Leased Office Property with
6200 Washington Avenue Ocean Springs, MS 39564
6200 Washington Avenue, Ocean Springs, MS, 39564
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For Sale
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Leased office property with a 750 sq ft Quonset hut for onsite storage behind the main office.
Property Size1,764 SF
Price / SF$394.54
Days on Market87
Property Features for 6200 Washington Avenue
General Information
- Standard status
- Active
- Size
- 1,764 SF
- Property subtype
- Office
Building Details
- Year Built
- 1967
Listing agency
Weichert Realtors Gulf Properties
(228) 234-8420
Listed by
Reece Roberts · License #B-18060
Source
Crexi
Added: Apr 28 Updated: Jul 22 at 5:22PM Checked: Jul 22 at 5:22PM
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 Realtors Gulf Properties
Investment Insights
Based on property information with market context.
This for-sale leased office property includes a main office area and a 750 sq ft Quonset hut located behind the primary structure. The Quonset hut provides additional onsite storage capacity while the office remains under lease.
The property is positioned between Highway 90 and I-10 at 6200 Washington Avenue in Ocean Springs, MS 39564. The surrounding area includes a church, gas station, office buildings, boat sales, and restaurants.
The offering is presented as tenant-in-place, combining an income-producing office component with a separate enclosed storage building on the same site.
The property is positioned between Highway 90 and I-10 at 6200 Washington Avenue in Ocean Springs, MS 39564. The surrounding area includes a church, gas station, office buildings, boat sales, and restaurants.
The offering is presented as tenant-in-place, combining an income-producing office component with a separate enclosed storage building on the same site.
Key Highlights
- Office property built in 1967
- Currently leased, providing ongoing income
- Sale includes a 750 sq ft Quonset hut behind the main office for storage
Local Financial Insights For Office B
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 | $42.3k | $24.00 |
| − Vacancy | −$8.9k | −$5.03 |
| EGI | $33.5k | $18.97 |
| − OpEx | −$8.4k | −$4.74 |
| NOI | $25.1k | $14.23 |
1,764 SF · lease $24.00/SF/yr · vacancy 20.96% · expense 25.00%
Alternative Uses
Best Use
Office B
$358.5K
$313.7K – $418.3K
NOI $25,097 @ 7.0% cap · market cap 3.61%
Second Best
Warehouse
$198.4K
$173.6K – $231.5K
NOI $13,889 @ 7.0% cap · market cap 2.00%
Theoretical Best
Office A
$481.9K
$421.7K – $562.2K
NOI $33,733 @ 7.0% cap · market cap 4.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Precision Company Inc.
HVAC Service
AeroCare
Medical Supply Store
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Leased office property with a 750 sq ft Quonset hut for onsite storage behind the main office.
Where is this office units located?
The property is located at 6200 Washington Avenue Ocean Springs, MS.
What is the asking price?
The asking price for this property is $695,975.
What are key features of this property?
This property features: Office property built in 1967; Currently leased, providing ongoing income; Sale includes a 750 sq ft Quonset hut behind the main office for storage
