Two-Story Commercial Conversion
For Sale
$695,000
133 Myrtle St, Biloxi, MS 39530
Two-story property on Myrtle Street zoned for commercial business, with an additional lot behind for parking or expansion.
Property Size3,387 SF
Price / SF$205.20
Days on Market105
Property Features for 133 Myrtle St
General Information
Standard status
Active
Size
3,387 SF
Property subtype
Commercial
Building Details
Year Built
2007
Stories
2
Listing Agency:
Coastal Realty Group
Listed By:
Stacey Butera · License #B25006
(228) 861-6501
Source:
Propertiesnorthms
Added: Jul 5
Changed: Oct 1
Last Checked: Oct 16 at 8:58AM
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 Coastal Realty Group
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Investment Insights
Based on property information with market context.
This two-story property at 133 Myrtle St. features 5 bedrooms and 5 bathrooms and is offered as a flexible conversion opportunity. The sellers note it may be adapted for uses such as a bed & breakfast, retail, mixed-use office space, or a wedding and special event venue. A Matterport virtual tour is available to review the existing layout, including the ability to toggle off furnishings for better sightlines.
The City of Biloxi has zoned the entire area for Commercial Business. The remarks state Myrtle Street is within walking distance of Casino Row, the Seafood and Maritime Museum, local restaurants, and St. Michael’s Catholic Church, with the George Ohr Museum and downtown Biloxi described as a short drive away. An additional lot behind the home may be purchased to support additional parking and/or expansion.
The City of Biloxi has zoned the entire area for Commercial Business. The remarks state Myrtle Street is within walking distance of Casino Row, the Seafood and Maritime Museum, local restaurants, and St. Michael’s Catholic Church, with the George Ohr Museum and downtown Biloxi described as a short drive away. An additional lot behind the home may be purchased to support additional parking and/or expansion.
Key Highlights
- Two‑story property on Myrtle Street (Biloxi) zoned for commercial business by the City of Biloxi
- Built in 2007, offering over 2,500 sq ft with 5 bedrooms and 5 bathrooms
- Space can be repurposed for uses such as bed & breakfast, retail, mixed‑use office, or event venue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,427
Cap Rate
2.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$388,540
$388.5K
Cap Rate 7%
$277,529
$277.5K
Cap Rate 9%
$215,856
$215.9K
Market Conditions
NOI Build-Up for 3,387 SF
Gross rent
$46.7K $13.80/SF
− Vacancy
−$5.8K −$1.73/SF
EGI
$40.9K $12.08/SF
− OpEx
−$21.5K −$6.34/SF
NOI
$19.4K $5.74/SF
Area
Harrison County, MS
Vacancy
12.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$388,540
Cap Rate 7%
$277,529
Cap Rate 9%
$215,856
Alternative Uses
Best Use
Hotel Hospitality
$277.5K
$242.8K – $323.8K
NOI $19,427 @ 7.0% cap · market cap 2.80%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$545.6K
$477.4K – $636.6K
NOI $38,195 @ 7.0% cap · market cap 5.50%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
175
Businesses Nearby
Well-served
Demand for This Use
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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Frequently Asked Questions
What type of property is this?
Bed & breakfast - Two-story property on Myrtle Street zoned for commercial business, with an additional lot behind for parking or expansion.
Where is this bed & breakfast located?
The property is located at 133 Myrtle St Biloxi, MS.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Two‑story property on Myrtle Street (Biloxi) zoned for commercial business by the City of Biloxi; Built in 2007, offering over 2,500 sq ft with 5 bedrooms and 5 bathrooms; Space can be repurposed for uses such as bed & breakfast, retail, mixed‑use office, or event venue
