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    127 Coleman Ave Waveland, MS 39576
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    Property profile & analytics

    127 Coleman Ave Waveland, MS 39576

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    • Commercial real estate
    • 0.49 lot acres
    Off-Market
    Property ID
    US50-1535313
    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

    • Commercial real estate

    Property Details for 127 Coleman Ave

    Lot size
    0.49 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.49-acre commercial land parcel presents a unique investment opportunity in Waveland, Mississippi. Located at 127 Coleman Ave, this property boasts a highly desirable location approximately one block from the beach, ensuring high visibility and foot traffic. The bustling area features nearby amenities such as the city courthouse and library, contributing to consistent activity throughout the year. The property's proximity to the shoreline offers stunning gulf views, creating an attractive environment for a variety of businesses. Its versatility makes it suitable for a wide range of commercial uses, including retail establishments, restaurants, bars, hospitality ventures, or office spaces. Entrepreneurs seeking a prime location to establish their business will find this property particularly appealing. The asking price for this exceptional piece of commercial real estate is $250,000. The lot size is 0.49 acres, providing ample space for development. This is a rare opportunity to acquire a highly visible and strategically located commercial property in a thriving coastal community. The property's address is 127 Coleman Ave, Waveland, MS 39576.

    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
    Waveland
    County
    Hancock
    State
    Mississippi
    Longitude
    -89.371138
    Latitude
    30.283543

    Comparable in this City

    • $95,000
      0.62 Acres

      Coastal Homesite Near Beach

      0.62-acre homesite one block from the beach.
      Tbd St Joseph, Waveland, MS 39576
      View Details
    • $75,000
      0.60 Acres

      Cleared Lots Near Beach

      Two cleared lots near the beach and city park.
      S Central Ave, Waveland, MS 39576
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    • $37,500
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      Waveland, MS Residential Development Lot

      0.7-acre lot in growing Gulf Coast market near amenities.
      3 Hogan St, Waveland, MS 39576
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    • $39,000
      0.49 Acres

      Waveland, MS Corner Lot

      Large corner lot near shopping, entertainment, and Hwy 90.
      Carroll St, Waveland, MS 39576
      View Details
    • $240,000
      0.18 Acres

      Residential Land Near Beach Blvd

      Land for residential development with Gulf views near Beach Blvd.
      117 Vacation Ln, Waveland, MS 39576
      View Details
    • Contact for pricing
      0.15 Acres

      Cleared Corner Lot in Waveland

      Cleared corner lot near the beach in upcoming neighborhood.
      Nsn Combel/Pompano St, Waveland, MS 39576
      View Details

    Similar Nearby for Sale

    • $95,000
      0.62 Acres

      Coastal Homesite Near Beach

      0.62-acre homesite one block from the beach.
      Tbd St Joseph, Waveland, MS 39576
      View Details
    • $37,500
      0.70 Acres

      Waveland, MS Residential Land

      0.7-acre lot in Waveland near shopping and Gulf Coast.
      2 Hogan St, Waveland, MS 39576
      View Details
    • $75,000
      0.60 Acres

      Cleared Lots Near Beach

      Two cleared lots near the beach and city park.
      S Central Ave, Waveland, MS 39576
      View Details
    • $39,000
      0.49 Acres

      Waveland, MS Corner Lot

      Large corner lot near shopping, entertainment, and Hwy 90.
      Carroll St, Waveland, MS 39576
      View Details
    • $240,000
      0.18 Acres

      Residential Land Near Beach Blvd

      Land for residential development with Gulf views near Beach Blvd.
      117 Vacation Ln, Waveland, MS 39576
      View Details
    • Contact for pricing
      0.15 Acres

      Cleared Corner Lot in Waveland

      Cleared corner lot near the beach in upcoming neighborhood.
      Nsn Combel/Pompano St, Waveland, MS 39576
      View Details

    Similar Nearby for Lease

    • 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
    • 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
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    127 Coleman Ave
    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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