Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Mixed-Use Zoned Development Land Title is generated by Realmo AI

    16317 Lemoyne Boulevard, Biloxi, MS 39532

    View on Map
    Claim this Listing
    Picture of Mixed-use properties at 16317 Lemoyne Boulevard, Biloxi, MS
    For Sale
    $275,000

    COMMERCIAL - Biloxi, MS

    Lot size:
    1.95 Acres
    Added:
    Feb 27, 2025
    Days on Market:
    463
    Last Refresh:
    Jun 5 at 12:06 pm

    Property Features for 16317 Lemoyne Boulevard

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    0-36-16-344.000
    Lot size
    1.95 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    COM INTER S/M LEMOYNE BLVD & JACKSON CO LINE E 118' S 4' TO POB S 451' E 192' N 447' SWLY TOPOB FOUNTAIN HEIRS STRIP #8 DB 71-98 DB 511-288 DB 976-371 (108 MAP795.15)
    Tax Annual Amount
    281

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Travis Paige

    Listing agent Travis Paige License #S60095

    Listing office Expect Realty 3073 Big Ridge Road, DIberville, MS

    Listing date Feb 27, 2025

    MLS# 4105076 Listing URL

    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.

    HighLights

    • 1.95‑acre property on high‑traffic Lemoyne Blvd with 13,000+/- daily car traffic
    • Zoned C‑1 Neighborhood Commercial for retail, restaurants, professional offices, and service businesses
    • Zoned R‑1A Single Family Residential for single‑family homes or residential development
    • Front half commercial and back half residential layout for mixed‑use, live/work‑style development
    • Utilities available: cable; water provided via public; sewer via public sewer

    Overview

    This offering consists of 1.95 acres of development land at 16317 Lemoyne Boulevard, presented as a two-part site with zoning that supports both commercial and residential uses. The front half is designated C-1 Neighborhood Commercial, while the back half is designated R-1A Single Family Residential.

    The property is positioned on Lemoyne Boulevard with 13,000+/- daily car traffic, providing visibility and convenient access for businesses serving nearby customers. The site is described as being surrounded by established businesses and residential communities, supporting a mixed live-and-work approach.

    The C-1 front half can support retail, restaurants, professional offices, and service businesses, while the R-1A back half aligns with single-family residential development, single-family homes, or a live/work concept adjacent to commercial space. For buyers and developers seeking a single parcel with complementary commercial and residential zoning, this layout offers a practical framework for planning a mixed-use project along a high-traffic corridor.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Biloxi
    County
    Harrison
    State
    Mississippi
    Longitude
    -88.881396
    Latitude
    30.43696

    Nearby Similar for Sale

    • $6,250,000
      19,528 SF

      Leased Medical Office Complex

      Three-building medical office complex in Biloxi, fully leased.
      14213 Cook Road, Biloxi, MS 39532
      View Details
    • $595,000
      1,435 SF

      Turn-Key Commercial Building in Biloxi

      High-traffic location suitable for various businesses, FF&E negotiable.
      934 Cedar Lake Road, Biloxi, MS 39532
      View Details
    • $239,000
      1,592 SF

      Charming Biloxi Commercial Property

      Versatile commercial property in a rapidly developing Biloxi location.
      266 Debuys Road, Biloxi, MS 39531
      View Details
    • $1,900,000
      18,000 SF

      Biloxi Mixed-Use Commercial Building

      Three-story building in Biloxi's historic downtown with income potential.
      713 Howard Avenue, Biloxi, MS 39530
      View Details
    • $349,900
      3,200 SF

      Biloxi Commercial Investment Opportunity

      Commercial property in Biloxi, zoned RB (Regional Business).
      282 Lameuse Street, Biloxi, MS 39530
      View Details
    • $670,000
      16,300 SF

      Turnkey Dental Office with Residence

      Fully equipped dental office with attached residential unit for sale.
      1070 Judge Sekul Avenue, Biloxi, MS 39530
      View Details
    • $1,450,000
      62,906 SF

      Beachfront Commercial Land in Biloxi

      Beachfront commercial land in Biloxi, MS, with community business zoning.
      950 - 956 Beach Boulevard, Biloxi, MS 39530
      View Details
    • $129,000
      1,350 SF

      Biloxi Office Building For Sale

      Office building in a sought-after business district.
      759 Mcelroy Street, Biloxi, MS 39530
      View Details
    • $525,000
      4,964 SF

      Biloxi Commercial Property on Pass

      Prime commercial property with high visibility and versatile zoning.
      1731 Pass Rd, Biloxi, MS
      View Details
    • $89,900

      Commercial Parcel in Biloxi, MS

      Vacant commercial lot for development in a visible, accessible location.
      252 Beauvoir Road, Biloxi, MS 39531
      View Details
    • $549,000
      3,488 SF

      Biloxi Commercial Daycare Opportunity

      Daycare facility with 66-child capacity in central Biloxi location.
      890 Vee Street, Biloxi, MS 39532
      View Details
    • $325,000

      Beachfront Homesite in Biloxi, MS

      Rare beachfront lot with development flexibility in Biloxi, Mississippi.
      1512 E Beach Boulevard, Biloxi, MS 39530
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Split C-1 and R-1A tracts on Lemoyne Blvd with 13,000+/- daily traffic, suited for residential and commercial development.
    Where is this mixed-use property located?
    The property is located at 16317 Lemoyne Boulevard Biloxi, MS.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: 1.95‑acre property on high‑traffic Lemoyne Blvd with 13,000+/- daily car traffic; Zoned C‑1 Neighborhood Commercial for retail, restaurants, professional offices, and service businesses; Zoned R‑1A Single Family Residential for single‑family homes or residential development
    (228) 297-0207
    We can help!
    Listing Contact
    Travis Paige
    Real Estate License ID: S60095
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    16317 Lemoyne Boulevard, Biloxi, MS 39532
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!