Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    117 Vacation Ln Waveland, MS 39576

    Property Lookup

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

    117 Vacation Ln Waveland, MS 39576

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

    Current Use by Public Records

    • Land

    Property Details for 117 Vacation Ln

    Lot size
    0.18 lot acres
    Property type
    Land

    Description

    This exceptional 0.18-acre commercial land parcel presents a unique investment opportunity in the desirable Waveland, Mississippi area. Located at 117 Vacation Lane, this property offers convenient access, situated just a short distance from Beach Boulevard. The asking price is $275,000. The land is designated for commercial use, providing a blank canvas for a variety of development possibilities. Its prime location offers excellent visibility and accessibility, making it ideal for businesses seeking a high-traffic area. The property's relatively small size makes it suitable for smaller-scale commercial projects, such as a boutique shop, office space, or a small-scale commercial building. Utilities are available, though specific connections and costs would need to be verified independently. The address is 117 Vacation Ln, Waveland, MS 39576, within Hancock County. This property is zoned for commercial use, allowing for a diverse range of potential developments. Given its proximity to Beach Boulevard, this land offers significant potential for high returns on investment. Serious inquiries are encouraged to explore the possibilities of this exceptional commercial land opportunity. The property's location offers a blend of convenience and visibility, making it an attractive option for entrepreneurs and investors alike. This is a rare opportunity to acquire a well-situated commercial lot in a thriving Mississippi coastal community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Waveland
    County
    Hancock
    State
    Mississippi
    Longitude
    -89.3753
    Latitude
    30.2772

    Comparable in this City

    • Value Estimation by Request
      0.40 Acres

      26 Terrace Ave

      Land • 0.40 Acres
      26 Terrace Ave, Waveland, MS 39576
      View Details
    • Value Estimation by Request
      0.42 Acres

      306 Favre St

      Land • 0.42 Acres
      306 Favre St, Waveland, MS 39576
      View Details
    • Value Estimation by Request
      0.18 Acres

      222 Hillcrest St

      Land • 0.18 Acres
      222 Hillcrest St, Waveland, MS 39576
      View Details
    • Value Estimation by Request
      2.00 Acres

      90 Us Hwy

      Land • 2.00 Acres
      90 Us Hwy, Waveland, MS 39576
      View Details
    • Value Estimation by Request
      1.60 Acres

      Us-90

      Land • 1.60 Acres
      0 Us-90, Waveland, MS 39576
      View Details
    • Value Estimation by Request
      0.19 Acres

      Art St

      Land • 0.19 Acres
      0 Art St, Waveland, MS 39576
      View Details

    Similar Nearby for Sale

    • New
      Contact for pricing
      0.13 Acres

      Vacant Wooded Lot Near Bayou

      Small lot near bayous, ideal for private getaway.
      53 Harding St, Waveland, MS 39576
      View Details
    • $149,000
      3.60 Acres

      Land Near Gulf Coast Beaches

      3.65 acres of subdivided land near Waveland beaches.
      Hogan St, Waveland, MS 39576
      View Details
    • New
      Contact for pricing
      0.11 Acres

      Unimproved Lot in Waveland

      Unimproved land lot close to HWY 90 in Waveland.
      Ontario St, Waveland, MS 39576
      View Details
    • $99,900
      33,105 SF

      Land For Sale

      Land available for sale.
      2225 Kiln Waveland Cutoff Rd, Waveland, MS 39576
      View Details
    • $69,000
      0.30 Acres

      Land in Waveland, Mississippi

      Land available in Waveland, MS.
      222 Terrace Ave, Waveland, MS 39576
      View Details
    • $139,000
      Pending

      Waveland Land Near Beach

      3.4 acres of land close to the beach.
      East St, Waveland, MS 39576
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail and Office Space Available

      Retail and office units in high-traffic Waveland location.
      407 Us-90, Waveland, MS 39576
      View Details
    • Contact for pricing

      Retail Space at Choctaw Plaza

      Retail space with high visibility and convenient access.
      320 Us-90, Waveland, MS 39576
      View Details
    • Contact for pricing
      17,050 SF

      Retail Space in Choctaw Plaza

      Retail space available in a vibrant, high-traffic location.
      320 Highway 90, Waveland, MS 39576
      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.
    117 Vacation Ln
    Waveland, MS 39576
    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!