11505 Cinema DrD'Iberville, MS 39540

Property Details for 11505 Cinema Dr

Year built

2008

Lot size

2.90 AC

Property size (Sq ft)

24,384 SF

Property type

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.

• 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

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

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