Four-Suite Strip
For Sale
$795,000
D-15506 Lemoyne Blvd, Biloxi, MS 39540
Every retail suite is occupied under lease, providing an established rental configuration.
Property Size5,200 SF
Price / SF$152.88
Days on Market14
Property Features for D-15506 Lemoyne Blvd
General Information
Standard status
Active
Size
5,200 SF
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$7,632
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Coastal Realty Group
(228) 280-8026
Listed By:
Jordyn Rosetti O'Mara · License #S43407
(228) 861-4700
Source:
Exprealty
Added: Oct 6
Changed: Oct 19
Last Checked: Oct 19 at 2:36PM
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 Coastal Realty Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Biloxi retail property comprises four suites within a 5,200-square-foot building. All four suites are leased, with established rental income from the occupied spaces.
Located at D-15506 Lemoyne Blvd, the property sits just south of I-10 and near the Promenade.
Located at D-15506 Lemoyne Blvd, the property sits just south of I-10 and near the Promenade.
Key Highlights
- Four retail suites, all occupied under lease
- 5,200‑square‑foot building
- Located on Lemoyne Blvd in Biloxi, just south of I‑10 and near the Promenade
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,762
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$935,240
$935.2K
Cap Rate 7%
$668,029
$668.0K
Cap Rate 9%
$519,578
$519.6K
Market Conditions
NOI Build-Up for 5,200 SF
Gross rent
$73.0K $14.04/SF
− Vacancy
−$6.2K −$1.19/SF
EGI
$66.8K $12.85/SF
− OpEx
−$20.0K −$3.85/SF
NOI
$46.8K $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 Rate 5%
$935,240
Cap Rate 7%
$668,029
Cap Rate 9%
$519,578
Alternative Uses
Best Use
Retail
$668.0K
$584.5K – $779.4K
NOI $46,762 @ 7.0% cap · market cap 5.88%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$837.7K
$733.0K – $977.3K
NOI $58,640 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
637
Businesses Nearby
Explore this area
Business Placement
Demographics for 39540, MS
12,707
Population
5,444
Households
2.3
Avg Household Size
36
Median Age
20%
College-Educated
88%
High-School Grad
11.4 sq mi
ZIP Area
1,115
Density / Sq Mi
$65,712
Median Household Income
$41,129
Median Earnings
$1,177
Median Rent
$199,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - Every retail suite is occupied under lease, providing an established rental configuration.
Where is this strip mall located?
The property is located at D-15506 Lemoyne Blvd Biloxi, MS.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Four retail suites, all occupied under lease; 5,200‑square‑foot building; Located on Lemoyne Blvd in Biloxi, just south of I‑10 and near the Promenade
