Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail or Office Space Available Title is generated by Realmo AI

    421 Memorial Blvd, Picayune, MS 39466

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail or office space featuring reception, offices, and open area.

    Type:Retail, Office
    Added:
    Nov 2, 2023
    Days on Market:
    944
    Last Refresh:
    May 12 at 9:20 pm

    Property Features for 421 Memorial Blvd

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office

    Spaces For Lease

    at 421 Memorial Blvd Contact us

    Suite A $14/Mo

    Size
    2,700 SF
    Type
    Retail
    Retail or office space for lease, with reception area, 3 offices, restroom, storage,...
    show more
    Contact us

    We can help!

    Listing Contact
    Robert Hand

    Listing agent Robert Hand License #LA 99564145

    Listing office Louisiana Commercial Realty LLC

    Listing date Nov 2, 2023

    Source Crexi

    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 Louisiana Commercial Realty LLC

    HighLights

    • Large open area suitable for various business needs.
    • Includes 3 private offices.
    • Features a reception area.
    • Has on‑site restroom.
    • Includes storage space.
    • Floor plan available for detailed layout review.

    Overview

    This property offers retail or office space for lease. The layout includes a reception area, three offices, a restroom, a storage area, and a large open area. A floor plan is available for review.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -89.676491
    Latitude
    30.516804

    Nearby Similar for Lease

    • $2,150/Mo
      1,500 SF

      Retail Space Near Walmart

      Commercial retail space available near Hwy 43 S and Walmart.
      1407 Armand Dr, Picayune, MS 39466
      View Details
    • Contact for pricing
      100 SF

      Renovated Office Space in Picayune

      Newly renovated commercial space in Picayune's Historic District.
      111 Hwy 11 S Ste A, Picayune, MS 39466
      View Details
    • Contact for pricing
      875 SF

      Picayune Warehouse Space For Rent

      Approximately 875 sqft warehouse space with roll-up door.
      114 Elizabeth St, Picayune, MS 39466
      View Details
    • $500/Mo
      154 SF

      Furnished Office Suite in Picayune

      Furnished office suite for lease in Historic Downtown Picayune.
      224 E Canal Street E, Picayune, MS 39466
      View Details
    • $14 SF/Yr
      2,700 SF

      Retail/Office Space Near I-59

      Retail or office space for lease near I-59 interchange.
      421 Memorial Blvd, Picayune, MS
      View Details
    • $5 SF/Yr

      Retail Space in Picayune Place

      Retail space in established shopping center on Memorial Boulevard.
      781 South Highway 43, Picayune, MS 39466
      View Details
    • $14 SF/Yr
      3,000 SF

      Retail/Office Space with Ample Parking

      3000 SF retail or office space with high traffic.
      801 Hwy 11 S, Picayune, MS 39466
      View Details
    • $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

    FAQs

    What type of property is this?
    Retail space - Retail or office space featuring reception, offices, and open area.
    Where is this retail space located?
    The property is located at 421 Memorial Blvd Picayune, MS.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Large open area suitable for various business needs.; Includes 3 private offices.; Features a reception area.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Robert Hand
    Real Estate License ID: LA 99564145
    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
    421 Memorial Blvd, Picayune, MS 39466
    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!