Flex Space with Commercial
For Sale
$1,695,000
13193 Husley Road, Biloxi, MS 39532
Commercial Sale, Biloxi, MS
Property Size8,750 SF
Lot Size5.31 Acres
Price / SF$193.71
Days on Market92
Property Features for 13193 Husley Road
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
1207m-01-014.000
Size
8,750 SF
Lot size
5.31 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
2.6 AC BEG NW COR OF SE 1/4 OF SW 1/4 SEC 35-6-10 E 329 FT TO HUSLEY RD SLY 40 FT W 200 FT SELY 600 FT E 200 FT TO HUSLEY RD SLY 235 FT W 140 FT TO CTR PARKERS CREEK NLY ALG CREEK N 14 DG W 148.8 FT N 41 DG W 33.4 FT N 76 DG W 67.8 FT N 47 DG W 165.6 FT N 56 DG W 89 FT S 31 DG W 35.5 FT N 50 DG W 13.5 FT N 507 FT TO POB SEC 35-6-10 ** See public remarks for the 2 other parcels. **
Tax Annual Amount
3295
Legal Description
2.6 AC BEG NW COR OF SE 1/4 OF SW 1/4 SEC 35-6-10 E 329 FT TO HUSLEY RD SLY 40 FT W 200 FT SELY 600 FT E 200 FT TO HUSLEY RD SLY 235 FT W 140 FT TO CTR PARKERS CREEK NLY ALG CREEK N 14 DG W 148.8 FT N 41 DG W 33.4 FT N 76 DG W 67.8 FT N 47 DG W 165.6 FT N 56 DG W 89 FT S 31 DG W 35.5 FT N 50 DG W 13.5 FT N 507 FT TO POB SEC 35-6-10 ** See public remarks for the 2 other parcels. **
Building Details
Year built
1995
Listing Agency:
Backwoods Land Company, LLC
(601) 209-4882
Listed By:
Steven L Milner · License #B18659
(601) 941-1622
Added: May 25
Changed: Aug 23
Last Checked: Aug 24 at 4:06PM
MLS# 4150588
Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex property combines an approximately 8,750-square-foot office/warehouse facility with 5.31 acres of land. Built in 1995, the building is currently leased through 2030, providing an established occupancy profile for the property. Regional Business zoning supports a broad range of commercial and business-related uses.
Access is provided by two separate entrances on Husley Road. The primary gate is sized to accommodate semi-truck deliveries and other commercial traffic. The acreage also provides outdoor space associated with the existing facility, including room for equipment storage, contractor operations, or future expansion where permitted. The property is located at 13193 Husley Road in Biloxi, Mississippi.
Access is provided by two separate entrances on Husley Road. The primary gate is sized to accommodate semi-truck deliveries and other commercial traffic. The acreage also provides outdoor space associated with the existing facility, including room for equipment storage, contractor operations, or future expansion where permitted. The property is located at 13193 Husley Road in Biloxi, Mississippi.
Key Highlights
- 5.31 acres in Biloxi, MS
- Approximately 8,750 SF office/warehouse facility
- Currently leased through 2030
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
$69,741
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
4.11%
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%
$1,394,820
$1.4M
Cap Rate 7%
$996,300
$996.3K
Cap Rate 9%
$774,900
$774.9K
Market Conditions
NOI Build-Up for 8,750 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
$113.4K $12.96/SF
− Vacancy
−$20.4K −$2.33/SF
EGI
$93.0K $10.63/SF
− OpEx
−$23.2K −$2.66/SF
NOI
$69.7K $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%
$1,394,820
Cap Rate 7%
$996,300
Cap Rate 9%
$774,900
Alternative Uses
Best Use
Office B
$996.3K
$871.8K – $1.16M
NOI $69,741 @ 7.0% cap · market cap 4.11%
Second Best
Flex RnD
$966.7K
$845.8K – $1.13M
NOI $67,666 @ 7.0% cap · market cap 3.99%
Theoretical Best
Healthcare Medical
$1.41M
$1.23M – $1.64M
NOI $98,674 @ 7.0% cap · market cap 5.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
Well-served
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Leased office/warehouse facility with Regional Business zoning and truck-accessible site entrances.
Where is this flex space located?
The property is located at 13193 Husley Road Biloxi, MS.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: 5.31 acres in Biloxi, MS; Approximately 8,750 SF office/warehouse facility; Currently leased through 2030
