Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Shovel Ready Development Sites Title is generated by Realmo AI

    1 Promenade Parkway Diberville, Diberville, MS 39540

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Prime 'Opportunity Zone' sites near premier retail development.

    Type:Retail, Land
    Lot size:
    1.12 Acres
    Added:
    Jan 17, 2022
    Days on Market:
    1598
    Last Refresh:
    May 19 at 9:01 pm

    Property Features for 1 Promenade Parkway Diberville

    General Information

    Standard status
    Active
    Lot size
    1.12 Acres
    Property subtype
    Retail, Land

    We can help!

    Listing Contact
    Tim Carlson
    Tim Carlson

    Listing agent Tim Carlson License #MS 13267

    Listing office Southeast Commercial Real Estate Services Gulfport

    Listing date Jan 17, 2022

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Southeast Commercial Real Estate Services Gulfport

    HighLights

    • Prime "Opportunity Zone" location adjacent to "The Promenade" retail development.
    • Shovel‑ready development sites, fully entitled with zoning in place.
    • Utilities at road, detention in place, and street lamps along Promenade Parkway.
    • Wetlands fully mitigated and credits purchased.
    • Adjacent to the only Target on the MS Gulf Coast.
    • Sites cleared and sculpted with grading plan available.

    Overview

    These prime 'Opportunity Zone' shovel-ready development sites are located adjacent to The Promenade, a premier retail development on the Mississippi Gulf Coast. The sites are positioned on Promenade Parkway, the new entrance to the only Target store on the Mississippi Gulf Coast. These fully entitled sites have zoning in place, wetlands fully mitigated with credits purchased, utilities at the road, detention in place, and street lamps along Promenade Parkway. The sites have been cleared and sculpted, and a grading plan is available upon request. Sizes may vary, be resized, and/or combined depending on use and overall economics. The Promenade will soon be the new home to Hobby Lobby, Jiffy Lube, and other businesses.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Diberville
    County
    Harrison
    State
    Mississippi
    Longitude
    -88.889801
    Latitude
    30.428499

    Nearby Similar for Sale

    • $399,000
      4,824 SF

      D'Iberville Warehouse with Highway Visibility

      Large warehouse in D'Iberville with easy interstate access.
      10483 Boney Avenue, D'Iberville, MS 39540
      View Details
    • $899,000
      1,792 SF

      D'Iberville Commercial Opportunity For Sale

      Prime commercial land in rapidly developing downtown D'Iberville, Mississippi.
      9498 Central Avenue, D'Iberville, MS 39540
      View Details
    • $648,000
      3,650 SF

      D'Iberville Daycare Facility For Sale

      Existing daycare facility on high-traffic road, strong visibility, easy access.
      4247 Popp's Ferry Road, D'Iberville, MS 39540
      View Details
    • $889,990

      Waterfront Property in D'Iberville, MS

      Prime waterfront property near marina, casino, and interstate.
      117 Bay Shore Drive, D'Iberville, MS 39540
      View Details
    • $589,000

      Waterfront Land on Biloxi Back Bay

      Rare 3.35-acre waterfront property with bay views in D'Iberville.
      10232 Goodman Road, D'Iberville, MS 39540
      View Details
    • $125,000
      9,690 SF

      D'Iberville Commercial Lot For Sale

      Prime commercial lot in high-traffic D'Iberville location near I-10.
      10034 Central Avenue, D'Iberville, MS 39540
      View Details
    • $180,000

      D'Iberville Mixed-Use Corner Lot

      Versatile corner lot in a thriving area, ready for development.
      Seymour Avenue, D'Iberville, MS 39540
      View Details
    • $140,000

      D'Iberville Land For Sale

      0.54-acre lot zoned for commercial or residential use.
      10107 Church Avenue, D'Iberville, MS 39540
      View Details
    • $199,900

      Waterfront Land on Tchoutacabouffa River

      2.2 acres of waterfront land with deep water access.
      River Heights Lane lot: 25, D'Iberville, MS 39540
      View Details
    • $400,000

      Prime Commercial Land I-10 Frontage

      2-acre commercial land parcel with high visibility and traffic.
      5203 W Gay Road, D'Iberville, MS 39540
      View Details
    • $400,000

      Prime Commercial Land I-10 Frontage

      2-acre commercial land with I-10 frontage in D'Iberville, MS.
      5203 W Gay Road, D'Iberville, MS 39540
      View Details
    • $120,000

      D'Iberville Land For Sale

      Prime lot with commercial or residential potential in D'Iberville.
      1 Seymour Avenue, D'Iberville, MS 39540
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime 'Opportunity Zone' sites near premier retail development.
    Where is this commercial land located?
    The property is located at 1 Promenade Parkway Diberville Diberville, MS.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: Prime "Opportunity Zone" location adjacent to "The Promenade" retail development.; Shovel‑ready development sites, fully entitled with zoning in place.; Utilities at road, detention in place, and street lamps along Promenade Parkway.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Tim Carlson
    Tim Carlson
    Real Estate License ID: MS 13267
    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

    Thank You for Inquiry
    1 Promenade Parkway, Diberville, D'Iberville, MS 39540
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!