Retail Investment with New
For Sale
Contact for pricing
602 Division St, Biloxi, MS 35390
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 Market197
Property Features for 602 Division St
General Information
Standard status
Active
Size
7,980 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$79,800
Additional Details
Cap Rate
9%
Building Details
Year Built
1989
Tenancy
Single
Listing Agency:
CBRE - Philadelphia Suburban
Listed By:
Matthew Gorman · License #PA RS287470
(215) 603-6914
Source:
Crexi
Added: Apr 13
Changed: Oct 12
Last Checked: Oct 24 at 5:24PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,761
Cap Rate
8.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,435,220
$1.4M
Cap Rate 7%
$1,025,157
$1.0M
Cap Rate 9%
$797,344
$797.3K
Market Conditions
NOI Build-Up for 7,980 SF
Gross rent
$112.0K $14.04/SF
− Vacancy
−$9.5K −$1.19/SF
EGI
$102.5K $12.85/SF
− OpEx
−$30.8K −$3.85/SF
NOI
$71.8K $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 Rate 5%
$1,435,220
Cap Rate 7%
$1,025,157
Cap Rate 9%
$797,344
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 authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
573
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
5,207 visits/mo
0.1 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
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
