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

    1503 Market St St Pascagoula, MS 39567

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

    Pascagoula, MS: 8,000 SF, 3 Buildings

    Property size:
    8,000 SF

    Property Features for 1503 Market St St

    General Information

    Property type
    Land
    Square Feet
    8,000 SF

    We can help!

    Listing Contact
    Matthew Johnson
    Matthew Johnson

    Listing Agency: Coldwell Banker Commercial Smith Realty Group Listing Agent: Matthew Johnson

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

    Learn more

    Overview

    This exceptional commercial property, located at 1503 Market Street in Pascagoula, Mississippi, presents a unique investment opportunity. The property encompasses 26,571 square feet of land and features three separate buildings totaling 8,000 square feet of space. The main building boasts a recently installed roof (less than three years old), minimizing immediate maintenance concerns. This prime location on Market Street ensures high visibility and accessibility, benefiting from significant foot traffic. The property is zoned for neighborhood commercial use, offering a wide range of potential applications. This versatility allows for diverse business ventures, from retail shops and cafes to potentially even a small church seeking expansion. The three distinct buildings provide flexibility for multiple businesses or a single expanding enterprise. The property's address is 1503 Market Street, Pascagoula, MS 39567, situated within Jackson County. This offering presents a rare chance to acquire a well-maintained, strategically located commercial property in a thriving Mississippi community. The asking price for this exceptional opportunity is $198,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Pascagoula
    County
    Jackson
    State
    Mississippi
    Longitude
    -88.5487734
    Latitude
    30.3523684

    Nearby Similar for Sale

    • New
      $1,200,000
      10,000 SF

      Downtown Pascagoula Office Space

      Spacious office building in a high-traffic downtown location.
      3405 Pascagoula St, Pascagoula, MS 39567
      View Details
    • $640,000
      2,800 SF

      Turnkey Celtic Irish Sports Bar

      Established sports bar with recent upgrades and growth potential.
      4901 Chicot Rd, Pascagoula, MS 39581
      View Details
    • New
      $79,000
      Pending

      Pascagoula Commercial Property For Sale

      Commercial property in Pascagoula, MS, ideal for small business.
      1915 Kenneth Ave, Pascagoula, MS 39567
      View Details
    • $389,000
      2,400 SF

      Pascagoula Commercial Space For Sale

      2,400 SF commercial space in prime Pascagoula location.
      3717 Hospital Rd, Pascagoula, MS 39581
      View Details
    • New
      $500,000
      Pending

      Pascagoula Industrial Property on Acres

      Industrial property featuring a high-clearance warehouse and finished office suites.
      5309 Industrial Rd, Pascagoula, MS 39581
      View Details
    • $139,900
      0.27 Acres

      Waterfront Property on Pascagoula River

      Open water access in developing downtown Pascagoula.
      Canty St, Pascagoula, MS 39567
      View Details
    • $279,000
      2,337 SF

      Pascagoula Commercial Opportunity on Corner

      Corner lot on main artery with high visibility.
      3011 Ingalls Ave, Pascagoula, MS 39581
      View Details
    • $1,325,000
      21,000 SF

      Pascagoula Commercial Building and Land

      21,000 sqft building on 2.3 acres, fully fenced.
      2308 Old Mobile Ave, Pascagoula, MS 39567
      View Details
    • $410,000
      10,081 SF

      Restaurant and Office Space Available

      Restaurant, office space, and development opportunity in Pascagoula, MS.
      3712 Old Mobile Ave, Pascagoula, MS 39581
      View Details
    • $129,900
      1,966 SF

      Pascagoula Duplex Investment Opportunity

      Duplex in Pascagoula, MS with strong investment potential.
      3010 Martin St, Pascagoula, MS 39581
      View Details
    • $925,000

      Fully Leased Office Complex

      Office complex near courthouse, downtown, and amenities. Great investment.
      702 Watts Ave, Pascagoula, MS 39567
      View Details
    • Contact for pricing

      New Retail Center with National Tenants

      56,986 SF, 4-tenant retail center with 10-year leases.
      3943 Denny Ave, Pascagoula, MS 39581
      View Details

    FAQs

    What type of property is this?
    Land - Pascagoula, MS: 8,000 SF, 3 Buildings
    Where is this land located?
    The property is located at 1503 Market St St Pascagoula, MS.
    What is the asking price?
    The asking price for this property is $198,000.
    What are key features of this property?
    This property features: 8,000 SF of commercial space on 26,571 SF lot.; Recently installed roof (less than 3 years old).; High-visibility location on Market Street in Pascagoula, MS.
    (228) 447-8508 Call to check price and availability
    Request Owner's contact information
    1503 Market St St Pascagoula, MS 39567
    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.
    1503 Market St St
    Pascagoula, MS 39567
    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
    1503 Market St St Pascagoula, MS 39567
    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 Matthew Johnson
    Matthew Johnson
    Real Estate License ID: B24669
    (228) 447-8508 (228) 497-1800
    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!