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    Property profile & analytics

    Wilfred Seymour Rd Vancleave, MS 39565

    • Commercial real estate
    • 145,055 SF
    • 3.33 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for Wilfred Seymour Rd

    Lot size
    3.33 lot acres
    Property size
    145,055 SF
    Property type
    Commercial real estate

    Description

    This exceptional 3.33-acre property, located at 0 Wilfred Seymour Road in Vancleave, Mississippi, presents a unique investment opportunity. Situated a mere three-minute drive from Exit 50 on Washington Avenue in Ocean Springs, this strategically located parcel offers unparalleled accessibility. The property boasts a total square footage of 145,055, with zoning that strategically blends commercial and residential uses. The front portion, encompassing over half the land, is designated C3 Highway Commercial, ideal for a variety of businesses seeking high visibility and convenient access. The remaining rear portion is zoned A-2 Agriculture Residential, providing flexibility for future development or expansion. Importantly, this property is located outside of any designated flood zone, mitigating risk and enhancing its appeal. An adjacent 3.33-acre lot is also available for purchase, providing the potential to acquire a combined 6.6 acres of contiguous land, significantly increasing development possibilities. This presents a rare chance to secure a substantial land holding in a rapidly growing area with excellent access to major transportation routes. The asking price for this exceptional property is $325,000. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Vancleave
    County
    Jackson
    State
    Mississippi
    Longitude
    -88.8342
    Latitude
    30.4571

    Comparable in this City

    • Value Estimation by Request
      2,800 SF

      12216 Hwy 57

      COMMERCIAL (GENERAL) • 2,800 SF
      12216 Hwy 57, Vancleave, MS 39565-8394
      View Details
    • Value Estimation by Request
      9.62 Acres

      Hwy 57 Hwy

      Land • 9.62 Acres
      0 Hwy 57 Hwy, Vancleave, MS 39565
      View Details
    • Value Estimation by Request
      3.33 Acres

      Wilfred Seymour Rd Lot 020 Rd

      Land • 3.33 Acres
      0 Wilfred Seymour Rd Lot 020 Rd, Vancleave, MS 39565
      View Details
    • Value Estimation
      $2,635,000
      31,380 SF

      11628 Hwy 57

      COMMERCIAL (GENERAL) • 31,380 SF
      11628 Hwy 57, Vancleave, MS 39565-8231
      View Details
    • Value Estimation by Request
      2.30 Acres

      C L Dees Dr

      Land • 2.30 Acres
      0 C L Dees Dr, Vancleave, MS 39565
      View Details
    • Value Estimation by Request
      1.20 Acres

      13995 Sam Seymour Rd

      Land • 1.20 Acres
      13995 Sam Seymour Rd, Vancleave, MS 39565
      View Details

    Similar Nearby for Sale

    • $650,000
      1.20 Acres

      Prime Commercial Land, Ocean Springs

      1.2 Acres, I-10 Access, C-1 Zoning
      13995 Sam Seymour Rd, Vancleave, MS 39565
      View Details
    • $178,200
      268,765 SF

      Prime Hwy 57 Vancleave Land

      6.17 Acres, Bayou Frontage, High Growth
      8317 Highway 57, Vancleave, MS 39565
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    • $178,200
      6 SF

      6.17 Acres C1 Zoned Land

      6.17 acres of C1 zoned land near I-10.
      8317 Vancleave Ave, Ocean Springs, MS 39565
      View Details
    • $3,225,012
      29,277 SF

      Vancleave Storage Facility For Sale

      Well-maintained Class A storage facility with expansion potential.
      11704 Highway 57, Vancleave, MS 39565
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    • $85,000
      3.01 Acres

      Seaman Road Land in Vancleave

      3-acre lot in Vancleave, MS, ideal for building a home.
      Seaman Rd, Vancleave, MS 39565
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    • $300,000
      3.33 Acres

      Land on Heavily Traveled Highway

      3.33 acres on Hwy 57 with road frontage.
      Highway 57, Vancleave, MS 39565
      View Details

    Similar Nearby for Lease

    • $27 SF/Yr
      1,671 SF

      Retail Space in Ocean Springs

      Retail space available for lease in Ocean Springs, MS.
      8230 Tucker Rd, Ocean Springs, MS 39565
      View Details
    • Contact for pricing
      1,389 SF

      Retail Space in Grocery Anchored Center

      Retail space available in a grocery anchored shopping center.
      11628 Highway 57, Vancleave, MS 39565
      View Details
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    Vancleave, MS 39565
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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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