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    Property profile & analytics

    Byhalia, MS 38611

    • Race tracks
    • 19.50 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0728611
    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

    • Race tracks

    Property Details

    Lot size
    19.50 lot acres
    Property type
    Race tracks
    APN
    199 -32-00302
    APU
    1993200302

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Byhalia
    County
    Marshall
    State
    Mississippi
    Longitude
    -89.6423
    Latitude
    34.8622
    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
    $142
    $0.00
    $0.00
    $11,481
    -
    $76,540
    $0.00
    $76,540

    Comparable in this City

    • Value Estimation by Request
      38.20 Acres

      Byhalia, MS 38611

      RACE TRACK (AUTO, DOG, HORSE) • 38.20 Acres
      Byhalia, MS 38611
      View Details
    • Value Estimation by Request
      1.52 Acres

      Stonewall Rd

      Land • 52,550 SF
      0 Stonewall Rd, Byhalia, MS 38611
      View Details
    • Value Estimation by Request
      554,040 SF

      Gtwy Global Dr

      Distribution properties • 554,040 SF
      0 Gtwy Global Dr, Byhalia, MS 38611
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    • Value Estimation by Request
      6.70 Acres

      Ms-302

      Land • 6.70 Acres
      0 Ms-302, Byhalia, MS 38611
      View Details
    • Value Estimation by Request
      2.60 Acres

      Byhalia, MS 38611

      WHOLESALE OUTLET, DISCOUNT STORE • 2.60 Acres
      Byhalia, MS 38611
      View Details
    • Value Estimation by Request
      0.90 Acres

      Byhalia, MS 38611

      RETAIL STORES (PERSONAL SERVICES) • 0.90 Acres
      Byhalia, MS 38611
      View Details

    Similar Nearby for Sale

    • $1,300,000
      23.00 Acres

      Byhalia Commercial Land - 23 Acres

      Prime Hwy 72 location, high-growth area.
      7873 Us-72, Byhalia, MS 38611
      View Details
    • Contact for pricing

      Commercial Development Land For Sale

      17-acre commercial development land with interstate visibility.
      E Stonewall Rd, Byhalia, MS 38611
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    • $108,000
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      Byhalia, MS Wooded Land

      12 acres of wooded land suitable for a home site.
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    • $87,500
      2.14 Acres

      Residential Land in Byhalia, MS

      Wooded lots near Hwy 78 and I-69, Lewisburg School District.
      5 Old Byhalia Rd, Byhalia, MS 38611
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    • New
      $45,000
      Pending

      Vacant Land in Byhalia, MS

      1.52 acres of vacant land in Byhalia, Mississippi.
      334 W Byhailia Crk Farm Rd, Byhalia, MS 38611
      View Details
    • New
      $129,000
      3.03 Acres

      Land in Byhalia, Mississippi

      Residential land available in Byhalia, Mississippi, with owner financing.
      21 Pebble View Dr, Byhalia, MS 38611
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    Similar Nearby for Lease

    • Contact for pricing
      52,550 SF

      Byhalia Crossing Shopping Center

      Prime Retail Space, 17 Acres
      0 Stonewall Rd, Byhalia, MS 38611
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    • $13 SF/Yr
      14,400 SF

      Quality Drive Warehouse Space

      14,400 SF Warehouse, 1,800 SF Vacant
      298 Quality Dr, Byhalia, MS 38611
      View Details
    • Contact for pricing
      10,235 SF

      Highway Frontage Retail/Office Space

      Retail or office space available on Highway 178.
      8975 Highway 178, Byhalia, MS 38611
      View Details
    • Contact for pricing
      25,000 SF

      Proposed Shopping Center Development

      17-acre commercial development near I-269 interchange.
      442 E Stonewall Rd, Byhalia, MS 38611
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    • Contact for pricing
      855,568 SF

      Marshall County Logistics Park

      Four-building logistics park on 187 acres with highway access.
      and MS-302 Barringer Rd, Byhalia, MS 38611
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    • $3 SF/Yr
      1,058,669 SF

      Byhalia, MS Warehouse Sublease

      Class A Warehouse Space Available
      190 Norfolk Southern Way, Byhalia, MS 38611
      View Details
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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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