Fully Leased Professional Office
993 Tommy Munro Dr Biloxi, MS 39532
For Sale
Contact for pricing
Turnkey, fully leased professional office building with an included improved expansion parcel and dedicated parking lot.
Property Size4,500 SF
Price / SF$266.67
Days on Market147
Property Features for 993 Tommy Munro Dr
General Information
- Standard status
- Active
- Size
- 4,500 SF
- Property subtype
- OFFICE
Listing Agency:
Southeast Commercial of MS, LLC
(228) 224-4777
Listed By:
Victoria Chambers · License #S-48764
(228) 224-4777
Source:
Moodyscre
Added: Feb 27
Changed: Jul 22
Last Checked: Jul 22 at 5:11AM
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 Southeast Commercial of MS, LLC
Investment Insights
Based on property information with market context.
Turnkey professional office building offered for sale, totaling approximately 4,500 square feet and currently fully leased to tenants. The property is presented as an investment opportunity with stable occupancy.
The building is located in Biloxi Commerce Park with visibility and access described as being just off I-10 along the Popps Ferry Road and Cedar Lake Road corridor. The site is positioned within a well-established business area with proximity to major employers, retail, and interstate connectivity.
In addition to the existing office building, an additional contiguous one-acre parcel is included. The expansion parcel is already improved with a dedicated parking lot, providing options for future growth, additional office development, or complementary development consistent with the property’s current configuration.
The building is located in Biloxi Commerce Park with visibility and access described as being just off I-10 along the Popps Ferry Road and Cedar Lake Road corridor. The site is positioned within a well-established business area with proximity to major employers, retail, and interstate connectivity.
In addition to the existing office building, an additional contiguous one-acre parcel is included. The expansion parcel is already improved with a dedicated parking lot, providing options for future growth, additional office development, or complementary development consistent with the property’s current configuration.
Key Highlights
- Fully leased 4,500 SF professional office building
- 100% leased to tenants for stable, immediate income
- Included expansion parcel: additional contiguous 1‑acre parcel with a dedicated parking lot
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 | $58.3k | $12.96 |
| − Vacancy | −$10.5k | −$2.33 |
| EGI | $47.8k | $10.63 |
| − OpEx | −$12.0k | −$2.66 |
| NOI | $35.9k | $7.97 |
4,500 SF · lease $12.96/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$512.4K
$448.3K – $597.8K
NOI $35,867 @ 7.0% cap · market cap 2.99%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$725.0K
$634.3K – $845.8K
NOI $50,747 @ 7.0% cap · market cap 4.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Methodist Orthotics & Prosthetics
Orthotics & Prosthetics Service
American Sleep Diagnostics
Physician
Jennifer Galle
Physician
Vision Therapy Center-South ...
Physician
Copy Graphics Inc
Professional Services
FAQs
What type of property is this?
Office building - Turnkey, fully leased professional office building with an included improved expansion parcel and dedicated parking lot.
Where is this office building located?
The property is located at 993 Tommy Munro Dr Biloxi, MS.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Fully leased 4,500 SF professional office building; 100% leased to tenants for stable, immediate income; Included expansion parcel: additional contiguous 1‑acre parcel with a dedicated parking lot
