Freestanding Office
1117 Washington Avenue, Ocean Springs, MS 39564
For Sale
$625,000
Commercial Sale, Ocean Springs, MS
Property Size2,444 SF
Lot Size0.39 Acres
Price / SF$255.73
Days on Market21
Property Features for 1117 Washington Avenue
General Information
Property type
Property subtype
Zoning description
Parking features
Lot features
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Flooring type
Roof type
Buildings
Listing Agency:
Coldwell Banker Alfonso Smith · Coldwell Banker Real Estate
(228) 875-1272
Listed By:
Kim R Bush · License MS S42877
(228) 233-6336
Added: Oct 23
Changed: Nov 9
Last Checked: Nov 12 at 8:06AM
MLS# 4166446
Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1910, this freestanding office property offers 2,444 square feet on a 0.39-acre parcel. Interior details include ceilings higher than 11 feet, wood and tile flooring, and a HardiPlank exterior. Central heating and electric central air conditioning serve the building, with a shingle roof and public water and sewer. Cable is available, and a parking lot sits behind the building, with entry from Iberville Drive.
The property occupies the Washington Avenue and Bienville Boulevard/Hwy 90 intersection in Ocean Springs, near downtown arts and dining and Front Beach. Washington Avenue carries approximately 35,000 vehicles per day, while Hwy 90 carries 26,000 vehicles per day. CH zoning is also in place.
The property occupies the Washington Avenue and Bienville Boulevard/Hwy 90 intersection in Ocean Springs, near downtown arts and dining and Front Beach. Washington Avenue carries approximately 35,000 vehicles per day, while Hwy 90 carries 26,000 vehicles per day. CH zoning is also in place.
Key Highlights
- 2,444‑square‑foot building on a 0.39‑acre lot
- Constructed in 1910 with ceilings exceeding 11 feet
- Corner position at Washington Avenue and Bienville Boulevard/Hwy 90
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,771
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$695,420
$695.4K
Cap Rate 7%
$496,729
$496.7K
Cap Rate 9%
$386,344
$386.3K
Market Conditions
NOI Build-Up for 2,444 SF
Gross rent
$58.7K $24.00/SF
− Vacancy
−$12.3K −$5.03/SF
EGI
$46.4K $18.97/SF
− OpEx
−$11.6K −$4.74/SF
NOI
$34.8K $14.23/SF
Area
Jackson County, MS
Vacancy
20.96%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$695,420
Cap Rate 7%
$496,729
Cap Rate 9%
$386,344
Alternative Uses
Best Use
Office B
$496.7K
$434.6K – $579.5K
NOI $34,771 @ 7.0% cap · market cap 5.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$667.7K
$584.2K – $779.0K
NOI $46,737 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
896
Businesses Nearby
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
$220,000
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Jackson County, MS
Properties on Market for Office buildings in Jackson County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A distinctive professional setting with wood and tile floors, central heating and cooling, and rear-lot parking.
Where is this office building located?
The property is located at 1117 Washington Avenue Ocean Springs, MS.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 2,444‑square‑foot building on a 0.39‑acre lot; Constructed in 1910 with ceilings exceeding 11 feet; Corner position at Washington Avenue and Bienville Boulevard/Hwy 90
