Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Crane St Bay St. Louis, MS 39520

    • Land
    • 0.80 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Crane St

    Lot size
    0.80 lot acres
    Property type
    Land

    Description

    This exceptional 0.8-acre commercial land parcel presents a unique investment opportunity in the thriving Bay St. Louis, Mississippi market. Located on Crane Street in Hancock County, zip code 39520, this property offers significant potential for various commercial ventures. The asking price is $25,000, translating to a land value of $31,250 per acre. The property's convenient location provides easy access to local amenities and transportation routes, making it an attractive site for businesses seeking high visibility and accessibility. With its generous 0.8-acre size, this lot offers ample space for development, allowing for flexibility in design and construction plans. The listed price per square foot is $0.72. This property is zoned for commercial use and is ready for immediate development. Detailed site plans and zoning information are available upon request. Don't miss this chance to acquire a prime piece of commercial real estate in a rapidly growing Mississippi coastal community. Act quickly, as opportunities like this are rare. The property is situated at the coordinates 30.3076506 latitude and -89.4179865 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bay St. Louis
    County
    Hancock
    State
    Mississippi
    Longitude
    -89.418
    Latitude
    30.3077

    Comparable in this City

    • Value Estimation by Request
      2.08 Acres

      2 Acres Hwy

      Land • 90,604 SF
      2 Acres Hwy, Bay St. Louis, MS 39520
      View Details
    • Value Estimation by Request
      0.14 Acres

      152 Burnett St

      Land • 0.14 Acres
      152 Burnett St, Bay St. Louis, MS 39520
      View Details
    • Value Estimation by Request
      3.97 Acres

      2319 Kiln Waveland Cutoff Rd

      Land • 3.97 Acres
      2319 Kiln Waveland Cutoff Rd, Shoreline Park, MS 39520
      View Details
    • Value Estimation by Request
      25.00 Acres

      25 Acres Hwy

      Land • 25.00 Acres
      25 Acres Hwy, Bay St. Louis, MS 39520
      View Details
    • Value Estimation by Request
      0.73 Acres

      Grn St

      Land • 0.73 Acres
      0 Grn St, Shoreline Park, MS 39520
      View Details
    • Value Estimation by Request

      104 Court St

      Land
      104 Court St, Bay St. Louis, MS 39520
      View Details

    Similar Nearby for Sale

    • $189,900
      0.47 Acres

      Prime Bay St. Louis Commercial Land

      0.47-acre waterfront lot, C4 zoning.
      5233 Lakeshore Rd, Bay St. Louis, MS 39520
      View Details
    • $65,000
      0.25 Acres

      Prime Waterfront Commercial Land

      0.25-acre lot, Bay St. Louis, MS
      42 Atlantis Dr, Bay St. Louis, MS 39520
      View Details
    • Contact for pricing
      0.43 Acres

      Bay St. Louis Commercial Land

      Prime 0.43-acre commercial lot.
      0 4Th St, Bay St. Louis, MS 39520
      View Details
    • $69,000
      0.61 Acres

      Hwy 603 Commercial Land Opportunity

      High-traffic redevelopment land, 0.61 acres.
      10623 Highway 603, Bay St. Louis, MS 39520
      View Details
    • $50,000
      0.50 Acres

      Prime Waterfront Commercial Land

      0.5-acre lot, $50k, Bay St. Louis
      6046 1 St, Shoreline Park, MS 39520
      View Details
    • Contact for pricing
      0.23 Acres

      Bay St. Louis Commercial Land

      Two wooded lots, prime location.
      Lots 19&20 Adams St, Bay St. Louis, MS 39520
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      2,400 SF

      Highway 90 Retail Space

      Prime Bay St. Louis Retail Opportunity
      828 A B, Bay St. Louis, MS 39520
      View Details
    • $12 SF/Yr
      2,400 SF

      Highway 90 Retail Opportunity

      Prime Bay St. Louis Retail Space Available
      828 Highway 90, Bay St. Louis, MS 39520
      View Details
    • $10 SF/Yr
      2,400 SF

      Prime Bay St. Louis Retail Space

      Highway 90 Retail Center - 2400 SF
      828 H I, Bay St. Louis, MS 39520
      View Details
    • $20 SF/Yr
      1,400 SF

      Bay St. Louis Office Space

      Professional office space in prime location with high visibility.
      624 Highway 90, Bay Saint Louis, MS 39520
      View Details
    • $5,000 /Mo
      3,600 SF

      Versatile Commercial Space on Highway

      Inviting commercial space suitable for various businesses on high-traffic highway.
      10199 Highway 603, Bay Saint Louis, MS 39520
      View Details
    • $6,500 /Mo
      4,200 SF

      Versatile Commercial Space in Bay

      Historic charm meets modern functionality in vibrant downtown Bay St. Louis.
      125 Court St, Bay Saint Louis, MS 39520
      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.
    Crane St
    Bay St. Louis, MS 39520
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.