Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Corner Lot in Ocean Springs Title is generated by Realmo AI

    604 Magnolia Avenue, Ocean Springs, MS 39564

    View on Map
    Claim this Listing
    Pending
    $569,975

    LAND - Ocean Springs, MS

    Type:Single Family Residence
    Lot size:
    0.50 Acres
    Added:
    Oct 22, 2025
    Days on Market:
    217
    Last Refresh:
    May 26 at 3:06 am

    Property Features for 604 Magnolia Avenue

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Pending
    APN
    6-10-95-010.000
    Lot size
    0.50 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    LOTS 10;11 & 12 BLK 1 FOREST HILLS S/D DB 1601-3 (46M 789.30-01)
    Tax Annual Amount
    2612

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Thomas L Reynolds

    Listing agent Thomas L Reynolds License #S52647

    Listing office Weichert Rltrs-Gulf Properties 2668 Bienville Blvd, Ocean Springs, MS

    Listing date Oct 22, 2025

    MLS# 4129351 Listing URL

    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.

    HighLights

    • Prime location on the corner of Magnolia and Porter, offering potential for increased visibility and access.
    • Large, mature oak trees provide shade and enhance the property's aesthetic appeal.
    • Generous 1/2 acre lot suitable for building a substantial home.
    • Walking distance to downtown, restaurants, and entertainment venues.
    • Public water and sewer services available.
    • Cable available.

    Overview

    This half-acre corner lot is located at the corner of Magnolia and Porter in Ocean Springs, Mississippi. The property features multiple large oak trees and is suitable for building a home. Its location offers walking distance access to downtown, restaurants, and entertainment. An adjacent property of approximately 0.75 acres is also for sale, but under different ownership.
    Property Profile Location Intelligence

    Current Use by Public Records

    3 Iglesia Pentecostal ... Church

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Ocean Springs
    County
    Jackson
    State
    Mississippi
    Longitude
    -88.819513
    Latitude
    30.411553

    Nearby Similar for Sale

    • $1,580,000
      9,550 SF

      Ocean Springs Commercial Flex/Industrial Complex

      Commercial flex/industrial complex on 1.17 acres in Ocean Springs.
      995 N Halstead Road, Ocean Springs, MS 39564
      View Details
    • $995,000
      2,330 SF

      Historic Duplex in Downtown Ocean Springs

      Pre-Civil War duplex near Walter Anderson Museum and Front Beach.
      509 Washington Avenue, Ocean Springs, MS 39564
      View Details
    • $395,000
      1,344 SF

      Prime Highway 90 Commercial Opportunity

      High-visibility commercial property in Ocean Springs' dynamic corridor.
      1807 School Street, Ocean Springs, MS 39564
      View Details
    • $675,000
      143,748 SF

      Ocean Springs Highway 90 Land

      3.3 acre commercial land on Highway 90, Ocean Springs.
      Bienville Blvd, Ocean Springs, MS 39564
      View Details
    • $2,711,250

      Ocean Springs Commercial Land Opportunity

      12.05 acre commercial property with highway frontage in Ocean Springs.
      Hwy 57, Ocean Springs, MS 39564
      View Details
    • $345,000

      Ocean Springs Land Opportunity

      Rare downtown lot with development potential near local amenities.
      1115 Desoto Street lot: 5, Ocean Springs, MS 39564
      View Details
    • $695,975
      1,764 SF

      Commercial Office Space For Sale

      Prime location with tenant in place, great investment opportunity.
      6200 Washington Avenue, Ocean Springs, MS 39564
      View Details
    • $327,000
      2,296 SF

      Turnkey Income Property Near Coast

      Fully furnished, renovated income property minutes from downtown Ocean Springs.
      6528 Columbus Circle, Ocean Springs, MS 39564
      View Details
    • $225,000

      Land in Ocean Springs, MS

      5+ acres in Ocean Springs, convenient location, great potential.
      8515 Ocean Springs Road, Ocean Springs, MS 39564
      View Details
    • $26,000

      Ocean Springs Land Opportunity

      Spacious lot near the beach in Ocean Springs, MS.
      Dorothy Street, Ocean Springs, MS 39564
      View Details
    • $695,000
      3,750 SF

      Highway 90 Commercial Lot

      Prime commercial lot on high-traffic Highway 90 in Ocean Springs.
      3433 Bienville Boulevard, Ocean Springs, MS 39564
      View Details
    • $95,000

      Waterfront Acreage in Stillwater Bluff

      Waterfront acreage in executive subdivision with bayou sunsets.
      210 Bluff Cove, Ocean Springs, MS 39564
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Half-acre lot near downtown Ocean Springs restaurants and entertainment.
    Where is this residential land & home lot located?
    The property is located at 604 Magnolia Avenue Ocean Springs, MS.
    What is the asking price?
    The asking price for this property is $569,975.
    What are key features of this property?
    This property features: Prime location on the corner of Magnolia and Porter, offering potential for increased visibility and access.; Large, mature oak trees provide shade and enhance the property's aesthetic appeal.; Generous 1/2 acre lot suitable for building a substantial home.
    (228) 617-3048
    We can help!
    Listing Contact
    Thomas L Reynolds
    Real Estate License ID: S52647
    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
    604 Magnolia Avenue, Ocean Springs, MS 39564
    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!