Dual-Suite Office
For Sale
$663,000
169 Lameuse St, Biloxi, MS 39530
Two separately configured units provide offices, reception areas, break rooms, and restrooms.
Property Size4,000 SF
Price / SF$165.75
Days on Market58
Property Features for 169 Lameuse St
General Information
Standard status
Active
Size
4,000 SF
Occupancy
100%
Additional Details
Asking Price
$663,000
Office Units
2
Building Details
Tenancy
Multi
Owner Occupied
Yes
Listing Agency:
Thom Newman, II Realty
Listed By:
Thom H Newman · License #B14638
(228) 697-9794
Source:
Fiorellaavenue
Added: Aug 19
Changed: Oct 9
Last Checked: Oct 7 at 1:25PM
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 Thom Newman, II Realty
Investment Insights
Based on property information with market context.
This 4,000-square-foot office property is arranged as two distinct commercial units that can also function as one larger space. Suite A includes 6 offices, a reception area, a break room, and 2 restrooms. Suite B offers 4 offices, a reception area, a break room, and 2 restrooms.
The property occupies two separate parcels with paved parking for clients and staff. Suite A is used by the owner, who prefers a leaseback arrangement with the buyer, while Suite B is leased to a wellness business. A partial roof replacement was completed in 2020. The property is located at 169 Lameuse St in walkable downtown Biloxi, near dining, entertainment, regional attractions, and government hubs.
The property occupies two separate parcels with paved parking for clients and staff. Suite A is used by the owner, who prefers a leaseback arrangement with the buyer, while Suite B is leased to a wellness business. A partial roof replacement was completed in 2020. The property is located at 169 Lameuse St in walkable downtown Biloxi, near dining, entertainment, regional attractions, and government hubs.
Key Highlights
- 4,000‑square‑foot office property configured as two commercial units
- Suite A includes 6 offices, reception, break room, and 2 restrooms
- Suite B includes 4 offices, reception, break room, and 2 restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,882
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$637,640
$637.6K
Cap Rate 7%
$455,457
$455.5K
Cap Rate 9%
$354,244
$354.2K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$51.8K $12.96/SF
− Vacancy
−$9.3K −$2.33/SF
EGI
$42.5K $10.63/SF
− OpEx
−$10.6K −$2.66/SF
NOI
$31.9K $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%
$637,640
Cap Rate 7%
$455,457
Cap Rate 9%
$354,244
Alternative Uses
Best Use
Office B
$455.5K
$398.5K – $531.4K
NOI $31,882 @ 7.0% cap · market cap 4.81%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$644.4K
$563.9K – $751.8K
NOI $45,108 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,178
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Two separately configured units provide offices, reception areas, break rooms, and restrooms.
Where is this office units located?
The property is located at 169 Lameuse St Biloxi, MS.
What is the asking price?
The asking price for this property is $663,000.
What are key features of this property?
This property features: 4,000‑square‑foot office property configured as two commercial units; Suite A includes 6 offices, reception, break room, and 2 restrooms; Suite B includes 4 offices, reception, break room, and 2 restrooms
