Conventional Restaurant with
For Sale
$1,200,000
1407 Bienville Blvd, Ocean Springs, MS 39564
Updated food-service facility with a dedicated drive-thru kitchen, modernized systems, and installed grease-trap capacity.
Property Size2,940 SF
Price / SF$408.16
Days on Market35
Property Features for 1407 Bienville Blvd
General Information
Standard status
Active
Size
2,940 SF
Site & Location
Drive-Thru
Yes
Traffic Count
40,000 vehicles/day
Additional Details
Grease Trap
Yes
Taxes and HOA fees
Annual Taxes
$8,433
Listing Agency:
Weichert Rltrs-Gulf Properties
(228) 297-9911
Listed By:
Lynn Y Wade · License #B18060
(228) 297-9911
Source:
Exprealty
Added: Jul 16
Changed: Aug 17
Last Checked: Aug 17 at 10:01PM
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 Weichert Rltrs-Gulf Properties
Investment Insights
Based on property information with market context.
This 2,940-square-foot conventional restaurant property has been remodeled with new plumbing and updated electrical systems. Food-service infrastructure includes a 1,500-gallon grease trap, a separate kitchen designed for drive-thru operations, and two existing hood openings in the roof. The layout and improvements support restaurant, coffee shop, bakery, and specialty food uses identified for the property.
Located at 1407 Bienville Blvd in Ocean Springs, the site is positioned along a commercial corridor with approximately 40,000 vehicles passing daily. The surrounding traffic base includes nearby residential neighborhoods, industrial employers, casino visitors, commuters, and downtown Ocean Springs patrons. The property combines a modernized building with established drive-thru infrastructure and roof openings that can support future food-service equipment installation.
Located at 1407 Bienville Blvd in Ocean Springs, the site is positioned along a commercial corridor with approximately 40,000 vehicles passing daily. The surrounding traffic base includes nearby residential neighborhoods, industrial employers, casino visitors, commuters, and downtown Ocean Springs patrons. The property combines a modernized building with established drive-thru infrastructure and roof openings that can support future food-service equipment installation.
Key Highlights
- 2,940‑square‑foot conventional restaurant property
- Dedicated kitchen for drive‑thru operations
- 1,500‑gallon grease trap installed
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
$43,472
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
3.62%
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%
$869,440
$869.4K
Cap Rate 7%
$621,029
$621.0K
Cap Rate 9%
$483,022
$483.0K
Market Conditions
NOI Build-Up for 2,940 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
$62.8K $21.36/SF
− Vacancy
−$4.8K −$1.64/SF
EGI
$58.0K $19.72/SF
− OpEx
−$14.5K −$4.93/SF
NOI
$43.5K $14.79/SF
Area
Jackson County, MS
Vacancy
7.70%
Lease Rate
$21.36 /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%
$869,440
Cap Rate 7%
$621,029
Cap Rate 9%
$483,022
Alternative Uses
Best Use
Specialty Retail
$621.0K
$543.4K – $724.5K
NOI $43,472 @ 7.0% cap · market cap 3.62%
Second Best
Industrial
$272.3K
$238.3K – $317.7K
NOI $19,063 @ 7.0% cap · market cap 1.59%
Theoretical Best
Office A
$803.2K
$702.8K – $937.0K
NOI $56,222 @ 7.0% cap · market cap 4.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
40,000 VPD
Traffic count
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
1,140
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 39564, MS
42,539
Population
18,908
Households
2.2
Avg Household Size
39
Median Age
40%
College-Educated
94%
High-School Grad
53.3 sq mi
ZIP Area
798
Density / Sq Mi
$77,300
Median Household Income
$43,754
Median Earnings
$1,314
Median Rent
$220,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Broome's Inc — 1801 Government St, Ocean Springs, MS 39564
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Updated food-service facility with a dedicated drive-thru kitchen, modernized systems, and installed grease-trap capacity.
Where is this conventional restaurant located?
The property is located at 1407 Bienville Blvd Ocean Springs, MS.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 2,940‑square‑foot conventional restaurant property; Dedicated kitchen for drive‑thru operations; 1,500‑gallon grease trap installed
