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    30054 Highway 278 Nettleton, MS 38858

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    30054 Highway 278 Nettleton, MS 38858

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    • Commercial real estate
    • 25.50 lot acres
    Off-Market
    Property ID
    US50-1411114
    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

    • Commercial real estate

    Property Details for 30054 Highway 278

    Lot size
    25.50 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional property offers a unique blend of rural tranquility and upscale living. Nestled on 25.5 acres in Nettleton, Mississippi, within the Amory School District, this expansive estate boasts a stunning 6,150 square foot custom home. The home features five bedrooms, three full bathrooms, and two half bathrooms, providing ample space for comfortable living. The updated kitchen is a chef's dream, and the master suite includes a private walkout deck, perfect for enjoying morning coffee or evening sunsets. A finished walkout basement adds extra living space, while an in-ground pool and a serene stocked pond provide opportunities for relaxation and recreation. For those with equestrian interests, the property includes a livestock barn/equipment shop and four acres of fenced pasture. The property's convenient location offers easy access to nearby cities: 17 miles to Tupelo, 40 miles to Columbus, and 110 miles to Memphis. This is a rare opportunity to own a truly remarkable property, with the potential to acquire up to 110 acres. The asking price is $1,249,000. The property is located at 30054 Highway 278, Nettleton, MS 38858.

    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
    Nettleton
    County
    Monroe
    State
    Mississippi
    Longitude
    -88.619941068856
    Latitude
    33.995911644627

    Comparable in this City

    • $40,000
      4.70 Acres

      Nettleton, MS Wooded Lot

      Beautiful 4.7 acre wooded lot ready for building.
      Ms-371, Nettleton, MS 38858
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    • $200,000
      27.83 Acres

      Nettleton Land with Highway Frontage

      27.83 acres zoned for commercial, residential, and agricultural use.
      Hwy 145, Nettleton, MS 38858
      View Details
    • $205,000
      60.00 Acres

      Nettleton Land for Residential Use

      60-acre lot suitable for residential or recreational development.
      Prospect Rd, Nettleton, MS 38858
      View Details
    • $99,900
      31.50 Acres

      Nettleton Land Approved Mobile Homes

      31.5 acre lot approved for mobile homes in Nettleton.
      Riley Ln, Nettleton, MS 38858
      View Details
    • $75,000
      4.75 Acres

      Nettleton Land for New Construction

      Residential land suitable for new construction or newer mobile homes.
      9 Baker/Prospect Rd, Nettleton, MS 38858
      View Details
    • $47,500
      1.50 Acres

      Lakefront Lot in Nettleton, MS

      1.5-acre buildable lot with lake views and utilities available.
      Lake Estates Dr, Nettleton, MS 38858
      View Details

    Similar Nearby for Sale

    • $40,000
      4.70 Acres

      Nettleton, MS Wooded Lot

      Beautiful 4.7 acre wooded lot ready for building.
      Ms-371, Nettleton, MS 38858
      View Details
    • $200,000
      27.83 Acres

      Nettleton Land with Highway Frontage

      27.83 acres zoned for commercial, residential, and agricultural use.
      Hwy 145, Nettleton, MS 38858
      View Details
    • $205,000
      60.00 Acres

      Nettleton Land for Residential Use

      60-acre lot suitable for residential or recreational development.
      Prospect Rd, Nettleton, MS 38858
      View Details
    • $99,900
      31.50 Acres

      Nettleton Land Approved Mobile Homes

      31.5 acre lot approved for mobile homes in Nettleton.
      Riley Ln, Nettleton, MS 38858
      View Details
    • $75,000
      4.75 Acres

      Nettleton Land for New Construction

      Residential land suitable for new construction or newer mobile homes.
      9 Baker/Prospect Rd, Nettleton, MS 38858
      View Details
    • $47,500
      1.50 Acres

      Lakefront Lot in Nettleton, MS

      1.5-acre buildable lot with lake views and utilities available.
      Lake Estates Dr, Nettleton, MS 38858
      View Details
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    30054 Highway 278
    Nettleton, MS 38858
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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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