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    1764 Highway 49 Florence, MS 39073
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    Property profile & analytics

    1764 Highway 49, Florence, MS 39073

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    • Industrial properties
    • 652,093 SF
    • 14.97 lot acres
    Off-Market
    Property ID
    US50-0394789
    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

    • Industrial properties

    Property Details for 1764 Highway 49

    Year built
    1970
    Lot size
    14.97 lot acres
    Property type
    Industrial properties

    Description

    This exceptional industrial property, encompassing 652,093 square feet on a 14.97-acre lot, presents a significant investment opportunity in Florence, Mississippi. Strategically located on Highway 49, it enjoys unparalleled visibility and accessibility within the Jackson MSA's most desirable industrial corridor. The property's prime position offers immediate access to a high volume of daily traffic, approximately 50,000 vehicles, ensuring maximum exposure for any business. Its proximity to the crucial intersection of I-20/I-55/US-49 provides unparalleled connectivity to central Mississippi and beyond, making it an ideal location for distribution, manufacturing, or warehousing operations. The expansive lot size allows for significant flexibility in development and expansion plans, catering to a wide range of industrial needs. This property represents a rare chance to acquire a substantial and strategically located asset in a thriving commercial area, offering significant potential for growth and return on investment. The address is 1764 Highway 49, Florence, MS 39073. The asking price is $550,000.

    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
    Florence
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.14088
    Latitude
    32.19501

    Comparable in this City

    • $399,000
      187,308 SF

      High-Visibility Florence Commercial Land

      4.3 Acres, Hwy 49 Frontage, C3 Zoning
      00 Highway 49, Florence, MS 39073
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    • $589,000
      1.83 Acres

      Prime Commercial Land in Florence

      1.83-acre corner parcel with high visibility and accessibility.
      118 Cross Park Dr, Florence, MS 39073
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      Commercial Lot on Highway 49

      Corner commercial lot with high traffic flow on Hwy 49.
      6 Cross Park Dr Unit, Florence, MS 39073
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    • $945,000
      7,401 SF

      Unique Sprawling Property on Five Acres

      Versatile property with two homes, ideal for retreat or care facility.
      219 Bass Rd, Florence, MS 39073
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    • New
      $99,900
      3.00 Acres

      Residential Lot in Eagle Ridge

      3-acre corner lot in established Florence subdivision.
      S Eagle Ridge Dr, Florence, MS 39073
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    Similar Nearby for Sale

    • $2,209,363
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      Prime Florence Development Land

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    • $415,000
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      Florence, MS Multipurpose Building

      Spacious 8,000 sq ft building, ideal for daycare.
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      Commercial Lot in Florence, MS

      Commercial lot with high traffic flow in Florence, Mississippi.
      8 Revelation Dr Unit, Florence, MS 39073
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      Highway 49 Commercial Land Opportunity

      Highly visible commercial land on Highway 49 in Florence, MS.
      2105 Us 49, Florence, MS 39073
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      Land with Abundant Wildlife

      Small land tract with timber and deeded easement.
      Levi Copper Rd, Braxton, MS 39073
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      100,567 SF

      Corner Lot on Highway 49

      High-visibility commercial land at a major intersection.
      1110 Gunter Rd, Florence, MS 39073
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    Similar Nearby for Lease

    • Contact for pricing
      800 SF

      Retail Space in Florence Strip Mall

      800 sq ft retail space in high-traffic Florence location.
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    • $10 SF/Yr
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      Florence Retail Center - Highway 49

      Prime Retail Space, Multiple Units Available
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    • $1,000 /Mo
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      Highway 49 Office Space

      Office space for lease with high visibility and accessibility.
      2799 Lot, Florence, MS 39073
      View Details
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    Florence, MS 39073
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    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
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