Heated & Cooled Storage
For Sale
$139,975
458 Bayview Ave, Biloxi, MS 39530
Own a gated, secure, climate-controlled unit for boat, motorhome, and business inventory storage.
Property Size1,000 SF
Price / SF$139.98
Days on Market738
Property Features for 458 Bayview Ave
General Information
Standard status
Active
Size
1,000 SF
Taxes and HOA fees
Annual Taxes
$1.00
Listing Agency:
Weichert Rltrs-Gulf Properties
(228) 400-4853
Listed By:
Thomas L Reynolds · License #S52647
(228) 617-3048
Source:
Exprealty
Added: Sep 4, 2024
Changed: Aug 20
Last Checked: Sep 10 at 1:12PM
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 Weichert Rltrs-Gulf Properties
Investment Insights
Based on property information with market context.
This for-sale storage unit offers heated and cooled space for flexible use, including storing a boat, motorhome, or business inventory. The unit size is approximately 1,000 square feet, providing room to keep items protected and organized.
The property is located at 458 Bayview Ave in Biloxi, Mississippi. Access is managed through a gated and secure setup, designed to help keep stored belongings under controlled access.
For buyers looking to own their storage rather than rent, this configuration supports both practical storage needs and personal use such as a dedicated place to keep vehicles or seasonal items. The climate-controlled environment can be especially useful for protecting temperature-sensitive inventory and equipment. If you need one unit that can accommodate larger recreational items and routine business storage in a secure, gated setting, this property is positioned for that straightforward purpose.
The property is located at 458 Bayview Ave in Biloxi, Mississippi. Access is managed through a gated and secure setup, designed to help keep stored belongings under controlled access.
For buyers looking to own their storage rather than rent, this configuration supports both practical storage needs and personal use such as a dedicated place to keep vehicles or seasonal items. The climate-controlled environment can be especially useful for protecting temperature-sensitive inventory and equipment. If you need one unit that can accommodate larger recreational items and routine business storage in a secure, gated setting, this property is positioned for that straightforward purpose.
Key Highlights
- Own a 1,000 SF storage unit for a boat, motorhome, and business inventory
- Unit can be heated and cooled for climate‑controlled storage
- Gated and secure access for added protection
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
$6,712
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
4.80%
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%
$134,240
$134.2K
Cap Rate 7%
$95,886
$95.9K
Cap Rate 9%
$74,578
$74.6K
Market Conditions
NOI Build-Up for 1,000 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
$10.6K $10.56/SF
− Vacancy
−$972 −$0.97/SF
EGI
$9.6K $9.59/SF
− OpEx
−$2.9K −$2.88/SF
NOI
$6.7K $6.71/SF
Area
Harrison County, MS
Vacancy
9.20%
Lease Rate
$10.56 /SF/Yr
Expense Ratio
30.00%
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%
$134,240
Cap Rate 7%
$95,886
Cap Rate 9%
$74,578
Alternative Uses
Best Use
Self Storage
$95.9K
$83.9K – $111.9K
NOI $6,712 @ 7.0% cap · market cap 4.80%
Second Best
Industrial
$71.4K
$62.5K – $83.3K
NOI $4,996 @ 7.0% cap · market cap 3.57%
Theoretical Best
Healthcare Medical
$161.1K
$141.0K – $188.0K
NOI $11,277 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
Explore this area
Business Placement
Demographics for 39530, MS
8,392
Population
4,533
Households
1.9
Avg Household Size
41
Median Age
18%
College-Educated
82%
High-School Grad
4.5 sq mi
ZIP Area
1,865
Density / Sq Mi
$39,755
Median Household Income
$26,222
Median Earnings
$821
Median Rent
$149,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Self storage facility - Own a gated, secure, climate-controlled unit for boat, motorhome, and business inventory storage.
Where is this self storage facility located?
The property is located at 458 Bayview Ave Biloxi, MS.
What is the asking price?
The asking price for this property is $139,975.
What are key features of this property?
This property features: Own a 1,000 SF storage unit for a boat, motorhome, and business inventory; Unit can be heated and cooled for climate‑controlled storage; Gated and secure access for added protection
