Office Space with Open
For Sale
Contact for pricing
10216 3rd Avenue, Diberville, MS 39540
The layout includes offices, a kitchenette, bathrooms, and a large open area.
Property Size2,500 SF
Price / SF$1.00
Days on Market48
Property Features for 10216 3rd Avenue
General Information
Standard status
Active
Size
2,500 SF
Property Condition
Severity
Repairs Needed
Evidence
minor build-out modifications
Listing Agency:
Coastal Realty Group
(228) 280-8026
Listed By:
Stacey Butera · License #B25006
(228) 861-6501
Source:
Myfrontgaterealty
Added: Sep 14
Changed: Oct 25
Last Checked: Oct 30 at 2:34PM
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 Coastal Realty Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,500-square-foot office unit at 10216 3rd Avenue includes at least 2 offices, 2 bathrooms, a kitchenette, and a small warehouse area. A large open room provides additional interior space for office functions, meetings, training, or workstations. The property was formerly used as a place of worship.
The owner is a licensed contractor and will discuss minor build-out modifications as needed. The D'Iberville location places the space on 3rd Avenue within a commercial setting suitable for office use.
The owner is a licensed contractor and will discuss minor build-out modifications as needed. The D'Iberville location places the space on 3rd Avenue within a commercial setting suitable for office use.
Key Highlights
- 2,500‑square‑foot office unit
- At least 2 offices and 2 bathrooms
- Large open area for meetings, training, or workstations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,926
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,520
$398.5K
Cap Rate 7%
$284,657
$284.7K
Cap Rate 9%
$221,400
$221.4K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$32.4K $12.96/SF
− Vacancy
−$5.8K −$2.33/SF
EGI
$26.6K $10.63/SF
− OpEx
−$6.6K −$2.66/SF
NOI
$19.9K $7.97/SF
Area
Harrison County, MS
Vacancy
18.00%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,520
Cap Rate 7%
$284,657
Cap Rate 9%
$221,400
Alternative Uses
Best Use
Office B
$284.7K
$249.1K – $332.1K
NOI $19,926 @ 7.0% cap · market cap 797.04%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$402.8K
$352.4K – $469.9K
NOI $28,193 @ 7.0% cap · market cap 1,127.72%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
570
Businesses Nearby
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The layout includes offices, a kitchenette, bathrooms, and a large open area.
Where is this office unit located?
The property is located at 10216 3rd Avenue Diberville, MS.
What are key features of this property?
This property features: 2,500‑square‑foot office unit; At least 2 offices and 2 bathrooms; Large open area for meetings, training, or workstations
