Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    10041 Chapman Rd Bay Saint Louis, MS 39520

    Sponsored
    For Sale
    $129,900

    LAND - Bay Saint Louis, MS

    Lot size:
    3.40 Acres
    Days on Market:
    136
    Last Refresh:
    Jan 26 at 1:06 pm

    Property Features for 10041 Chapman Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    138h-0-46-021.000
    Lot size
    3.40 Acres

    We can help!

    Listing Contact
    Joey J Alligood

    Ashman-Mollere Realty, Inc. (228) 467-5454

    Listing agent Joey J Alligood (228) 467-5454 License #S58823

    Listing date Sep 13, 2025

    MLS# 4054280

    Copyright © 2025 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Development Land Near Bay St.

    This 3.4-acre property presents a development opportunity. Previously used as a mobile home park, the site is located a short drive from downtown Bay St. Louis and the beaches in Hancock County, MS.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Gym & Fitness Daycare Center Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bay Saint Louis
    County
    Hancock
    State
    Mississippi
    Longitude
    -89.382932
    Latitude
    30.312915

    Nearby Similar for Sale

    • New
      $295,000
      Pending

      Income-Producing Duplex in Old Town

      Exceptional duplex in Old Town Bay St. Louis, income-producing property.
      325/327 Ruella St, Bay Saint Louis, MS 39520
      View Details
    • New
      $295,000
      Pending

      Income-Producing Duplex in Old Town

      Spacious duplex in Old Town Bay St. Louis, income potential.
      321/323 Ruella St, Bay Saint Louis, MS 39520
      View Details
    • $575,000
      1,728 SF

      Bay St. Louis Duplex Investment

      Two-story duplex near downtown, ideal for rental or owner-occupancy.
      113/115 Bay View Ct, Bay Saint Louis, MS 39520
      View Details
    • $284,000
      1.40 Acres

      Waterfront Land Near Jourdan River

      1.4-acre waterfront property near downtown Bay St. Louis.
      Koerner Dr, Bay Saint Louis, MS 39520
      View Details
    • $169,900
      Pending

      Bay Saint Louis Duplex Investment

      Duplex in Bay Saint Louis with long-term tenants.
      8034 Clarke St, Bay Saint Louis, MS 39520
      View Details
    • New
      $795,500
      2,094 SF

      Mixed-Use Property in Old Town

      Mixed-use commercial building in the heart of Old Town.
      136 Main St, Bay Saint Louis, MS 39520
      View Details
    • $125,000
      0.27 Acres

      Waterfront Lots with Boathouse

      Waterfront lots on canal near Jourdan River with boathouse.
      30 Fiber St, Bay Saint Louis, MS 39520
      View Details
    • Contact for pricing
      0.11 Acres

      Bay Saint Louis Land Available

      Land near New Orleans, Gulf Shores, and casinos.
      23Rd Ave, Bay Saint Louis, MS 39520
      View Details
    • $37,840
      Pending

      Bay Saint Louis Land Parcel

      Land parcel with potential for development and boat slip.
      10066 E Gulf Rd, Bay Saint Louis, MS 39520
      View Details
    • $130,000
      0.17 Acres

      Waterfront Lot in Riverview Subdivision

      Waterfront lot ready for your dream home or investment.
      4013 Ceylon St, Bay Saint Louis, MS 39520
      View Details
    • Contact for pricing
      0.12 Acres

      Land Near Bay Saint Louis

      Land near beaches and town in Bay Saint Louis, MS.
      Tiber St, Bay Saint Louis, MS 39520
      View Details
    • Contact for pricing
      0.11 Acres

      Land Near Bay Saint Louis

      Land near I-10, beaches, and Bay Saint Louis.
      9Th Ave, Bay Saint Louis, MS 39520
      View Details

    FAQs

    What type of property is this?
    Land - 3.4 acre property near downtown and beaches.
    Where is this land located?
    The property is located at 10041 Chapman Rd Bay Saint Louis, MS.
    What is the asking price?
    The asking price for this property is $129,900.
    What are key features of this property?
    This property features: - Development Opportunity: 3.4 acre property suitable for development.; - Short drive to downtown Bay St. Louis.; - Convenient access to beaches.
    (228) 547-9804
    Request Owner's contact information
    10041 Chapman Rd Bay Saint Louis, MS 39520
    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.
    10041 Chapman Rd
    Bay Saint Louis, MS 39520
    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
    10041 Chapman Rd Bay Saint Louis, MS 39520
    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

    We can help!
    Listing Contact
    Joey J Alligood
    Real Estate License ID: S58823
    (228) 547-9804
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.