Medical Office Building with
For Sale
$334,900
282 Lameuse St, Biloxi, MS 39530
Medical office building featuring a front reception area, four exam rooms, and additional upstairs space with kitchenette and restroom.
Property Size3,200 SF
Price / SF$104.66
Days on Market95
Property Features for 282 Lameuse St
General Information
Standard status
Active
Size
3,200 SF
Zoning
RB
Building Details
Year Built
1960
Stories
2
Listing Agency:
Owen & Co., LLC
Listed By:
Danielle P Owen · License #B22269
(228) 806-9822
Source:
Fiorellaavenue
Added: Jul 27
Changed: Oct 26
Last Checked: Oct 7 at 4:04PM
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 Owen & Co., LLC
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Investment Insights
Based on property information with market context.
This medical office building is designed for patient-facing and administrative use, with an entry into a reception/waiting area. The main floor includes four exam rooms, a restroom, and ample storage. Upstairs offers a spacious open-concept area with wainscoting, cabinetry, a kitchenette, and a restroom, along with a private office on the second floor with built-ins and a fireplace.
The property is zoned RB (Regional Business), a district intended to support a broad range of commercial uses, including offices, retail, services, and hospitality. Buyer and buyer’s agent are advised to verify all information.
The layout supports a multi-room clinical component on the main level and flexible office or program space upstairs, with dedicated restroom facilities on both floors and an additional private office with built-ins.
The property is zoned RB (Regional Business), a district intended to support a broad range of commercial uses, including offices, retail, services, and hospitality. Buyer and buyer’s agent are advised to verify all information.
The layout supports a multi-room clinical component on the main level and flexible office or program space upstairs, with dedicated restroom facilities on both floors and an additional private office with built-ins.
Key Highlights
- Zoned RB (Regional Business), a district designed for offices, retail, services, and hospitality uses.
- Front reception/waiting area at entry, with a main floor layout that includes four exam rooms.
- Main floor also offers a restroom and ample storage.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,505
Cap Rate
7.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,100
$510.1K
Cap Rate 7%
$364,357
$364.4K
Cap Rate 9%
$283,389
$283.4K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$41.5K $12.96/SF
− Vacancy
−$7.5K −$2.33/SF
EGI
$34.0K $10.63/SF
− OpEx
−$8.5K −$2.66/SF
NOI
$25.5K $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%
$510,100
Cap Rate 7%
$364,357
Cap Rate 9%
$283,389
Alternative Uses
Best Use
Healthcare Medical
$515.5K
$451.1K – $601.4K
NOI $36,086 @ 7.0% cap · market cap 10.78%
Second Best
Office B
$364.4K
$318.8K – $425.1K
NOI $25,505 @ 7.0% cap · market cap 7.62%
Theoretical Best
—
—
same as Best Use
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
Location Intelligence
Trade Area within ½ mile
1,100
Businesses Nearby
Balanced
Demand for This Use
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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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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office building featuring a front reception area, four exam rooms, and additional upstairs space with kitchenette and restroom.
Where is this medical office space located?
The property is located at 282 Lameuse St Biloxi, MS.
What is the asking price?
The asking price for this property is $334,900.
What are key features of this property?
This property features: Zoned RB (Regional Business), a district designed for offices, retail, services, and hospitality uses.; Front reception/waiting area at entry, with a main floor layout that includes four exam rooms.; Main floor also offers a restroom and ample storage.
