Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    939 Tommy Munro Dr Biloxi, MS 39532

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $536,000

    2.2 acres approved for boat and RV storage facility.

    Lot size:
    2.18 Acres

    Property Features for 939 Tommy Munro Dr

    General Information

    Standard status
    Active
    Lot size
    2.18 Acres

    We can help!

    Listing Contact
    Thom H Newman
    Source: Exitrealty

    Listing Agency: Thom Newman, II Realty Listing Agent: Thom H Newman

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

    Learn more

    Overview

    Land Approved for Storage Facility

    This property features approximately 2.2 acres approved for a boat and RV storage facility. The site has undergone preliminary work, including tree removal and dirt work to level the lot. Engineering plans are available, and some variances have been approved. The plans can be used for enclosed storage units. A survey and site design are also available. The surrounding area is experiencing new development, including a Neighborhood Walmart and apartments.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Biloxi
    County
    Harrison
    State
    Mississippi
    Longitude
    -88.9406479
    Latitude
    30.4435885

    Nearby Similar for Sale

    • $648,000
      6,384 SF

      Biloxi Flex Space Opportunity

      Flex space building on 0.81 acres in Biloxi, MS.
      198 Main St, Biloxi, MS 39530
      View Details
    • $525,000
      7,021 SF

      Commercial Building on Busy Pass

      Commercial building on Pass Rd, ideal for retail/office/mixed-use.
      2733 Pass Rd, Biloxi, MS 39531
      View Details
    • $595,000
      1,435 SF

      Turn-Key Commercial Building in Biloxi

      High-traffic location suitable for various businesses, FF&E negotiable.
      934 Cedar Lake Rd, Biloxi, MS 39532
      View Details
    • $150,000
      1,350 SF

      Biloxi Office Building For Sale

      Functional office building in a sought-after Biloxi business district.
      759 Mcelroy St, Biloxi, MS 39530
      View Details
    • $349,900
      3,200 SF

      Biloxi Commercial Investment Opportunity

      Commercial property in Biloxi, zoned RB (Regional Business).
      282 Lameuse St, Biloxi, MS 39530
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Near Growing Housing

      Retail space in a fast-growing area, available February 2026.
      14432 Lamey Bridge Rd, Diberville, MS 39540
      View Details
    • $739,999
      3,326 SF

      Biloxi Commercial Opportunity Near Casino Row

      Two-story property suitable for bed & breakfast or event venue.
      133 Myrtle St, Biloxi, MS 39530
      View Details
    • $649,000
      3,650 SF

      D'Iberville Daycare Facility For Sale

      Existing daycare facility on high-traffic road, strong visibility, easy access.
      4247 Popp's Fry Rd, Diberville, MS 39540
      View Details
    • $329,000
      1,592 SF

      Charming Commercial Property in Biloxi

      Well-maintained commercial property suitable for various business ventures.
      266 Debuys Rd, Biloxi, MS 39531
      View Details
    • New
      $449,000
      Pending

      Downtown Biloxi Mixed-Use Opportunity

      Mixed-use property in vibrant Biloxi, suitable for various business ventures.
      250 Caillavet St, Biloxi, MS 39530
      View Details
    • New
      $375,000
      Pending

      D'Iberville Commercial Property For Sale

      High visibility commercial property on Popps Ferry Road.
      4511 Popps Ferry Rd, Diberville, MS 39540
      View Details
    • $890,000
      6.91 Acres

      Waterfront Land with Bay Views

      6.9 acres of waterfront property with stunning bay views.
      15117 Hummingbird Ln, Biloxi, MS 39532
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.2 acres approved for boat and RV storage facility.
    Where is this commercial land located?
    The property is located at 939 Tommy Munro Dr Biloxi, MS.
    What is the asking price?
    The asking price for this property is $536,000.
    What are key features of this property?
    This property features: - Approved for boat and RV storage facility.; - Approximately $100,000 of work already completed, including tree removal and leveling.; - Engineering plans available for enclosed storage units.
    (228) 697-9794
    Request Owner's contact information
    939 Tommy Munro Dr Biloxi, MS 39532
    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.
    939 Tommy Munro Dr
    Biloxi, MS 39532
    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
    939 Tommy Munro Dr Biloxi, MS 39532
    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
    Thom H Newman
    Real Estate License ID: B14638
    (228) 697-9794 (228) 396-5853
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!