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    505 Wn St Pass Christian, MS 39571-2605
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    Property profile & analytics

    505 Wn St, Pass Christian, MS 39571-2605

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    • Retail residential properties
    • 9,730 SF
    • 0.81 lot acres
    Off-Market
    Property ID
    US50-0343571
    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

    • Retail residential properties

    Property Details for 505 Wn St

    Year built
    2009
    Lot size
    0.81 lot acres
    Property type
    Retail residential properties
    APN
    0313C-04-024.003
    APU
    0313C04024003

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 17, 2018 — Aalco Self Storage Of Mississippi L Aalco Dollar LLC Special Warranty Deed —

    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
    -89.2626
    Latitude
    30.3214
    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
    $10,099
    $0.00
    $0.00
    $71,431
    -
    $40,313
    $435,892
    $476,205

    Comparable in this City

    • Value Estimation by Request
      1,980 SF

      225 Wn St

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      4,747 SF

      303 Fleitas Ave

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      303 Fleitas Ave, Pass Christian, MS 39571-3910
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      9,102 SF

      12409 Vidalia Rd

      STORES & APARTMENTS
      12409 Vidalia Rd, Pass Christian, MS 39571-8321
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    • Value Estimation by Request
      8,938 SF

      16820 Kapalama Rd

      STORE/OFFICE (MIXED USE)
      16820 Kapalama Rd, Pass Christian, MS 39571-9207
      View Details
    • Value Estimation by Request
      1,232 SF

      883 En St

      STORES & APARTMENTS
      883 En St, Pass Christian, MS 39571-4121
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    • Value Estimation by Request
      33,420 SF

      12342 Cable Brg Rd

      STORES & APARTMENTS
      12342 Cable Brg Rd, Pass Christian, MS 39571-9524
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    Similar Nearby for Sale

    • $750,000
      1.40 Acres

      Pass Christian Mixed-Use Land

      1.4-acre mixed-use parcel near beach and downtown.
      407 E Second St, Pass Christian, MS 39571
      View Details
    • $435,000
      2,943 SF

      Mixed-Use Property in Pass Christian

      Two structures on one parcel offer flexibility and value.
      7041/7047 Kiln Delisle Rd, Pass Christian, MS 39571
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    • Contact for pricing
      Pending

      Pass Christian Mixed-Use Opportunity

      Prime location near restaurants and harbor with zoning flexibility.
      107 E Scenic Dr, Pass Christian, MS 39571
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    • $83,550

      Land Parcel in Pass Christian

      Land parcel available in Pass Christian, Mississippi.
      3 Shiyou Rd, Pass Christian, MS 39571
      View Details
    • $196,000
      0.25 Acres

      Residential Land in Historic District

      Land for sale in Pass Christian Historic District.
      Seaside Oaks Dr, Pass Christian, MS 39571
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,255 SF

      Commercial Space in Growing Area

      Commercial space for lease in a rapidly growing area.
      16940 Kapalama Rd, Pass Christian, MS 39571
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    • Contact for pricing
      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
    • New
      $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
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    • 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
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    • $1,275 /Mo
      1,255 SF

      Commercial Space in Growing Area

      Commercial space for lease in a rapidly developing area.
      16940 Kapalama Dr, Pass Christian, MS 39571
      View Details
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    Pass Christian, MS 39571-2605
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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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