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    Property profile & analytics

    Purvis, MS 39475

    • Specialty properties
    • 2.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0784649
    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

    • Specialty properties

    Property Details

    Lot size
    2.00 lot acres
    Property type
    Specialty properties
    APN
    1-086 -04-002.00
    APU
    10860400200

    Value Estimations

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Purvis
    County
    Forrest
    State
    Mississippi
    Longitude
    -89.3103
    Latitude
    31.0831
    CBSA code
    25620
    CBSA name
    HATTIESBURG, MS 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
    $0.00
    $0.00
    $0.00
    $150
    -
    $150
    $0.00
    $150

    Comparable in this City

    • Value Estimation by Request
      0.11 Acres

      Brown St

      CHARITABLE ORGANIZATION • 0.11 Acres
      Brown St, Purvis, MS 39475
      View Details
    • Value Estimation by Request
      6,833 SF

      78 Baker Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 6,833 SF
      78 Baker Rd, Purvis, MS 39475-4367
      View Details
    • Value Estimation by Request
      2,400 SF

      12 Veterans Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2,400 SF
      12 Veterans Dr, Purvis, MS 39475-4590
      View Details
    • Value Estimation by Request
      660 SF

      Baker Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 660 SF
      Baker Rd, Purvis, MS 39475
      View Details
    • Value Estimation by Request
      4,080 SF

      Stafford St

      PROFESSIONAL CLUBS/ASSOCIATIONS • 4,080 SF
      Stafford St, Purvis, MS 39475
      View Details
    • Value Estimation by Request
      13,480 SF

      Purvis Baxterville Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 13,480 SF
      Purvis Baxterville Rd, Purvis, MS 39475
      View Details

    Similar Nearby for Sale

    • $3,000,000
      60,000 SF

      Lamar County Warehouse - Prime Location

      60,000 SF Warehouse, $50/SF, Vacant
      46 Mangum Ln, Purvis, MS 39475
      View Details
    • $603,000

      Highway Frontage Land For Sale

      Land with highway frontage and high traffic volume available.
      Highway 589, Purvis, MS 39475
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    • $140,000
      15.85 Acres

      Prime Lamar County Land Investment

      15.85 Acres in Purvis, MS
      000 Bates Ave, Purvis, MS 39475
      View Details
    • Contact for pricing
      Pending

      Unrestricted Land in Purvis, Mississippi

      1.38 acres of unrestricted land, perfect for various uses.
      215 Oscar Bond Rd, Purvis, MS 39475
      View Details
    • $79,900

      Land on Highway 98 Frontage

      1.6 acres of commercial land in a developing corridor.
      1.6 Acres Ln Jaunie Ln, Sumrall, MS 39475
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    • $2,284,750
      703.00 Acres

      703 Acres Timberland Investment Opportunity

      703 acres of premium timberland with road frontage near Purvis.
      703 Ac +/- Purvis To Baxterville Rd, Purvis, MS 39475
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      50,000 SF

      Purvis Warehouse Space Available

      50000 SF warehouse space for lease in Purvis.
      117 Central Industrial Row, Purvis, MS 39475
      View Details
    • $1,500 /Mo
      1,200 SF

      Retail Space in Purvis, MS

      Retail space available for lease in Purvis, Mississippi.
      46 Highway 589, Purvis, MS 39475
      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.

    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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