11505 Cinema DrD'Iberville, MS 39540

  • Retail properties
  • 24,384 SF
For Lease
$18/SF/YR View listing

Property Details for 11505 Cinema Dr

Year built
2008
Lot size
2.90 AC
Property size (Sq ft)
24,384 SF
Property type
Retail properties
Property subtype
Super regional malls
APN
1408K-01-001.005
APU
1408K01001005

Description

This exceptional single-tenant retail property, located at 11505 Cinema Drive in D'Iberville, MS, presents a unique investment opportunity. Built in 2008, this 1-story building sits on a generous 2.9-acre lot and is zoned C-3, offering flexibility for a variety of commercial uses. The property features a single suite with a flexible floor plan ranging from 1,400 to 4,000 square feet, ideal for a new business or expansion. Its strategic location within the vibrant Lakeview Village ensures high visibility and accessibility, surrounded by a thriving mix of national and local retailers, restaurants, and banking institutions. The property benefits from its proximity to "The Promenade," a premier retail development boasting major anchors such as Target, Dick's Sporting Goods, Ashley HomeStore, and Hobby Lobby, guaranteeing significant foot traffic and consumer presence. The property's APN is 1408k-01-001.005, and it is situated in Harrison County. This is a rare chance to establish a presence in a high-demand retail area with excellent growth potential. The property's single-tenant occupancy provides ease of management and potential for strong rental income. Don't miss this opportunity to secure a prime location in a rapidly growing market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $5,684,272
    6.5%
    $5,247,020
    7%
    $4,872,232
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,687,284
    Geo Method
    $4,368,316
  • Alternative Use

    Use
    Valuation
    Residential
    $4,426,058
    Hospitality
    $4,054,245
    Educational
    $3,373,084
    Medical
    $3,489,090
    Retail
    $5,247,020
11505 Cinema Dr, D'Iberville, Mississippi

Location Insight

City
Diberville
County
Harrison
State
Mississippi
Latitude
30.4566
Longitude
-88.8868
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
$24,018
-
-
$210,387
-
$536,877
$865,699
$1,402,576

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