Three-Story Downtown Office
713 Howard Avenue Biloxi, MS 39530
For Sale
$1,900,000
COMMERCIAL - Biloxi, MS
Property Size18,000 SF
Lot Size0.16 Acres
Price / SF$105.56
Days on Market131
Property Features for 713 Howard Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Window features
- Aluminum Frames
- Standard status
- Active
- APN
- 1410k-03-055.000
- Size
- 18,000 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT 80 FT ON HOWARD AVE. BY 86 FT S BY BRADFORD E BY MAIN ST. N BY HOWARD AVE W BY MAVAR SEC BLK 102
- Tax Annual Amount
- 4185
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1911
- Floors in Building
- 3
- Flooring type
- Vinyl
- Roof type
- Rubber
Listing Agency:
Landmark Properties-Wheeler & Assoc., Inc.
(228) 435-4255
Listed By:
Jim Wheeler · License #B14811
(228) 209-3765
Added: Mar 16
Changed: Jul 24
Last Checked: Jul 24 at 7:06PM
MLS# 4142624
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 three-story office building at 713 Howard Avenue in Biloxi’s historic downtown district includes two units on the first floor, which are currently leased. The first-floor leases generate a total of $4,500 in monthly income, while the second and third floors are presently occupied by the owner.
With approximately 18,000 square feet of total building area on a 0.16-acre lot, the property offers a flexible setup for continued owner occupancy or future reconfiguration into additional leased space. The combination of income-producing first-floor units and owner-occupied upper floors provides a straightforward basis for either ongoing use or potential redevelopment of the second and third levels.
With approximately 18,000 square feet of total building area on a 0.16-acre lot, the property offers a flexible setup for continued owner occupancy or future reconfiguration into additional leased space. The combination of income-producing first-floor units and owner-occupied upper floors provides a straightforward basis for either ongoing use or potential redevelopment of the second and third levels.
Key Highlights
- Three‑story building located in Biloxi’s historic downtown district
- First‑floor has 2 leased units generating $4,500 total monthly income
- Second and third floors are currently owner‑occupied
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 | $233.3k | $12.96 |
| − Vacancy | −$42.0k | −$2.33 |
| EGI | $191.3k | $10.63 |
| − OpEx | −$47.8k | −$2.66 |
| NOI | $143.5k | $7.97 |
18,000 SF · lease $12.96/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.05M
$1.79M – $2.39M
NOI $143,467 @ 7.0% cap · market cap 7.55%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$2.90M
$2.54M – $3.38M
NOI $202,986 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Kay's Flowers
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Office units - Three-story office building with two leased units on the first floor and owner-occupied second and third floors.
Where is this office units located?
The property is located at 713 Howard Avenue 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: Three‑story building located in Biloxi’s historic downtown district; First‑floor has 2 leased units generating $4,500 total monthly income; Second and third floors are currently owner‑occupied
