Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    320 North St Pass Christian, MS 39571

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    320 North St Pass Christian, MS 39571

    View on Map
    • Land
    • 0.21 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Margaritas Mexican Restaurant / Restaurant

    Property Details for 320 North St

    Lot size
    0.21 lot acres
    Property type
    Land

    Description

    This exceptional 0.21-acre commercial land parcel presents a unique investment opportunity in the vibrant city of Pass Christian, Mississippi. Located at 320 E North Street, this property boasts a highly desirable corner location between Grayson Avenue and Estapa Alley, offering excellent visibility and accessibility. The land is zoned as a Special District, opening up a wide range of potential development options for discerning investors. Its strategic position provides ample opportunities for various commercial ventures, from retail establishments to professional offices. The 0.21-acre size offers a manageable scale for development while still providing sufficient space for a variety of projects. The address is 320 E North St, Pass Christian, MS 39571, situated at latitude 30.327246 and longitude -89.245166 within Harrison County. This property is being offered at an attractive asking price of $24,500, making it an exceptionally compelling investment prospect. The unique zoning and prime location combine to create a rare opportunity to establish a thriving business in a thriving coastal Mississippi community. Don't miss this chance to acquire a piece of Pass Christian's commercial landscape. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pass Christian
    County
    Harrison
    State
    Mississippi
    Longitude
    -89.2452
    Latitude
    30.3272

    Comparable in this City

    • Value Estimation by Request
      0.18 Acres

      North St

      Farms • 0.18 Acres
      0 North St, Pass Christian, MS 39571
      View Details
    • Value Estimation by Request
      4.80 Acres

      23053 Jones Rd

      Land • 4.80 Acres
      23053 Jones Rd, Pass Christian, MS 39571
      View Details
    • Value Estimation by Request
      0.75 Acres

      1598 Beach Blvd

      Land • 0.75 Acres
      1598 Beach Blvd, Pass Christian, MS 39571
      View Details
    • Value Estimation by Request

      8905 Menge Ave

      Land
      8905 Menge Ave, Pass Christian, MS 39571
      View Details
    • Value Estimation by Request
      0.11 Acres

      Margaret Anne Dr

      Land • 0.11 Acres
      0 Margaret Anne Dr, Pass Christian, MS 39571
      View Details
    • Value Estimation by Request
      0.24 Acres

      305 Parkview Ln

      Land • 0.24 Acres
      305 Parkview Ln, Pass Christian, MS 39571
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      Two parcels of land with trees from Hwy 90.
      452 W Beach Blvd, Pass Christian, MS 39571
      View Details
    • $8,900,000

      34 Acres Beachfront Land

      34 acres of beachfront land with development potential.
      34 Acres Henderson Pt, Pass Christian, MS 39571
      View Details
    • Contact for pricing
      1.10 Acres

      Land in Pass Christian, MS

      1.1 acre land for sale in Pass Christian, MS.
      Jones Rd, Pass Christian, MS 39571
      View Details
    • $79,000
      13.00 Acres

      Pass Christian Vacant Land

      13-acre tract near the beach, ideal for residence or investment.
      00 Montebella Rd, Pass Christian, MS 39571
      View Details
    • $368,900

      Land Available in Pass Christian

      Land on Runnymede Road, Pass Christian, MS.
      00 Runnymede Rd, Pass Christian, MS 39571
      View Details
    • $199,500

      Land For Sale

      Land available in Pass Christian, Mississippi.
      124 W Beach Blvd, Pass Christian, MS 39571
      View Details

    Similar Nearby for Lease

    • $3,500 /Mo
      1,900 SF

      Retail Space in Pass Christian

      Retail space available for lease in Pass Christian, MS.
      254 E Second St, Pass Christian, MS 39571
      View Details
    • Contact for pricing

      Prime Retail Space on I-10

      4,569 SF retail space with high I-10 visibility.
      8088 Menge Ave, Pass Christian, MS 39571
      View Details
    • Contact for pricing
      13,600 SF

      Retail Space on Firetower Road

      Retail space available for lease on Firetower Road.
      8292-8294 Firetower Rd, Pass Christian, MS 39571
      View Details
    • $1,200 /Mo
      1,400 SF

      Commercial Space in Diamondhead

      Spacious commercial office space with high visibility and foot traffic.
      16840 Kapalama Dr Lot, Pass Christian, MS 39571
      View Details
    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.
    320 North St
    Pass Christian, MS 39571
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!