Hi-Tech Auto Repair
For Sale
$599,000
880 Barthes St, Biloxi, MS 39530
Established automotive facility with a separately negotiable operating business and an additional lot included in the sale.
Property Size3,000 SF
Lot Size0.15 Acres
Price / SF$199.67
Days on Market33
Property Features for 880 Barthes St
General Information
Standard status
Active
Size
3,000 SF
Lot size
0.15 Acres
Building Details
Year Built
2003
Listing Agency:
Thom Newman, II Realty
(228) 697-9794
Listed By:
Thom H Newman · License #B14638
Source:
Fiorellaavenue
Added: Jul 27
Changed: Aug 28
Last Checked: Aug 25 at 4:35AM
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 Thom Newman, II Realty
Investment Insights
Based on property information with market context.
This auto repair property includes a hi-tech garage and the building itself. The operating business is separately negotiable, allowing the transaction to focus on the real estate or potentially include the established operation. The property has supported automotive service activity for more than 50 years.
Located in Downtown Biloxi, the facility offers access to D'Iberville and Biloxi’s casino district. The sale also includes Parcel # 1410F-06-143.000, an additional 95' x 70' lot. The property is associated with the former Dave's Garage operation.
Located in Downtown Biloxi, the facility offers access to D'Iberville and Biloxi’s casino district. The sale also includes Parcel # 1410F-06-143.000, an additional 95' x 70' lot. The property is associated with the former Dave's Garage operation.
Key Highlights
- Hi‑tech garage configured for automotive repair use
- Building included; operating business is separately negotiable
- More than 50 years of automotive service history
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
$26,978
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
4.50%
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%
$539,560
$539.6K
Cap Rate 7%
$385,400
$385.4K
Cap Rate 9%
$299,756
$299.8K
Market Conditions
NOI Build-Up for 3,000 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
$42.1K $14.04/SF
− Vacancy
−$3.6K −$1.19/SF
EGI
$38.5K $12.85/SF
− OpEx
−$11.6K −$3.85/SF
NOI
$27.0K $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 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%
$539,560
Cap Rate 7%
$385,400
Cap Rate 9%
$299,756
Alternative Uses
Best Use
Retail
$385.4K
$337.2K – $449.6K
NOI $26,978 @ 7.0% cap · market cap 4.50%
Second Best
Industrial
$214.1K
$187.4K – $249.8K
NOI $14,988 @ 7.0% cap · market cap 2.50%
Theoretical Best
Healthcare Medical
$483.3K
$422.9K – $563.9K
NOI $33,831 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,311
Businesses Nearby
55k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 40%
Hotels & Casinos 6%
Shell
Shops & Services
19,201 visits/mo
0.4 miles
Half Shell Oyster House
Dining
17,885 visits/mo
0.4 miles
Waffle House
Dining
5,964 visits/mo
0.4 miles
Mugshots Grill & Bar
Dining
5,891 visits/mo
0.5 miles
Best Western Oak Manor
Hotels & Casinos
3,496 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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Firestone Complete Auto Care — 887 Howard Ave, Biloxi, MS 39530
- Wrenchin' Engines Garage — 808 Howard Ave Office 111, Suite C, Biloxi, MS 39530
- Golden Gulf High Tech Auto & Air Repair — 880 Barthes St, Biloxi, MS 39530
- Golden Gulf Specialized — 880 Barthes St, Biloxi, MS 39530
- Hammett's Auto Electric — 198 Main St, Biloxi, MS 39530
Frequently Asked Questions
What type of property is this?
Auto shop - Established automotive facility with a separately negotiable operating business and an additional lot included in the sale.
Where is this auto shop located?
The property is located at 880 Barthes St Biloxi, MS.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Hi‑tech garage configured for automotive repair use; Building included; operating business is separately negotiable; More than 50 years of automotive service history
