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    Property profile & analytics

    5215 Hwy 493 Meridian, MS 39305-1620

    • Theaters & concert halls
    • 4,489 SF
    • 1.06 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US50-0617613
    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

    • Theaters & concert halls

    Property Details for 5215 Hwy 493

    Year built
    1983
    Lot size
    1.06 lot acres
    Property size
    4,489 SF
    Property type
    Theaters & concert halls
    APN
    139304000000000501
    APU
    139304000000000501

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Meridian
    County
    Lauderdale
    State
    Mississippi
    Longitude
    -88.7008
    Latitude
    32.414
    CBSA code
    32940
    CBSA name
    MERIDIAN, 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
    $8,627
    $0.00
    $0.00
    $48,545
    -
    $111,150
    $212,480
    $323,630

    Comparable in this City

    • Value Estimation by Request
      21,101 SF

      3510 Hls St

      ARENA, CONVENTION CENTER • 21,101 SF
      3510 Hls St, Meridian, MS 39305-2503
      View Details
    • Value Estimation by Request
      10,200 SF

      5014 Poplar Spgs Dr

      DANCE HALL • 10,200 SF
      5014 Poplar Spgs Dr, Meridian, MS 39305-1624
      View Details
    • Value Estimation by Request
      20,074 SF

      4300 Country Clb Dr

      COUNTRY CLUB • 20,074 SF
      4300 Country Clb Dr, Meridian, MS 39305-2721
      View Details
    • Value Estimation by Request
      1,500 SF

      10552 Hwy 495

      FISH CAMPS, GAME TARGET SHOOTING • 1,500 SF
      10552 Hwy 495, Meridian, MS 39305-8717
      View Details
    • Value Estimation by Request
      17,500 SF

      3435 Hls St

      SKATING RINK, ICE SKATING, ROLLER SKATING • 17,500 SF
      3435 Hls St, Meridian, MS 39305-2502
      View Details
    • Value Estimation by Request
      40.00 Acres

      9295 Lizelia Rd

      FISH CAMPS, GAME TARGET SHOOTING • 40.00 Acres
      9295 Lizelia Rd, Meridian, MS 39305
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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    • $169,000
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      Farm property in an excellent location and great neighborhood.
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    • $30,000

      Land For Sale, Meridian MS

      Land available between 29th and 30th Ave, Meridian, MS.
      29th 30Th Ave, Meridian, MS 39305
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    • $249,000
      2.30 Acres

      Meridian Home: 2.3 Acres, $249K

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    Similar Nearby for Lease

    • Contact for pricing

      Meridian Office Building For Sale

      Prime Office Space, Excellent Condition
      4715 24Th Pl, Meridian, MS 39305
      View Details
    • Contact for pricing

      Meridian, MS Special Purpose Building

      High-traffic location, single-tenant building.
      8000 Hwy. 45, Meridian, MS 39305
      View Details
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    5215 Hwy 493
    Meridian, MS 39305-1620
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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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