Retail Investment with New
602 Division St Biloxi, MS 35390
602 Division St, Biloxi, MS, 35390
Contact for pricing
For Sale
Contact for pricing
For sale retail property with a 9% cap rate, 30+ year operating history, and a brand-new roof with warranty.
Property Size7,980 SF
Price / SF$111.11
Days on Market101
Property Features for 602 Division St
General Information
- Standard status
- Active
- Size
- 7,980 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1989
Listing agency
CBRE - Philadelphia Suburban
(484) 567-2340
Listed by
Matthew Gorman · License #PA RS287470
Source
Crexi
Added: Apr 13 Updated: Jul 22 at 6:19AM Checked: Jul 22 at 6:19AM
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 CBRE - Philadelphia Suburban
Investment Insights
Based on property information with market context.
This for-sale retail investment offers a long track record of operations, supported by 30+ years of operating history. The property is positioned as an income-focused asset, with a stated 9% cap rate in the offering materials. Recent building improvements include a brand-new roof provided with a warranty.
The property is located at 602 Division St, Biloxi, MS 35390. With retail space as the existing asset type, it is suited for investors and operators seeking an established commercial real estate hold.
The offering indicates a total property size of 7,980 square feet.
The property is located at 602 Division St, Biloxi, MS 35390. With retail space as the existing asset type, it is suited for investors and operators seeking an established commercial real estate hold.
The offering indicates a total property size of 7,980 square feet.
Key Highlights
- Retail property built in 1989
- 9% cap rate
- 30+ year operating history
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 | $112.0k | $14.04 |
| − Vacancy | −$9.5k | −$1.19 |
| EGI | $102.5k | $12.85 |
| − OpEx | −$30.8k | −$3.85 |
| NOI | $71.8k | $8.99 |
7,980 SF · lease $14.04/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.03M
$897.0K – $1.20M
NOI $71,761 @ 7.0% cap · market cap 8.09%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.29M
$1.12M – $1.50M
NOI $89,990 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Family Dollar
Discount Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - For sale retail property with a 9% cap rate, 30+ year operating history, and a brand-new roof with warranty.
Where is this retail space located?
The property is located at 602 Division St Biloxi, MS.
What is the asking price?
The asking price for this property is $886,666.
What are key features of this property?
This property features: Retail property built in 1989; 9% cap rate; 30+ year operating history
