Two-Story Class A Office
920 Tommy Munro Dr, Biloxi, MS 39532
For Sale
$2,400,000
Class A office property with multiple lobbies, waiting areas, break rooms, and an elevator.
Property Size10,089 SF
Price / SF$237.88
Days on Market94
Property Features for 920 Tommy Munro Dr
General Information
Standard status
Size
Class
Elevators
Site & Location
Highway Access
Road Access
Amenities
welcome lobbies
waiting rooms
break rooms with kitchen
ADA compliant restrooms
exterior balcony
Building Details
Year Built
Buildings
Stories
Building Size
Listing Agency:
Jordan Salloum, Broker
Listed By:
Jordan Salloum · License #S24257
(228) 424-0330
Source:
Fiorellaavenue
Added: Aug 8
Changed: Oct 25
Last Checked: Oct 7 at 1:15PM
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 Jordan Salloum, Broker
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Investment Insights
Based on property information with market context.
This 10,089 SF Class A office building occupies just over one acre in Biloxi Commerce Park. The two-story layout includes three lobby and reception areas, three waiting rooms, two full break rooms with kitchens, a full-service elevator, four ADA-compliant restrooms, and more than 23 offices that could accommodate medical exam rooms. An exterior balcony with two staircases adds another functional building feature, while ample parking supports daily operations.
The property is located one lot off Popp's Ferry Road, with clear visibility from the roadway and approximately 21,000 vehicles passing daily. It sits about half a mile south of I-10 and approximately half a mile west of Cedar Lake Road, which carries approximately 6,400 vehicles daily. The building is directly behind Memorial Physician's Clinic on Popp's Ferry Road and is also available for lease.
The property is located one lot off Popp's Ferry Road, with clear visibility from the roadway and approximately 21,000 vehicles passing daily. It sits about half a mile south of I-10 and approximately half a mile west of Cedar Lake Road, which carries approximately 6,400 vehicles daily. The building is directly behind Memorial Physician's Clinic on Popp's Ferry Road and is also available for lease.
Key Highlights
- 10,089 SF Class A office building on just over one acre
- Three lobby and reception areas plus three waiting rooms
- Two full break rooms with kitchens
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,774
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,275,480
$2.3M
Cap Rate 7%
$1,625,343
$1.6M
Cap Rate 9%
$1,264,156
$1.3M
Market Conditions
NOI Build-Up for 10,089 SF
Gross rent
$211.9K $21.00/SF
− Vacancy
−$22.2K −$2.21/SF
EGI
$189.6K $18.80/SF
− OpEx
−$75.8K −$7.52/SF
NOI
$113.8K $11.28/SF
Area
Harrison County, MS
Vacancy
10.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,275,480
Cap Rate 7%
$1,625,343
Cap Rate 9%
$1,264,156
Alternative Uses
Best Use
Healthcare Medical
$1.63M
$1.42M – $1.90M
NOI $113,774 @ 7.0% cap · market cap 4.74%
Second Best
Office B
$1.15M
$1.01M – $1.34M
NOI $80,413 @ 7.0% cap · market cap 3.35%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
691
Businesses Nearby
Explore this area
Business Placement
Demographics for 39532, MS
34,348
Population
15,466
Households
2.2
Avg Household Size
39
Median Age
26%
College-Educated
86%
High-School Grad
82.2 sq mi
ZIP Area
418
Density / Sq Mi
$65,892
Median Household Income
$40,751
Median Earnings
$1,098
Median Rent
$227,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Harrison County, MS
Properties on Market for Office buildings in Harrison County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Class A office property with multiple lobbies, waiting areas, break rooms, and an elevator.
Where is this office building located?
The property is located at 920 Tommy Munro Dr Biloxi, MS.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 10,089 SF Class A office building on just over one acre; Three lobby and reception areas plus three waiting rooms; Two full break rooms with kitchens
