Multi-Tenant Retail Flex
For Sale
Contact for pricing
Pending
10354 LEMOYNE BLVD, Diberville, MS 39540
Multi-tenant retail building with prominent Lemoyne Blvd signage exposure and more than 20 front-row parking spaces.
Property Size10,319 SF
Lot Size1.35 Acres
Days on Market125
Property Features for 10354 LEMOYNE BLVD
General Information
Standard status
Pending
Size
10,319 SF
Class
B
Total Parking Spaces
23
Lot size
1.35 Acres
Property subtype
Retail
Zoning
C2
Occupancy
100%
Lease Type
NNN
Investment Type
Core
Net Operating Income
$109,124
Building Details
Year Built
2019
Buildings
2
Stories
1
Units
3
Tenancy
Multi
Listing Agency:
Molyneaux Group
Listed By:
Doug Molyneaux, CCIM 228.273.1660 · License #MS 21811
Source:
Crexi
Added: May 6
Changed: Aug 22
Last Checked: Sep 7 at 5:55AM
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 Molyneaux Group
Investment Insights
Based on property information with market context.
10354 Lemoyne Boulevard is a multi-tenant retail building constructed in 2019, offering a brick facade and a clean roofline. The center is currently 100% leased to a complementary mix of three tenants.
The property features prominent signage exposure to Lemoyne Blvd traffic. More than 20 striped front-row parking spaces are provided, along with additional paved surface parking at the rear of the building, supporting both customer-facing retail use and back-of-house flex tenant requirements.
C-2 General Commercial zoning is in place, and the property’s multi-tenant configuration makes it suitable for businesses looking to operate within an established, fully occupied shopping center setting.
The property features prominent signage exposure to Lemoyne Blvd traffic. More than 20 striped front-row parking spaces are provided, along with additional paved surface parking at the rear of the building, supporting both customer-facing retail use and back-of-house flex tenant requirements.
C-2 General Commercial zoning is in place, and the property’s multi-tenant configuration makes it suitable for businesses looking to operate within an established, fully occupied shopping center setting.
Key Highlights
- 2019‑built, 10,000 SF multi‑tenant retail building on approximately 1.35 acres
- Prominent signage exposure to Lemoyne Blvd traffic
- Brick facade with a clean roofline
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
$92,795
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
7.17%
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%
$1,855,900
$1.9M
Cap Rate 7%
$1,325,643
$1.3M
Cap Rate 9%
$1,031,056
$1.0M
Market Conditions
NOI Build-Up for 10,319 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
$144.9K $14.04/SF
− Vacancy
−$12.3K −$1.19/SF
EGI
$132.6K $12.85/SF
− OpEx
−$39.8K −$3.85/SF
NOI
$92.8K $8.99/SF
Area
Harrison County, MS
Vacancy
8.50%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
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%
$1,855,900
Cap Rate 7%
$1,325,643
Cap Rate 9%
$1,031,056
Alternative Uses
Best Use
Retail
$1.33M
$1.16M – $1.55M
NOI $92,795 @ 7.0% cap · market cap 7.17%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.66M
$1.45M – $1.94M
NOI $116,367 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
637
Businesses Nearby
Balanced
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
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Frequently Asked Questions
What type of property is this?
Shopping center - Multi-tenant retail building with prominent Lemoyne Blvd signage exposure and more than 20 front-row parking spaces.
Where is this shopping center located?
The property is located at 10354 LEMOYNE BLVD Diberville, MS.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 2019‑built, 10,000 SF multi‑tenant retail building on approximately 1.35 acres; Prominent signage exposure to Lemoyne Blvd traffic; Brick facade with a clean roofline
