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    1525 Bienville Blvd Ocean Springs, MS 39564
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    Property profile & analytics

    1525 Bienville Blvd, Ocean Springs, MS 39564

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    • Lifestyle centers
    • 110,127 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 1525 Bienville Blvd

    Year built
    1962
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Springs Plaza, a 110,127 square foot retail shopping center in Ocean Springs, MS, offers multiple tenancy opportunities. Located at 1525 Bienville Blvd (Bienville Blvd & Vermont Avenue), this 6.5-acre property boasts 19 suites, ranging from 1,500 to 10,401 contiguous square feet. Built in 1962 and extensively renovated in 2017, the center provides ample parking with 311 spaces. The property is anchored by a Winn-Dixie grocery store, recently updated with extensive interior and exterior renovations, making it a flagship location. This prime location in the heart of Ocean Springs offers excellent visibility and high foot traffic, making it an attractive option for businesses seeking a grocery-anchored retail environment. The property is zoned C-3 Highway Commercial District (APN: 61265011.000) and presents a unique opportunity for businesses seeking a well-established and highly visible location in a thriving Mississippi coastal community. Seven spaces are currently available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ocean Springs
    County
    Jackson
    State
    Mississippi
    Longitude
    -88.8174
    Latitude
    30.4164

    Comparable in this City

    • Value Estimation by Request
      122,918 SF

      2200 Bienville Blvd

      Lifestyle centers
      2200 Bienville Blvd, Ocean Springs, MS 39564
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    • Value Estimation
      $635,000
      6,048 SF

      630 Washington Ave

      DEPARTMENT STORE
      630 Washington Ave, Ocean Springs, MS 39564-4634
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    • Value Estimation by Request
      3,348 SF

      613 1st Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      613 1st Ave, Ocean Springs, MS 39564-3708
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    • Value Estimation by Request
      2,100 SF

      428 Porter Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      428 Porter Ave, Ocean Springs, MS 39564-3716
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    • Value Estimation by Request
      1,919 SF

      1101 Government St

      DEPARTMENT STORE
      1101 Government St, Ocean Springs, MS 39564-3817
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    • Value Estimation by Request
      3,000 SF

      2211 Government St

      DEPARTMENT STORE
      2211 Government St, Ocean Springs, MS 39564-3957
      View Details

    Similar Nearby for Sale

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      4,400 SF

      Downtown Ocean Springs Restaurant Opportunity

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    • $1,350,000
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      Ocean Springs Retail Opportunity

      Three parcels with a 6,000 SF building for sale.
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    • $784,000
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      Historic Commercial Structure in Ocean Springs

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      55,321 SF

      Commercial Lot with Retail Store

      1.27-acre commercial lot with retail and storage units.
      4025 Bienville Blvd, Ocean Springs, MS 39564
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    • $395,000
      0.12 Acres

      Prime Highway 90 Commercial Opportunity

      High-visibility commercial property in Ocean Springs' dynamic corridor.
      1807 School St, Ocean Springs, MS 39564
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      3,000 SF

      Ocean Springs Build to Suit

      Build-to-suit opportunity near Highway 90 and Ocean Springs Hospital.
      3082 Bienville Blvd, Ocean Springs, MS 39564
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    Similar Nearby for Lease

    • $1,500 /Mo
      1,284 SF

      Retail Space in Ocean Springs

      Retail space available in a busy Ocean Springs location.
      3827 Bienville Blvd, Ocean Springs, MS 39564
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    • Contact for pricing
      1,392 SF

      Retail Space in Walmart Shadow

      Retail space available in Walmart shadow center with high traffic.
      3907 Bienville Blvd, Ocean Springs, MS 39564
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    • Contact for pricing
      14,137 SF

      Dynamic Shopping Center on Highway

      Well-kept shopping center with high visibility and ample parking.
      2200-2226 Bienville Blvd, Ocean Springs, MS 39564
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    • Contact for pricing
      2,500 SF

      Retail/Office Space Near Walmart

      Highly visible retail or office space in Ocean Springs, MS.
      A-111 Industrial Park Cir, Ocean Springs, MS 39564
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    • $1,500 /Mo

      Retail Space For Rent

      Retail space available in shopping center behind Whataburger.
      3827 Bienville Blvd, Ocean Springs, MS 39564
      View Details
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    Ocean Springs, MS 39564
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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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    1525 Bienville Blvd, Ocean Springs, MS, 39564
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