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

    3712 Old Mobile Avenue Pascagoula, MS 39581

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $410,000

    Restaurant, office spaces, and developable land for sale.

    Type:General Commercial
    Property size:
    10,081 SF
    Lot size:
    3.82 Acres
    Price / SF:
    $40/SF
    Added:
    Nov 4, 2024
    Days on Market:
    540
    Last Refresh:
    Apr 1 at 9:22 pm

    Property Features for 3712 Old Mobile Avenue

    General Information

    Standard status
    Active
    Size
    10,081 SF
    Lot size
    3.82 Acres
    Property subtype
    General Commercial

    Building Details

    Year Built
    1969

    We can help!

    Listing Contact
    Jay Schroeder

    Listing agent Jay Schroeder

    Listing office RE/MAX Choice Properties

    Listing date Nov 4, 2024

    Source Xome

    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 RE/MAX Choice Properties

    Overview

    Restaurant, Offices, and Land

    This property features a restaurant, office spaces, and additional land for development. The restaurant benefits from a new roof, a newly paved parking lot, and new signage. Adjacent to the restaurant is an office space comprising 11 small offices and a large room that can be divided. An additional building houses 8 small offices. The property includes 3.82 acres of land behind the building that can be developed. The total property size is 10081 square feet. Owner financing is available.
    Location Intelligence

    Current Use by Public Records

    Complete Protection Security Service C & A Staffing Solutions Employment Agency Cantina Otra o ... Bar & Pub Gulf Coast Therapy ... Medical Clinic Integrity Tax & Business ... Tax Preparation

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Pascagoula
    County
    Jackson
    State
    Mississippi
    Longitude
    -88.524289
    Latitude
    30.368089

    Nearby Similar for Sale

    • $139,900

      Waterfront Property on Pascagoula River

      Open water access in developing downtown Pascagoula.
      Canty Street, Pascagoula, MS 39567
      View Details
    • $279,000
      2,337 SF

      Pascagoula Commercial Opportunity on Corner

      Corner lot on main artery with high visibility.
      3011 Ingalls Avenue, Pascagoula, MS 39581
      View Details
    • $35,000

      Pascagoula Homesite Near Beach

      Coastal homesite near beach, downtown, entertainment, dining, and shopping.
      1027 22nd Street, Pascagoula, MS 39581
      View Details
    • $60,000
      1,170 SF

      Pascagoula Duplex Investment Opportunity

      Duplex in downtown Pascagoula, ideal for investors or rehab buyers.
      1312 Polk Avenue, Pascagoula, MS 39567
      View Details
    • $1,325,000
      21,000 SF

      Pascagoula Commercial Building and Land

      21,000 sqft building on 2.3 acres, fully fenced.
      2308 Old Mobile Avenue, Pascagoula, MS 39567
      View Details
    • $64,900

      Residential Building Lot Near Beach

      Half-acre residential lot near beach, park, and pier.
      4307 Washington Avenue, Pascagoula, MS 39581
      View Details
    • $389,000
      2,400 SF

      Pascagoula Commercial Space For Sale

      2,400 SF commercial space in a prime Pascagoula location.
      3717 Hospital Road lot: 69, Pascagoula, MS 39581
      View Details
    • $35,000

      Residential Lot in Pascagoula, MS

      Spacious 0.5-acre lot in desirable Lake Elementary School District.
      4515 Cedar Street, Pascagoula, MS 39567
      View Details
    • $10,000

      Residential Lot Near Pascagoula Beach

      Residential lot near the beach and local amenities in Pascagoula.
      4519 Newman Avenue, Pascagoula, MS 39581
      View Details
    • $35,000

      Pascagoula Commercial Land Opportunity

      1.08 acre commercial land available in Pascagoula, Mississippi.
      Hwy 90, Pascagoula, MS 39563
      View Details
    • $80,000
      1,392 SF

      Pascagoula Duplex Fixer-Upper

      Duplex in downtown Pascagoula with income potential.
      1310 Polk Avenue, Pascagoula, MS 39567
      View Details
    • $250,000

      Waterfront Land with Boat Wells

      Prime waterfront lot with boat wells and deep-water access.
      603 Saint Mary Street, Pascagoula, MS 39581
      View Details

    FAQs

    What type of property is this?
    Restaurant - Restaurant, office spaces, and developable land for sale.
    Where is this restaurant located?
    The property is located at 3712 Old Mobile Avenue Pascagoula, MS.
    What is the asking price?
    The asking price for this property is $410,000.
    What are key features of this property?
    This property features: Downtown location; New roof, new paved parking lot, and new signage; Restaurant space next to a large office space with 11 small offices & a large room that can be divided
    (228) 896-3033
    We can help!
    Listing Contact
    Jay Schroeder
    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!