Income Producing Strip
12242 Ms-67 Shriners Boulevard Biloxi, MS 39532
12242 Ms-67 Shriners Boulevard, Biloxi, MS, 39532
$1,300,000
For Sale
$1,300,000
COMMERCIAL - Biloxi, MS
Property Size4,500 SF
Lot Size2.00 Acres
Price / SF$288.89
Days on Market366
Property Features for 12242 Ms-67 Shriners Boulevard
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Standard status
- Active
- APN
- 1108h-01-006.001
- Size
- 4,500 SF
- Lot size
- 2.00 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- LOTS 2 & 3 MUNRO SUBD SEC 3-7-10
- Tax Annual Amount
- 1548
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 2025
- Floors in Building
- 1
Listing Agency
Coldwell Banker Alfonso Realty-Pascag
(228) 769-7777
934 Jackson Ave, Gulfport, MS
Listed by
Ricky L Sutherland · License #7843
(228) 217-0087
Added: Jul 17, 2025 Checked: Jul 17 at 7:06 am
MLS# 4119633
Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This income producing strip center is for sale and currently has Unit A and Unit B leased. Unit C is available and features a drive-thru window, with leasing information noted as MLS #4097812 and monthly rent referenced in the remarks.
The property is located at 12242 MS-67 Shriners Boulevard in Biloxi, MS 39532 (Harrison County). It is offered as a 2-acre site containing approximately 4,500 square feet of commercial space.
For buyers seeking a partially occupied retail income stream, the current configuration provides two existing leases while keeping Unit C available for a new tenant with drive-thru convenience.
The property is located at 12242 MS-67 Shriners Boulevard in Biloxi, MS 39532 (Harrison County). It is offered as a 2-acre site containing approximately 4,500 square feet of commercial space.
For buyers seeking a partially occupied retail income stream, the current configuration provides two existing leases while keeping Unit C available for a new tenant with drive-thru convenience.
Key Highlights
- New income‑producing strip center built in 2025
- A and B units are leased; unit C is available
- Unit C includes a drive‑thru window and is for lease at $3,200/month (MLS #4097812)
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.2k | $14.04 |
| − Vacancy | −$5.4k | −$1.19 |
| EGI | $57.8k | $12.85 |
| − OpEx | −$17.3k | −$3.85 |
| NOI | $40.5k | $8.99 |
4,500 SF · lease $14.04/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$578.1K
$505.8K – $674.5K
NOI $40,467 @ 7.0% cap · market cap 3.11%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$725.0K
$634.3K – $845.8K
NOI $50,747 @ 7.0% cap · market cap 3.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Strip malls
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - Strip center with two leased units and a third unit available with a drive-thru window.
Where is this strip mall located?
The property is located at 12242 Ms-67 Shriners Boulevard Biloxi, MS.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: New income‑producing strip center built in 2025; A and B units are leased; unit C is available; Unit C includes a drive‑thru window and is for lease at $3,200/month (MLS #4097812)
