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

    3868 Promenade Pkwy Diberville, MS 39540-5307

    • Super regional malls
    • 99,266 SF
    • 16.30 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0858108
    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

    • Starbucks / Cafe & Coffee Shop
    • Kay Jewelers / (Bike/Boat/Book/etc) Store
    • Sleep Number / Furniture & Home Goods
    • PJ's Coffee / Specialty Food Shop / (Bike/Boat/Book/etc) Store
    • Starbucks Reserve Roastery / Specialty Food Shop / (Bike/Boat/Book/etc) Store

    Property Details for 3868 Promenade Pkwy

    Year built
    2009
    Lot size
    16.30 lot acres
    Property size
    99,266 SF
    Property type
    Super regional malls
    APN
    1308I-01-004.004
    APU
    1308I01004004

    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
    Diberville
    County
    Harrison
    State
    Mississippi
    Longitude
    -88.9032
    Latitude
    30.4564
    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
    $253,544
    $0.00
    $0.00
    $2,220,950
    -
    $4,899,193
    $9,907,141
    $14,806,334

    Comparable in this City

    • Value Estimation by Request
      36,283 SF

      3164 Mallett Rd

      REGIONAL SHOPPING CENTER, MALL • 36,283 SF
      3164 Mallett Rd, Diberville, MS 39540-9394
      View Details
    • Value Estimation by Request
      88,202 SF

      Promenade Pkwy

      REGIONAL SHOPPING CENTER, MALL • 88,202 SF
      Promenade Pkwy, Diberville, MS 39540
      View Details
    • Value Estimation by Request
      87,485 SF

      Promenade Pkwy

      REGIONAL SHOPPING CENTER, MALL • 87,485 SF
      Promenade Pkwy, Diberville, MS 39540
      View Details
    • Value Estimation by Request
      36,169 SF

      3680 Sangani Blvd

      REGIONAL SHOPPING CENTER, MALL • 36,169 SF
      3680 Sangani Blvd, Diberville, MS 39540-8702
      View Details
    • Value Estimation by Request
      60,256 SF

      4031 Popps Fry Rd

      REGIONAL SHOPPING CENTER, MALL • 60,256 SF
      4031 Popps Fry Rd, Diberville, MS 39540-2367
      View Details
    • Value Estimation by Request
      103,259 SF

      10541 Diberville Blvd

      REGIONAL SHOPPING CENTER, MALL • 103,259 SF
      10541 Diberville Blvd, Diberville, MS 39540-2463
      View Details

    Similar Nearby for Sale

    • $14,000,000
      65,839 SF

      Lakeview Village Retail Center

      65,839 SF Retail Center, 100% Leased
      3586 - 3516 Sangani Blvd, Diberville, MS 39540
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    • $649,000

      Prime Commercial Land Opportunity

      0.91 acres of commercially zoned land at major intersection.
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    • $400,000

      Versatile Commercial Property Near Promenade

      Prime commercial property with high visibility and development potential.
      3249 Georgette Ln, Diberville, MS 39540
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    • $1,202,256
      2.30 Acres

      Prime D'Iberville Commercial Land

      2.3 Acres, High Visibility, $1.2M
      0 Old Highway 67, D'Iberville, MS 39540
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    • $899,000
      1,792 SF

      Versatile Property in Old D'Iberville

      Commercial and residential potential near Scarlet Pearl Casino.
      9498 Central Ave, Diberville, MS 39540
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    • $649,000

      Prime Commercial Land Opportunity

      Commercially zoned land with high visibility and multiple business opportunities.
      11128 Lamey Bridge Rd, Diberville, MS 39540
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Near Scarlet Pearl

      Prime retail location with high visibility and convenient access.
      10511 D'iberville Blvd, Diberville, MS 39540
      View Details
    • $30 SF/Yr
      1,138 SF

      Promenade Retail Space Available

      Prime retail opportunity in a high-traffic shopping destination.
      3920 Promenade Pkwy, 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
    • $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
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    • $15 SF/Yr
      2,700 SF

      Retail Space in Lakeview Village

      Retail space available in a master-planned regional retail development.
      3586-3516 Sangani Blvd, Diberville, MS 39540
      View Details
    • Contact for pricing
      32,600 SF

      D'Iberville Medical Office Space

      1,400 SF Medical Office Suite Available
      3661 Sangani Blvd, D'Iberville, MS 39540
      View Details
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    Diberville, MS 39540-5307
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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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