Office Building on Corner
For Sale
$347,000
2600 Government Street, Ocean Springs, MS 39564
Four offices, a conference area, kitchen, and 1.5 baths provide a practical professional layout.
Property Size1,750 SF
Price / SF$198.29
Days on Market8
Property Features for 2600 Government Street
General Information
Standard status
Active
Size
1,750 SF
Additional Details
Office Units
4
Taxes and HOA fees
Annual Taxes
$2,564
Amenities
kitchen
1 1/2 baths
conference area
Listing Agency:
Mozingo Real Estate And Auction, Inc.
(228) 896-3400
Listed By:
John C Mozingo Lll · License #B23856
(228) 697-5680
Source:
Exprealty
Added: Oct 15
Changed: Oct 21
Last Checked: Oct 21 at 2:26PM
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 Mozingo Real Estate And Auction, Inc.
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Investment Insights
Based on property information with market context.
The 1,750-square-foot office building contains four offices, a conference area, a kitchen, and 1.5 baths. The property occupies a corner lot with parking.
At 2600 Government Street in Ocean Springs, the site is at the corner of Government Street and Halstead Road, just east of the downtown commercial district. Ocean Springs Hospital and nearby neighborhoods are a short distance away. The location records 9,600-plus cars per day.
At 2600 Government Street in Ocean Springs, the site is at the corner of Government Street and Halstead Road, just east of the downtown commercial district. Ocean Springs Hospital and nearby neighborhoods are a short distance away. The location records 9,600-plus cars per day.
Key Highlights
- 1,750‑square‑foot office building with four offices
- Conference area, kitchen, and 1.5 baths
- Corner lot at Government Street and Halstead Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,898
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$497,960
$498.0K
Cap Rate 7%
$355,686
$355.7K
Cap Rate 9%
$276,644
$276.6K
Market Conditions
NOI Build-Up for 1,750 SF
Gross rent
$42.0K $24.00/SF
− Vacancy
−$8.8K −$5.03/SF
EGI
$33.2K $18.97/SF
− OpEx
−$8.3K −$4.74/SF
NOI
$24.9K $14.23/SF
Area
Jackson County, MS
Vacancy
20.96%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$497,960
Cap Rate 7%
$355,686
Cap Rate 9%
$276,644
Alternative Uses
Best Use
Office B
$355.7K
$311.2K – $415.0K
NOI $24,898 @ 7.0% cap · market cap 7.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$478.1K
$418.3K – $557.8K
NOI $33,466 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
4
Office units
Location Intelligence
Trade Area within ½ mile
574
Businesses Nearby
Explore this area
Business Placement
Demographics for 39564, MS
42,539
Population
18,908
Households
2.2
Avg Household Size
39
Median Age
40%
College-Educated
94%
High-School Grad
53.3 sq mi
ZIP Area
798
Density / Sq Mi
$77,300
Median Household Income
$43,754
Median Earnings
$1,314
Median Rent
$220,000
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 building - Four offices, a conference area, kitchen, and 1.5 baths provide a practical professional layout.
Where is this office building located?
The property is located at 2600 Government Street Ocean Springs, MS.
What is the asking price?
The asking price for this property is $347,000.
What are key features of this property?
This property features: 1,750‑square‑foot office building with four offices; Conference area, kitchen, and 1.5 baths; Corner lot at Government Street and Halstead Road
