Turnkey Commercial Kitchen with
For Sale
Contact for pricing
1220 Bienville Blvd, Ocean Springs, MS 39564
High-visibility commercial property with kitchen, dining, and income.
Property Size3,000 SF
Price / SF$199.67
Days on Market175
Property Features for 1220 Bienville Blvd
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Mixed Use, Office, Retail
Zoning
Commercial Highway
Occupancy
33%
Lease Type
Gross
Investment Type
Net Lease
Building Details
Year Built
1970
Year Renovated
2022
Buildings
1
Stories
1
Units
3
Listing Agency:
CENTURY 21 Busch Realty Group
Listed By:
Wilson Kahlmus, CCIM · License #22102
Source:
Crexi
Added: Feb 18
Changed: Aug 8
Last Checked: Jul 17 at 2:14PM
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 CENTURY 21 Busch Realty Group
Investment Insights
Based on property information with market context.
This commercial property offers 3,051 square feet across three units, available individually or as a portfolio. Unit 1222 comprises 760 square feet, while Unit 1224 provides 2,291 square feet, featuring a turnkey commercial kitchen equipped with all equipment and FF&E, along with a covered open-air dining area. The front 672 square feet of Unit 1224 is currently leased at $1,500 per month, generating in-place income. The property has approximately 99 feet of road frontage, ample on-site parking, and separately metered electricity. Strong signage exposure is present along a major corridor experiencing approximately 43,000 average daily traffic. The location is near hospitals, schools, and a growing downtown core, benefiting from dense surrounding residential areas, population and income growth, and limited competing inventory. The property is suited for professional, medical, restaurant, or service-oriented uses seeking visibility and long-term demand.
Key Highlights
- Turnkey commercial kitchen (Unit 1224) with all equipment and FF&E included, ready for immediate operation.
- High‑visibility location with approximately 99 feet of road frontage and strong signage exposure along a major corridor (43,000 average daily traffic).
- In‑place income from front unit (672 SF) currently leased at $1,500 per month.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$44,359
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$887,180
$887.2K
Cap Rate 7%
$633,700
$633.7K
Cap Rate 9%
$492,878
$492.9K
Market Conditions
NOI Build-Up for 3,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$64.1K $21.36/SF
− Vacancy
−$4.9K −$1.64/SF
EGI
$59.1K $19.72/SF
− OpEx
−$14.8K −$4.93/SF
NOI
$44.4K $14.79/SF
Area
Jackson County, MS
Vacancy
7.70%
Lease Rate
$21.36 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$887,180
Cap Rate 7%
$633,700
Cap Rate 9%
$492,878
Alternative Uses
Best Use
Specialty Retail
$633.7K
$554.5K – $739.3K
NOI $44,359 @ 7.0% cap · market cap 7.41%
Second Best
Office B
$609.7K
$533.5K – $711.4K
NOI $42,682 @ 7.0% cap · market cap 7.13%
Theoretical Best
Office A
$819.6K
$717.1K – $956.2K
NOI $57,370 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,073
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - High-visibility commercial property with kitchen, dining, and income.
Where is this mixed-use property located?
The property is located at 1220 Bienville Blvd Ocean Springs, MS.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Turnkey commercial kitchen (Unit 1224) with all equipment and FF&E included, ready for immediate operation.; High‑visibility location with approximately 99 feet of road frontage and strong signage exposure along a major corridor (43,000 average daily traffic).; In‑place income from front unit (672 SF) currently leased at $1,500 per month.
