Flex Space with Roll-Up
For Sale
$648,000
198 Main Street, Biloxi, MS 39530
COMMERCIAL - Biloxi, MS
Property Size6,384 SF
Lot Size0.81 Acres
Price / SF$101.50
Days on Market667
Property Features for 198 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Downtown
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 1, Bathroom 3, Bathroom 4
Parking
25
Subdivision
St Paul
Lot features
Corner Lot, Level, Cleared, Corner Lot, Level, Cleared
Directions
From Hwy 90 turn north at Main Street. Property is located at the southeast corner of Main Street and Esters Blvd. south side of RR)
Standard status
Active
APN
1410k-01-040.000
Size
6,384 SF
Lot size
0.81 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
BEG S MAR NEW R/R ST (ESTERS BLVD) AND W LINE FORMER ELDER ST W 75.9 FT TO A CURVE ON E LINE MAIN ST SLY 46 FT S 99 FT E 117 FT TO FORMER ELDER ST N 125 FT TO POB S/B 96
Tax Annual Amount
2967
Legal Description
BEG S MAR NEW R/R ST (ESTERS BLVD) AND W LINE FORMER ELDER ST W 75.9 FT TO A CURVE ON E LINE MAIN ST SLY 46 FT S 99 FT E 117 FT TO FORMER ELDER ST N 125 FT TO POB S/B 96
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1974
Floors in Building
2
Flooring type
Tile - Ceramic
Listing Agency:
Owen & Co., LLC
(228) 822-9870
Listed By:
Sherry L Owen · License #B8407
(228) 760-2815
Added: Oct 8, 2024
Changed: Aug 4
Last Checked: Aug 5 at 12:06AM
MLS# 4093586
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 property consists of three parcels at the corner of Main St and Esters Blvd (south of RR) and is improved with a metal flex space building. The main building offers a total building area of 6,384 square feet, with 1,250 square feet heated and cooled, and includes three roll-up doors. An additional detached metal building measures 22' x 22' and has an 18' x 6'.6'' roll-up door.
The property has been utilized as an electric auto store for many years. It is located in downtown Biloxi, where the surrounding neighborhood has seen recent commercial growth.
With both an attached flex building and a detached roll-up door shop building on the same parcels, the site offers practical flexibility for automotive-oriented uses and other compatible applications that may benefit from roll-up access.
The property has been utilized as an electric auto store for many years. It is located in downtown Biloxi, where the surrounding neighborhood has seen recent commercial growth.
With both an attached flex building and a detached roll-up door shop building on the same parcels, the site offers practical flexibility for automotive-oriented uses and other compatible applications that may benefit from roll-up access.
Key Highlights
- 0.81‑acre corner lot on Main St and Esters Blvd (south of RR) made up of 3 parcels
- Metal flex space building with 6,384 SF total and 1,250 SF heated and cooled
- Includes 3 roll‑up doors in the main building
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $89.6k | $14.04 |
| − Vacancy | −$7.6k | −$1.19 |
| EGI | $82.0k | $12.85 |
| − OpEx | −$24.6k | −$3.85 |
| NOI | $57.4k | $8.99 |
6,384 SF · lease $14.04/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$820.1K
$717.6K – $956.8K
NOI $57,409 @ 7.0% cap · market cap 8.86%
Second Best
Flex RnD
$705.3K
$617.1K – $822.8K
NOI $49,369 @ 7.0% cap · market cap 7.62%
Theoretical Best
Healthcare Medical
$1.03M
$899.9K – $1.20M
NOI $71,992 @ 7.0% cap · market cap 11.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,100
Businesses Nearby
Under-served
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Metal flex building features three roll-up doors and includes a detached metal building with an additional roll-up door.
Where is this flex space located?
The property is located at 198 Main Street Biloxi, MS.
What is the asking price?
The asking price for this property is $648,000.
What are key features of this property?
This property features: 0.81‑acre corner lot on Main St and Esters Blvd (south of RR) made up of 3 parcels; Metal flex space building with 6,384 SF total and 1,250 SF heated and cooled; Includes 3 roll‑up doors in the main building
