Courtyard Mixed-Use
For Sale
$229,150
266 Debuys Road, Biloxi, MS 39531
Commercial Sale, Biloxi, MS
Property Size1,592 SF
Lot Size0.19 Acres
Price / SF$143.94
Days on Market147
Property Features for 266 Debuys Road
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking
4
Parking features
Off Street
Accessibility
Accessible Approach with Ramp
Subdivision
Metes And Bounds
Lot features
City Lot, Many Trees, Partially Wooded, City Lot, Many Trees, Partially Wooded
Middle school
Biloxi Jr High
High school
Biloxi
Directions
Turn north off U,S, Highway 90 on Debuys Rd. go over R,R, tracks and the property is about 1/4 mile on the right.
Standard status
Active
APN
1110l-01-035.000
Size
1,592 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 74 X 110 IRR ON E SIDE OF DEBUYS RD. BEG 95 FT S OF FERNWOOD RD. IN NW 1/4 OF NW 1/4 OF SW 1/4 OF SEC 33-7-10
Tax Annual Amount
1272
Legal Description
LOT 74 X 110 IRR ON E SIDE OF DEBUYS RD. BEG 95 FT S OF FERNWOOD RD. IN NW 1/4 OF NW 1/4 OF SW 1/4 OF SEC 33-7-10
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Water source
Public
Amenities
courtyard
Building Details
Year built
1972
Floors in Building
1
Roof type
Metal
Listing Agency:
Coldwell Banker Smith Home Rltrs-OS · Coldwell Banker Real Estate
(228) 872-3330
Listed By:
Sandy McGrath · License #S53099
(228) 229-8252
Added: Apr 21
Changed: Aug 26
Last Checked: Sep 14 at 12:06AM
MLS# 4146739
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 mixed-use property includes two connected buildings arranged around a tree-shaded courtyard. The main structure contains 1,128 square feet, a bathroom, and existing plumbing and electrical provisions for a full kitchen. A separate 464-square-foot building has water and sewer connections and can support office, workspace, salon, storage, or catering functions. The property was built in 1972 and has a metal roof.
The 0.19-acre parcel is served by public water and public sewer, with cable available. Additional features include off-street parking and an accessible approach with ramp. Formerly used as a bakery, the property is located at 266 Debuys Road in Biloxi, Mississippi, and offers two distinct structures within a single mixed-use setting.
The 0.19-acre parcel is served by public water and public sewer, with cable available. Additional features include off-street parking and an accessible approach with ramp. Formerly used as a bakery, the property is located at 266 Debuys Road in Biloxi, Mississippi, and offers two distinct structures within a single mixed-use setting.
Key Highlights
- 1,592 square feet across two connected buildings
- Main building measures 1,128 square feet with bathroom and kitchen plumbing and electrical in place
- Second building provides 464 square feet with water and sewer connections
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,311
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$246,220
$246.2K
Cap Rate 7%
$175,871
$175.9K
Cap Rate 9%
$136,789
$136.8K
Market Conditions
NOI Build-Up for 1,592 SF
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.
Gross rent
$20.6K $12.96/SF
− Vacancy
−$1.7K −$1.06/SF
EGI
$18.9K $11.90/SF
− OpEx
−$6.6K −$4.16/SF
NOI
$12.3K $7.73/SF
Area
Harrison County, MS
Vacancy
8.20%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$246,220
Cap Rate 7%
$175,871
Cap Rate 9%
$136,789
Alternative Uses
Best Use
Flex RnD
$175.9K
$153.9K – $205.2K
NOI $12,311 @ 7.0% cap · market cap 5.37%
Second Best
Mixed Use
$161.2K
$141.0K – $188.1K
NOI $11,283 @ 7.0% cap · market cap 4.92%
Theoretical Best
Healthcare Medical
$256.5K
$224.4K – $299.2K
NOI $17,953 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
806
Businesses Nearby
Explore this area
Business Placement
Demographics for 39531, MS
19,965
Population
9,660
Households
2.1
Avg Household Size
36
Median Age
34%
College-Educated
91%
High-School Grad
6.6 sq mi
ZIP Area
3,025
Density / Sq Mi
$54,599
Median Household Income
$37,293
Median Earnings
$1,066
Median Rent
$193,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two connected buildings provide flexible commercial space with public water and sewer service, a kitchen-ready main structure, and off-street parking.
Where is this mixed-use property located?
The property is located at 266 Debuys Road Biloxi, MS.
What is the asking price?
The asking price for this property is $229,150.
What are key features of this property?
This property features: 1,592 square feet across two connected buildings; Main building measures 1,128 square feet with bathroom and kitchen plumbing and electrical in place; Second building provides 464 square feet with water and sewer connections
