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    Retail/Office Unit with Covered Deck Title is generated by Realmo AI

    136 Main Street lot B, Bay Saint Louis, MS 39520

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    New
    For Lease
    $3,000/Mo $17 SF/Yr (calc)

    COMMERCIAL - Bay Saint Louis, MS

    Property size:
    2,094 SF
    Lot size:
    0.18 Acres
    Added:
    Jun 1, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 4 at 10:06 pm

    Property Features for 136 Main Street lot B

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Bedrooms
    1
    Bathrooms
    2
    Rooms
    Bathroom 3, Bathroom 2, Bathroom 1, Bedroom 1
    Standard status
    Active
    APN
    149l-0-29-056.000
    Size
    2,094 SF
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    2ND WARD 14 BAY ST LOUIS
    Tax Annual Amount
    8606

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1960
    Floors in Building
    1
    Flooring type
    Laminate, Tile - Ceramic, Combination, Vinyl
    Roof type
    Metal

    We can help!

    Listing Contact
    Avra O'Dwyer
    Avra O'Dwyer

    Listing agent Avra O'Dwyer License #B12784

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

    Listing date Jun 1, 2026

    MLS# 4151285

    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

    • Two‑unit mixed‑use commercial building in Old Town Bay St. Louis, zoned C‑1 Central Business District (Class D).
    • Unit B for lease as retail/office with 1,195 SF, French doors to a large covered deck, plus two half baths/storage rooms accessed from the deck.
    • Unit A has 899 SF living layout with full bath and is currently used as a hair salon; leased for 5 years with an option to renew.
    • Separate meters and each unit has its own HVAC system.
    • Roof is metal; flooring includes laminate, tile (ceramic), combination, and vinyl.
    • Utilities include public water and public sewer; located in an X‑500 flood zone with no flood insurance required.

    Overview

    Unit B is available in a two-unit, Class “D” mixed-use commercial building on the first block of Main Street in Old Town Bay St. Louis. The space has been used as a retail space and/or office and includes French doors opening to a large, covered deck overlooking a landscaped backyard. From the deck, there are two half baths/storage rooms. Unit B is supported by its own HVAC system, and both units have separate meters.

    The property is zoned C-1 Central Business District. Flood insurance is not required, as the building is located in an X-500 flood zone. Unit A is separately designed as a dwelling, though it is currently operating as a hair salon and is leased with a stated term of five years and an option to renew.

    Unit B is a practical fit for tenants seeking a flexible retail/office environment with direct access to an outdoor covered deck. With dedicated HVAC and separate metering, the unit is set up for day-to-day operational independence within a two-unit structure. The C-1 Central Business District zoning supports a wide range of central business uses consistent with the property’s mixed-use configuration.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Big Box & Wholesale Store

    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
    -89.327157
    Latitude
    30.310511

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    FAQs

    What type of property is this?
    Retail space - Lease Unit B with French doors to a covered deck, plus dedicated HVAC and separate metering.
    Where is this retail space located?
    The property is located at 136 Main Street lot B Bay Saint Louis, MS.
    What is the lease rate?
    The lease rate is $3,000 /Mo.
    What are key features of this property?
    This property features: Two‑unit mixed‑use commercial building in Old Town Bay St. Louis, zoned C‑1 Central Business District (Class D).; Unit B for lease as retail/office with 1,195 SF, French doors to a large covered deck, plus two half baths/storage rooms accessed from the deck.; Unit A has 899 SF living layout with full bath and is currently used as a hair salon; leased for 5 years with an option to renew.
    (228) 493-9255
    We can help!
    Listing Contact
    Avra O'Dwyer
    Avra O'Dwyer
    Real Estate License ID: B12784
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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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