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    Waveland Warehouse with Office Space Title is generated by Realmo AI

    118 Auderer Boulevard, Waveland, MS 39576

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    Claim this Listing
    For Sale
    $975,000

    COMMERCIAL - Waveland, MS

    Property size:
    25,357 SF
    Lot size:
    1.30 Acres
    Price / SF:
    $38/SF
    Added:
    Mar 12, 2026
    Days on Market:
    69
    Last Refresh:
    May 19 at 4:06 pm

    Property Features for 118 Auderer Boulevard

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    138p-0-33-250.001
    Size
    25,357 SF
    Lot size
    1.30 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    PT LOT 8 33-8-14
    Tax Annual Amount
    11025

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    2002
    Floors in Building
    2
    Flooring type
    Concrete
    Roof type
    Metal

    We can help!

    Listing Contact
    Lloyd N Nicaud

    Listing agent Lloyd N Nicaud License #S60955

    Listing office John McDonald Realty, LLC 117 Hwy 90, Bay Saint Louis, MS

    Listing date Mar 12, 2026

    MLS# 4142172

    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 visibility location just off Hwy. 90 in Waveland
    • 5000 sq. ft. of office and showroom space
    • Convenient access to Stennis Space Center and Port Bienville
    • Suitable for distribution, manufacturing, lumber, or boat/RV storage
    • Built in 2002
    • Metal roof

    Overview

    This large warehouse building, featuring 5000 square feet of office and showroom space, is located just off Highway 90 in Waveland, Mississippi. The property is visible from Highway 90 and is conveniently located near Stennis Space Center and Port Bienville. The building spans 25357 square feet and sits on a 1.3-acre lot. It is suitable for use as a distribution center or for manufacturing, lumber, or boat and RV storage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Similar Places Nearby

    • Climate Controlled — 932 US-90, Waveland, MS 39576
    • Bay Waveland Mini Storage — 926 US-90, Waveland, MS 39576
    • All Star Mini Storages — 499 Old Spanish Trail, Waveland, MS 39576

    Location Insight

    • Map
    • Local Demand
    City
    Waveland
    County
    Hancock
    State
    Mississippi
    Longitude
    -89.393979
    Latitude
    30.299515

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    FAQs

    What type of property is this?
    Warehouse - Large warehouse with office and showroom near Hwy 90.
    Where is this warehouse located?
    The property is located at 118 Auderer Boulevard Waveland, MS.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: High visibility location just off Hwy. 90 in Waveland; 5000 sq. ft. of office and showroom space; Convenient access to Stennis Space Center and Port Bienville
    (228) 323-2506
    We can help!
    Listing Contact
    Lloyd N Nicaud
    Real Estate License ID: S60955
    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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