Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    345 Fleitas Ave Pass Christian, MS 39571-3910

    Property Lookup

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

    345 Fleitas Ave Pass Christian, MS 39571-3910

    View on Map
    • Office properties & Spaces
    • 240 SF
    Off-Market
    Last Sale Oct 26, 2020
    Property ID
    US50-0400813
    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

    • Keel W S Lumber Co / Big Box & Wholesale Store / Building Supply

    Property Details for 345 Fleitas Ave

    Year built
    2006
    Property size
    240 SF
    Property type
    Office properties & Spaces
    APN
    0313A-03-008.000
    APU
    0313A03008000

    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
    Pass Christian
    County
    Harrison
    State
    Mississippi
    Longitude
    -89.2427
    Latitude
    30.3241
    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
    $1,356
    $0.00
    $0.00
    $9,591
    -
    $36,225
    $27,711
    $63,936

    Comparable in this City

    • Value Estimation by Request
      1,111 SF

      6781 Kiln Delisle Rd

      OFFICE (GENERAL) • 1,111 SF
      6781 Kiln Delisle Rd, Pass Christian, MS 39571-9255
      View Details
    • Value Estimation by Request
      48,441 SF

      7685 Kiln Delisle Rd

      OFFICE (GENERAL) • 48,441 SF
      7685 Kiln Delisle Rd, Pass Christian, MS 39571-9423
      View Details
    • Value Estimation by Request
      5,200 SF

      Market St

      OFFICE (GENERAL) • 5,200 SF
      Market St, Pass Christian, MS 39571
      View Details
    • Value Estimation by Request
      1,220 SF

      215 Wn St

      OFFICE (GENERAL) • 1,220 SF
      215 Wn St, Pass Christian, MS 39571-3710
      View Details
    • Value Estimation by Request
      2,408 SF

      209 2nd St

      OFFICE (GENERAL) • 2,408 SF
      209 2nd St, Pass Christian, MS 39571
      View Details
    • Value Estimation by Request
      1,466 SF

      224 Wn St

      OFFICE (GENERAL) • 1,466 SF
      224 Wn St, Pass Christian, MS 39571-3711
      View Details

    Similar Nearby for Sale

    • $79,000
      13.00 Acres

      Pass Christian Vacant Land

      13-acre tract near the beach, ideal for residence or investment.
      00 Montebella Rd, Pass Christian, MS 39571
      View Details
    • $4,204,800
      876.00 Acres

      Riverfront Land Near Mississippi Coast

      Expansive 875-acre riverfront property near Pass Christian, Mississippi.
      Cable Bridge Rd, Pass Christian, MS 39571
      View Details
    • Contact for pricing

      2 Acre Lot Near Buc-ee's

      2 acre commercial lot near Buc-ee's and I-10.
      8232 Firetower Rd, Pass Christian, MS 39571
      View Details
    • Contact for pricing

      Beachfront Lot with Commercial Zoning

      Beachfront commercial lot suitable for condos, apartments, retail, and more.
      1598 E Beach Blvd, Pass Christian, MS 39571
      View Details
    • Contact for pricing

      Prime Location Near Long Beach

      Two-acre commercial site near downtown Long Beach.
      404 W Beach Blvd, Pass Christian, MS 39571
      View Details
    • $7,500,000

      46 Acres Near Interstate Interchange

      46 acres of commercial land with high traffic and development.
      8095 Menge Ave, Pass Christian, MS 39571
      View Details

    Similar Nearby for Lease

    • $1,200 /Mo
      1,400 SF

      Commercial Space in Diamondhead

      Spacious commercial office space with high visibility and foot traffic.
      16840 Kapalama Dr Lot, Pass Christian, MS 39571
      View Details
    • $3,500 /Mo
      1,900 SF

      Retail Space in Pass Christian

      Retail space available for lease in Pass Christian, MS.
      254 E Second St, Pass Christian, MS 39571
      View Details
    • Contact for pricing

      Prime Retail Space on I-10

      4,569 SF retail space with high I-10 visibility.
      8088 Menge Ave, Pass Christian, MS 39571
      View Details
    • Contact for pricing
      13,600 SF

      Retail Space on Firetower Road

      Retail space available for lease on Firetower Road.
      8292-8294 Firetower Rd, Pass Christian, MS 39571
      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.
    345 Fleitas Ave
    Pass Christian, MS 39571-3910
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!