Fully Leased Office
For Sale
$1,400,000
12450 Shortcut Road, Biloxi, MS 39532
COMMERCIAL - Biloxi, MS
Property Size14,500 SF
Lot Size1.30 Acres
Price / SF$96.55
Days on Market417
Property Features for 12450 Shortcut Road
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
3
Full bathrooms
1
Half bathrooms
4
Rooms
Bathroom 2, Bathroom 3, Bathroom 5, Bathroom 1, Bathroom 4
Standard status
Active
APN
1108a-03-010.001
Size
14,500 SF
Lot size
1.30 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
1.3 AC(C) COM AT NW COR OF NE 1/4 OF NE 1/4 OF SEC 3 ON W MAR OF JIM BYRD RD S ALONG RD 637.5 FT TO SLY MAR OF WOOLMARKET RD WLY ALONG RD 280.1 FT S 10 DG E 214.3 FT TO POB S 65 DG W 68.9 FT S 24 DG W 9.5 FT S 62 DG W 162.3 FT TO ELY MAR OF CUTOFF RD A/K/A SHORT CUT RD SELY ALONG RD 421 FT N 10 DG W 562.7 FT TO POB PART OF W 1/2 OF NE 1/4 OF SEC 3-7-10
Tax Annual Amount
9081
Legal Description
1.3 AC(C) COM AT NW COR OF NE 1/4 OF NE 1/4 OF SEC 3 ON W MAR OF JIM BYRD RD S ALONG RD 637.5 FT TO SLY MAR OF WOOLMARKET RD WLY ALONG RD 280.1 FT S 10 DG E 214.3 FT TO POB S 65 DG W 68.9 FT S 24 DG W 9.5 FT S 62 DG W 162.3 FT TO ELY MAR OF CUTOFF RD A/K/A SHORT CUT RD SELY ALONG RD 421 FT N 10 DG W 562.7 FT TO POB PART OF W 1/2 OF NE 1/4 OF SEC 3-7-10
Building Details
Year built
1997
Floors in Building
2
Listing Agency:
Crescent Sotheby's International · Sotheby's International Realty
(985) 345-6802
Listed By:
Holly J Gibbs · License #B22047
(228) 697-3714
Added: Jun 9, 2025
Changed: Jul 24
Last Checked: Jul 30 at 9:06PM
MLS# 4115760
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.
12450 Shortcut Road in Biloxi, Mississippi is a fully leased office investment property with 100% occupancy. The building’s office spaces are supported by established tenants under multi-year agreements, providing ongoing rental continuity.
The property is located on Shortcut Road in North Biloxi and is described as offering road frontage with visibility and accessibility. Convenient access to I-10 is noted, positioning the asset for day-to-day customer and business travel.
The listing includes a stated 9% cap rate and is presented as a long-term, passive-investor style offering for those looking for stabilized cash flow from a fully occupied office asset.
The property is located on Shortcut Road in North Biloxi and is described as offering road frontage with visibility and accessibility. Convenient access to I-10 is noted, positioning the asset for day-to-day customer and business travel.
The listing includes a stated 9% cap rate and is presented as a long-term, passive-investor style offering for those looking for stabilized cash flow from a fully occupied office asset.
Key Highlights
- Fully leased investment property in North Biloxi, MS with 100% occupancy
- Multi‑year leased office spaces with stable, tenant‑supported income
- Reported 9% cap rate
Financial Insights For Office B
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 | $187.9k | $12.96 |
| − Vacancy | −$33.8k | −$2.33 |
| EGI | $154.1k | $10.63 |
| − OpEx | −$38.5k | −$2.66 |
| NOI | $115.6k | $7.97 |
14,500 SF · lease $12.96/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.65M
$1.44M – $1.93M
NOI $115,571 @ 7.0% cap · market cap 8.26%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$2.34M
$2.04M – $2.73M
NOI $163,517 @ 7.0% cap · market cap 11.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
161
Businesses Nearby
Explore this area
Business Placement
Demographics for 39532, MS
34,348
Population
15,466
Households
2.2
Avg Household Size
39
Median Age
26%
College-Educated
86%
High-School Grad
82.2 sq mi
ZIP Area
418
Density / Sq Mi
$65,892
Median Household Income
$40,751
Median Earnings
$1,098
Median Rent
$227,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Fully leased office property with 100% occupancy under multi-year leases and strong established tenant coverage.
Where is this office building located?
The property is located at 12450 Shortcut Road Biloxi, MS.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Fully leased investment property in North Biloxi, MS with 100% occupancy; Multi‑year leased office spaces with stable, tenant‑supported income; Reported 9% cap rate
