Multi-Unit Office
For Sale
$4,000,000
156 Camellia St, Biloxi, MS 39531
For sale multi-unit office property in Harrison County, suited for businesses seeking dedicated office space.
Property Size15,200 SF
Price / SF$263.16
Days on Market140
Property Features for 156 Camellia St
General Information
Standard status
Active
Size
15,200 SF
Building Details
Year Built
1960
Listing Agency:
eAgent Gulf Coast
Listed By:
Bradley D Keesee · License #B22904
(228) 236-5531
Source:
Fiorellaavenue
Added: Jun 3
Changed: Oct 11
Last Checked: Oct 19 at 9:47AM
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 eAgent Gulf Coast
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Investment Insights
Based on property information with market context.
Offered for sale as a multi-unit office property, this asset provides office unit configurations designed for separate business use. The property is marketed as “Office Units” / “Office Spaces,” supporting tenant-ready office setups.
The property is located at 156 Camellia Street in Biloxi, Mississippi, within Harrison County. This commercial office address provides a straightforward place for office operations and business administration.
Because the building is presented as office units, it may fit a range of professional and administrative tenants looking for individual office space rather than a single, undivided suite. Prospective buyers and tenant representatives can evaluate the unit-by-unit layout during due diligence to confirm how the existing office configurations align with their staffing needs and operating requirements.
The property is located at 156 Camellia Street in Biloxi, Mississippi, within Harrison County. This commercial office address provides a straightforward place for office operations and business administration.
Because the building is presented as office units, it may fit a range of professional and administrative tenants looking for individual office space rather than a single, undivided suite. Prospective buyers and tenant representatives can evaluate the unit-by-unit layout during due diligence to confirm how the existing office configurations align with their staffing needs and operating requirements.
Key Highlights
- Multi‑unit office property in Harrison County
- Built in 1960
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$121,150
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,423,000
$2.4M
Cap Rate 7%
$1,730,714
$1.7M
Cap Rate 9%
$1,346,111
$1.3M
Market Conditions
NOI Build-Up for 15,200 SF
Gross rent
$197.0K $12.96/SF
− Vacancy
−$35.5K −$2.33/SF
EGI
$161.5K $10.63/SF
− OpEx
−$40.4K −$2.66/SF
NOI
$121.2K $7.97/SF
Area
Harrison County, MS
Vacancy
18.00%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,423,000
Cap Rate 7%
$1,730,714
Cap Rate 9%
$1,346,111
Alternative Uses
Best Use
Office B
$1.73M
$1.51M – $2.02M
NOI $121,150 @ 7.0% cap · market cap 3.03%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$2.45M
$2.14M – $2.86M
NOI $171,410 @ 7.0% cap · market cap 4.29%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
326
Businesses Nearby
Explore this area
Business Placement
Demographics for 39531, MS
19,965
Population
9,660
Households
2.1
Avg Household Size
36
Median Age
34%
College-Educated
91%
High-School Grad
6.6 sq mi
ZIP Area
3,025
Density / Sq Mi
$54,599
Median Household Income
$37,293
Median Earnings
$1,066
Median Rent
$193,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - For sale multi-unit office property in Harrison County, suited for businesses seeking dedicated office space.
Where is this office unit located?
The property is located at 156 Camellia St Biloxi, MS.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Multi‑unit office property in Harrison County; Built in 1960
