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    Property profile & analytics

    6341 Menge Ave Pass Christian, MS 39571

    • Commercial real estate
    • 2,790 SF
    • 26.60 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0203407
    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

    • Commercial real estate

    Property Details for 6341 Menge Ave

    Year built
    1983
    Lot size
    26.60 lot acres
    Property size
    2,790 SF
    Property type
    Commercial real estate
    APN
    0411-06-011.000

    Description

    This exceptional 26.6-acre property boasts 725 feet of prime waterfront frontage on the Wolf River, offering direct Gulf access. Located in Pass Christian, Mississippi (Harrison County, zip code 39571), this unique offering combines commercial, residential, and recreational potential. The property includes a large barn (formerly stables with tack room), featuring electricity and water service, along with an additional structure containing a room and half-bath. Outdoor amenities include a stocked fish pond (bass and bream), a dog run, and an exterior shed with electricity. Conveniently situated just two miles from the beach and Interstate 10, this property presents a rare opportunity. The 2,790 square foot land parcel was built in 1983 and is listed at $2,200,000 ($788.53/sq ft). The APN is 0411-06-011.000. Note: This listing does not include MLS#4073186, which is a separate 1.7-acre parcel.

    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
    Pass Christian
    County
    Harrison
    State
    Mississippi
    Longitude
    -89.2299759
    Latitude
    30.373422

    Comparable in this City

    • Contact for pricing
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      Prime 9-Acre Multifamily Land

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    • $1,350,000
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      Beach Blvd Land - Prime Location

      7.4 Acres, Residential Zoning, $1.35M
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    • $3,950,000
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      Beachfront Land: Prime Location

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      2.10 Acres

      Beachfront Land: Pass Christian, MS

      2.1-Acre Residential Development Site
      404 Beach Blvd, Pass Christian, MS 39571
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    • $2,500,000
      2.50 Acres

      Beachfront Development Opportunity

      Prime 2.5-acre beachfront land in Pass Christian, MS
      1499 Beach Blvd, Pass Christian, MS 39571
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    • $8,000,000
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      Multifamily Investment Near Gulf Coast

      100-unit multifamily property near the beach and downtown.
      707 E North St, Pass Christian, MS 39571
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    Similar Nearby for Sale

    • Contact for pricing
      9.00 Acres

      Prime 9-Acre Multifamily Land

      9 acres, multifamily zoning, Pass Christian.
      601 Josephine St, Pass Christian, MS 39571
      View Details
    • $1,350,000
      7.40 Acres

      Beach Blvd Land - Prime Location

      7.4 Acres, Residential Zoning, $1.35M
      452 Beach Blvd, Pass Christian, MS 39571
      View Details
    • $3,950,000
      4.80 Acres

      Beachfront Land: Prime Location

      4.8 Acres, Gulf Views, R-2 Zoning
      101 4 St, De Lisle, MS 39571
      View Details
    • $2,500,000
      2.50 Acres

      Beachfront Development Opportunity

      Prime 2.5-acre beachfront land in Pass Christian, MS
      1499 Beach Blvd, Pass Christian, MS 39571
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    • Contact for pricing
      2.10 Acres

      Beachfront Land: Pass Christian, MS

      2.1-Acre Residential Development Site
      404 Beach Blvd, Pass Christian, MS 39571
      View Details
    • Contact for pricing
      0.11 Acres

      Pass Christian Land For Sale

      Land near the beach, close to I-10 and Highway 90.
      E James Cir, Pass Christian, MS 39571
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      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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    • $1,200 /Mo
      1,200 SF

      Commercial Office Space For Rent

      Spacious office space in high-traffic Diamondhead location.
      16840 Kapalama Dr Lot, Pass Christian, MS 39571
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    • $15 SF/Yr
      4,569 SF

      I-10 Retail Land - High Visibility

      Prime retail space, 4,569 sq ft, I-10 frontage.
      8088 Menge Ave, 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
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    6341 Menge Ave
    Pass Christian, MS 39571
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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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