Gated Self-Storage
For Sale
$139,975
458 Bay View Lane Phase 1, Biloxi, MS 39530
2024-built storage space with gated access and the potential for heating and cooling.
Property Size1,000 SF
Price / SF$139.98
Days on Market24
Property Features for 458 Bay View Lane Phase 1
General Information
Standard status
Active
Size
1,000 SF
Additional Details
Self-Storage Units
1
Amenities
gated
secure
Building Details
Year Built
2024
Listing Agency:
Weichert Rltrs-Gulf Properties
Listed By:
Thomas L Reynolds · License #S52647
(228) 400-4853
Source:
Fiorellaavenue
Added: Sep 14
Changed: Oct 2
Last Checked: Oct 5 at 10:13PM
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 Weichert Rltrs-Gulf Properties
Investment Insights
Based on property information with market context.
This 2024-built self-storage unit offers 1,000 square feet for boat, motorhome, or business inventory storage. The space may also support business operations or personal use, with heating and cooling available as a potential improvement.
Gated access and stated security features provide controlled entry for stored property. The unit is located at 458 Bay View Lane Phase 1 in Biloxi, Mississippi.
Gated access and stated security features provide controlled entry for stored property. The unit is located at 458 Bay View Lane Phase 1 in Biloxi, Mississippi.
Key Highlights
- 1,000 square feet of storage space
- Built in 2024
- Suitable for boat, motorhome, or business inventory storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,733
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$154,660
$154.7K
Cap Rate 7%
$110,471
$110.5K
Cap Rate 9%
$85,922
$85.9K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$13.0K $12.96/SF
− Vacancy
−$1.1K −$1.06/SF
EGI
$11.9K $11.90/SF
− OpEx
−$4.2K −$4.16/SF
NOI
$7.7K $7.73/SF
Area
Harrison County, MS
Vacancy
8.20%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$154,660
Cap Rate 7%
$110,471
Cap Rate 9%
$85,922
Alternative Uses
Best Use
Flex RnD
$110.5K
$96.7K – $128.9K
NOI $7,733 @ 7.0% cap · market cap 5.52%
Second Best
Warehouse
$96.7K
$84.6K – $112.9K
NOI $6,771 @ 7.0% cap · market cap 4.84%
Theoretical Best
Healthcare Medical
$161.1K
$141.0K – $188.0K
NOI $11,277 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Self storage facility - 2024-built storage space with gated access and the potential for heating and cooling.
Where is this self storage facility located?
The property is located at 458 Bay View Lane Phase 1 Biloxi, MS.
What is the asking price?
The asking price for this property is $139,975.
What are key features of this property?
This property features: 1,000 square feet of storage space; Built in 2024; Suitable for boat, motorhome, or business inventory storage
