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    862 Highway 49 Richland, MS 39218
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    Property profile & analytics

    862 Highway 49 Richland, MS 39218

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    • Commercial real estate
    • 8.91 lot acres
    Off-Market
    Property ID
    US50-0314915
    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 862 Highway 49

    Lot size
    8.91 lot acres
    Property type
    Commercial real estate
    APN
    D07C000006 00000

    Description

    This exceptional 8.91-acre commercial land parcel is strategically located at 862 Highway 49 S in Richland, Mississippi, offering unparalleled visibility and accessibility. Boasting 900 feet of frontage on the northbound lane of Highway 49 S, this property sits conveniently north of Best Western and Super Walmart, ensuring high traffic volume. The site is situated outside the floodplain, mitigating risk and offering development flexibility. The seller will consider dividing the property to accommodate various development needs. An easement provides access to Roland Drive, offering an alternative route and connection to the Super Walmart traffic signal at Harper Street via Crossroads Drive. This prime location benefits from a significant traffic count, with a 51,000 MDOT AADT (Average Annual Daily Traffic). The property is zoned for commercial use and is priced competitively at $1,350,000, or $151,685 per acre. The APN is D07C000006 00000. This presents a rare opportunity for investors and developers seeking a high-impact location in a thriving Mississippi market.

    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
    Richland
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.15776330375
    Latitude
    32.224162482291

    Comparable in this City

    • Contact for pricing

      Commercial Land Near Highway 49

      12.77+/- acres of commercial land in Richland, Mississippi.
      W Harper St, Richland, MS 39218
      View Details
    • Contact for pricing

      Highway 49 Corner Commercial Lot

      1.65 acre corner lot on Highway 49 in Richland, MS.
      734 Highway 49 S, Richland, MS 39218
      View Details
    • $240,000
      7.89 Acres

      Richland, MS Wooded Land

      7.89 acres of wooded land zoned for multi-family use.
      Roland Dr, Richland, MS 39218
      View Details
    • Contact for pricing

      Industrial Land in Richland, MS

      13.37 acres of industrial-zoned land in Rankin County.
      Aerosmith Dr, Richland, MS 39218
      View Details
    • Contact for pricing

      Prime Development Site on Highway

      2.6 acre commercial development site with highway frontage.
      49 Frontage Rd, Jackson, MS 39218
      View Details
    • $350,000

      Highway 49 Land Parcels

      Two highly visible land parcels on Highway 49.
      110 Monterey Rd, Richland, MS 39218
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Land Near Highway 49

      12.77+/- acres of commercial land in Richland, Mississippi.
      W Harper St, Richland, MS 39218
      View Details
    • Contact for pricing

      Highway 49 Corner Commercial Lot

      1.65 acre corner lot on Highway 49 in Richland, MS.
      734 Highway 49 S, Richland, MS 39218
      View Details
    • $240,000
      7.89 Acres

      Richland, MS Wooded Land

      7.89 acres of wooded land zoned for multi-family use.
      Roland Dr, Richland, MS 39218
      View Details
    • Contact for pricing

      Industrial Land in Richland, MS

      13.37 acres of industrial-zoned land in Rankin County.
      Aerosmith Dr, Richland, MS 39218
      View Details
    • Contact for pricing

      Prime Development Site on Highway

      2.6 acre commercial development site with highway frontage.
      49 Frontage Rd, Jackson, MS 39218
      View Details
    • $350,000

      Highway 49 Land Parcels

      Two highly visible land parcels on Highway 49.
      110 Monterey Rd, Richland, MS 39218
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Richland Industrial Space Available

      Industrial spaces available for rent in Richland, Mississippi.
      542 Industrial Dr, Richland, MS 39218
      View Details
    • Contact for pricing

      Richland Industrial Flex Space Available

      Industrial flex space for lease in Richland, Mississippi.
      199 Interstate Dr, Richland, MS 39218
      View Details
    • Contact for pricing
      4,800 SF

      Industrial Flex Space Available

      Industrial flex space for lease in Richland, Mississippi.
      199 Interstate Dr, Richland, MS 39218
      View Details
    • $12 SF/Yr
      5,000 SF

      Richland, MS Industrial Property

      5,000 SF Office/Warehouse Space Available
      0 Aerosmith Dr, Richland, MS 39218
      View Details
    • Contact for pricing

      Richland Industrial Facility Pre-Leasing

      110,390 SF industrial facility with build-to-suit options available.
      129 Interstate Dr, Richland, MS 39218
      View Details
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    Richland, MS 39218
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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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    862 Highway 49, Richland, MS, 39218
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