Four-Suite Retail
New
For Sale
$795,000
15506 Lemoyne Boulevard lot D, Biloxi, MS 39532
Commercial Sale, Biloxi, MS
Property Size5,200 SF
Lot Size0.18 Acres
Price / SF$152.88
Days on Market2
Property Features for 15506 Lemoyne Boulevard lot D
General Information
Property type
Commercial Sale
Property subtype
Retail
Bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1
Subdivision
Cedar Grove
Lot features
City Lot, City Lot
Standard status
Active
APN
0-51-02-080.000
Size
5,200 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 7 & 8 BLK 4 CEDAR GROVE S/ LESS S 20' TO CO FOR RD DB 1730-200 (139M MAP792.10-04)
Tax Annual Amount
7632
Legal Description
LOTS 7 & 8 BLK 4 CEDAR GROVE S/ LESS S 20' TO CO FOR RD DB 1730-200 (139M MAP792.10-04)
Building Details
Year built
2013
Floors in Building
1
Listing Agency:
Coastal Realty Group
(228) 280-8026
Listed By:
Jordyn Rosetti O'Mara · License #S43407
(228) 861-4700
Added: Oct 6
Last Checked: Oct 7 at 7:06AM
MLS# 4164742
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 retail property contains four occupied suites in a 5,200-square-foot building constructed in 2013. The site encompasses 0.18 acres, and all four suites are leased.
The property is at 15506 Lemoyne Boulevard in Biloxi, south of I-10 and near the Promenade.
The property is at 15506 Lemoyne Boulevard in Biloxi, south of I-10 and near the Promenade.
Key Highlights
- Four suites, all occupied and leased
- 5,200‑square‑foot retail building
- Built in 2013
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,762
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$935,240
$935.2K
Cap Rate 7%
$668,029
$668.0K
Cap Rate 9%
$519,578
$519.6K
Market Conditions
NOI Build-Up for 5,200 SF
Gross rent
$73.0K $14.04/SF
− Vacancy
−$6.2K −$1.19/SF
EGI
$66.8K $12.85/SF
− OpEx
−$20.0K −$3.85/SF
NOI
$46.8K $8.99/SF
Area
Harrison County, MS
Vacancy
8.50%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$935,240
Cap Rate 7%
$668,029
Cap Rate 9%
$519,578
Alternative Uses
Best Use
Retail
$668.0K
$584.5K – $779.4K
NOI $46,762 @ 7.0% cap · market cap 5.88%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$837.7K
$733.0K – $977.3K
NOI $58,640 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
205
Businesses Nearby
Explore this area
Business Placement
Demographics for 39532, MS
34,348
Population
15,466
Households
2.2
Avg Household Size
39
Median Age
26%
College-Educated
86%
High-School Grad
82.2 sq mi
ZIP Area
418
Density / Sq Mi
$65,892
Median Household Income
$40,751
Median Earnings
$1,098
Median Rent
$227,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - All four suites are occupied, with a multi-tenant configuration in place.
Where is this retail space located?
The property is located at 15506 Lemoyne Boulevard lot D Biloxi, MS.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Four suites, all occupied and leased; 5,200‑square‑foot retail building; Built in 2013
