Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    339 Division St Biloxi, MS 39530

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $7 SF/Yr ($14,974 /Mo)

    Spacious warehouse with apartment in downtown Biloxi, Mississippi.

    Property size:
    25,670 SF
    Lot size:
    2.20 Acres

    Property Features for 339 Division St

    General Information

    Size
    25,670 SF
    Lot size
    2.20 Acres

    We can help!

    Listing Contact
    Tim Carlson
    Source: Moodyscre

    Listing Agent: Tim Carlson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Downtown Biloxi Warehouse with Apartment

    Located in downtown Biloxi, MS, this property features a 25,670 square-foot warehouse and an additional 2,400 square-foot building. The buildings are designed with multiple large roll-up doors for accessibility. The two-acre site is fully enclosed by security fencing and provides abundant parking space. The warehouse includes skylights that provide natural light and an upstairs efficiency apartment equipped with a kitchen and bathroom. Zoned B2, this industrial property offers versatility for a wide range of business ventures.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Marine Diesel Engine ... Marine Supply Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Biloxi
    County
    Harrison
    State
    Mississippi
    Longitude
    -88.868823
    Latitude
    30.402563

    Nearby Similar for Lease

    • $2,000 /Mo
      1,800 SF

      Prime Commercial Space Available

      High-visibility commercial space for lease in West Biloxi.
      2575 Pass Rd Lot, Biloxi, MS 39531
      View Details
    • New
      $1,100 /Mo
      645 SF

      Retail/Office Space in Biloxi

      645 SF retail or office space available for lease.
      2463 Pass Rd, Biloxi, MS 39531
      View Details
    • New
      $1,450 /Mo
      1,555 SF

      Renovated Office Space Available

      Updated office space in established area, ready for your business.
      2628 Executive Pl, Biloxi, MS 39531
      View Details
    • $1,600 /Mo
      750 SF

      Retail Space in Prime Location

      Former salon available for rent in Biloxi, Mississippi.
      219 Porter Ave, Biloxi, MS 39530
      View Details
    • $2,500 /Mo
      1,360 SF

      Downtown Biloxi Office Space

      Prime location near Courthouse with well-appointed office space.
      175 Main St Lot, Biloxi, MS 39530
      View Details
    • $1,400 /Mo
      1,200 SF

      Biloxi Office Space For Lease

      Office space for lease with road frontage visible from I-10.
      8579 W Oaklawn Rd, Biloxi, MS 39532
      View Details
    • $2,200 /Mo
      1,525 SF

      Retail Space on Popps Ferry

      Retail space available in D'Iberville with high traffic.
      4495 Popps Fry Rd Lot, Diberville, MS 39540
      View Details
    • $1,635 /Mo
      1,067 SF

      New Construction Office Warehouse Suites

      Office warehouse flexspace for lease in Ocean Springs, MS.
      14313 Cullen St, Biloxi, MS 39532
      View Details
    • $2,200 /Mo
      1,750 SF

      Retail Space on Popps Ferry

      Retail space available on Popps Ferry Road in D'Iberville.
      4495 Popps Fry Rd Lot, Diberville, MS 39540
      View Details
    • $3,360 /Mo
      3,360 SF

      New Commercial Building in D'Iberville

      Newly constructed 3360 sq ft commercial space for lease.
      4492 Popps Ferry Rd, Diberville, MS 39540
      View Details
    • New
      $2,000 /Mo
      1,830 SF

      Downtown Biloxi Retail Space Available

      Prime retail location in the heart of downtown Biloxi.
      1001 W Howard Ave, Biloxi, MS 39530
      View Details
    • $30 SF/Yr
      1,138 SF

      Promenade Retail Space Available

      Prime retail opportunity in a high-traffic shopping destination.
      3920 Promenade Pkwy, Diberville, MS 39540
      View Details

    FAQs

    What type of property is this?
    Warehouse - Spacious warehouse with apartment in downtown Biloxi, Mississippi.
    Where is this warehouse located?
    The property is located at 339 Division St Biloxi, MS.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: - Expansive 25,670 square-foot warehouse and additional 2,400 square-foot building.; - Prime downtown Biloxi, MS location.; - Zoned B2, offering exceptional versatility for a wide range of business ventures.
    (228) 868-8681
    Request Owner's contact information
    339 Division St Biloxi, MS 39530
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    339 Division St
    Biloxi, MS 39530
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    339 Division St Biloxi, MS 39530
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Tim Carlson
    (228) 868-8681
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.