Restaurant with Bars and Dance
New
For Sale
$439,000
195 N Porter Avenue, Biloxi, MS 39530
Established commercial restaurant property with kitchen, meeting room, furnishings, fixtures, and equipment included in the sale.
Property Size6,534 SF
Days on Market2
Property Features for 195 N Porter Avenue
General Information
Standard status
Active
Size
6,534 SF
Property subtype
Retail
Additional Details
Furnished
Yes
Equipment Included
Yes
Amenities
2 large bars
kitchen
private meeting room
dance floor
Building Details
Building Size
6,534 SF
Year Built
1958
Listing Agency:
Coldwell Banker Alfonso Realty-Lorraine Rd
(228) 287-1000
Listed By:
Sandi Pickard · License #S43053
(228) 287-1000
Source:
Cbcworldwide
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 22 at 5:56AM
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 Coldwell Banker Alfonso Realty-Lorraine Rd
Investment Insights
Based on property information with market context.
This conventional restaurant property, constructed in 1958, includes two large bar areas, a kitchen, a private meeting room, and a dance floor. Furniture, fixtures, and equipment are included with the sale, supporting the existing restaurant and entertainment configuration.
The property occupies a high-traffic corner near the beach, north of the Biloxi Lighthouse and close to area casinos. Its interior layout accommodates restaurant service, nightlife, private gatherings, and events within one commercial setting.
The property occupies a high-traffic corner near the beach, north of the Biloxi Lighthouse and close to area casinos. Its interior layout accommodates restaurant service, nightlife, private gatherings, and events within one commercial setting.
Key Highlights
- Two large bars, kitchen, private meeting room, and dance floor
- Furniture, fixtures, and equipment included in the sale
- Built in 1958
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
$32,643
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
7.44%
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%
$652,860
$652.9K
Cap Rate 7%
$466,329
$466.3K
Cap Rate 9%
$362,700
$362.7K
Market Conditions
NOI Build-Up for 6,534 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
$51.0K $7.80/SF
− Vacancy
−$4.3K −$0.66/SF
EGI
$46.6K $7.14/SF
− OpEx
−$14.0K −$2.14/SF
NOI
$32.6K $5.00/SF
Area
Harrison County, MS
Vacancy
8.50%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
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%
$652,860
Cap Rate 7%
$466,329
Cap Rate 9%
$362,700
Alternative Uses
Best Use
Specialty Retail
$1.04M
$911.2K – $1.21M
NOI $72,894 @ 7.0% cap · market cap 16.60%
Second Best
Industrial
$466.3K
$408.0K – $544.1K
NOI $32,643 @ 7.0% cap · market cap 7.44%
Theoretical Best
Healthcare Medical
$1.05M
$921.1K – $1.23M
NOI $73,684 @ 7.0% cap · market cap 16.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
775
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established commercial restaurant property with kitchen, meeting room, furnishings, fixtures, and equipment included in the sale.
Where is this conventional restaurant located?
The property is located at 195 N Porter Avenue Biloxi, MS.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: Two large bars, kitchen, private meeting room, and dance floor; Furniture, fixtures, and equipment included in the sale; Built in 1958
