Office Building with Multiple
For Sale
$639,000
11035 Lamey Bridge Rd, Diberville, MS 39540
C2-zoned commercial property with a flexible layout, kitchen, bathrooms, and covered outdoor areas for meetings or breaks.
Property Size2,424 SF
Price / SF$263.61
Days on Market36
Property Features for 11035 Lamey Bridge Rd
General Information
Standard status
Active
Size
2,424 SF
Zoning
C2
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
8
Taxes and HOA fees
Annual Taxes
$1,827
Amenities
front and back porches
well-equipped kitchen
Building Details
Buildings
1
Listing Agency:
Strategic Wealth Realty, Inc.
(228) 217-0390
Listed By:
Kaylee Dwyer
(228) 217-0390
Source:
Exprealty
Added: Jul 8
Changed: Aug 11
Last Checked: Aug 11 at 7:29AM
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 Strategic Wealth Realty, Inc.
Investment Insights
Based on property information with market context.
This 2,424-square-foot office building is arranged with eight separate office spaces, three bathrooms, and a kitchen. Front and rear porches add covered outdoor areas that can support informal meetings or staff breaks. The layout accommodates a range of office-based operations while retaining distinct rooms for individual work or collaboration.
Located at 11035 Lamey Bridge Rd in Diberville, Mississippi, the property offers 100 feet of frontage along the main road. It is near I10 and The Promenade, placing the building within an active commercial setting. C2 zoning and the existing office configuration provide a clear framework for continued commercial use.
Located at 11035 Lamey Bridge Rd in Diberville, Mississippi, the property offers 100 feet of frontage along the main road. It is near I10 and The Promenade, placing the building within an active commercial setting. C2 zoning and the existing office configuration provide a clear framework for continued commercial use.
Key Highlights
- 2,424‑square‑foot office building with eight separate office spaces
- C2 zoning supports the property's commercial office configuration
- 100 feet of frontage along the main road
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,320
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$386,400
$386.4K
Cap Rate 7%
$276,000
$276.0K
Cap Rate 9%
$214,667
$214.7K
Market Conditions
NOI Build-Up for 2,424 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$31.4K $12.96/SF
− Vacancy
−$5.7K −$2.33/SF
EGI
$25.8K $10.63/SF
− OpEx
−$6.4K −$2.66/SF
NOI
$19.3K $7.97/SF
Area
Harrison County, MS
Vacancy
18.00%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$386,400
Cap Rate 7%
$276,000
Cap Rate 9%
$214,667
Alternative Uses
Best Use
Office B
$276.0K
$241.5K – $322.0K
NOI $19,320 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$390.5K
$341.7K – $455.6K
NOI $27,335 @ 7.0% cap · market cap 4.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
135
Businesses Nearby
Explore this area
Business Placement
Demographics for 39540, MS
12,707
Population
5,444
Households
2.3
Avg Household Size
36
Median Age
20%
College-Educated
88%
High-School Grad
11.4 sq mi
ZIP Area
1,115
Density / Sq Mi
$65,712
Median Household Income
$41,129
Median Earnings
$1,177
Median Rent
$199,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - C2-zoned commercial property with a flexible layout, kitchen, bathrooms, and covered outdoor areas for meetings or breaks.
Where is this office building located?
The property is located at 11035 Lamey Bridge Rd Diberville, MS.
What is the asking price?
The asking price for this property is $639,000.
What are key features of this property?
This property features: 2,424‑square‑foot office building with eight separate office spaces; C2 zoning supports the property's commercial office configuration; 100 feet of frontage along the main road
