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

    24877 Highway 51, MS

    • Commercial real estate
    • 3,803 SF
    OFF-MARKET
    Value Estimations
    $275,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-1563293
    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

    • Commercial real estate

    Property Details for 24877 Highway

    Year built
    1900
    Property size
    3,803 SF
    Property type
    Commercial real estate
    APN
    550700300
    APU
    550700300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $275,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    51
    County
    Holmes
    State
    Mississippi
    Longitude
    -89.778
    Latitude
    33.1969
    CBSA code
    27140
    CBSA name
    JACKSON, 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
    0
    $0.00
    $750
    $2,106
    $2,856
    -
    $5,000
    $14,041
    $19,041

    Comparable in this City

    • Value Estimation by Request
      2.90 Acres

      Chapel Hl Blvd

      COMMON AREA (COMMERCIAL) • 2.90 Acres
      Chapel Hl Blvd, W, MS
      View Details
    • Value Estimation by Request

      Salsbury Ave, MS

      COMMERCIAL (GENERAL)
      Salsbury Ave, MS
      View Details
    • Value Estimation by Request
      1,128 SF

      Christmas Lake

      COMMERCIAL (GENERAL) • 1,128 SF
      Christmas Lake, Rd, MS
      View Details
    • Value Estimation by Request
      2,880 SF

      Monroe Rd, MS

      COMMERCIAL (GENERAL) • 2,880 SF
      Monroe Rd, MS
      View Details
    • Value Estimation
      $340,000
      6,000 SF

      Hwy 82nd St W W St

      COMMERCIAL (GENERAL) • 6,000 SF
      Hwy 82nd St W W St, Greenwood, MS
      View Details
    • Value Estimation by Request
      0.46 Acres

      Callaway Ct, MS

      COMMON AREA (COMMERCIAL) • 0.46 Acres
      Callaway Ct, MS
      View Details

    Similar Nearby for Sale

    • $560,000
      40,200 SF

      Lucedale Retail Opportunity For Sale

      Large retail space in high-traffic commercial area.
      12101 South, Lucedale, MS
      View Details
    • $1,500,000

      Prime Commercial Land Opportunity

      Commercial land for sale at high-traffic intersection in Madison, MS.
      463 & Old Mannsdale Rd, Madison, MS
      View Details
    • $1,450,000
      18,000 SF

      Columbia, MS Retail Investment Opportunity

      Retail center in Columbia, Mississippi, nearly fully leased.
      1113 Us 98, Columbia, MS
      View Details
    • Contact for pricing

      Raw Land For Sale

      6.4 acres of raw land with highway access.
      1025 Hwy 45 N Alt, Starkville, MS
      View Details
    • $695,000
      8,209 SF

      Restaurant with Outdoor Patio

      Restaurant with bar, patio, and fireplace near USM.
      6313 Hwy, Hattiesburg, MS
      View Details
    • $350,000

      Hattiesburg Office Space Available

      Office property for sale in Hattiesburg, Mississippi.
      23 Town Center Sq, Hattiesburg, MS
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      2,400 SF

      Grocery-Anchored Retail Space Available

      Retail suites and warehouse space available in Greenville, Mississippi.
      1746 Mississippi 1, Greenville, MS
      View Details
    • $32 SF/Yr
      120,000 SF

      Loxley Distribution Logistics Opportunity

      Modern 120,000 SF logistics development near Interstate 10.
      100 Merchant St, Madison, MS
      View Details
    • $13 SF/Yr
      3,600 SF

      Hattiesburg Office Space Available

      Office space available for rent in Hattiesburg, Mississippi.
      6504 Us-98, Hattiesburg, MS
      View Details
    • Contact for pricing
      3,890 SF

      Restaurant/Retail Space Near Stadiums

      Second-generation restaurant/retail space near Cotton District and stadiums.
      385 College Vw Dr, Starkville, MS
      View Details
    • Contact for pricing
      2,800 SF

      Retail Space with Drive-Thru Potential

      Retail spaces available in high-traffic Olive Branch location.
      8110 Cp Crk Blvd, Olive Branch, MS
      View Details
    • Contact for pricing
      2,365 SF

      Retail Space in Corinth Center

      Retail and restaurant spaces available in a busy shopping center.
      1651-1751 Virginia Ln, Corinth, MS
      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.
    24877 Highway
    51, MS
    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

    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.