Building Details

Year Built 2018

Listing Agency: Coldwell Banker Alfonso Realty-Pascag

Listed By: Ricky L Sutherland · License #7843 Show Phone

Source: Fiorellaavenue

Added: Dec 3, 2025 Changed: Sep 13 Last Checked: Oct 5 at 9:33PM

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Investment Insights

Based on property information with market context.

This established retail strip center is 100% occupied and includes Subway, who recently renewed their lease. The property is situated on a 0.57-acre lot.

Key Highlights

• 100% occupied, providing immediate income.
• Established 3 tenant strip center.
• Subway tenant recently renewed lease.

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 (±1% cap)

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 (±1% cap)

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

Subway Take-out & Catering On The Fly Wine & Liquor (Bike/Boat/Book/etc) Store Amour Nails Spa Nail Salon

Suggested Use

Top Pick Electrical Service Plumbing Service Law Firm Spa & Massage Center Carpet & Flooring Store Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

36

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

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this strip malls located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Strip mall - Fully occupied retail strip center with established tenants.

Where is this strip mall located?

The property is located at 12258 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: 100% occupied, providing immediate income.; Established 3 tenant strip center.; Subway tenant recently renewed lease.