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    421 Memorial Blvd Picayune, MS 39466

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    For Lease
    Contact for pricing

    Prime Retail/Office Space Available in MS

    Lot size:
    2,700 SF

    Property Features for 421 Memorial Blvd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,700 SF

    Spaces For Lease

    at 421 Memorial Blvd, Picayune, MS 39466 Contact us
    Unit Suite A

    $11 /Mo

    Size
    2,700 SF
    Contact us

    We can help!

    Listing Contact
    Robert Hand
    Robert Hand

    Listing Agency: Louisiana Commercial Realty LLC Listing Agent: Robert Hand

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

    Learn more

    Property Insight Report

    Overview

    This exceptional commercial property, located at 421 Memorial Boulevard in Picayune, Mississippi, 39466, presents a unique opportunity for businesses seeking versatile retail or office space. The property is a strip center featuring a total of 2,700 square feet, with one unit currently available for lease. The layout is highly functional and includes a dedicated reception area, perfect for creating a professional first impression. Three private offices provide ample space for individual work or team collaboration, ensuring privacy and productivity. A convenient restroom is included for tenant and client use. Additional storage space is available, addressing various organizational needs. The property also boasts a large, open area, offering significant flexibility for customization to suit specific business requirements. The open area is ideal for retail displays, showroom setups, or expansive office layouts. Detailed floor plans are available upon request, allowing potential tenants to visualize the space and its potential. This property's prime location in Picayune offers excellent visibility and accessibility, making it an attractive option for businesses seeking a strong presence in the community. The property type is classified as both retail and office, catering to a wide range of potential tenants. This versatile space is ready for immediate occupancy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Picayune
    County
    Pearl River
    State
    Mississippi
    Longitude
    -89.6754866
    Latitude
    30.5172973

    Nearby Similar for Lease

    • $12 SF/Yr
      50,787 SF

      Retail Space on Memorial Boulevard

      Large retail space in established Pearl River County retail corridor.
      790 Memorial Bvd, Picayune, MS
      View Details
    • $14 SF/Yr
      5,076 SF

      Picayune Retail Space Available

      High-traffic retail/office suites in prime location.
      801 Highway 11, Picayune, MS 39466
      View Details
    • $5 SF/Yr
      99,080 SF

      Pine Tree Plaza: Retail Opportunity

      Prime Picayune Retail Center, Multiple Spaces Available
      790 Memorial Blvd, Picayune, MS 39466
      View Details
    • $15 SF/Yr
      110,000 SF

      Picayune Place Shopping Center

      Retail spaces available; prime location.
      781 Hwy, Picayune, MS 39466
      View Details
    • Contact for pricing
      2,700 SF

      Retail/Office Space Near I-59

      Retail or office space for lease near I-59 interchange.
      421 Memorial Blvd, Picayune, MS 39466
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Prime Retail/Office Space Available in MS
    Where is this office property / space located?
    The property is located at 421 Memorial Blvd Picayune, MS.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: 2,700 SF retail/office space available for lease at 421 Memorial Boulevard, Picayune, MS 39466.; One unit currently available in a strip center.; Features reception area, three private offices, restroom, and ample storage.
    (504) 838-0001 Call to check price and availability
    Request Owner's contact information
    421 Memorial Blvd Picayune, MS 39466
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    Picayune, MS 39466
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    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
    421 Memorial Blvd Picayune, MS 39466
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Robert Hand
    Robert Hand
    Real Estate License ID: 99564145
    (504) 838-0001
    Learn more
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