Two-Story Mixed-Use
For Sale
$695,000
133 Myrtle Street, Biloxi, MS 39530
Commercial Sale, Biloxi, MS
Property Size3,387 SF
Lot Size0.17 Acres
Price / SF$205.20
Days on Market93
Property Features for 133 Myrtle Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Community Bus
Bedrooms
5
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 3, Bathroom 5, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 4, Bathroom 4, Bedroom 1, Bedroom 5, Bedroom 2
Parking
2
Window features
Storm Window(s), Shutters
Exterior features
Balcony, Lighting, Private Yard, Rain Gutters
Subdivision
Summerville
Lot features
Landscaped, Fenced, Front Yard, Landscaped, Fenced, Front Yard
Directions
From Hwy 90, take Myrtle St North. The property is in the 2nd block on the left
Standard status
Active
APN
1510l-02-055.000
Size
3,387 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
S 45 X 173 FT BEING BOUNDED ON N BY GRANTHAM E BY MYRTLE ST S BY SKRMETTA W BY SKRMETTA BEING S 45 FT OF LOTS 9 & 10 BLK 7 SUMMERVILLE
Tax Annual Amount
1466
Legal Description
S 45 X 173 FT BEING BOUNDED ON N BY GRANTHAM E BY MYRTLE ST S BY SKRMETTA W BY SKRMETTA BEING S 45 FT OF LOTS 9 & 10 BLK 7 SUMMERVILLE
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
2007
Floors in Building
2
Roof type
Shingle
Listing Agency:
Coastal Realty Group
(228) 280-8026
Listed By:
Stacey Butera · License #B25006
(228) 861-6501
Added: Jul 13
Changed: Oct 8
Last Checked: Oct 13 at 9:06AM
MLS# 4155720
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 two-story property contains five bedrooms and five bathrooms, with a balcony and private yard. The existing layout may be adapted for a bed and breakfast, retail, mixed-use office space, or weddings and special events. The City of Biloxi has zoned the area for commercial business. Public water and sewer are available, along with cable service.
At 133 Myrtle Street, the property is within walking distance of Casino Row, the Seafood and Maritime Museum, local restaurants, and St. Michael's Catholic Church. The George Ohr Museum and downtown Biloxi are a short drive away. The site encompasses 0.17 acres, and the building dates to 2007.
At 133 Myrtle Street, the property is within walking distance of Casino Row, the Seafood and Maritime Museum, local restaurants, and St. Michael's Catholic Church. The George Ohr Museum and downtown Biloxi are a short drive away. The site encompasses 0.17 acres, and the building dates to 2007.
Key Highlights
- Two‑story building with 5 bedrooms and 5 bathrooms
- City of Biloxi commercial business zoning applies to the area
- 0.17‑acre site; building constructed in 2007
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,005
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,100
$480.1K
Cap Rate 7%
$342,929
$342.9K
Cap Rate 9%
$266,722
$266.7K
Market Conditions
NOI Build-Up for 3,387 SF
Gross rent
$42.7K $12.60/SF
− Vacancy
−$4.3K −$1.26/SF
EGI
$38.4K $11.34/SF
− OpEx
−$14.4K −$4.25/SF
NOI
$24.0K $7.09/SF
Area
Harrison County, MS
Vacancy
10.00%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,100
Cap Rate 7%
$342,929
Cap Rate 9%
$266,722
Alternative Uses
Best Use
Mixed Use
$342.9K
$300.1K – $400.1K
NOI $24,005 @ 7.0% cap · market cap 3.45%
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 authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
175
Businesses Nearby
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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Frequently Asked Questions
What type of property is this?
Mixed-use property - Five bedrooms and five bathrooms support consideration of lodging, retail, office, or event uses.
Where is this mixed-use property located?
The property is located at 133 Myrtle Street 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 building with 5 bedrooms and 5 bathrooms; City of Biloxi commercial business zoning applies to the area; 0.17‑acre site; building constructed in 2007
