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

    6412 Washington Ave Ocean Springs, MS 39564

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    3-Acre Commercial Lot, High Visibility

    Property Features for 6412 Washington Ave

    General Information

    Property type
    Land
    Lot Size
    128,938 SF

    We can help!

    Listing Contact
    Tim Carlson
    Tim Carlson

    Listing Agent: Tim Carlson

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 2.96-acre commercial land parcel presents a remarkable development opportunity in the thriving Ocean Springs, Mississippi market. Located at 6412 Washington Avenue, this property boasts unparalleled visibility from a major thoroughfare, Washington Avenue, and its proximity to Old Lemoyne Boulevard ensures high traffic flow. The site is zoned General Commercial, providing flexibility for a wide range of commercial ventures. The expansive lot size offers ample space for substantial development projects, catering to diverse business needs. With its strategic location and favorable zoning, this property is ideally suited for businesses seeking high visibility and accessibility. The asking price is $899,500. The property includes four separate parcels, identified by the following Assessor's Parcel Numbers (APN): 0-54-00-001.000, 0-54-002.000, 0-54-003.000, and 0-54-005.000. Situated in Jackson County, Mississippi, with a zip code of 39564, this location offers easy access to local amenities and a strong regional economy. Don't miss this chance to acquire a prime development site in a rapidly growing area. This property is ready for your vision.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Walmart Connection Center Mobile Phone Store Walmart Home Theater ... Electrical Service Walmart House Cleaning ... Hardware & Home Improvement Western Union Bank Ria Money Transfer ... Bank

    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
    Ocean Springs
    County
    Jackson
    State
    Mississippi
    Longitude
    -88.8288515
    Latitude
    30.4346756

    Nearby Similar for Sale

    • $695,975
      1,764 SF

      Commercial Office Space For Sale

      Prime location with tenant in place, great investment opportunity.
      6200 Washington Ave, Ocean Springs, MS 39564
      View Details
    • $1,900,000
      2,796 SF

      Prime Downtown Ocean Springs Location

      Double corner lot in downtown Ocean Springs, MS.
      601 Washington Ave, Ocean Springs, MS 39564
      View Details
    • New
      $274,900
      2,970 SF

      Income-Producing Ocean Springs Duplex

      Fully rented duplex with strong investment opportunity near I-10.
      2012 Napoleon St, Ocean Springs, MS 39564
      View Details
    • New
      $799,000
      1,620 SF

      Historic Commercial Structure in Ocean Springs

      Prime downtown location suitable for restaurant, retail, or residential use.
      1705 Government St, 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 Cir, Ocean Springs, MS 39564
      View Details
    • $1,350,000
      6,000 SF

      Ocean Springs Retail Opportunity

      Three parcels with a 6,000 SF building for sale.
      6514 Washington Ave, Ocean Springs, MS 39564
      View Details
    • $895,000
      55,321 SF

      Commercial Lot with Retail Store

      1.27-acre commercial lot with retail and storage units.
      4025 Bienville Blvd, Ocean Springs, MS 39564
      View Details
    • $1,250,000
      Pending

      Profitable Bar & Grill For Sale

      Bar and grill with real property in Ocean Springs.
      2114 E Bienville Blvd, Ocean Springs, MS 39564
      View Details
    • $345,000

      Commercial Space on Government Street

      Prime location for office or retail in Ocean Springs.
      201 Walnut Dr, Ocean Springs, MS 39564
      View Details
    • Contact for pricing
      4,400 SF

      Downtown Ocean Springs Restaurant Opportunity

      Restaurant property in the heart of downtown Ocean Springs.
      1223 Government St, Ocean Springs, MS 39564
      View Details
    • $66,000
      3,000 SF

      Ocean Springs Retail Build-to-Suit

      Prime 3,000 SF vacant lot, ideal for pharmacy.
      3082 Bienville Blvd, Ocean Springs, MS 39564
      View Details
    • $1,850,000
      5,500 SF

      Ocean Springs Medical Office

      High-yield, 100% occupied medical building
      1511 Bienville Blvd, Ocean Springs, MS 39564
      View Details

    FAQs

    What type of property is this?
    Land - 3-Acre Commercial Lot, High Visibility
    Where is this land located?
    The property is located at 6412 Washington Ave Ocean Springs, MS.
    What is the asking price?
    The asking price for this property is $899,500.
    What are key features of this property?
    This property features: 2.96-acre commercial land parcel in Ocean Springs, MS, offering high visibility on Washington Avenue.; Zoned General Commercial, allowing for diverse development options.; Four parcels included (APN: 0-54-00-001.000, 0-54-002.000, 0-54-003.000, and 0-54-005.000).
    (228) 547-0707 Call to check price and availability
    Request Owner's contact information
    6412 Washington Ave Ocean Springs, MS 39564
    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.
    6412 Washington Ave
    Ocean Springs, MS 39564
    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
    6412 Washington Ave Ocean Springs, MS 39564
    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

    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: 13267
    (228) 547-0707
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!