Freestanding Office
New
For Sale
$625,000
1117 Washington Avenue, Ocean Springs, MS 39564
Commercial Sale, Ocean Springs, MS
Property Size2,444 SF
Lot Size0.39 Acres
Price / SF$255.73
Days on Market4
Property Features for 1117 Washington Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Parking Lot
Lot features
City Lot, City Lot
Standard status
Active
APN
6-01-19-040.000
Size
2,444 SF
Lot size
0.39 Acres
Additional Details
Property Use
Office
Taxes and HOA fees
Tax Year
2025
Tax Description
BEG SW INTERS WASHINGTON AVE & IBERVILLE ST S 122' S 81 DEG W 140' N 122' S 81 DEG E 140' TO POB DB 1346-530 (214 MAP784.19-03)
Tax Annual Amount
4897
Legal Description
BEG SW INTERS WASHINGTON AVE & IBERVILLE ST S 122' S 81 DEG W 140' N 122' S 81 DEG E 140' TO POB DB 1346-530 (214 MAP784.19-03)
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1910
Floors in Building
2
Flooring type
Tile - Ceramic, Wood
Roof type
Shingle
Buildings
1
Listing Agency:
Coldwell Banker Alfonso Realty-OS-B/O · Coldwell Banker Real Estate
(228) 875-1272
Listed By:
Kim R Bush · License #S42877
(228) 233-6336
Added: Oct 23
Changed: Oct 26
Last Checked: Oct 26 at 10:06AM
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 contains 2,444 square feet on a 0.39-acre lot. Interior details include ceilings over 11 feet and wood and tile flooring, with a HardiPlank exterior. Central heating and air conditioning serve the building, and CH zoning applies.
The property occupies the corner of Washington Avenue and Bienville Boulevard in Ocean Springs, near downtown arts and dining destinations and Front Beach. A private parking lot sits behind the building, with access from Iberville Drive. Public water and sewer service the property, and cable is available.
The property occupies the corner of Washington Avenue and Bienville Boulevard in Ocean Springs, near downtown arts and dining destinations and Front Beach. A private parking lot sits behind the building, with access from Iberville Drive. Public water and sewer service the property, and cable is available.
Key Highlights
- 2,444‑square‑foot office building on a 0.39‑acre lot
- Built in 1910, with ceilings over 11 feet
- CH zoning
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.
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Current Use
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
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A 1910 property features wood and tile floors, high ceilings, and a private rear parking area.
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 office building on a 0.39‑acre lot; Built in 1910, with ceilings over 11 feet; CH zoning
