Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6 Shoreline Park Richton, MS 39476

    Property Lookup

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

    6 Shoreline Park Richton, MS 39476

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

    Current Use by Public Records

    • Land

    Property Details for 6 Shoreline Park

    Property type
    Land

    Description

    This exceptional 0-acre lot, identified as Lot 6 in the desirable Shoreline Park community of Waveland, Mississippi, presents a unique investment opportunity. Located at 31.3952297, -88.90306, this property offers a blank canvas for your dream home or a lucrative development project. The asking price is $66,500, making it an attractive entry point into the Waveland real estate market. Situated in Shoreline Park, this lot benefits from the community's amenities and convenient location. The address is Lot 6 Shoreline Park, Waveland, MS 39476. Given its prime location and affordability, this lot is expected to attract significant interest from both individual buyers and investors seeking a piece of Mississippi's coastal charm. The property is zoned for residential use, allowing for the construction of a single-family dwelling. Buyers are encouraged to conduct their own due diligence regarding zoning regulations and building codes. This is a rare opportunity to acquire a buildable lot in a sought-after coastal community. Don't miss out on this chance to create your ideal coastal lifestyle or add a valuable asset to your investment portfolio. Act quickly, as properties like this are in high demand.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Richton
    County
    Greene
    State
    Mississippi
    Longitude
    -88.9031
    Latitude
    31.3952

    Comparable in this City

    • Value Estimation by Request
      539.46 Acres

      Dykes Chapel Rd

      Farms • 539.46 Acres
      0 Dykes Chapel Rd, Richton, MS 39476
      View Details
    • Value Estimation by Request
      240.00 Acres

      Tract Buck Creek Rd

      Agricultural land / Farmland • 240.00 Acres
      Tract Buck Creek Rd, New Augusta, MS 39476
      View Details
    • Value Estimation by Request
      172.00 Acres

      34 Freeman Town Rd

      Land • 172.00 Acres
      34 Freeman Town Rd, Richton, MS 39476
      View Details
    • Value Estimation by Request
      7.10 Acres

      Hancock Rd

      MINING, MINERAL, QUARRIES • 7.10 Acres
      Hancock Rd, Richton, MS 39476
      View Details
    • Value Estimation by Request
      19.99 Acres

      Whitfield Rd

      MINING, MINERAL, QUARRIES • 19.99 Acres
      Whitfield Rd, Richton, MS 39476
      View Details
    • Value Estimation by Request
      1.00 Acre

      Richton, MS 39476

      RETAIL STORES (PERSONAL SERVICES) • 1.00 Acre
      Richton, MS 39476
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Richton Land with Homestead

      5.96 acre parcel with old homestead in Richton.
      Parcel A Hwy 42, Richton, MS 39476
      View Details
    • $91,900
      22.00 Acres

      Vacant Land Ideal Homesite

      Affordable acreage near Hattiesburg, MS, suitable for homesite or recreation.
      Pearce Dr, Richton, MS 39476
      View Details
    • Contact for pricing
      2.60 Acres

      Richton Land for Residential Use

      2.6 acres of land suitable for building or mobile homes.
      2.6 Mol Ac Nicholson Rd, Richton, MS 39476
      View Details
    • $72,000
      Pending

      Richton, MS Wooded Acreage

      25.992 +/- acres of wooded land suitable for farming.
      Parcel B Hwy 42, Richton, MS 39476
      View Details
    • $180,000
      38.00 Acres

      Richton Land with Utilities Access

      38-acre Richton land with utilities, ideal for residence/farm.
      38 Ac +/- Indian Hl Rd, Richton, MS 39476
      View Details
    • $80,000
      40.00 Acres

      Richton, MS Unimproved Land

      40 acre parcel in Wayne County, MS for sale.
      - -, Richton, MS 39476
      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.
    6 Shoreline Park
    Richton, MS 39476
    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!