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    5364 Hwy 604 Hwy Pearlington, MS 39572

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    5364 Hwy 604 Hwy Pearlington, MS 39572

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    • Commercial real estate
    • 7,763 SF
    • 0.99 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 5364 Hwy 604 Hwy

    Year built
    2011
    Lot size
    0.99 lot acres
    Property size
    7,763 SF
    Property type
    Commercial real estate

    Description

    This exceptional 7,763 square foot commercial building sits on a nearly one-acre lot (0.99 acres) measuring approximately 180 feet by 240 feet in Pearlington, Mississippi. Currently configured as a combined grocery/convenience store and full-service restaurant, this turnkey property offers immense potential. The layout includes two public restrooms, a private office restroom, a dedicated beer cave, multiple beverage coolers, a fully equipped commercial kitchen featuring a Master-Built walk-in refrigerator/freezer, Master-Built 8-door and 5-door beverage coolers, three 50-pound commercial deep fryers, a Vulcan four-burner gas range with standard oven, a 36-inch Star Max gas griddle, a Vulcan pizza oven, an 11-foot stainless steel captive aire hood with fire suppression system, and ample stainless steel prep tables and sinks. The restaurant area boasts a large open dining space, a bar area, and attractive wooden reflective ceilings. Office and storage space are also included. The seller is offering contract for deed financing. A significant advantage is the absence of any active gas stations in Pearlington, presenting a unique opportunity for expansion. The property is adaptable to various business ventures, making it an attractive investment. The sale includes all listed kitchen equipment. Priced at $850,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pearlington
    County
    Hancock
    State
    Mississippi
    Longitude
    -89.6126
    Latitude
    30.2499

    Comparable in this City

    • Value Estimation
      $1,095,000
      38,709 SF

      5289 Hwy 604

      COMMERCIAL (GENERAL) • 38,709 SF
      5289 Hwy 604, Pearlington, MS 39572-7505
      View Details
    • Value Estimation by Request
      1,450 SF

      16481 Hwy 90

      OFFICE BUILDING • 1,450 SF
      16481 Hwy 90, Pearlington, MS 39572-7500
      View Details
    • Value Estimation by Request
      3,000 SF

      16191 Hwy 90

      PROFESSIONAL BUILDING • 3,000 SF
      16191 Hwy 90, Pearlington, MS 39572-7588
      View Details
    • Value Estimation by Request
      584 SF

      15030 Hwy 90

      STORE, RETAIL OUTLET • 584 SF
      15030 Hwy 90, Pearlington, MS 39572-7624
      View Details
    • Value Estimation by Request
      2,100 SF

      5739 7th Ave

      GARDEN APT, COURT APT (5+ UNITS) • 2,100 SF
      5739 7th Ave, Pearlington, MS 39572
      View Details
    • Value Estimation by Request
      2,400 SF

      Washington St

      WAREHOUSE, STORAGE • 2,400 SF
      Washington St, Pearlington, MS 39572
      View Details

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    Pearlington, MS 39572
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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.

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