, Picayune, MS 39466
      View Details

    Similar Nearby for Lease

    • $2.00 SF/Yr
      60,000 SF

      Prime Picayune Commercial Land

      Highly visible parcels, build-to-suit options.
      801 Highway 11, Picayune, MS 39466
      View Details
    • Contact for pricing
      2,700 SF

      Retail/Office Space Near I-59

      Retail or office space for lease near I-59 interchange.
      421 Memorial Blvd, Picayune, MS 39466
      View Details
    • Contact for pricing
      875 SF

      Picayune Warehouse Space For Rent

      Approximately 875 sqft warehouse space with roll-up door.
      114 Elizabeth St, Picayune, MS 39466
      View Details
    • Contact for pricing
      12,083 SF

      Retail Space on Memorial Boulevard

      Large retail space in established Pearl River County retail corridor.
      790 Memorial Bvd, Picayune, MS 39466
      View Details
    • Contact for pricing
      100 SF

      Renovated Office Space in Picayune

      Newly renovated commercial space in Picayune's Historic District.
      111 Highway 11 S, Picayune, MS 39466
      View Details
    • Contact for pricing

      35,000 SF Out Parcel

      35,000 SF commercial land for sale or lease.
      801 Highway 11 South, Picayune, MS 39466
      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.
    138 Richardson Rd
    Picayune, MS 39466-7840
    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
    138 Richardson Rd, Picayune, MS, 39466
    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!