Two-Story Medical
For Sale
$334,900
282 Lameuse Street, Biloxi, MS 39530
Commercial Sale, Biloxi, MS
Property Size3,200 SF
Lot Size0.12 Acres
Price / SF$104.66
Days on Market256
Property Features for 282 Lameuse Street
General Information
Property type
Commercial Sale
Property subtype
Other
Accessibility
Accessible Approach with Ramp
Lot features
City Lot, City Lot
Standard status
Active
APN
1410f-03-044.002
Size
3,200 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
COM AT INTER OF E MAR OF LAMEUSE ST & S MAR OF DIVISION ST S 167.2 FT ALONG LAMEUSE ST TO POB E 70.2 FT S 76.7 FT W 70.2 FT TO ST N 76.7 FT ALONG ST TO POB IN SEC 27-7-9 IN SEC BLK 105
Tax Annual Amount
366
Legal Description
COM AT INTER OF E MAR OF LAMEUSE ST & S MAR OF DIVISION ST S 167.2 FT ALONG LAMEUSE ST TO POB E 70.2 FT S 76.7 FT W 70.2 FT TO ST N 76.7 FT ALONG ST TO POB IN SEC 27-7-9 IN SEC BLK 105
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1960
Floors in Building
2
Flooring type
Combination, Carpet, Laminate, Wood
Roof type
Metal
Listing Agency:
Owen & Co., LLC
(228) 822-9870
Listed By:
Danielle P Owen · License #B22269
(228) 806-9822
Added: Dec 16, 2025
Changed: Aug 26
Last Checked: Aug 29 at 3:06AM
MLS# 4134024
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 3,200-square-foot medical office property was built in 1960 on a 0.12-acre lot. The first floor includes a reception area, four exam rooms, a restroom, and storage. The upper level provides an open workspace, cabinetry, a kitchenette, a restroom, and a private office with built-ins and a fireplace. Flooring includes carpet, wood, laminate, and combination surfaces, while an accessible approach with ramp supports front-of-building entry.
The property is located in Biloxi and carries RB (Regional Business) zoning, a designation supporting a broad range of commercial uses, including offices, retail, services, and hospitality. Public water and public sewer serve the site, and the building has a metal roof.
The property is located in Biloxi and carries RB (Regional Business) zoning, a designation supporting a broad range of commercial uses, including offices, retail, services, and hospitality. Public water and public sewer serve the site, and the building has a metal roof.
Key Highlights
- 3,200‑square‑foot medical office building on a 0.12‑acre lot
- First floor includes four exam rooms, reception area, restroom, and storage
- Upper level offers open workspace, kitchenette, restroom, and private office
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
$25,505
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
7.62%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,100
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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Beach View Veterinary Hospital — 132 Porter Ave, Biloxi, MS 39530
- Joe Brumfield, DVM — 132 Porter Ave, Biloxi, MS 39530
- Veterinary Mobile Medical Services — Biloxi, MS 39530, United States
- West End Veterinary Services — 961 Division St, Biloxi, MS 39530
Frequently Asked Questions
What type of property is this?
Medical Office Space - Flexible commercial layout with exam rooms, private office space, and an upper-level kitchenette.
Where is this medical office space located?
The property is located at 282 Lameuse Street 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: 3,200‑square‑foot medical office building on a 0.12‑acre lot; First floor includes four exam rooms, reception area, restroom, and storage; Upper level offers open workspace, kitchenette, restroom, and private office
