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

    11516 Lamey Bridge Rd Diberville, MS 39540

    • Strip malls
    • 26,869 SF
    • 3.70 lot acres
    For Lease
    View listing
    $18 SF/Yr
    Last Sale
    Aug 10, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0032528
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Adkins Jerry R MD / Pediatrician / Physician
    • Ashley 's Juice &Salad Bar / Restaurant
    • Custom Fit Personal Training / Training Center
    • Harrison Finance Co / Loan Service
    • World Finance / Loan Service

    Property Details for 11516 Lamey Bridge Rd

    Year built
    2007
    Lot size
    3.70 lot acres
    Property size
    26,869 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    1408K-01-001.002
    APU
    1408K01001002

    Description

    This exceptional single-tenant retail property, located at 11516 Lamey Bridge Road in D'Iberville, Mississippi, presents a unique investment opportunity. Situated on a sizable 3.7-acre lot, the property boasts a 2007-built, single-story building with a total of one suite. The building's zoning is C-3, allowing for a variety of commercial uses. The property's location within the vibrant Lakeview Village offers excellent visibility and accessibility, surrounded by a thriving mix of national and local retailers, restaurants, and banking institutions. Its proximity to the prominent "The Promenade" shopping center, anchored by major retailers such as Target, Dick's Sporting Goods, Ashley HomeStore, and Hobby Lobby, ensures high foot traffic and strong consumer demographics. The suite size ranges from 1,400 to 2,000 square feet, providing ample space for a variety of businesses. The property's APN is 1408k-01-001.002, and it is located in Harrison County, Mississippi, with a zip code of 39540. This is an ideal location for businesses seeking high visibility and access to a dense consumer base in a rapidly growing area. The property offers significant potential for growth and return on investment. Contact us today to learn more about this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Diberville
    County
    Harrison
    State
    Mississippi
    Longitude
    -88.8911
    Latitude
    30.4564
    CBSA code
    25060
    CBSA name
    GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $34,958
    $0.00
    $0.00
    $306,219
    -
    $821,977
    $1,219,481
    $2,041,458

    Comparable in this City

    • Value Estimation by Request
      3,045 SF

      10170 Central Ave

      SHOPPING CENTER, STRIP CENTER • 3,045 SF
      10170 Central Ave, Diberville, MS 39540-4950
      View Details
    • Value Estimation by Request
      6,435 SF

      10241 Boney Ave

      SHOPPING CENTER, STRIP CENTER • 6,435 SF
      10241 Boney Ave, Diberville, MS 39540-4889
      View Details
    • Value Estimation by Request
      5,112 SF

      10317 Boney Ave

      SHOPPING CENTER, STRIP CENTER • 5,112 SF
      10317 Boney Ave, Diberville, MS 39540-4888
      View Details
    • Value Estimation by Request
      11,019 SF

      4494 Popps Fry Rd

      SHOPPING CENTER, STRIP CENTER • 11,019 SF
      4494 Popps Fry Rd, Diberville, MS 39540-2302
      View Details
    • Value Estimation by Request
      9,120 SF

      10090 Central Ave

      SHOPPING CENTER, STRIP CENTER • 9,120 SF
      10090 Central Ave, Diberville, MS 39540-5323
      View Details
    • Value Estimation by Request
      4,814 SF

      4020 Popps Fry Rd

      SHOPPING CENTER, STRIP CENTER • 4,814 SF
      4020 Popps Fry Rd, Diberville, MS 39540-2303
      View Details

    Similar Nearby for Sale

    • $14,000,000
      65,839 SF

      Lakeview Village Retail Center

      65,839 SF Retail Center, 100% Leased
      3586 - 3516 Sangani Blvd, Diberville, MS 39540
      View Details
    • $649,000

      Prime Commercial Land Opportunity

      0.91 acres of commercially zoned land at major intersection.
      11128 Lamey Bridge Rd, Diberville, MS 39540
      View Details
    • $400,000

      Versatile Commercial Property Near Promenade

      Prime commercial property with high visibility and development potential.
      3249 Georgette Ln, Diberville, MS 39540
      View Details
    • $1,202,256
      2.30 Acres

      Prime D'Iberville Commercial Land

      2.3 Acres, High Visibility, $1.2M
      0 Old Highway 67, D'Iberville, MS 39540
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    • $899,000
      1,792 SF

      Versatile Property in Old D'Iberville

      Commercial and residential potential near Scarlet Pearl Casino.
      9498 Central Ave, Diberville, MS 39540
      View Details
    • $649,000

      Prime Commercial Land Opportunity

      Commercially zoned land with high visibility and multiple business opportunities.
      11128 Lamey Bridge Rd, Diberville, MS 39540
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Near Scarlet Pearl

      Prime retail location with high visibility and convenient access.
      10511 D'iberville Blvd, Diberville, MS 39540
      View Details
    • Contact for pricing
      32,600 SF

      D'Iberville Medical Office Space

      1,400 SF Medical Office Suite Available
      3661 Sangani Blvd, D'Iberville, MS 39540
      View Details
    • $30 SF/Yr
      1,138 SF

      Promenade Retail Space Available

      Prime retail opportunity in a high-traffic shopping destination.
      3920 Promenade Pkwy, Diberville, MS 39540
      View Details
    • Contact for pricing

      D'Iberville Pad Site Available

      Pad site available for ground lease in D'Iberville, MS.
      3901 Promenade Pkwy, Diberville, MS 39540
      View Details
    • $8 SF/Yr
      7,360 SF

      Barnett Plaza Retail Space Available

      Prime Diberville retail space, 7,360 sq ft.
      10598 Diberville Blvd, Diberville, MS 39540
      View Details
    • $15 SF/Yr
      2,700 SF

      Retail Space in Lakeview Village

      Retail space available in a master-planned regional retail development.
      3586-3516 Sangani Blvd, Diberville, MS 39540
      View Details
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    Diberville, MS 39540
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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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