Three-Tenant Strip
12258 Shriners Boulevard Biloxi, MS 39532
12258 Shriners Boulevard, Biloxi, MS, 39532
$1,300,000
For Sale
$1,300,000
COMMERCIAL - Biloxi, MS
Property Size4,500 SF
Lot Size0.57 Acres
Price / SF$288.89
Days on Market366
Property Features for 12258 Shriners Boulevard
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Standard status
- Active
- APN
- 1108h-01-006.000
- Size
- 4,500 SF
- Lot size
- 0.57 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- Lot 1 Munro Subdivision Sec 3-7-10
- Tax Annual Amount
- 1379
Building Details
- Year built
- 2018
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# 4119577
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 established three-tenant strip center includes Subway and is currently 100% occupied. The property is configured as a small retail strip with separate tenancy for three tenants, and Subway has just renewed their lease.
Located in Biloxi, Mississippi, the center sits on a 0.57-acre lot at 12258 Shriners Boulevard (Harrison County, ZIP 39532). The total property size is approximately 4,500 square feet.
With all spaces leased and one tenant recently renewing, the center offers a straightforward, occupied retail configuration suited for buyers looking for an income-producing retail asset.
Located in Biloxi, Mississippi, the center sits on a 0.57-acre lot at 12258 Shriners Boulevard (Harrison County, ZIP 39532). The total property size is approximately 4,500 square feet.
With all spaces leased and one tenant recently renewing, the center offers a straightforward, occupied retail configuration suited for buyers looking for an income-producing retail asset.
Key Highlights
- 2018‑built 3‑tenant strip center
- 100% occupied with all tenants in place
- Subway is included and just renewed their lease
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
Subway
Take-out & Catering
On The Fly Wine & Liquor
(Bike/Boat/Book/etc) Store
Amour Nails Spa
Nail Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - Established three-tenant strip center with Subway, currently 100% occupied and ready for continued income.
Where is this strip mall located?
The property is located at 12258 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: 2018‑built 3‑tenant strip center; 100% occupied with all tenants in place; Subway is included and just renewed their lease
