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    10199 Highway 603 Bay Saint Louis, MS 39520

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    Claim this Listing
    For Lease
    $5,000/Mo $16 SF/Yr (calc)

    COMMERCIAL - Bay Saint Louis, MS

    Property size:
    3,600 SF
    Lot size:
    0.59 Acres
    Added:
    Apr 2, 2025
    Days on Market:
    401
    Last Refresh:
    May 7 at 5:06 am

    Property Features for 10199 Highway 603

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 3, Bathroom 2
    Window features
    Double Pane Windows
    Standard status
    Active
    APN
    138f-0-28-324.000
    Size
    3,600 SF
    Lot size
    0.59 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    PT 15-17 ALL 46-48 BLK 101 UN7 SHORELINE PK
    Tax Annual Amount
    11761

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    2009
    Floors in Building
    1
    Flooring type
    Concrete

    We can help!

    Listing Contact
    Rebecca E O'Dwyer
    Rebecca E O'Dwyer

    Listing agent Rebecca E O'Dwyer License #B20508

    Listing office O'Dwyer Realty-PSC 232 E Scenic Dr, Pass Christian, MS

    Listing date Apr 2, 2025

    MLS# 4108766

    Copyright © 2026 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.

    HighLights

    • High‑traffic location on Hwy 603 offers excellent visibility.
    • Previously used as a dispensary, suitable for similar use or other business ventures.
    • Welcoming waiting room and spacious open area with a counter.
    • Features private, lockable offices for added privacy and functionality.
    • Equipped with a camera system for enhanced security.
    • Furnishings and items can remain, allowing for immediate occupancy.

    Overview

    Versatile Commercial Space on Highway

    Located on a high-traffic highway, this commercial space offers potential for various businesses, including reopening as a dispensary, as it was previously used. The space features a welcoming waiting room leading to a spacious, open area with a counter suitable for customer service or retail operations. It also includes private, lockable offices for added privacy and functionality, along with a kitchenette. A camera system is installed for added security. The property is available as a triple net lease, providing flexibility for numerous business uses. The space is 3,600 square feet on a 0.59-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Nail Salon Hotel & Motel Pharmacy

    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
    -89.398805
    Latitude
    30.313311

    Nearby Similar for Lease

    • $6,500/Mo

      Versatile Commercial Space in Bay

      Historic charm meets modern functionality in vibrant downtown Bay St. Louis.
      125 Court Street, Bay Saint Louis, MS 39520
      View Details
    • Contact for pricing

      Bay St. Louis Office Space

      Professional office space in prime location with high visibility.
      624 Highway 90, Bay Saint Louis, MS
      View Details

    FAQs

    What type of property is this?
    Retail space - Inviting commercial space suitable for various businesses on high-traffic highway.
    Where is this retail space located?
    The property is located at 10199 Highway 603 Bay Saint Louis, MS.
    What is the lease rate?
    The lease rate is $5,000 /Mo.
    What are key features of this property?
    This property features: High‑traffic location on Hwy 603 offers excellent visibility.; Previously used as a dispensary, suitable for similar use or other business ventures.; Welcoming waiting room and spacious open area with a counter.
    (985) 507-0702
    We can help!
    Listing Contact
    Rebecca E O'Dwyer
    Rebecca E O'Dwyer
    Real Estate License ID: B20508
    Learn More
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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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