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    3249 Georgette Ln Diberville, MS 39540
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    3249 Georgette Ln Diberville, MS 39540

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    • Commercial real estate
    • 1,230 SF
    For Sale
    $400,000
    View Listing →
    Versatile Commercial Property Near Promenade For Sale
    $400,000
    0.27 Acres

    Versatile Commercial Property Near Promenade

    Prime commercial property with high visibility and development potential.

    Diberville, MS 39540
    View Listing
    Property ID
    US50-0253045
    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 3249 Georgette Ln

    Property size
    1,230 SF
    Property type
    Commercial real estate

    Description

    Commercial Sale, D'Iberville, MS Discover the potential of this Prime commercial property currently set up for residential space and ready for you to develop it accordingly to your vision. Brother you are looking to create an office,retail space, or other commercial venture. This property offers unmatched versatility and potential currently located just south of the bustling Promenade, ensuring high visibility and easy access for customers and clients five minuets from the casinos . Close to everything with less road traffic perfect for your office.

    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
    Diberville
    County
    Harrison
    State
    Mississippi
    Longitude
    -88.890229
    Latitude
    30.453144

    Comparable in this City

    • Contact for pricing

      Commercial Land on Popp's Ferry

      Almost an acre of commercially zoned land in d'Iberville.
      4361 Popps Ferry Rd, Diberville, MS 39540
      View Details
    • Contact for pricing
      14,932 SF

      Prime Commercial Lot on I-10

      C3-zoned commercial lot with high visibility and utilities on site.
      3164 Georgette Ln, Diberville, MS 39540
      View Details
    • $47,500
      1.20 Acres

      Waterfront Land in D'Iberville, MS

      1.2-acre waterfront lot with creek access and water views.
      15407 Old Highway 15, Diberville, MS 39540
      View Details
    • $80,000
      0.68 Acres

      D'Iberville Land Development Opportunity

      Vacant land parcel in D'Iberville's French Market District.
      3209 Quave Rd, Diberville, MS 39540
      View Details
    • $125,000
      0.22 Acres

      D'Iberville Commercial Lot For Sale

      Prime commercial lot in high-traffic D'Iberville location near I-10.
      10034 Central Ave, Diberville, MS 39540
      View Details
    • $1,950,000
      2.20 Acres

      Prime Land Near I-10 Off-Ramp

      2.2 acres with high visibility and traffic volume.
      11362 Clinton Ln, Diberville, MS 39540
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Land on Popp's Ferry

      Almost an acre of commercially zoned land in d'Iberville.
      4361 Popps Ferry Rd, Diberville, MS 39540
      View Details
    • Contact for pricing
      14,932 SF

      Prime Commercial Lot on I-10

      C3-zoned commercial lot with high visibility and utilities on site.
      3164 Georgette Ln, Diberville, MS 39540
      View Details
    • $47,500
      1.20 Acres

      Waterfront Land in D'Iberville, MS

      1.2-acre waterfront lot with creek access and water views.
      15407 Old Highway 15, Diberville, MS 39540
      View Details
    • $80,000
      0.68 Acres

      D'Iberville Land Development Opportunity

      Vacant land parcel in D'Iberville's French Market District.
      3209 Quave Rd, Diberville, MS 39540
      View Details
    • $125,000
      0.22 Acres

      D'Iberville Commercial Lot For Sale

      Prime commercial lot in high-traffic D'Iberville location near I-10.
      10034 Central Ave, Diberville, MS 39540
      View Details
    • $1,950,000
      2.20 Acres

      Prime Land Near I-10 Off-Ramp

      2.2 acres with high visibility and traffic volume.
      11362 Clinton Ln, Diberville, MS 39540
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Near Growing Housing

      Retail space in a new plaza near growing housing areas.
      14432 Lamey Bridge Rd, Diberville, MS 39540
      View Details
    • Contact for pricing

      Lakeview Village Retail/Office Space

      Office and retail spaces available in D'Iberville, Mississippi.
      11516 Lamey Bridge Rd, 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
    • Contact for pricing

      Retail Space in Lakeview Village

      Retail space with ample parking and excellent visibility.
      3586 Sangani Blvd, Diberville, MS 39540
      View Details
    • $2,200 /Mo
      1,750 SF

      Retail Space on Popps Ferry

      Retail space available on Popps Ferry Road in D'Iberville.
      4495 Popps Fry Rd Lot, 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
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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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