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    Property profile & analytics

    505 Heritage Dr Oxford, MS 38655-5459

    • Office Properties & Spaces
    • 4,106 SF
    • 0.34 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    May 25, 2021
    $450,000
    Location Intelligence
    Property ID
    US50-0732278
    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

    • Office Properties & Spaces

    Property Details for 505 Heritage Dr

    Year built
    1998
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.34 lot acres
    Property size
    4,106 SF
    Property type
    Office Properties & Spaces
    APN
    134N-19-171.00
    APU
    134N1917100

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Oxford
    County
    Lafayette
    State
    Mississippi
    Longitude
    -89.5607
    Latitude
    34.3672
    CBSA code
    37060
    CBSA name
    OXFORD, 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
    $7,291
    $0.00
    $0.00
    $56,037
    -
    $160,000
    $213,580
    $373,580

    Comparable in this City

    • Value Estimation by Request
      5,110 SF

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    • Value Estimation by Request
      1,000 SF

      Oxford, MS 38655

      OFFICE (GENERAL) • 1,000 SF
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      1,062 SF

      Oxford, MS 38655

      OFFICE (GENERAL) • 1,062 SF
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    • Value Estimation by Request
      4,513 SF

      2684 Oxford Loop

      OFFICE (GENERAL) • 4,513 SF
      2684 Oxford Loop, Oxford, MS 38655-4466
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    • Value Estimation by Request
      11,305 SF

      2002 Oxford Way

      OFFICE (GENERAL) • 11,305 SF
      2002 Oxford Way, Oxford, MS 38655-9432
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    • Value Estimation by Request
      14,708 SF

      2330 University Ave

      OFFICE (GENERAL) • 14,708 SF
      2330 University Ave, Oxford, MS 38655-8905
      View Details

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    505 Heritage Dr
    Oxford, MS 38655-5459
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    Realmo Value Estimation

    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.

    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.

    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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