Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1245 Old Spanish Trl Bay Saint Louis, MS 39520-2239
    Back to Search
    Property profile & analytics

    1245 Old Spanish Trl Bay Saint Louis, MS 39520-2239

    View on Map
    • Strip malls
    • 4,265 SF
    Off-Market
    Property ID
    US50-1669121
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Classic Cuts / Hair Salon / Nail Salon
    • H&H Investigations / Law Firm / Security Service
    • Beauty by Patricia Arroyo / Medical Clinic / Skin Care Clinic
    • Dazzling Dogs / Pet Grooming Service
    • HK Hair Company / Hair Salon

    Property Details for 1245 Old Spanish Trl

    Year built
    1964
    Property size
    4,265 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    137P-1-35-023.000
    APU
    137P135023000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bay Saint Louis
    County
    Hancock
    State
    Mississippi
    Longitude
    -89.3661
    Latitude
    30.3029
    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
    $3,486
    $5,814
    $24,495
    $30,309
    -
    $38,760
    $163,302
    $202,062

    Comparable in this City

    • Value Estimation by Request
      6,248 SF

      108 Bch Blvd

      SHOPPING CENTER, STRIP CENTER • 6,248 SF
      108 Bch Blvd, Bay Saint Louis, MS 39520-4554
      View Details
    • Value Estimation by Request
      8,640 SF

      12085 Hwy 603

      SHOPPING CENTER, STRIP CENTER • 8,640 SF
      12085 Hwy 603, Bay Saint Louis, MS 39520-8743
      View Details
    • Value Estimation by Request
      3,579 SF

      501 Old Spanish Trl

      SHOPPING CENTER, STRIP CENTER • 3,579 SF
      501 Old Spanish Trl, Bay Saint Louis, MS 39520-2515
      View Details
    • Value Estimation by Request
      12,360 SF

      828 Hwy 90

      SHOPPING CENTER, STRIP CENTER • 12,360 SF
      828 Hwy 90, Bay Saint Louis, MS 39520-2721
      View Details
    • Value Estimation by Request
      7,150 SF

      1021 Hwy 90

      SHOPPING CENTER, STRIP CENTER • 7,150 SF
      1021 Hwy 90, Bay St Louis, MS 39520-1524
      View Details
    • Value Estimation by Request
      3,605 SF

      9919 Hwy 603

      SHOPPING CENTER, STRIP CENTER • 3,605 SF
      9919 Hwy 603, Waveland, MS 39520-7060
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,332 SF

      Bay St. Louis Retail/Office Building

      10,000 SF building near Ochsner Medical Center.
      843 Highway 90, Bay Saint Louis, MS 39520
      View Details
    • $2,350,000
      4,413 SF

      Bay St. Louis Commercial Property

      Three-story commercial property in Old Town Bay St. Louis.
      113 S Beach Blvd, Bay Saint Louis, MS 39520
      View Details
    • $850,000
      10,154 SF

      Commercial Building on US Hwy 90

      10,154 sq ft commercial building on 0.74 acres.
      306 S 90, Bay Saint Louis, MS 39520
      View Details
    • $1,800,000
      5,975 SF

      Downtown Bay St. Louis Investment

      Prime commercial asset in thriving downtown district.
      126 Main St, Bay Saint Louis, MS 39520
      View Details
    • $774,500
      2,094 SF

      Mixed-Use Property in Old Town

      Well-appointed commercial property in the heart of Old Town.
      136 Main St, Bay Saint Louis, MS 39520
      View Details
    • $239,575
      87,120 SF

      Commercial Land Near I-10

      Commercial land suitable for gas station, retail, or office.
      00 Highway 603, Bay Saint Louis, MS 39520
      View Details

    Similar Nearby for Lease

    • $5,000 /Mo
      3,600 SF

      Versatile Commercial Space on Highway

      Inviting commercial space suitable for various businesses on high-traffic highway.
      10199 Highway 603, Bay Saint Louis, MS 39520
      View Details
    • $6,500 /Mo
      4,200 SF

      Versatile Commercial Space in Bay

      Historic charm meets modern functionality in vibrant downtown Bay St. Louis.
      125 Court St, Bay Saint Louis, MS 39520
      View Details
    • Contact for pricing

      Bay St. Louis Office Space

      Professional office space in prime location with high visibility.
      624 Highway 90, Bay Saint Louis, MS 39520
      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.
    1245 Old Spanish Trl
    Bay Saint Louis, MS 39520-2239
    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

    Thank You for Inquiry
    1245 Old Spanish Trl, Bay Saint Louis, MS, 39520
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!