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    4545 Highway 589 Sumrall, MS 39482
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    4545 Highway 589 Sumrall, MS 39482

    View on Map
    • Commercial real estate
    • 4,966 SF
    • 1.00 lot acres
    Off-Market
    Property ID
    US50-0429240
    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 4545 Highway 589

    Year built
    1980
    Lot size
    1.00 lot acres
    Property size
    4,966 SF
    Property type
    Commercial real estate

    Description

    This exceptional commercial property, located at 4545 Hwy 589 in Sumrall, MS, presents a unique opportunity for business growth. Boasting nearly 5,000 square feet of space, this versatile building offers ample room for a variety of commercial ventures. The property features multiple office spaces, ideal for administrative functions or separate departments, complemented by a full kitchen, perfect for employee use or potential food service operations. A large, open showroom provides excellent display space for merchandise or equipment, maximizing visibility and customer engagement. The strategic location on Hwy 589 ensures high visibility to a large volume of daily traffic, while additional frontage on Oloh Road provides convenient access and improved traffic flow. Situated on one acre of land, this property offers ample parking and potential for future expansion. The thriving town of Sumrall provides a strong foundation for business success, making this an exceptional investment opportunity for entrepreneurs seeking a prominent location with significant potential. This property is ready for immediate occupancy and offers a chance to establish or expand a business in a rapidly growing community. Don't miss this chance to secure a prime commercial location in the heart of Sumrall.

    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
    Sumrall
    County
    Lamar
    State
    Mississippi
    Longitude
    -89.54254
    Latitude
    31.39314

    Comparable in this City

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      Heavily Wooded Land in Sumrall

      15.3 acres of wooded land in Sumrall School District.
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      95.3 acres in Sumrall, MS with Black Creek frontage.
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      Versatile Office Building For Sale

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    Similar Nearby for Sale

    • $373,200
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      Sumrall Land Parcel For Sale

      24.88 acres in Sumrall school district, build your dream home.
      24.88Ac Epley, Sumrall, MS 39482
      View Details
    • $649,000
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      9.4 Acres Commercial Land, Sumrall

      9.4 acre commercial land parcel in Sumrall, Mississippi.
      7918 Us Highway 98, Sumrall, MS 39482
      View Details
    • $150,000
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      Residential Land in Sumrall, MS

      12.05 acres of residential land in Sumrall, Mississippi.
      000 Rocky Branch Rd, Sumrall, MS 39482
      View Details
    • $168,300
      15.30 Acres

      Heavily Wooded Land in Sumrall

      15.3 acres of wooded land in Sumrall School District.
      00 Oral Church Rd, Sumrall, MS 39482
      View Details
    • $350,000
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      Land with Black Creek Frontage

      95.3 acres in Sumrall, MS with Black Creek frontage.
      95.3 Ac Rocky Br, Sumrall, MS 39482
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    • $1,575,000
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      Versatile Office Building For Sale

      Spacious office building with flexible layout and ample parking.
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      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,309 SF

      Unzoned Land on Highway 98

      10.26 acres of unzoned land with utilities available.
      7459 Us Highway 98, Sumrall, MS 39482
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    • Contact for pricing

      Unzoned Land Parcel For Lease

      10.26 acre unzoned land parcel with utilities for lease.
      7459 Us Highway 98, Sumrall, MS 39482
      View Details
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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.

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