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    Office Building with Conference Area Title is generated by Realmo AI

    996 N Halstead Road, Ocean Springs, MS 39564

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    For Lease
    $4,900/Mo $19 SF/Yr (calc)

    COMMERCIAL - Ocean Springs, MS

    Type:Office
    Property size:
    3,095 SF
    Lot size:
    0.47 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 4 at 1:06 am

    Property Features for 996 N Halstead Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Bathrooms
    1
    Rooms
    Bathroom 2, Bathroom 1
    Parking
    1015
    Standard status
    Active
    APN
    6-10-57-208.000
    Size
    3,095 SF
    Lot size
    0.47 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOT 8 COMMERCE PLAZA S/D PART 1 PB 18-24 DB 1163-274 (523 MAP789.29-01)
    Tax Annual Amount
    4929

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    2003
    Floors in Building
    1
    Flooring type
    Vinyl, Tile - Ceramic
    Roof type
    Metal

    We can help!

    Listing Contact
    Christie A Watson

    Listing agent Christie A Watson License #B24092

    Listing office Weichert Rltrs-Gulf Properties 2668 Bienville Blvd, Ocean Springs, MS

    Listing date Jun 3, 2026

    MLS# 4151574

    Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Office building built in 2003 with metal roof and vinyl and ceramic tile flooring
    • 9 large offices total, including two larger rooms suitable for conference space
    • 2 bathrooms plus a kitchen/break area
    • Large foyer area could be divided into reception and waiting space
    • Located right off Bienville Blvd/Highway 90 in a high‑traffic area with signage available
    • Utilities included in flat‑fee lease structure; water source is public and sewer is public sewer

    Overview

    This office building for lease includes nine large offices, including two larger rooms that can work well as conference spaces. The layout also features two bathrooms and a kitchen/break area, along with a large foyer that could be used as a reception or waiting area depending on how you configure the space.

    The property is located at 996 N Halstead Road in Ocean Springs, MS. It sits right off Bienville Blvd/Highway 90 in a high-traffic area, with signage available, supporting visibility for office users and customers.

    The floorplan is versatile for a range of professional needs, including medical, legal, financial, insurance, or general operations. With multiple individual offices and flexible common space at the front, the building can support client-facing functions, day-to-day administration, and team collaboration within one location. Flat fee rent is noted, and all utilities are included according to the provided information.
    Property Profile Location Intelligence

    Current Use by Public Records

    Fortus Pharma Pharmacy Jennifer Sekul Harris ... Law Firm Jennifer Sekul Harris ... Law Firm Total Petitions-Virtual Bankruptcy ... Law Firm OnPace Pharma Factory

    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
    Ocean Springs
    County
    Jackson
    State
    Mississippi
    Longitude
    -88.80007
    Latitude
    30.413211

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    FAQs

    What type of property is this?
    Office building - Lease a professional office suite with multiple rooms, two baths, and a kitchen-break area in Ocean Springs.
    Where is this office building located?
    The property is located at 996 N Halstead Road Ocean Springs, MS.
    What is the lease rate?
    The lease rate is $4,900 /Mo.
    What are key features of this property?
    This property features: Office building built in 2003 with metal roof and vinyl and ceramic tile flooring; 9 large offices total, including two larger rooms suitable for conference space; 2 bathrooms plus a kitchen/break area
    (228) 990-1992
    We can help!
    Listing Contact
    Christie A Watson
    Real Estate License ID: B24092
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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
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