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    Property profile & analytics

    11579 Lorraine Rd Gulfport, MS 39507

    • Commercial real estate
    • 8.70 lot acres
    For Sale
    View listing
    $1,420,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0038677
    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

    • Commercial real estate

    Property Details for 11579 Lorraine Rd

    Lot size
    8.70 lot acres
    Property type
    Commercial real estate
    APN
    1008k-01-004.000

    Description

    This exceptional 8.7-acre commercial land parcel presents a remarkable investment opportunity in the thriving Gulfport, Mississippi market. Strategically located in the Northeast quadrant of Highway 605 and John Ross Road, this property enjoys high visibility and convenient access to major transportation arteries, including Interstate 10. The site is zoned for Highway Commercial District use, opening doors to a wide range of development possibilities, including hotels, multifamily residential projects, and service stations. Its adjacency to the Gulfport Highlands Development further enhances its potential for significant appreciation. A key advantage is the presence of a gas line already on the property, simplifying infrastructure development. The property's APN is 1008k-01-004.000, and its address is 11579 Lorraine Road, Gulfport, MS 39507. The asking price for this exceptional parcel is $1,950,000. All information should be independently verified by the buyer.

    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
    Gulfport
    County
    Harrison
    State
    Mississippi
    Longitude
    -89.0322699
    Latitude
    30.3918615

    Comparable in this City

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    • $150,000

      Land Near Gulfport Downtown

      Land with potential for development near beach and restaurants.
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    • $739,000

      Prime Land on Cowan Road

      Two 1.22 acre parcels available for commercial development.
      Cowan Rd, Gulfport, MS 39507
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    Similar Nearby for Sale

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      Gulfport Beachfront Commercial Land

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    • $429,900
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      Gulfport Land Investment Opportunity

      2.67 acres near beaches, ideal for development.
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    • $199,900

      Prime Gulfport Acreage For Sale

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      Gulfport Commercial Land - MS-53

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      Gulfport Commercial Land & Buildings

      Prime Gulfport location, 4.3 acres, two buildings.
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      Gulfport Beachfront Commercial Land

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    Similar Nearby for Lease

    • $7,500 /Mo

      Prime Land on Cowan Road

      0.64-acre commercial land with high visibility on Cowan Road.
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    • Contact for pricing

      Gulfport Executive Office Suite

      812 sq ft Legacy Towers Office Space
      2228 Beach Dr 2, Gulfport, MS 39507
      View Details
    • $7 SF/Yr
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      Gulfport Retail & Warehouse Space

      Prime Gulfport location, multiple suites available.
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    • $1.75 SF/Yr
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      Gulfport Beachfront Land Lease

      Prime Gulfport development opportunity. Beachfront, high traffic.
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    • $2,300 /Mo
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      Gulfport Commercial Space For Rent

      Commercial space with excellent visibility and flexible layout in Gulfport.
      507 Pass Rd, Gulfport, MS 39507
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    • $900 /Mo
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      Gulfport Commercial Space For Rent

      Commercial space in a desirable Gulfport location, near the coast.
      318 Courthouse Rd, Gulfport, MS 39507
      View Details
    Request Owner's contact information
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    11579 Lorraine Rd
    Gulfport, MS 39507
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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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