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    Property profile & analytics

    Bay Saint Louis, MS 39520

    • Office buildings
    • 3,669 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    $365,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-1076087
    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

    • Office buildings

    Property Details

    Year built
    1947
    Lot size
    1.00 lot acres
    Property size
    3,669 SF
    Property type
    Office buildings
    APN
    149L-0-29-023.000
    APU
    149L029023000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $365,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bay Saint Louis
    County
    Hancock
    State
    Mississippi
    Longitude
    -89.3275
    Latitude
    30.3114
    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
    $30,945
    $120,158
    $148,902
    $269,060
    -
    $801,050
    $992,680
    $1,793,730

    Comparable in this City

    • Value Estimation
      $260,000
      304 SF

      10122 Tigris St

      OFFICE BUILDING • 304 SF
      10122 Tigris St, Bay Saint Louis, MS 39520-7223
      View Details
    • Value Estimation
      $280,000
      2,500 SF

      10008 Hwy 603

      PROFESSIONAL BUILDING • 2,500 SF
      10008 Hwy 603, Bay Saint Louis, MS 39520-8604
      View Details
    • Value Estimation
      $265,000
      4,102 SF

      126 Ct St

      OFFICE BUILDING • 4,102 SF
      126 Ct St, Bay Saint Louis, MS 39520-4516
      View Details
    • Value Estimation
      $260,000
      4,225 SF

      112 Ct St

      OFFICE BUILDING • 4,225 SF
      112 Ct St, Bay Saint Louis, MS 39520-4516
      View Details
    • Value Estimation
      $280,000
      5,720 SF

      202 Drinkwater Rd

      OFFICE BUILDING • 5,720 SF
      202 Drinkwater Rd, Bay Saint Louis, MS 39520-1638
      View Details
    • Value Estimation
      $275,000
      3,612 SF

      596 Easterbrook St

      PROFESSIONAL BUILDING • 3,612 SF
      596 Easterbrook St, Bay Saint Louis, MS 39520-2704
      View Details

    Similar Nearby for Sale

    • $399,500

      Office Building with Lease in Place

      Multi-purpose office building leased to engineering firm until July 2026.
      3036 Longfellow Dr, Bay Saint Louis, MS 39520
      View Details
    • New
      $239,575
      2.00 Acres

      Commercial Land Near I-10

      Commercial land suitable for gas station, retail, or office.
      Highway 603, Bay Saint Louis, MS 39520
      View Details
    • $935,000
      9,332 SF

      Bay St. Louis Retail/Office Building

      10,000 SF building near Ochsner Medical Center.
      843 Highway 90, Bay Saint Louis, MS 39520
      View Details
    • $200,000
      1,571 SF

      Prime Bay St. Louis Retail Site

      High-traffic location, vacant 1,571 sq ft building
      455 Us-90, Bay St. Louis, MS 39520
      View Details
    • $225,000
      2.99 Acres

      Highway 603 Commercial Land

      Prime 2.99-Acre Commercial Lot
      00 Highway 603, Bay St. Louis, MS 39520
      View Details
    • $12,500,000
      183.00 Acres

      Prime Bay St. Louis Waterfront Land

      183 Acres, Mixed-Use Zoning, Riverfront
      11191 Cazaubon Rd, Bay St. Louis, MS 39520
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      1,400 SF

      Bay St. Louis Office Space

      Professional office space in prime location with high visibility.
      624 Highway 90, Bay Saint Louis, MS 39520
      View Details
    • $6,500 /Mo
      4,200 SF

      Versatile Commercial Space in Bay

      Historic charm meets modern functionality in vibrant downtown Bay St. Louis.
      125 Court St, Bay Saint Louis, MS 39520
      View Details
    • $3,204 /Mo
      1,804 SF

      Downtown Bay Saint Louis Office

      Office space for rent in downtown Bay St. Louis.
      100 S Bch Blvd Lot, Bay Saint Louis, MS 39520
      View Details
    • $10 SF/Yr
      2,400 SF

      Highway 90 Retail Space

      Prime Bay St. Louis Retail Opportunity
      828 A B, Bay St. Louis, MS 39520
      View Details
    • $12 SF/Yr
      2,400 SF

      Highway 90 Retail Opportunity

      Prime Bay St. Louis Retail Space Available
      828 Highway 90, Bay St. Louis, MS 39520
      View Details
    • $10 SF/Yr
      2,400 SF

      Prime Bay St. Louis Retail Space

      Highway 90 Retail Center - 2400 SF
      828 H I, Bay St. Louis, MS 39520
      View Details
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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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