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    Two-Story Office Building For Sale Title is generated by Realmo AI

    998 N Halstead Road, Ocean Springs, MS 39564

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    For Sale
    $1,690,000

    8,000 SF office building in Ocean Springs, MS.

    Type:Commercial/Industrial
    Property size:
    8,000 SF
    Lot size:
    0.46 Acres
    Price / SF:
    $211/SF
    Added:
    Mar 23, 2026
    Days on Market:
    105
    Last Refresh:
    Apr 6 at 12:05 am

    Property Features for 998 N Halstead Road

    General Information

    Standard status
    Active
    Size
    8,000 SF
    Lot size
    0.46 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    2015

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    Tim Carlson
    Tim Carlson

    Listing office Southeast Commercial Of MS, LLC

    Listing date Mar 23, 2026

    Source Exitrealty

    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

    HighLights

    • Prime location off Bienville Boulevard in Ocean Springs, known for its coastal atmosphere and thriving economy.
    • 8,000 SF two‑story office building divided into two 4,000 SF spaces.
    • Modern amenities including an elevator.
    • Convenient drive‑up window.
    • Stained concrete floors.
    • Built in 2015.

    Overview

    This 8,000 square foot, two-story office building is located just off Bienville Boulevard in Ocean Springs, Mississippi. The building was previously used as a pharmacy and features a drive-up window, stained concrete floors, an elevator, and other modern amenities. The space is divided into two office spaces, each 4,000 square feet. The location offers easy access and is suitable for businesses seeking a notable presence in Ocean Springs, a city known for its coastal atmosphere and local economy.

    Local 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 $192.0k $24.00
    − Vacancy −$40.2k −$5.03
    EGI $151.8k $18.97
    − OpEx −$37.9k −$4.74
    NOI $113.8k $14.23
    8,000 SF · lease $24.00/SF/yr · vacancy 20.96% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.63M
    $1.42M – $1.90M (±1% cap)
    NOI $113,818 @ 7.0% cap · market cap 6.73%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $2.19M
    $1.91M – $2.55M (±1% cap)
    NOI $152,986 @ 7.0% cap · market cap 9.05%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Coastal Pharmacy Pharmacy Advanced Pharmaceuticals Pharmacy

    Suggested Use

    Building Supply Restaurant Big Box & Wholesale Store Auto Parts Store Kitchen & Bath Showroom Food Market Grocery & Convenience Store Department Store Electrical Service Electronics & Wireless Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ocean Springs
    County
    Jackson
    State
    Mississippi
    Longitude
    -88.8000433
    Latitude
    30.4134829

    FAQs

    What type of property is this?
    Office building - 8,000 SF office building in Ocean Springs, MS.
    Where is this office building located?
    The property is located at 998 N Halstead Road Ocean Springs, MS.
    What is the asking price?
    The asking price for this property is $1,690,000.
    What are key features of this property?
    This property features: Prime location off Bienville Boulevard in Ocean Springs, known for its coastal atmosphere and thriving economy.; 8,000 SF two‑story office building divided into two 4,000 SF spaces.; Modern amenities including an elevator.
    More about this property
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