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    530 W Central Ave Wiggins, MS 39577
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    Property profile & analytics

    530 W Central Ave, Wiggins, MS 39577

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    • Super regional malls
    • 46,284 SF
    For Lease
    View Listing →
    Retail Space in Village Square For Lease
    Contact for pricing
    1,973 SF

    Retail Space in Village Square

    Retail space available in a grocery-anchored shopping center.

    530 W Central Ave, Wiggins, MS
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    Property ID
    US50-1458869
    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

    • Super regional malls

    Property Details for 530 W Central Ave

    Year built
    1986
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    107A -01-009.000
    APU
    107A01009000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 7, 2011 — Regency Mississippi LLC Southern Development Of Mississippi 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
    Wiggins
    County
    Stone
    State
    Mississippi
    Longitude
    -89.143
    Latitude
    30.8508
    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
    $30,214
    $0.00
    $0.00
    $186,758
    -
    $220,000
    $1,025,051
    $1,245,051

    Comparable in this City

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      8,160 SF

      1580 Industrial Park Rd

      REGIONAL SHOPPING CENTER, MALL
      1580 Industrial Park Rd, Wiggins, MS 39577-8330
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      17,095 SF

      Wiggins, MS 39577

      REGIONAL SHOPPING CENTER, MALL
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      12,505 SF

      1085 Frontage Rd

      Neighborhood centers
      1085 Frontage Rd, Wiggins, MS 39577
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      4,744 SF

      918 Hwy 13

      RESTAURANT
      918 Hwy 13, Wiggins, MS 39577-8928
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    • Value Estimation by Request
      1,408 SF

      3093 Hwy 49

      RETAIL STORES (PERSONAL SERVICES)
      3093 Hwy 49, Wiggins, MS 39577-8103
      View Details

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      Highway 49 Retail Opportunity

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      4,250 SF

      Highway Frontage Truck Wash Property

      High-visibility property with truck wash bays and residential home.
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      Wiggins Commercial Property For Sale

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      4,948 SF

      Turnkey Bar Opportunity, Wiggins, MS

      Fully equipped bar for immediate business on Hwy 13.
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    Similar Nearby for Lease

    • Contact for pricing
      3,889 SF

      Retail Space in Village Square

      Retail space available in a grocery-anchored shopping center.
      530 W Central Ave, Wiggins, MS 39577
      View Details
    • Contact for pricing
      3,528 SF

      Retail Space Near Highway 49

      Retail space available near Wal-Mart and Highway 49.
      1085 Frontage Rd East, Wiggins, MS 39577
      View Details
    • $3,800 /Mo
      5,500 SF

      Wiggins, MS Commercial Space

      Warehouse, retail, or office space available for rent.
      704 W Frontage Dr, Wiggins, MS 39577
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Downtown Wiggins

      Retail space in downtown Wiggins, ideal for a small business.
      106 Second St S, Wiggins, MS 39577
      View Details
    • Contact for pricing

      Commercial Land for Rent

      Land available for rent in Village Square.
      502 W Central Ave, Wiggins, MS 39577
      View Details

    Property Visit Statistics

    • Visits by month
      23.7k
    • Visitors by month
      12.8k
    • Avg Time on site
      16 min
    View Listing
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    Wiggins, MS 39577
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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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    530 W Central Ave, Wiggins, MS, 39577
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