Property profile

782 Water St Biloxi, MS 39530

OFF-MARKET
Retail residential properties
Property ID
US50-0139361
3,915 SF Built 1780
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

Scherer House, also known as the Spanish House, is a historic multi-unit residential property located in Downtown Biloxi within the Golf Cart District. Originally constructed in the 1700s, the property has been renovated and updated to meet 2021 commercial fire and building code requirements, including a current certificate of occupancy, and features multiple improvements such as replaced or updated electrical, HVAC systems, roofing, flooring, and wall and floor sound suppression. The structure contains an iron staircase and four fireplaces, with architectural restoration of historic details and code-compliant windows. Units are furnished and equipped with modern interiors, including quartz countertops, high-end appliances, and stackable washers and dryers, and the property has a 360-degree HD camera system and digital locks. It is sited on a 0.26-acre lot with an estimated total building area of 3,400 square feet, and the rear of the property presents potential space for additional unit development. The layout supports short-term rental and is also suitable for long-term corporate rental use.

Property profile

Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 1780
Total area 3,915 SF
APN 1410K-03-106.000
UPID US50-0139361

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hair Salon
  • Clothing & Fashion Store

Location

782 Water St Biloxi, MS 39530-4222
Biloxi metro Census 3600 GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$225k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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