Strip Center with
For Sale
$1,300,000
12242 Ms-67 Shriners Boulevard, Biloxi, MS 39532
Commercial Sale, Biloxi, MS
Property Size4,500 SF
Lot Size2.00 Acres
Price / SF$288.89
Days on Market450
Property Features for 12242 Ms-67 Shriners Boulevard
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Regional Business
Directions
I-10 to Woolmarket exit north on Shriners Blvd. Property is on the right
Standard status
Active
APN
1108h-01-006.001
Size
4,500 SF
Lot size
2.00 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOTS 2 & 3 MUNRO SUBD SEC 3-7-10
Tax Annual Amount
1548
Legal Description
LOTS 2 & 3 MUNRO SUBD SEC 3-7-10
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2025
Floors in Building
1
Listing Agency:
Coldwell Banker Alfonso Realty-Pascag · Coldwell Banker Real Estate
(228) 769-7777
Listed By:
Ricky L Sutherland · License #7843
(228) 217-0087
Added: Jul 17, 2025
Changed: Oct 8
Last Checked: Oct 9 at 2:06AM
MLS# 4119633
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.
Investment Insights
Based on property information with market context.
Built in 2025, this three-suite strip center contains 4,500 square feet on a 2-acre parcel. Suites A and B are leased, while Suite C is available and includes a drive-through window.
The property has central heating and central air conditioning, along with public water and sewer service. Cable is available.
The property has central heating and central air conditioning, along with public water and sewer service. Cable is available.
Key Highlights
- 4,500‑square‑foot strip center on 2 acres
- Suite C includes a drive‑through window and is available for lease
- Suites A and B are currently leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,467
Cap Rate
3.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$809,340
$809.3K
Cap Rate 7%
$578,100
$578.1K
Cap Rate 9%
$449,633
$449.6K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$63.2K $14.04/SF
− Vacancy
−$5.4K −$1.19/SF
EGI
$57.8K $12.85/SF
− OpEx
−$17.3K −$3.85/SF
NOI
$40.5K $8.99/SF
Area
Harrison County, MS
Vacancy
8.50%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$809,340
Cap Rate 7%
$578,100
Cap Rate 9%
$449,633
Alternative Uses
Best Use
Retail
$578.1K
$505.8K – $674.5K
NOI $40,467 @ 7.0% cap · market cap 3.11%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$725.0K
$634.3K – $845.8K
NOI $50,747 @ 7.0% cap · market cap 3.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
121
Businesses Nearby
Explore this area
Business Placement
Demographics for 39532, MS
34,348
Population
15,466
Households
2.2
Avg Household Size
39
Median Age
26%
College-Educated
86%
High-School Grad
82.2 sq mi
ZIP Area
418
Density / Sq Mi
$65,892
Median Household Income
$40,751
Median Earnings
$1,098
Median Rent
$227,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Strip mall - Three retail suites include central heating and air conditioning, with public water and sewer service.
Where is this strip mall located?
The property is located at 12242 Ms-67 Shriners Boulevard Biloxi, MS.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 4,500‑square‑foot strip center on 2 acres; Suite C includes a drive‑through window and is available for lease; Suites A and B are currently leased
