Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    960 Newman Trl Brookhaven, MS 39601
    Back to Search
    Property profile & analytics

    960 Newman Trl, Brookhaven, MS 39601

    View on Map
    • Commercial real estate
    • 1.80 lot acres
    Off-Market
    Property ID
    US50-1194939
    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 960 Newman Trl

    Lot size
    1.80 lot acres
    Property type
    Commercial real estate

    Description

    This stunning Brookhaven, MS farmhouse, situated on a spacious 1.8-acre lot at 960 Newman Trail NE, offers 1,643 square feet of comfortable living. The home boasts original hardwood floors, shiplap accents, and tongue-and-groove ceilings, creating a unique and inviting atmosphere. The well-maintained interior features two bedrooms, two full bathrooms, and two living areas – perfect for both entertaining and family time. The kitchen and cabinets have been freshly painted, and the fireplace has also received a fresh coat of paint. Recent upgrades include additional attic insulation, new electrical outlets installed by a licensed electrician, a three-year-old water heater, and a three-year-old HVAC system, ensuring both comfort and efficiency. Built with durable 2x6 walls, this home is designed for lasting quality. The exterior is freshly painted, and the property includes a beautifully landscaped lawn and a fenced backyard, providing privacy and security. The asking price is $175,000. This property is located in Lincoln County, MS, zip code 39601. Don't miss the opportunity to own this charming and updated home.

    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
    Brookhaven
    County
    Lincoln
    State
    Mississippi
    Longitude
    -90.426077190733
    Latitude
    31.637805179896

    Comparable in this City

    • $295,000
      58.19 Acres

      Lincoln County Riverfront Hunting Land

      58 Acres, Riverfront, Hunting Paradise
      816 Denton Trl, Brookhaven, MS 39601
      View Details
    • $543,000
      Pending

      Brookhaven Multifamily Investment Opportunity

      Income-producing 12-unit apartment complex in Brookhaven, Mississippi.
      212 N Church St, Brookhaven, MS 39601
      View Details
    • $249,500
      544,500 SF

      Highway Frontage Commercial Land

      12.5 acre commercial property with highway frontage near I-55.
      1288 Highway 51, Brookhaven, MS 39601
      View Details
    • $225,000
      130,680 SF

      Brookhaven Commercial Land For Sale

      3+/- acre commercial lot with highway frontage and utilities.
      402 Drury Ln, Brookhaven, MS 39601
      View Details
    • $1,500,000
      5.06 Acres

      Brookhaven Commercial Lot on Highway

      Prime commercial lot with high visibility and multiple access points.
      Us 51, Brookhaven, MS 39601
      View Details
    • $245,000
      3.00 Acres

      Brookhaven Commercial Land For Sale

      3-acre commercial lot in Brookhaven, MS, ready for development.
      402 Drury Ln, Brookhaven, MS 39601
      View Details

    Similar Nearby for Sale

    • $295,000
      58.19 Acres

      Lincoln County Riverfront Hunting Land

      58 Acres, Riverfront, Hunting Paradise
      816 Denton Trl, Brookhaven, MS 39601
      View Details
    • $543,000
      Pending

      Brookhaven Multifamily Investment Opportunity

      Income-producing 12-unit apartment complex in Brookhaven, Mississippi.
      212 N Church St, Brookhaven, MS 39601
      View Details
    • $249,500
      544,500 SF

      Highway Frontage Commercial Land

      12.5 acre commercial property with highway frontage near I-55.
      1288 Highway 51, Brookhaven, MS 39601
      View Details
    • $225,000
      130,680 SF

      Brookhaven Commercial Land For Sale

      3+/- acre commercial lot with highway frontage and utilities.
      402 Drury Ln, Brookhaven, MS 39601
      View Details
    • $1,500,000
      5.06 Acres

      Brookhaven Commercial Lot on Highway

      Prime commercial lot with high visibility and multiple access points.
      Us 51, Brookhaven, MS 39601
      View Details
    • $245,000
      3.00 Acres

      Brookhaven Commercial Land For Sale

      3-acre commercial lot in Brookhaven, MS, ready for development.
      402 Drury Ln, Brookhaven, MS 39601
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,667 SF

      Brookhaven Retail Space Available

      Retail space available for lease in Brookhaven, Mississippi.
      830-844 Brookway Blvd, Brookhaven, MS 39601
      View Details
    • $897,000

      Freestanding Family Dollar in Brookhaven

      Single-tenant, net-leased Family Dollar in Brookhaven, Mississippi.
      600 E Monticello St, Brookhaven, MS 39601
      View Details
    • Contact for pricing
      1,200 SF

      Office Space for Lease

      Office space featuring multiple rooms available for lease.
      425 Highway 51 N, Brookhaven, MS 39601
      View Details
    • $2,000 /Mo
      2,000 SF

      Brookhaven Commercial Space for Rent

      2,000 SF office suite in Brookhaven's central business district.
      128 S First St, Brookhaven, MS 39601
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    960 Newman Trl
    Brookhaven, MS 39601
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    960 Newman Trl, Brookhaven, MS, 39601
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!