Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    17 Wetzel Dr Biloxi, MS 39532

    Property Lookup

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

    17 Wetzel Dr Biloxi, MS 39532

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

    Current Use by Public Records

    • Land

    Property Details for 17 Wetzel Dr

    Lot size
    1.18 lot acres
    Property type
    Land

    Description

    This exceptional 1.18-acre commercial lot in Biloxi, Mississippi, presents a unique investment opportunity. Located on Wetzel Drive in the Peninsula Subdivision, this cleared lot boasts breathtaking views of the Back Bay of Biloxi and 79 feet of desirable waterfront access on Brasher Bayou. Situated on a hill, the property offers excellent visibility and accessibility. The subdivision features underground utilities, streetlights, and protective covenants, ensuring a well-maintained and attractive environment. Recreational activities abound, including fishing, boating, jet skiing, and water-skiing, all readily available from the property. The convenient location provides easy access to Interstate 10, Biloxi schools, and a wealth of amenities. Within a 10-minute radius, you'll find golfing, tennis courts, shopping centers, diverse dining options, including coastal cuisine, and the excitement of local casinos. The asking price for this remarkable property is $139,000. The lot's size and prime location make it ideal for a variety of commercial ventures. Don't miss this chance to acquire a piece of Biloxi's vibrant waterfront. The property is zoned for commercial use (verification required). The zip code is 39532, and the property is located in Harrison County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Biloxi
    County
    Harrison
    State
    Mississippi
    Longitude
    -88.9439
    Latitude
    30.4262

    Comparable in this City

    • Value Estimation by Request
      0.24 Acres

      6532 St. Martin Ln

      Land • 870 SF
      6532 St. Martin Ln, Biloxi, MS 39532
      View Details
    • Value Estimation by Request
      2.38 Acres

      12 Wetzel Dr

      Land • 2.38 Acres
      12 Wetzel Dr, Biloxi, MS 39532
      View Details
    • Value Estimation by Request
      0.74 Acres

      M And L Rd

      Land • 0.74 Acres
      0 M And L Rd, Biloxi, MS 39532
      View Details
    • Value Estimation by Request
      6.00 Acres

      14712 Big Ridge Rd

      Land • 6.00 Acres
      14712 Big Ridge Rd, Biloxi, MS 39532
      View Details
    • Value Estimation by Request
      0.84 Acres

      13 Wetzel Dr

      Land • 0.84 Acres
      13 Wetzel Dr, Biloxi, MS 39532
      View Details
    • Value Estimation by Request
      0.29 Acres

      15929 Cottonwood Dr

      Land • 0.29 Acres
      15929 Cottonwood Dr, Biloxi, MS 39532
      View Details

    Similar Nearby for Sale

    • $320,000
      Pending

      8+ Acre Land Parcel

      8+ acres of land near I-10 and downtown.
      14209 Big Ridge Rd, Biloxi, MS 39532
      View Details
    • $1,195,000
      6.10 Acres

      Prime Biloxi Land: 6 Acres

      6.1-acre commercial/residential lot, ideal location.
      0 Fry Rd, Biloxi, MS 39532
      View Details
    • Contact for pricing

      20.8 Acres Near I-10

      20.8 acres of land near I-10 and Hwy 63.
      Reece Bergeron Rd, Biloxi, MS 39532
      View Details
    • $189,000
      0.42 Acres

      Waterfront Lot with Boat Slip

      Waterfront lot in Biloxi with private boat slip included.
      32a Savannah Estates Blvd, Biloxi, MS 39532
      View Details
    • $349,900

      Land For Sale

      Land available on Riviera Drive, Biloxi.
      6209 Riviera Dr, Biloxi, MS 39532
      View Details
    • $242,000
      1.10 Acres

      Biloxi River Land Opportunity

      Prime Biloxi River property for dream home or getaway.
      Shorecrest Rd, Biloxi, MS 39532
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Medical Office Space For Rent

      Three-story medical office building with flexible leasing options.
      1720 Medical Park Dr, Biloxi, MS 39532
      View Details
    • Contact for pricing

      Biloxi Medical Office Space Available

      Medical office space for lease near I-10 in Biloxi.
      13155 Shriners Blvd, Biloxi, MS 39532
      View Details
    • Contact for pricing

      Commercial Flex Space For Rent

      Commercial flex space with office and warehouse components available for rent.
      14405 Stenum St, Biloxi, MS 39532
      View Details
    • Contact for pricing
      5,100 SF

      New Office Building on Popps Ferry

      New office building near Popps Ferry and Cedar Lake Road.
      1635 Popps Ferry Rd, Biloxi, MS 39532
      View Details
    • $1,635 /Mo
      1,067 SF

      New Office/Warehouse Suites in Biloxi

      Modern, efficient office/warehouse suites with convenient interstate access.
      14313 Cullen St, Biloxi, MS 39532
      View Details
    • Contact for pricing
      3,762 SF

      Medical Office Building For Lease

      Prime medical office building near I-10 and Cedar Lake Road.
      1759 Medical Park Dr, Biloxi, MS 39532
      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.
    17 Wetzel Dr
    Biloxi, MS 39532
    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!