Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    818 Azalea Dr. Bay St Louis, MS 39520

    View on Map
    Claim this Listing
    For Sale
    $30,000

    Residential Land, Investment - Bay St. Louis, MS

    Type:Single Family Residence
    Added:
    Mar 10, 2026
    Days on Market:
    52
    Last Refresh:
    Apr 30 at 1:06 pm

    Property Features for 818 Azalea Dr.

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Clyde Stewart

    Listing agent Clyde Stewart License #S-50754

    Listing office RE/MAX Real Estate Partners 119 MAYFAIR RD, HATTIESBURG, MS 39402, Hattiesburg, MS

    Listing date Mar 10, 2026

    MLS# 146178 Listing URL

    Copyright © 2026 Hattiesburg Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Bay St. Louis Coastal Land

    This property presents an incredible build opportunity in the coastal community of Bay St. Louis. The lot is located in an AE flood zone, offering the potential for a raised coastal home. Elevating a build on this lot could capture coastal breezes and provide space for covered parking, golf cart storage, a workshop, and outdoor entertaining. The property is situated in a quiet, established neighborhood and is located minutes away from Highway 603, local boat launches, and the dining, shopping, and beaches of Old Town Bay St. Louis. The parcel features triple-street frontage. The property is located at 818 Azalea Dr., Bay St. Louis, MS 39520, in Hancock County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Hotel & Motel Department Store Kitchen & Bath Showroom HVAC Service Discount Store Computer & Electronic Repair Daycare Center Tech Support Center Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Bay St Louis
    County
    Hancock
    State
    Mississippi
    Longitude
    -89.38093
    Latitude
    30.326876

    Nearby Similar for Sale

    • $429,000
      1,368 SF

      New Duplex Near Gulf Coast

      Brand-new duplex, short walk to the beach and fishing pier.
      5061& 5063 Forrest Ave, Bay St Louis, MS 39520
      View Details
    • $85,000

      Waterfront Canal Lots for Sale

      Two waterfront canal lots perfect for building your dream home.
      00 Mississippi St., Bay St. Louis, MS 39520
      View Details
    • $24,500

      Waterfront Land in Bay St. Louis

      Waterfront lot with canal access to Jourdan River and Gulf.
      Lot 58 Atlantis Dr., Bay St. Louis, MS 39520
      View Details
    • $75,000

      Bay St Louis Vacant Land

      Three lots zoned C-3 near the beach in Bay St Louis.
      5030 Herron St, Bay St Louis, MS 39520
      View Details
    • $15,000

      Residential Land Near Gulf Coast

      Land near the Gulf Coast with investment potential.
      TBD W Hinds, Bay St. Louis, MS 39520
      View Details
    • $2,900

      Vacant Lot Near Gulf Coast

      Residential lot available near the Gulf Coast and casinos.
      NHN E Carroll St, Bay St Louis, MS 39521
      View Details
    • $59,000

      Hancock County Vacant Hunting Land

      8.5 acre hunting land in gated waterfront community.
      00 Grand Plains Bayou Drive, Bay St. Louis, MS 39520
      View Details
    • $465,000
      7,840 SF

      Commercial Property in Old Town

      Commercial property in Old Town Bay St. Louis for sale.
      104 Court Street, Bay St. Louis, MS 39520
      View Details
    • $20,000

      Vacant Lot Near Jordan River

      Vacant lot, short boat ride to Jordan River.
      NHN Everest Street, Bay St Louis, MS 39520
      View Details
    • $24,500
      666,468 SF

      15 Acres of Recreational Land

      Private 15-acre recreational land with lake and boat launch.
      3031 Grand Plains Bayou Drive, Bay St. Louis, MS 39520
      View Details
    • $499,999

      Prime Commercial Land Opportunity

      Commercial land in thriving Bay St. Louis coastal community.
      104 Court Street, Bay St. Louis, MS 39520
      View Details
    • $12,500,000

      183 Acres Waterfront Land Opportunity

      183 acres of waterfront land with development potential.
      11191 Cazaubon Rd, Bay St. Louis, MS 39520
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land in coastal Bay St. Louis, build opportunity!
    Where is this residential land & home lot located?
    The property is located at 818 Azalea Dr. Bay St Louis, MS.
    What is the asking price?
    The asking price for this property is $30,000.
    What are key features of this property?
    This property features: Rare, large lot with triple‑street frontage offering unique design flexibility.; Located in an AE flood zone, ideal for building a raised coastal home with ample under‑house space.; Excellent location in a quiet, established neighborhood.
    (601) 270-6363
    We can help!
    Listing Contact
    Clyde Stewart
    Real Estate License ID: S-50754
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!