Building Details

Building Size 1,592 SF

Year Built 1972

Buildings 2

Listing Agency: Britt Barnes Realty Group

Listed By: Britt Barnes Show Phone

Source: Brittbarnes

Added: Apr 21 Changed: Oct 22 Last Checked: Oct 22 at 8:50AM

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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 Britt Barnes Realty Group

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Investment Insights

Based on property information with market context.

The former bakery comprises a 1,128-square-foot main building and a separate 464-square-foot structure, joined by a tree-shaded courtyard. The main building has a bathroom and plumbing and electrical connections for a kitchen. The second structure has water and sewer service. Bakery equipment has been removed, leaving both buildings without that equipment in place.

Located at 266 DeBuys Road in Biloxi, the property was built in 1972.

Key Highlights

• Two buildings connected by a tree‑shaded courtyard
• Main building measures 1,128 sq ft and includes a bathroom
• Kitchen plumbing and electrical connections in the main building

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,760

Cap Rate

8.09%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$355,200 $355.2K

Cap Rate 7%

$253,714 $253.7K

Cap Rate 9%

$197,333 $197.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,592 SF

Gross rent

$25.4K $15.96/SF

− Vacancy

−$1.7K −$1.09/SF

EGI

$23.7K $14.87/SF

− OpEx

−$5.9K −$3.72/SF

NOI

$17.8K $11.16/SF

Area

Harrison County, MS

Vacancy

6.80%

Lease Rate

$15.96 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$355,200

Cap Rate 7%

$253,714

Cap Rate 9%

$197,333

Alternative Uses

Best Use

Specialty Retail

$253.7K

$222.0K – $296.0K (±1% cap)

NOI $17,760 @ 7.0% cap · market cap 8.09%

Second Best

Retail

$204.5K

$179.0K – $238.6K (±1% cap)

NOI $14,316 @ 7.0% cap · market cap 6.52%

Theoretical Best

Healthcare Medical

$256.5K

$224.4K – $299.2K (±1% cap)

NOI $17,953 @ 7.0% cap · market cap 8.18%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Cheeky Monkey Cake ... Bakery

Suggested Use

Top Pick Big Box & Wholesale Store HVAC Service Building Supply Parking Lot & Garage Kitchen & Bath Showroom Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

806

Businesses Nearby

26k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 78% Dining 22%

Shell Shops & Services

9,567 visits/mo 0.2 miles

Wells Fargo Shops & Services

6,126 visits/mo 0.5 miles

Waffle House Dining

4,156 visits/mo 0.3 miles

Texaco Shops & Services

4,082 visits/mo 0.2 miles

SUBWAY Dining

1,716 visits/mo 0.4 miles

Demographics for 39531, MS

19,965

Population

9,660

Households

2.1

Avg Household Size

36

Median Age

34%

College-Educated

91%

High-School Grad

6.6 sq mi

ZIP Area

3,025

Density / Sq Mi

$54,599

Median Household Income

$37,293

Median Earnings

$1,066

Median Rent

$193,700

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - A shaded courtyard links two structures, with kitchen plumbing and electrical connections in the larger building.

Where is this mixed-use property located?

The property is located at 266 Debuys Road Biloxi, MS.

What is the asking price?

The asking price for this property is $219,500.

What are key features of this property?

This property features: Two buildings connected by a tree‑shaded courtyard; Main building measures 1,128 sq ft and includes a bathroom; Kitchen plumbing and electrical connections in the main building