Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Lamey Bridge Rd, MS

    • Grocery and convenience stores
    • 4,426 SF
    • 3.30 lot acres
    OFF-MARKET
    Last Sale
    Oct 28, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-1013541
    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

    • Grocery and convenience stores

    Property Details for Lamey Bridge

    Year built
    2020
    Lot size
    3.30 lot acres
    Property size
    4,426 SF
    Property type
    Grocery and convenience stores
    APN
    1306 -19-009.003
    APU
    130619009003

    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
    Rd
    County
    Harrison
    State
    Mississippi
    Longitude
    -88.9223
    Latitude
    30.5017
    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
    $14,730
    $0.00
    $0.00
    $127,386
    -
    $165,000
    $684,238
    $849,238

    Comparable in this City

    • Value Estimation
      $255,000
      0.13 Acres

      Telephone Rd

      CONVENIENCE STORE • 0.13 Acres
      Telephone Rd, Pascagoula, MS
      View Details
    • Value Estimation
      $525,000
      19,021 SF

      Bailey Ave, MS

      GROCERY, SUPERMARKET • 19,021 SF
      2441, Bailey Ave, MS
      View Details
    • Value Estimation by Request

      Hwy 1

      GROCERY, SUPERMARKET
      Hwy 1, N, MS
      View Details
    • Value Estimation
      $270,000
      5,265 SF

      Tucker Rd, MS

      CONVENIENCE STORE • 5,265 SF
      Tucker Rd, MS
      View Details
    • Value Estimation by Request
      53.00 Acres

      Highway

      FINANCIAL BUILDING • 53.00 Acres
      Highway, 28, MS
      View Details
    • Value Estimation by Request
      9,242 SF

      Hwy 2

      RETAIL STORES (PERSONAL SERVICES) • 9,242 SF
      Hwy 2, 2, MS
      View Details

    Similar Nearby for Sale

    • $2,318,057
      10,640 SF

      New DG Market For Sale

      New free-standing DG Market with 15-year NNN lease.
      1145 Ms-178 W, Mantachie, MS
      View Details
    • $1,247,505
      9,100 SF

      Dollar General Investment Opportunity

      NNN Dollar General with 7 years remaining in Jackson, MS.
      1153 Pocahontas Rd, Jackson, MS
      View Details
    • $1,268,000
      12,406 SF

      Laurel, MS Dollar General Market

      NNN Dollar General Market on a large 2-acre parcel.
      588 Front St, Laurel, MS
      View Details
    • $1,600,000
      20,000 SF

      Retail Property on US-98

      Retail property with NNN lease in Hattiesburg, Mississippi.
      6690 Us-98, Hattiesburg, MS
      View Details
    • $1,139,630
      1,847 SF

      NNN Retail Property For Sale

      NNN leased retail property with corporate guarantee and annual rent increases.
      1028 W Beacon St, Philadelphia, MS
      View Details
    • $475,000

      Prime Retail Investment Opportunity

      3,000 SF retail building in high-traffic Jackson location.
      5438-5440 North Frontage Rd, Jackson, MS
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      28,000 SF

      Retail Space in Gulfport, MS

      Retail units available in grocery-anchored shopping center on high-traffic corridor.
      11312 Us Hwy, Gulfport, MS
      View Details
    • $5 SF/Yr
      28,000 SF

      Retail Building in High-Demand Area

      28,000 SF retail building in the Jackson MSA.
      US-80 710, Flowood, MS
      View Details
    • $1,500 /Mo
      3,528 SF

      Retail Space Near Highway 49

      Retail space available near Wal-Mart and Highway 49.
      1085 Frontage Rd East, Wiggins, MS
      View Details
    • Contact for pricing
      4,387 SF

      Retail/Office Space For Lease

      Two-story multi-tenant building with 4,387 SF available.
      100 Mannsdale Park Dr, Madison, MS
      View Details
    • $9 SF/Yr
      13,225 SF

      Freestanding Retail Building For Lease

      Former CVS available for lease on US Hwy 80.
      3201 Hwy 80 East, Pearl, MS
      View Details
    • $21 SF/Yr
      1,200 SF

      Retail Space in Starkville, MS

      Retail space available for lease in Starkville, Mississippi.
      210 Ms-12, Starkville, MS
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Lamey Bridge
    Rd, MS
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.