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    152 Gateway Dr Biloxi, MS 39531

    For Sale
    $1,600,000

    High-Yield Office Investment Opportunity

    Property size:
    24,351 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 24,351 square foot office building, situated on a 2.53-acre lot in Biloxi, Mississippi, presents a compelling investment opportunity. Currently priced at $1,600,000, this property is offered significantly below its appraised value, representing a substantial return potential. The building boasts two existing tenants, generating a combined monthly income of $10,650, occupying approximately half of the available space. This leaves ample room for expansion, additional leasing opportunities, or owner-occupancy. Its versatile design makes it ideal for a variety of professional uses, including medical practices, educational institutions, or general office spaces. The property features an expansive parking lot, providing convenient access for tenants and visitors. Its strategic location offers unparalleled convenience, with proximity to Edgewater Mall, numerous apartment complexes, and the Switzer Road Medical-Gulf Coast Outpatient Surgery Center. While close to the beach, the building benefits from an elevated position. For optimal access, entry is recommended via DeBuys Road due to ongoing road construction on Scenic Drive (Highway 90). This prime commercial property offers a unique blend of income generation, growth potential, and a highly desirable location. The substantial below-appraisal pricing makes this an exceptional investment opportunity not to be missed.

    Property Features for 152 Gateway Dr

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    24,351 SF
    Lot Size
    110,207 SF

    Building Details

    Year Built
    1963
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    James Morris Psychiatrist Maureen Stanton, PMHNP Doctor James Allen Rusch Psychiatrist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Biloxi
    County
    Harrison
    State
    Mississippi
    Longitude
    -88.99689
    Latitude
    30.39112

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    FAQs

    What type of property is this?
    Office Property / Space - High-Yield Office Investment Opportunity
    Where is this office property / space located?
    The property is located at 152 Gateway Dr Biloxi, MS.
    What is the asking price?
    The asking price for this property is $1,600,000.
    (228) 287-1000
    Request Owner's contact information
    152 Gateway Dr Biloxi, MS 39531
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    Biloxi, MS 39531
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    152 Gateway Dr Biloxi, MS 39531
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