Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Cleared Corner Lot Ready Title is generated by Realmo AI

    Chapman Road, Bay Saint Louis, MS 39520

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Bay Saint Louis, MS

    Type:Single Family Residence
    Lot size:
    0.23 Acres
    Added:
    May 1, 2026
    Days on Market:
    19
    Last Refresh:
    May 19 at 11:06 pm

    Property Features for Chapman Road

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    APN
    138a-0-46-276.000
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    1 & 2 BLK 6 SHORELINE ESTATES#1
    Tax Annual Amount
    72

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Misty M Elsworth

    Listing agent Misty M Elsworth License #S55087

    Listing office Coastal Realty Group 9230 Old Lorraine Rd., Ste C, Gulfport, MS

    Listing date May 1, 2026

    MLS# 4147995 Listing URL

    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

    • Cleared corner lot ready for construction.
    • Ideal location in Bay St. Louis.
    • Ample space for custom home, outdoor living, and gardens.
    • Minutes from the bay, local shops, and dining.
    • Peaceful, friendly neighborhood.
    • Public water source available.

    Overview

    This large, cleared corner lot is located in Bay St. Louis. It offers an ideal location for building a custom residence with space for outdoor living and gardens. The property is cleared and ready for construction, featuring an inviting layout that takes full advantage of the natural surroundings. Situated in a peaceful, friendly neighborhood, the lot is minutes from the bay, local shops, and dining. This location offers a blend of privacy and convenience. The lot size is 0.23 acres. It is an opportunity to create an ideal home in one of the Gulf Coast's areas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Bay Saint Louis
    County
    Hancock
    State
    Mississippi
    Longitude
    -89.378856
    Latitude
    30.321748

    Nearby Similar for Sale

    • $1,800,000
      5,438 SF

      Downtown Bay St. Louis Investment

      Prime commercial asset with restaurant and adaptable space.
      126 Main Street, Bay Saint Louis, MS 39520
      View Details
    • $2,350,000
      4,413 SF

      Bay St. Louis Commercial Property

      Three-story commercial property in Old Town Bay St. Louis.
      113 S Beach Boulevard, Bay Saint Louis, MS 39520
      View Details
    • $850,000
      10,154 SF

      Commercial Building on US Hwy 90

      10,154 sq ft commercial building on 0.74 acres.
      306 U.S. 90, Bay Saint Louis, MS 39520
      View Details
    • $995,000

      Highway 90 Commercial Land Opportunity

      2.93 acres with highway frontage in Bay Saint Louis, MS.
      502 Highway 90, Bay Saint Louis, MS 39520
      View Details
    • $774,500
      2,094 SF

      Mixed-Use Property in Old Town

      Well-appointed commercial property in the heart of Old Town.
      136 Main Street, Bay Saint Louis, MS 39520
      View Details
    • $299,500
      12,029 SF

      Waterfront Commercial Property with Cottage

      Dual property: cottage and operational ice house on bayou.
      5010 Hawaii Street, Bay Saint Louis, MS 39520
      View Details
    • $435,000

      Highway Frontage Commercial Land

      Two acre commercial land with highway frontage in Bay Saint Louis.
      250-252 Hwy 90, Bay Saint Louis, MS 39520
      View Details
    • $995,000

      Prime Commercial Corner Lot

      C-1 zoned commercial property in historic Old Town Bay.
      161 Main Street, Bay Saint Louis, MS 39520
      View Details
    • $98,700

      Bay Saint Louis Commercial Lot

      Prime commercial lot near Ochsner Medical Center in Bay St. Louis.
      Hancock Square Drive lot: J, Bay Saint Louis, MS 39520
      View Details
    • $220,000

      Bay Saint Louis Land Opportunity

      0.82-acre lot near Hwy 90 and Old Town.
      260 Irene Lane, Bay Saint Louis, MS 39520
      View Details
    • $25,000

      Waterfront Lot in Bay Saint Louis

      Wooded lot suitable for commercial or residential use.
      Hwy 603, Bay Saint Louis, MS 39520
      View Details
    • $75,000

      Spacious Coastal Residential Lot

      Large lot near downtown Bay St. Louis, Mississippi.
      321 Julia Street, Bay Saint Louis, MS 39520
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Cleared corner lot in Bay St. Louis, build your dream home.
    Where is this residential land & home lot located?
    The property is located at Chapman Road Bay Saint Louis, MS.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Cleared corner lot ready for construction.; Ideal location in Bay St. Louis.; Ample space for custom home, outdoor living, and gardens.
    (228) 697-8074
    We can help!
    Listing Contact
    Misty M Elsworth
    Real Estate License ID: S55087
    Learn More
    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
    Chapman Road, Bay Saint Louis, MS 39520
    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!