Renovated Office or Flex
For Sale
$169,900
612 N Wright Avenue, Long Beach, MS 39560
COMMERCIAL - Long Beach, MS
Property Size1,476 SF
Lot Size0.50 Acres
Price / SF$115.11
Days on Market136
Property Features for 612 N Wright Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 2
Subdivision
Old Plantation Add
Elementary school
W.J. Quarles
Middle school
Long Beach
High school
Long Beach
Directions
From Railroad Street, North on N Wright Avenue, Home is on the right.
Standard status
Active
APN
0711m-02-017.000
Size
1,476 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 30 TO 34 INC BLK 16 OLD PLANTATION ADD PART OF SW1/4 OF SEC 7-8-11
Tax Annual Amount
2282
Legal Description
LOTS 30 TO 34 INC BLK 16 OLD PLANTATION ADD PART OF SW1/4 OF SEC 7-8-11
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1955
Flooring type
Hardwood, Laminate
Building materials
Vinyl Siding
Roof type
Shingle
Listing Agency:
Dronet Realty Group
(228) 447-3727
Listed By:
Charlene P Dronet · License #B20820
(228) 217-6100
Added: Mar 27
Changed: Aug 4
Last Checked: Aug 9 at 8:06AM
MLS# 4143876
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 versatile commercial property includes an existing 3-bedroom, 2-bath structure with approximately 1,476 square feet of interior space. Recent renovations include full interior and exterior repainting, refinished hardwood flooring throughout most of the structure, and new laminate flooring in select rooms. The primary bathroom has been completely remodeled with new fixtures, and the hall bathroom features a jetted tub with a new motor and updated porcelain tile surround. Additional improvements include new interior trim, replacement of interior doors with antique-style doors, and new ceiling fans with integrated lighting throughout.
The property is situated on an approximately 0.5-acre C-2 zoned parcel with excellent frontage along N Wright Avenue, providing visibility and natural signage exposure. It is located near Highway 90 and downtown Long Beach, within the surrounding residential neighborhoods, supporting convenient access to local and passing traffic.
The site offers flexibility for future adaptation, including potential subdivision or lot split opportunities. The property is reported to be located within an X flood zone per current maps, and the oversized lot allows room for additional parking, outdoor use, or future expansion depending on the intended use, subject to City of Long Beach approval.
The property is situated on an approximately 0.5-acre C-2 zoned parcel with excellent frontage along N Wright Avenue, providing visibility and natural signage exposure. It is located near Highway 90 and downtown Long Beach, within the surrounding residential neighborhoods, supporting convenient access to local and passing traffic.
The site offers flexibility for future adaptation, including potential subdivision or lot split opportunities. The property is reported to be located within an X flood zone per current maps, and the oversized lot allows room for additional parking, outdoor use, or future expansion depending on the intended use, subject to City of Long Beach approval.
Key Highlights
- c‑2 zoned parcel on N Wright Avenue with approximately 1/2‑acre lot size and strong frontage
- 3‑bedroom, 2‑bath home with approximately 1,476 SF built in 1955
- Recent renovations include full interior and exterior repainting and refinished hardwood flooring throughout most rooms
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
$11,764
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
6.92%
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%
$235,280
$235.3K
Cap Rate 7%
$168,057
$168.1K
Cap Rate 9%
$130,711
$130.7K
Market Conditions
NOI Build-Up for 1,476 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
$19.1K $12.96/SF
− Vacancy
−$3.4K −$2.33/SF
EGI
$15.7K $10.63/SF
− OpEx
−$3.9K −$2.66/SF
NOI
$11.8K $7.97/SF
Area
Harrison County, MS
Vacancy
18.00%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
25.00%
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%
$235,280
Cap Rate 7%
$168,057
Cap Rate 9%
$130,711
Alternative Uses
Best Use
Office B
$168.1K
$147.1K – $196.1K
NOI $11,764 @ 7.0% cap · market cap 6.92%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$237.8K
$208.1K – $277.4K
NOI $16,645 @ 7.0% cap · market cap 9.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
Explore this area
Business Placement
Demographics for 39560, MS
18,611
Population
8,429
Households
2.2
Avg Household Size
41
Median Age
31%
College-Educated
94%
High-School Grad
20.3 sq mi
ZIP Area
917
Density / Sq Mi
$73,090
Median Household Income
$40,000
Median Earnings
$1,196
Median Rent
$210,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Renovated 3-bedroom, 2-bath building on a C-2 zoned half-acre lot with frontage along N Wright Avenue.
Where is this office building located?
The property is located at 612 N Wright Avenue Long Beach, MS.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: c‑2 zoned parcel on N Wright Avenue with approximately 1/2‑acre lot size and strong frontage; 3‑bedroom, 2‑bath home with approximately 1,476 SF built in 1955; Recent renovations include full interior and exterior repainting and refinished hardwood flooring throughout most rooms
