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    790 Memorial Blvd Picayune, MS 39466

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    For Lease
    Contact for pricing

    Prime Picayune Retail Center, Multiple Spaces Available

    Lot size:
    99,080 SF

    Property Features for 790 Memorial Blvd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    99,080 SF
    Total Rate
    41283.33

    Building Details

    Buildings
    2
    Stories
    1

    Spaces For Lease

    at 790 Memorial Blvd, Picayune, MS 39466 Contact us
    Unit Suite 1030

    $5 /Mo

    Size
    49,600 SF
    Contact us
    Unit Suite: 1020-B

    $17 /Mo

    Size
    11,656 SF
    Contact us
    Unit Suite D

    $17 /Mo

    Size
    1,370 SF
    Contact us

    We can help!

    Listing Contact
    Rhonda Sharkawy
    Rhonda Sharkawy

    Listing Agency: Stirling Listing Agent: Rhonda Sharkawy

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

    Learn more

    Overview

    Pine Tree Plaza, located at 790 Memorial Blvd, Picayune, MS 39466, presents a significant retail investment opportunity. This two-building, single-story strip center boasts a total of 99,080 square feet situated on a 10.68-acre lot (APN: 6176230020400100). Currently, there are 62,468 square feet of vacant space available, divisible into units ranging from a minimum of 1,212 square feet to a maximum contiguous space of 49,600 square feet. The property enjoys a prime location on Memorial Boulevard, the main retail thoroughfare of Pearl River County, ensuring high visibility and accessibility. Its strategic position allows it to serve not only Pearl River County but also parts of Hancock County, St. Tammany Parish, and Washington Parish. The existing tenant mix provides a strong foundation, demonstrating the property's enduring appeal and stable occupancy history. This established center offers a compelling opportunity for businesses seeking a prominent location within a well-established retail corridor. The property's size and flexibility make it suitable for a variety of retail uses. Interested parties are encouraged to explore the potential of this exceptional retail investment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    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
    Picayune
    County
    Pearl River
    State
    Mississippi
    Longitude
    -89.67261107
    Latitude
    30.51692983

    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
    • $11 SF/Yr
      2,700 SF

      Picayune Retail Space For Lease

      Prime Retail/Office Space Available in MS
      421 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?
    Neighborhood center - Prime Picayune Retail Center, Multiple Spaces Available
    Where is this neighborhood center located?
    The property is located at 790 Memorial Blvd Picayune, MS.
    What is the lease rate?
    The lease rate is $5-$17 SF/Yr.
    What are key features of this property?
    This property features: 99,080 SF retail strip center on a 10.68-acre lot in Picayune, MS.; 62,468 SF of vacant space available, divisible into units from 1,212 SF to 49,600 SF.; Prime location on Memorial Blvd, the main retail thoroughfare of Pearl River County, offering high visibility and accessibility.
    (504) 620-8145 Call to check price and availability
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    790 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
    790 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 Rhonda Sharkawy
    Rhonda Sharkawy
    Real Estate License ID: 0000010622
    (504) 620-8145 (504) 523-4481 (225) 523-4481
    Learn more
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