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    Property profile & analytics

    698 Old Hwy 51st N Nesbit, MS 38651-9604

    • Commercial real estate
    • 1,680 SF
    • 4.57 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US50-0358951
    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 698 Old Hwy 51st N

    Year built
    1999
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    4.57 lot acres
    Property size
    1,680 SF
    Zone code
    C-4
    Property type
    Commercial real estate
    APN
    2-08-7-25-00-0-00007-00
    APU
    2087250000000700

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Nesbit
    County
    Desoto
    State
    Mississippi
    Longitude
    -89.9928
    Latitude
    34.8855
    CBSA code
    32820
    CBSA name
    MEMPHIS, TN-MS-AR 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
    2023
    $3,223
    $0.00
    $0.00
    $23,229
    -
    $67,500
    $87,361
    $154,861

    Comparable in this City

    • Value Estimation by Request
      1,187 SF

      3693 Star Lndg Rd

      COMMERCIAL (GENERAL) • 1,187 SF
      3693 Star Lndg Rd, Nesbit, MS 38651-8503
      View Details
    • Value Estimation by Request
      6,637 SF

      1379 Nesbit Dr

      COMMERCIAL (GENERAL) • 6,637 SF
      1379 Nesbit Dr, Nesbit, MS 38651-6030
      View Details
    • Value Estimation by Request
      3,090 SF

      600 Old Hwy 51st N

      COMMERCIAL (GENERAL) • 3,090 SF
      600 Old Hwy 51st N, Nesbit, MS 38651-9640
      View Details
    • Value Estimation by Request
      2.76 Acres

      545 Star Lndg Rd

      Land • 2.76 Acres
      545 Star Lndg Rd, Hernando, MS 38651
      View Details
    • Value Estimation by Request
      3,200 SF

      1340 Gwynn Rd

      COMMERCIAL (GENERAL) • 3,200 SF
      1340 Gwynn Rd, Nesbit, MS 38651-9251
      View Details
    • Value Estimation by Request
      1,005 SF

      1781 Nesbit Rd

      COMMERCIAL (GENERAL) • 1,005 SF
      1781 Nesbit Rd, Nesbit, MS 38651-9649
      View Details

    Similar Nearby for Sale

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      2.76 Acres

      Hernando Commercial Land Opportunity

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      545 Star Lndg Rd, Hernando, MS 38651
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    • $92,000
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      1.5-acre lot ready for your dream home.
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      Two-acre lot ready for building near Hernando and Southaven.
      002 Baptist Rd, Walls, MS 38651
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    • $149,900
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      Nesbit Land for Residential Development

      17.16 acres suitable for home site or subdivision development.
      Star Landing Rd, Walls, MS 38651
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    • $309,750

      Land For Sale Horn Lake

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      Large, mostly flat lot in established Nesbit subdivision.
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    698 Old Hwy 51st N
    Nesbit, MS 38651-9604
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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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