Building Details

Year Built 1977

Listing Agency: Coldwell Banker Alfonso Realty-Lorraine Rd

Listed By: Sam Ford · License #B4936 Show Phone

Source: Fiorellaavenue

Added: Jul 2 Changed: Oct 4 Last Checked: Oct 7 at 2:52PM

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Investment Insights

Based on property information with market context.

This flex property combines a front retail/workshop area with back shop bays, served by four roll-up door bays. The layout includes a workshop and retail space with three offices located toward the front of the building.

The property is located on the north side of Bienville Blvd in Ocean Springs, MS, nearly next door to McDonald’s and near a new Aldi’s supermarket.

A car dealer is currently using one retail space and two of the bays and pays $1,700 per month.

Key Highlights

• Flex shop and retail space on Bienville Blvd., N/S, near McDonalds and new Aldi’s Supermarket
• Front includes three offices, plus retail space and a workshop area
• 4 roll‑up door bays provide dedicated loading/garage access

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$39,009

Cap Rate

7.36%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$780,180 $780.2K

Cap Rate 7%

$557,271 $557.3K

Cap Rate 9%

$433,433 $433.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,044 SF

Gross rent

$65.0K $21.36/SF

− Vacancy

−$5.0K −$1.64/SF

EGI

$60.0K $19.72/SF

− OpEx

−$21.0K −$6.90/SF

NOI

$39.0K $12.81/SF

Area

Jackson County, MS

Vacancy

7.70%

Lease Rate

$21.36 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$780,180

Cap Rate 7%

$557,271

Cap Rate 9%

$433,433

Alternative Uses

Best Use

Flex RnD

$557.3K

$487.6K – $650.2K (±1% cap)

NOI $39,009 @ 7.0% cap · market cap 7.36%

Second Best

Retail

$517.7K

$453.0K – $603.9K (±1% cap)

NOI $36,236 @ 7.0% cap · market cap 6.84%

Theoretical Best

Office A

$831.6K

$727.6K – $970.2K (±1% cap)

NOI $58,211 @ 7.0% cap · market cap 10.98%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

The Auto Connect LLC Car Dealership Mr. B's Of Ocean ... Auto Repair Shop

Suggested Use

Top Pick Parking Lot & Garage Building Supply Electrical Service Furniture & Home Goods Auto Parts Store HVAC Service

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

Lease Details

4

Drive-in doors

Location Intelligence

Trade Area within ½ mile

1,073

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 39564, MS

42,539

Population

18,908

Households

2.2

Avg Household Size

39

Median Age

40%

College-Educated

94%

High-School Grad

53.3 sq mi

ZIP Area

798

Density / Sq Mi

$77,300

Median Household Income

$43,754

Median Earnings

$1,314

Median Rent

$220,000

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Flex shop and retail space includes three front offices and four roll-up door bays.

Where is this flex space located?

The property is located at 1309 Bienville Boulevard Ocean Springs, MS.

What is the asking price?

The asking price for this property is $530,000.

What are key features of this property?

This property features: Flex shop and retail space on Bienville Blvd., N/S, near McDonalds and new Aldi’s Supermarket; Front includes three offices, plus retail space and a workshop area; 4 roll‑up door bays provide dedicated loading/garage access