538 Division Street Biloxi, MS 39530
COMMERCIAL - Biloxi, MS
- Added:
- Feb 17, 2025
- Days on Market:
- 509
- Last Refresh:
- Jul 11 at 1:06 am
Property Features for 538 Division Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1
- Standard status
- Active
- APN
- 1410g-04-069.000
- Size
- 3,199 SF
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- E 115 FT OF LOTS 20 & 21 BLK 19 BILOXI REAL EST SUBD
- Tax Annual Amount
- 2928
Building Details
- Year built
- 1975
Listing agent Winnie Nguyen License #S55667 (228) 243-1050
Listing office Coldwell Banker Alfonso Realty-Lorraine Rd 9153 Lorraine Rd, Gulfport, MS (228) 287-1000
Listing date Feb 17, 2025
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.
The property provides ample parking. The lot next door is also part of the sale with seller’s approval of the offer. Tenants pay rent and all utilities.
On the restaurant side, the landlord owns the restaurant equipment, excluding the tables, chairs, and decorations. Interior mechanical upgrades include replacement of the AC units for both tenants and associated ductwork in June 2024, along with new spray foam insulation. The metal roof was installed in 2023. The property is described as zoned neighborhood business. Please do not disturb tenants.
Key Highlights
- Commercial building built in 1975 with two tenant‑occupied units (restaurant and beauty supply store).
- Tenant A operates a restaurant; landlord owns restaurant equipment except tables, chairs, and decorations.
- Tenant B is a beauty supply store tenant with current tenancy in place.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.9k | $14.04 |
| − Vacancy | −$3.8k | −$1.19 |
| EGI | $41.1k | $12.85 |
| − OpEx | −$12.3k | −$3.85 |
| NOI | $28.8k | $8.99 |
Alternative Uses
Property Analytics
Current Use by Public Records
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