Two-Story Commercial Conversion
133 Myrtle St Biloxi, MS 39530
New
133 Myrtle St, Biloxi, MS, 39530
$695,000
For Sale
$695,000
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 Market7
Property Features for 133 Myrtle St
General Information
- Standard status
- Active
- Size
- 3,387 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2007
Listing Agency
Coastal Realty Group
(228) 861-6501
Listed by
Stacey Butera · License #B25006
Source
Propertiesnorthms
Added: Jul 11 Checked: Jul 17 at 2:29 am
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
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
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.6k | $14.04 |
| − Vacancy | −$4.0k | −$1.19 |
| EGI | $43.5k | $12.85 |
| − OpEx | −$13.1k | −$3.85 |
| NOI | $30.5k | $8.99 |
3,387 SF · lease $14.04/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$435.1K
$380.7K – $507.6K
NOI $30,458 @ 7.0% cap · market cap 4.38%
Second Best
Hotel Hospitality
$277.5K
$242.8K – $323.8K
NOI $19,427 @ 7.0% cap · market cap 2.80%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bed & breakfasts
Similar For Sale Nearby
FAQs
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
