Restaurant/Bar Space Near
For Sale
$950,000
10096 Gorenflo Road, Diberville, MS 39540
Restaurant/bar with kitchen, additional land, near Scarlet Pearl Casino.
Property Size4,800 SF
Lot Size0.64 Acres
Days on Market384
Property Features for 10096 Gorenflo Road
General Information
Standard status
Active
Size
4,800 SF
Lot size
0.64 Acres
Property subtype
Commercial
Building Details
Building Size
4,800 SF
Year Built
1995
Listing Agency:
Thom Newman, II Realty
(228) 697-9794
Listed By:
Thom H Newman · License #B14638
(228) 697-9794
Source:
Jdanielrealtysells
Added: Aug 6, 2025
Changed: Aug 23
Last Checked: Aug 22 at 12:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Thom Newman, II Realty
Investment Insights
Based on property information with market context.
This property is a restaurant and bar space featuring two restrooms equipped with showers and a kitchen area that includes a hood vent. The location is approximately 1,500 feet from the Scarlet Pearl Casino. The property includes additional land behind the building, measuring approximately 28,000 square feet.
Key Highlights
- Restaurant/Bar space with existing kitchen area and hood vent - ready for your culinary vision.
- Large additional land parcel (approximately 28,000 Sq Ft) for expansion or outdoor seating.
- Close proximity (1,500 feet) to the Scarlet Pearl Casino.
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
$53,549
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
5.64%
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%
$1,070,980
$1.1M
Cap Rate 7%
$764,986
$765.0K
Cap Rate 9%
$594,989
$595.0K
Market Conditions
NOI Build-Up for 4,800 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
$76.6K $15.96/SF
− Vacancy
−$5.2K −$1.09/SF
EGI
$71.4K $14.87/SF
− OpEx
−$17.8K −$3.72/SF
NOI
$53.5K $11.16/SF
Area
Harrison County, MS
Vacancy
6.80%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
25.00%
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%
$1,070,980
Cap Rate 7%
$764,986
Cap Rate 9%
$594,989
Alternative Uses
Best Use
Specialty Retail
$765.0K
$669.4K – $892.5K
NOI $53,549 @ 7.0% cap · market cap 5.64%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$773.3K
$676.6K – $902.2K
NOI $54,130 @ 7.0% cap · market cap 5.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
417
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 39540, MS
12,707
Population
5,444
Households
2.3
Avg Household Size
36
Median Age
20%
College-Educated
88%
High-School Grad
11.4 sq mi
ZIP Area
1,115
Density / Sq Mi
$65,712
Median Household Income
$41,129
Median Earnings
$1,177
Median Rent
$199,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Circle K — 10073 Rodriguez St, D'Iberville, MS 39540
Frequently Asked Questions
What type of property is this?
Bar & Pub - Restaurant/bar with kitchen, additional land, near Scarlet Pearl Casino.
Where is this bar & pub located?
The property is located at 10096 Gorenflo Road Diberville, MS.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Restaurant/Bar space with existing kitchen area and hood vent - ready for your culinary vision.; Large additional land parcel (approximately 28,000 Sq Ft) for expansion or outdoor seating.; Close proximity (1,500 feet) to the Scarlet Pearl Casino.
