Flex Space with Secured
For Sale
$1,199,999
12760 Lorraine Rd, Biloxi, MS 39532
Combined office, warehouse, training, and storage areas support varied commercial operations under one roof.
Property Size7,960 SF
Price / SF$150.75
Days on Market83
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Property Features for 12760 Lorraine Rd
General Information
Standard status
Active
Size
7,960 SF
Property subtype
Commercial
Warehouse & Industrial
Clear Height
22 ft
Office Build-Out
4,000 SF
Amenities
multiple private offices
multiple restrooms
full kitchen
large training/meeting rooms
Building Details
Year Built
2008
Buildings
1
Building Size
7,960 SF
Listing Agency:
Premier Properties
Listed By:
Stacey L Eleuterius Barber
(228) 547-0293
Source:
Propertiesnorthms
Added: Jul 25
Changed: Oct 1
Last Checked: Oct 14 at 11:48PM
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 Premier Properties
Investment Insights
Based on property information with market context.
This 7,960 SF flex space combines approximately 4,000 SF of finished office area with warehouse, storage, and training components. The office portion includes multiple private offices, multiple restrooms, a full kitchen, and large training or meeting rooms. Warehouse functionality includes approximately 22-foot clear height, two roll-up doors measuring approximately 9' wide by 12' high, and a large second-floor storage area for materials, equipment, files, or inventory.
A private drive leads to a secured gate, providing controlled access to the property. The layout supports businesses needing administrative, operational, meeting, and storage areas in one facility. An additional parcel is included and could accommodate another building, storage area, or parking. The property is located at 12760 Lorraine Rd in Biloxi, Mississippi, in the Woolmarket area.
A private drive leads to a secured gate, providing controlled access to the property. The layout supports businesses needing administrative, operational, meeting, and storage areas in one facility. An additional parcel is included and could accommodate another building, storage area, or parking. The property is located at 12760 Lorraine Rd in Biloxi, Mississippi, in the Woolmarket area.
Key Highlights
- 7,960 SF flex space with approximately 4,000 SF of finished office area
- Approximately 22‑foot warehouse clear height
- 2 roll‑up doors approximately 9' W x 12' H
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,444
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,268,880
$1.3M
Cap Rate 7%
$906,343
$906.3K
Cap Rate 9%
$704,933
$704.9K
Market Conditions
NOI Build-Up for 7,960 SF
Gross rent
$103.2K $12.96/SF
− Vacancy
−$18.6K −$2.33/SF
EGI
$84.6K $10.63/SF
− OpEx
−$21.1K −$2.66/SF
NOI
$63.4K $7.97/SF
Area
Harrison County, MS
Vacancy
18.00%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,268,880
Cap Rate 7%
$906,343
Cap Rate 9%
$704,933
Alternative Uses
Best Use
Office B
$906.3K
$793.1K – $1.06M
NOI $63,444 @ 7.0% cap · market cap 5.29%
Second Best
Flex RnD
$879.4K
$769.5K – $1.03M
NOI $61,557 @ 7.0% cap · market cap 5.13%
Theoretical Best
Healthcare Medical
$1.28M
$1.12M – $1.50M
NOI $89,765 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
22 ft
Clear height
Location Intelligence
Trade Area within ½ mile
72
Businesses Nearby
Balanced
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Dixie Hill Garden's & Catering — 12216 Dixie Ave, Biloxi, MS 39532
Frequently Asked Questions
What type of property is this?
Flex space - Combined office, warehouse, training, and storage areas support varied commercial operations under one roof.
Where is this flex space located?
The property is located at 12760 Lorraine Rd Biloxi, MS.
What is the asking price?
The asking price for this property is $1,199,999.
What are key features of this property?
This property features: 7,960 SF flex space with approximately 4,000 SF of finished office area; Approximately 22‑foot warehouse clear height; 2 roll‑up doors approximately 9' W x 12' H
