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 Market47
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 2, Bedroom 5, Bedroom 1, Bathroom 1, Bathroom 4, Bathroom 3, Bathroom 2, Bedroom 4, Bathroom 5, Bedroom 3
Parking
2
Window features
Shutters, Storm Window(s)
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
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: Aug 26
Last Checked: Aug 28 at 9:06PM
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 3,387 square feet, with five bedrooms and five bathrooms arranged within a 2007-built structure. The existing residential-style layout may support conversion to a bed and breakfast, retail, mixed-use office space, or wedding and special event venue, subject to applicable approvals. The building has a shingle roof, public water, public sewer, and cable availability.
Located on Myrtle Street in Biloxi, 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 surrounding area is zoned Commercial Business by the City of Biloxi, providing a commercial context for future planning.
Located on Myrtle Street in Biloxi, 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 surrounding area is zoned Commercial Business by the City of Biloxi, providing a commercial context for future planning.
Key Highlights
- 3,387‑square‑foot, two‑story property built in 2007
- Five bedrooms and five bathrooms
- City of Biloxi Commercial Business zoning for the area
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
$24,005
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
3.45%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial Business zoning, public utilities, and a five-bedroom, five-bathroom layout support varied redevelopment concepts.
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: 3,387‑square‑foot, two‑story property built in 2007; Five bedrooms and five bathrooms; City of Biloxi Commercial Business zoning for the area
