Building Details

Year Built 1911

Buildings 1

Stories 3

Listing Agency: Landmark Properties-Wheeler & Assoc., Inc.

Listed By: Jim Wheeler · License #B14811 Show Phone

Source: Fiorellaavenue

Added: Aug 24 Changed: Oct 15 Last Checked: Oct 7 at 3:32PM

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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 Landmark Properties-Wheeler & Assoc., Inc.

Investment Insights

Based on property information with market context.

Built in 1911, this three-story mixed-use property contains 18,000 SF at 713 Howard Ave in Biloxi’s historic downtown district. The first level is divided into two leased units, while the second and third floors are occupied by the owner.

The upper floors provide flexibility for continued owner occupancy or conversion to additional leased units, as supported by the current configuration. The property combines street-level commercial space with separately occupied upper floors within Biloxi’s historic downtown area.

Key Highlights

• 18,000 SF three‑story mixed‑use building
• Built in 1911
• Two leased units occupy the first floor

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$161,867

Cap Rate

8.52%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,237,340 $3.2M

Cap Rate 7%

$2,312,386 $2.3M

Cap Rate 9%

$1,798,522 $1.8M

Market Conditions

NOI Build-Up for 18,000 SF

Gross rent

$252.7K $14.04/SF

− Vacancy

−$21.5K −$1.19/SF

EGI

$231.2K $12.85/SF

− OpEx

−$69.4K −$3.85/SF

NOI

$161.9K $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%

$3,237,340

Cap Rate 7%

$2,312,386

Cap Rate 9%

$1,798,522

Alternative Uses

Best Use

Retail

$2.31M

$2.02M – $2.70M (±1% cap)

NOI $161,867 @ 7.0% cap · market cap 8.52%

Second Best

Mixed Use

$1.82M

$1.59M – $2.13M (±1% cap)

NOI $127,575 @ 7.0% cap · market cap 6.71%

Theoretical Best

Healthcare Medical

$2.90M

$2.54M – $3.38M (±1% cap)

NOI $202,986 @ 7.0% cap · market cap 10.68%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Kay's Flowers (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Furniture & Home Goods Storage Facility (Bike/Boat/Book/etc) Store Garden Center Electrical Service Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,047

Businesses Nearby

89k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 71% Shops & Services 25% Hotels & Casinos 4%

McDonald's Dining

26,133 visits/mo 0.1 miles

Shell Shops & Services

19,201 visits/mo 0.4 miles

Half Shell Oyster House Dining

17,885 visits/mo 0.2 miles

Waffle House Dining

7,325 visits/mo 0.1 miles

Waffle House Dining

5,964 visits/mo 0.4 miles

Demographics for 39530, MS

8,392

Population

4,533

Households

1.9

Avg Household Size

41

Median Age

18%

College-Educated

82%

High-School Grad

4.5 sq mi

ZIP Area

1,865

Density / Sq Mi

$39,755

Median Household Income

$26,222

Median Earnings

$821

Median Rent

$149,600

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Three-story mixed-use building with two leased first-floor units and owner-occupied second and third floors.

Where is this mixed-use property located?

The property is located at 713 Howard Ave Biloxi, MS.

What is the asking price?

The asking price for this property is $1,900,000.

What are key features of this property?

This property features: 18,000 SF three‑story mixed‑use building; Built in 1911; Two leased units occupy the first floor