Add Listing
    For Lease
    • 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

    801 Highway 11 Picayune, MS 39466

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

    Highly visible parcels, build-to-suit options.

    Lot size:
    60,000 SF

    Property Features for 801 Highway 11

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    60,000 SF

    Spaces For Lease

    at 801 Highway 11, Picayune, MS 39466 Contact us
    Unit

    $2.00 /Mo

    Size
    60,000 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 land opportunity presents three strategically located parcels in Picayune, Mississippi, at the high-traffic corner of Highway 11 South and Memorial Boulevard. The available land sizes range from 7,000 square feet to 60,000 square feet, offering flexibility for various development projects. One parcel measures 38,000 square feet. All parcels boast excellent visibility from Highway 11 South, a major thoroughfare with an estimated 20,000 vehicles passing daily via the I-59 Memorial Boulevard exit. The property's strategic location places it in close proximity to established businesses, including Life Church, Logan's Roadhouse, Wendy's, Pizza Hut, and Hancock Whitney Bank, ensuring high foot traffic and brand recognition. The site is zoned C-3, allowing for a wide array of commercial uses. Developers have the option to lease the land as-is or take advantage of build-to-suit opportunities, tailoring the space to meet specific business needs. This prime location and flexible options make this an exceptional investment opportunity for businesses seeking high visibility and strong potential for growth in a thriving Mississippi market. The property address is 801 Hwy 11 S, Picayune, MS 39466.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Kitchen & Bath Showroom Food Market HVAC Service Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Picayune
    County
    Pearl River
    State
    Mississippi
    Longitude
    -89.681371088724
    Latitude
    30.518771116253

    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
    • $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?
    Land - Highly visible parcels, build-to-suit options.
    Where is this land located?
    The property is located at 801 Highway 11 Picayune, MS.
    What is the lease rate?
    The lease rate is $2.00 SF/Yr.
    What are key features of this property?
    This property features: Three strategically located parcels totaling up to 60,000 square feet available in Picayune, MS.; Parcels range in size from 7,000 to 60,000 square feet (one parcel is 38,000 sq ft).; High-traffic corner location at Hwy 11 S and Memorial Blvd, with 20,000+ vehicles daily.
    (504) 838-0001 Call to check price and availability
    Request Owner's contact information
    801 Highway 11 Picayune, MS 39466
    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.
    801 Highway 11
    Picayune, MS 39466
    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
    801 Highway 11 Picayune, MS 39466
    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 Robert Hand
    Robert Hand
    Real Estate License ID: 99564145
    (504) 838-0001
    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!