Remodeled Storefront with New
For Sale
$249,000
308 Santini Street, Biloxi, MS 39530
Commercial Sale, Biloxi, MS
Property Size1,288 SF
Lot Size0.29 Acres
Price / SF$193.32
Days on Market175
Property Features for 308 Santini Street
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Head south on I-110 toward US-90/Beach Blvd. Exit onto US-90 East toward Ocean Springs. Continue on US-90 for about 1 mile. Turn left onto Holley St (a small residential street). Continue straight until Holley St curves into Santini St. 308 Santini St will be on your right.
Standard status
Active
APN
1410e-04-018.000
Size
1,288 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
COM @ NE COR LOT 1 BLK 3 SEAL'S SUBD S 126.5 FT ALONG E MAR LOT 1 BLK 3 SEAL'S SUBD TO A POINT E 137.6 FT TO
Tax Annual Amount
1112
Legal Description
COM @ NE COR LOT 1 BLK 3 SEAL'S SUBD S 126.5 FT ALONG E MAR LOT 1 BLK 3 SEAL'S SUBD TO A POINT E 137.6 FT TO
Building Details
Year built
1930
Listing Agency:
Fidelis Realty, LLC.
(228) 896-4200
Listed By:
Sandra French Rushing · License #B24422
(228) 234-6971
Added: Mar 3
Changed: Aug 23
Last Checked: Aug 25 at 12:06AM
MLS# 4141071
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 1,288-square-foot storefront property sits on 0.29 acres and dates to 1930. The building has been partially remodeled, with a new roof and a recently paved parking area. The sale includes an established appliance repair and parts business that has served the community since 2009.
The property is located at 308 Santini Street in Biloxi, near the Beau Rivage, Keesler Air Force Base, the city’s entertainment district, and major shopping centers. The building and business are offered together in as-is condition, with showings available by appointment during business hours.
The property is located at 308 Santini Street in Biloxi, near the Beau Rivage, Keesler Air Force Base, the city’s entertainment district, and major shopping centers. The building and business are offered together in as-is condition, with showings available by appointment during business hours.
Key Highlights
- 1,288 square feet of storefront space
- 0.29‑acre commercial parcel
- Originally built in 1930
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
$11,582
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
4.65%
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%
$231,640
$231.6K
Cap Rate 7%
$165,457
$165.5K
Cap Rate 9%
$128,689
$128.7K
Market Conditions
NOI Build-Up for 1,288 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
$18.1K $14.04/SF
− Vacancy
−$1.5K −$1.19/SF
EGI
$16.5K $12.85/SF
− OpEx
−$5.0K −$3.85/SF
NOI
$11.6K $8.99/SF
Area
Harrison County, MS
Vacancy
8.50%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
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%
$231,640
Cap Rate 7%
$165,457
Cap Rate 9%
$128,689
Alternative Uses
Best Use
Retail
$165.5K
$144.8K – $193.0K
NOI $11,582 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$207.5K
$181.6K – $242.1K
NOI $14,525 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
785
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Partially remodeled commercial storefront with a new roof and freshly paved parking area.
Where is this storefront property located?
The property is located at 308 Santini Street Biloxi, MS.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 1,288 square feet of storefront space; 0.29‑acre commercial parcel; Originally built in 1930
