Add Listing
    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

    9151 Niagara Street Waveland, MS 39576

    View on Map
    Picture of Commercial land at 9151 Niagara Street, Waveland, MS
    For Sale
    Contact for pricing

    COMMERCIAL - Waveland, MS

    Lot size:
    0.35 Acres
    Added:
    Mar 17, 2026
    Days on Market:
    16
    Last Refresh:
    Apr 1 at 6:06 pm

    Property Features for 9151 Niagara Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    138m-0-33-282.000
    Lot size
    0.35 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxDescription
    38 THRU 40,BLK 140 SHORELINE PARK UNIT #7 ADD #3
    TaxAnnualAmount
    60

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Elizabeth Wackenhut

    Listing agent Elizabeth Wackenhut License #S57105

    Listing office Keller Williams 707 Russell Ave, Gulfport, MS

    Listing date Mar 17, 2026

    MLS# 4142692

    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.

    Overview

    Waveland Commercial Lot For Sale

    This commercial lot in Waveland, Mississippi, presents a prime opportunity with C-3 zoning. The property offers approximately 150 feet of road frontage, providing excellent visibility and accessibility. The C-3 (General Commercial) zoning allows for a variety of commercial uses, including retail stores, professional offices, restaurants, personal service businesses, medical offices, and other commercial enterprises. This zoning is designed to accommodate higher-intensity commercial activity. The lot is ideally located in a convenient and growing area, making it well-suited for retail, office space, or service-based businesses. The property is approximately 0.35 acres. It is located in Hancock County. With its generous frontage and flexible zoning, this property presents an excellent opportunity for development or investment in a desirable Waveland location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Nail Salon Hotel & Motel HVAC Service Bar & Pub Garden Center Electronics & Wireless Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Waveland
    County
    Hancock
    State
    Mississippi
    Longitude
    -89.405617
    Latitude
    30.307531

    Nearby Similar for Sale

    • $999,900
      4,066 SF

      Turnkey Restaurant on Highway 90

      Fully equipped Japanese hibachi restaurant for sale in Waveland, MS.
      529 Highway 90, Waveland, MS 39576
      View Details
    • $1,799,999
      4,420 SF

      Turnkey Restaurant and Commercial Space

      Two commercial properties with restaurant and flexible space in Waveland.
      529 Highway 90, Waveland, MS 39576
      View Details
    • $975,000
      25,357 SF

      Waveland Warehouse with Office Space

      Large warehouse with office and showroom near Hwy 90.
      118 Auderer Boulevard, Waveland, MS 39576
      View Details
    • $799,000
      1,287 SF

      Adaptable Commercial Property, Waveland, MS

      Versatile commercial space suitable for retail, office, or restaurant ventures.
      527 Highway 90, Waveland, MS 39576
      View Details
    • $79,900

      Land in Coastal Waveland, MS

      Vacant lot near the beach, ideal for building your dream home.
      146 Dane Road, Waveland, MS 39576
      View Details
    • $150,000

      Coastal Homesite Near Beach

      Homesite in Waveland, moments from the beach and attractions.
      111 Mollere Drive, Waveland, MS 39576
      View Details
    • $33,000

      Waveland, MS Wooded Lot

      Private wooded lot near the beach and local attractions.
      447 Sandy Street, Waveland, MS 39576
      View Details
    • $640,000
      6,000 SF

      Commercial Building in Waveland Heart

      Commercial building with tenants in place, endless opportunities.
      2200 Mclaurin Street, Waveland, MS 39576
      View Details
    • $41,900

      Corner Lot Near the Beach

      Homesite near the beach, restaurants, shops, and entertainment.
      Sandy Street lot: 1, Waveland, MS 39576
      View Details
    • $95,000

      Waveland Land Near Beach

      Cleared, build-ready lot near the beach and downtown Bay St. Louis.
      Nhn W 4th Street, Waveland, MS 39576
      View Details
    • $39,900

      Corner Lot Near the Beach

      Corner lot near the beach in Waveland, Mississippi.
      Surf Street lot: 4, Waveland, MS 39576
      View Details
    • $565,000

      Beachfront Lot in Waveland, MS

      Rare 0.59-acre beachfront lot with 106 feet of frontage.
      635 N Beach Boulevard, Waveland, MS 39576
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime commercial lot in Waveland with excellent visibility.
    Where is this commercial land located?
    The property is located at 9151 Niagara Street Waveland, MS.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Prime commercial opportunity in Waveland.; C‑3 (General Commercial) zoning allows for a variety of commercial uses.; Approximately 150 feet of road frontage provides excellent visibility and accessibility.
    (251) 377-0884
    We can help!
    Listing Contact
    Elizabeth Wackenhut
    Real Estate License ID: S57105
    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!