Flex Space with Secured
New
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 Market4
Property Features for 12760 Lorraine Rd
General Information
Standard status
Active
Size
7,960 SF
Warehouse & Industrial
Clear Height
22 ft
Office Build-Out
4,000 SF
Taxes and HOA fees
Annual Taxes
$5,278
Amenities
multiple private offices
multiple restrooms
full kitchen
large training/meeting rooms
Building Details
Buildings
1
Building Size
7,960 SF
Listing Agency:
Premier Properties
(228) 547-0293
Listed By:
Stacey L Eleuterius Barber
(228) 547-0293
Source:
Exprealty
Added: Aug 28
Changed: Aug 31
Last Checked: Aug 31 at 9:18AM
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 = 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
$63,444
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
5.29%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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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
