Self-Storage Facility Under
For Sale
$139,975
458 Bay View Lane Phase 1, Biloxi, MS 39530
Commercial Sale, Biloxi, MS
Property Size1,000 SF
Price / SF$139.98
Days on Market725
Property Features for 458 Bay View Lane Phase 1
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning description
Waterfront
Standard status
Active
APN
9999
Size
1,000 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
1 of 63 units Bayside Luxury Condos
Tax Annual Amount
1
Legal Description
1 of 63 units Bayside Luxury Condos
Amenities
gated
secure
climate controlled
Building Details
Year built
2024
Listing Agency:
Weichert Realtors Gulf Properties
(228) 400-4853
Listed By:
Thomas L Reynolds · License #S52647
(228) 617-3048
Added: Sep 4, 2024
Changed: Aug 26
Last Checked: Aug 29 at 3:06AM
MLS# 4090430
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 self-storage facility at 458 Bay View Lane in Biloxi is under construction and comprises 1,000 square feet of storage space. The property was built in 2024 and is gated. The space can be heated and cooled, supporting storage of boats, motorhomes, or business inventory.
The facility is located in Biloxi, Mississippi, within Harrison County. Its configuration is suited to users seeking dedicated storage rather than short-term rental space.
The facility is located in Biloxi, Mississippi, within Harrison County. Its configuration is suited to users seeking dedicated storage rather than short-term rental space.
Key Highlights
- 1,000 square feet of storage space
- Under construction with a 2024 build year
- Gated facility
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
$6,771
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
4.84%
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%
$135,420
$135.4K
Cap Rate 7%
$96,729
$96.7K
Cap Rate 9%
$75,233
$75.2K
Market Conditions
NOI Build-Up for 1,000 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
$8.6K $8.64/SF
− Vacancy
−$674 −$0.67/SF
EGI
$8.0K $7.97/SF
− OpEx
−$1.2K −$1.19/SF
NOI
$6.8K $6.77/SF
Area
Harrison County, MS
Vacancy
7.80%
Lease Rate
$8.64 /SF/Yr
Expense Ratio
15.00%
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%
$135,420
Cap Rate 7%
$96,729
Cap Rate 9%
$75,233
Alternative Uses
Best Use
Warehouse
$96.7K
$84.6K – $112.9K
NOI $6,771 @ 7.0% cap · market cap 4.84%
Second Best
Self Storage
$95.9K
$83.9K – $111.9K
NOI $6,712 @ 7.0% cap · market cap 4.80%
Theoretical Best
Healthcare Medical
$161.1K
$141.0K – $188.0K
NOI $11,277 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
141
Businesses Nearby
Explore this area
Business Placement
Demographics for 39530, MS
8,392
Population
4,533
Households
1.9
Avg Household Size
41
Median Age
18%
College-Educated
82%
High-School Grad
4.5 sq mi
ZIP Area
1,865
Density / Sq Mi
$39,755
Median Household Income
$26,222
Median Earnings
$821
Median Rent
$149,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Gated storage space designed for heating and cooling, with applications for boats, motorhomes, and business inventory.
Where is this self storage facility located?
The property is located at 458 Bay View Lane Phase 1 Biloxi, MS.
What is the asking price?
The asking price for this property is $139,975.
What are key features of this property?
This property features: 1,000 square feet of storage space; Under construction with a 2024 build year; Gated facility
