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Property profile & analytics
FOR SALE
Outlet malls

6412 Washington Ave Ocean Springs, MS 39564

41,140 SF 7.32 ac lot Built 2016
Trust Owned 10-yr Hold Free & Clear
Property ID
US50-1912139
6412 Washington Ave, Ocean Springs, MS 39564 For Sale
$899,500 41,140 SF
6412 Washington Ave, Ocean Springs, MS 39564
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Property summary
AI-generated overview

This exceptional 2.96-acre commercial land parcel presents a remarkable development opportunity in the thriving Ocean Springs, Mississippi market. Located at 6412 Washington Avenue, this property boasts unparalleled visibility from a major thoroughfare, Washington Avenue, and its proximity to Old Lemoyne Boulevard ensures high traffic flow. The site is zoned General Commercial, providing flexibility for a wide range of commercial ventures. The expansive lot size offers ample space for substantial development projects, catering to diverse business needs. With its strategic location and favorable zoning, this property is ideally suited for businesses seeking high visibility and accessibility. The asking price is $899,500. The property includes four separate parcels, identified by the following Assessor's Parcel Numbers (APN): 0-54-00-001.000, 0-54-002.000, 0-54-003.000, and 0-54-005.000. Situated in Jackson County, Mississippi, with a zip code of 39564, this location offers easy access to local amenities and a strong regional economy. Don't miss this chance to acquire a prime development site in a rapidly growing area. This property is ready for your vision.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2016
Total area 41,140 SF
Lot 7.32 ac (318,859 SF)
APN 03018200.030
UPID US50-1912139
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Walmart Connection Center Mobile Phone Store Electronics & Wireless Store
  • Walmart Home Theater Installation Electrical Service General Contractor
  • Walmart House Cleaning Services Hardware & Home Improvement
  • Western Union Bank Credit Union
  • Ria Money Transfer - Walmart Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.62M
Blend (final) Blend
$4.02M
Owner & transaction history
Walmart Real Estate Business Trust · 10 yrs held
Walmart Real Estate Business Trust
since 2016
1 recorded transaction
2016
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $6.5M +62.1%
Office building $4.9M +22.4%
Auto repair, garage $4.2M +5.7%
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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