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    90 And Ms Hwy 43 & 344 Hwy Waveland, MS 39576

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    90 And Ms Hwy 43 & 344 Hwy Waveland, MS 39576

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    • Neighborhood centers
    • 136,550 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 90 And Ms Hwy 43 & 344 Hwy

    Property size
    136,550 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    Choctaw Plaza presents a prime retail opportunity in Waveland, Mississippi. This 136,550 square foot strip center is strategically located at the highly trafficked intersection of US Highway 90 and MS Highway 43 & 603, ensuring exceptional visibility and convenient access. The property boasts a single-story building on a 13.375-acre lot, offering ample space for a variety of retail uses. Currently, 34,050 square feet of space is available, representing a significant opportunity for expansion or relocation. The available space is an end-cap unit, previously occupied by Grand Furniture, providing excellent street frontage and high visibility. The property features 850 parking spaces, ensuring convenient customer parking. The C-1 zoning allows for a wide range of retail uses. The property's location in Waveland, Hancock County, MS (zip code 39576) places it within a thriving retail market, making it an ideal location for businesses seeking growth and high traffic exposure. The property's APN is 138J-2-34-009.000. This is a rare opportunity to acquire a well-positioned retail space in a high-demand area.

    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
    -89.3773
    Latitude
    30.3073

    Comparable in this City

    • Value Estimation
      $745,000
      26,172 SF

      407 Hwy 90

      SHOPPING CENTER, STRIP CENTER • 26,172 SF
      407 Hwy 90, Waveland, MS 39576-2507
      View Details
    • Value Estimation by Request
      3,788 SF

      223 Hwy 90

      SHOPPING CENTER, STRIP CENTER • 3,788 SF
      223 Hwy 90, Waveland, MS 39576-2663
      View Details
    • Value Estimation by Request
      4,722 SF

      301 Hwy 90

      SHOPPING CENTER, STRIP CENTER • 4,722 SF
      301 Hwy 90, Waveland, MS 39576-2633
      View Details
    • Value Estimation by Request
      7,848 SF

      714 Hwy 90

      SHOPPING CENTER, STRIP CENTER • 7,848 SF
      714 Hwy 90, Waveland, MS 39576-2410
      View Details
    • Value Estimation by Request
      13,720 SF

      315 Hwy 90

      SHOPPING CENTER, STRIP CENTER • 13,720 SF
      315 Hwy 90, Waveland, MS 39576-2624
      View Details
    • Value Estimation by Request
      5,362 SF

      210 Hwy 90

      SHOPPING CENTER, STRIP CENTER • 5,362 SF
      210 Hwy 90, Waveland, MS 39576-2680
      View Details

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      Waveland Commercial Site For Sale

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      Adaptable Commercial Property, Waveland, MS

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      Highway 90 Investment Opportunity

      Office building with mini storage units on Highway 90.
      623 Highway 90, Waveland, MS 39576
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    • $1,799,999
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      Turnkey Restaurant and Commercial Space

      Two commercial properties with restaurant and flexible space in Waveland.
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    Similar Nearby for Lease

    • 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
    • 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
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    90 And Ms Hwy 43 & 344 Hwy
    Waveland, MS 39576
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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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