Highway Flex
For Sale
$785,000
1111 Bienville Boulevard, Ocean Springs, MS 39564
Open commercial layout combines customer-facing display space with dedicated warehouse area in a concrete block building.
Property Size2,512 SF
Price / SF$312.50
Days on Market67
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Property Features for 1111 Bienville Boulevard
General Information
Standard status
Active
Size
2,512 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1960
Construction
concrete block
Listing Agency:
Coldwell Banker Alfonso Realty-Pascag
Listed By:
Ricky L Sutherland · License #7843
(228) 769-7777
Source:
Fiorellaavenue
Added: Aug 10
Changed: Oct 9
Last Checked: Oct 7 at 2:15PM
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 Coldwell Banker Alfonso Realty-Pascag
Investment Insights
Based on property information with market context.
This flex property is a concrete block building constructed in 1960, with an open interior that combines display space and warehouse area. The configuration provides both customer-facing and back-of-house areas within one commercial structure.
The property fronts Hwy 90 at 1111 Bienville Boulevard in Ocean Springs, Mississippi, and is positioned next to PJ's Coffee. The address places the building within an established highway-oriented commercial setting.
The property fronts Hwy 90 at 1111 Bienville Boulevard in Ocean Springs, Mississippi, and is positioned next to PJ's Coffee. The address places the building within an established highway-oriented commercial setting.
Key Highlights
- Concrete block flex building constructed in 1960
- Open interior with display area and warehouse area
- Located on Hwy 90 at 1111 Bienville Boulevard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,191
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$643,820
$643.8K
Cap Rate 7%
$459,871
$459.9K
Cap Rate 9%
$357,678
$357.7K
Market Conditions
NOI Build-Up for 2,512 SF
Gross rent
$53.7K $21.36/SF
− Vacancy
−$4.1K −$1.64/SF
EGI
$49.5K $19.72/SF
− OpEx
−$17.3K −$6.90/SF
NOI
$32.2K $12.81/SF
Area
Jackson County, MS
Vacancy
7.70%
Lease Rate
$21.36 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$643,820
Cap Rate 7%
$459,871
Cap Rate 9%
$357,678
Alternative Uses
Best Use
Flex RnD
$459.9K
$402.4K – $536.5K
NOI $32,191 @ 7.0% cap · market cap 4.10%
Second Best
Retail
$427.2K
$373.8K – $498.4K
NOI $29,903 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$686.2K
$600.5K – $800.6K
NOI $48,037 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,025
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 39564, MS
42,539
Population
18,908
Households
2.2
Avg Household Size
39
Median Age
40%
College-Educated
94%
High-School Grad
53.3 sq mi
ZIP Area
798
Density / Sq Mi
$77,300
Median Household Income
$43,754
Median Earnings
$1,314
Median Rent
$220,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Eat Drink Love Catering — 701 Bienville Blvd, Ocean Springs, MS 39564
Frequently Asked Questions
What type of property is this?
Flex space - Open commercial layout combines customer-facing display space with dedicated warehouse area in a concrete block building.
Where is this flex space located?
The property is located at 1111 Bienville Boulevard Ocean Springs, MS.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Concrete block flex building constructed in 1960; Open interior with display area and warehouse area; Located on Hwy 90 at 1111 Bienville Boulevard
