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    280 Eisenhower Dr Biloxi, MS 39531
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    Property profile & analytics

    280 Eisenhower Dr, Biloxi, MS 39531

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    • Super regional malls
    • 61,239 SF
    • 8.30 lot acres
    For Lease
    $12 SF/Yr
    View Listing →
    Edgewater Square Retail Space For Lease
    $12 SF/Yr
    125,373 SF

    Edgewater Square Retail Space

    Retail spaces for lease in Biloxi, Mississippi.

    280 Eisenhower Dr, Biloxi, MS 39531
    View Listing
    Property ID
    US50-0107359
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Ciggy Outlet / Discount Store / Clothing & Fashion Store
    • Smoke Shore / (Bike/Boat/Book/etc) Store
    • Hemp Boutique / Big Box & Wholesale Store

    Property Details for 280 Eisenhower Dr

    Year built
    1978
    Lot size
    8.30 lot acres
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    1110F-02-006.000
    APU
    1110F02006000

    Description

    Edgewater Square Shopping Center, located at 280 Eisenhower Drive in Biloxi, Mississippi, presents a compelling investment opportunity. This 125,373-square-foot retail center is undergoing a significant redevelopment, encompassing parking lot repaving and restriping, elevation improvements, and pylon sign refurbishment. The property boasts a prime location at the signalized intersection of Pass Road and Eisenhower Drive, ensuring high visibility and convenient access for customers. Currently, the center features Harbor Freight Tools as an anchor tenant, and is welcoming Picklr, Biloxi's first indoor pickleball facility, as a new anchor tenant. Pass Road, a major commercial artery, runs parallel to US-90, a key thoroughfare along the Mississippi Gulf Coast. The strategic location places the center just one block from the Walmart Supercenter and Edgewater Mall, home to major anchors such as Dillard's, JCPenney, Belk, and Books-A-Million. Adding to its long-term potential, Edgewater Square is adjacent to railroad tracks designated for the future Gulf Coast Rail line, connecting New Orleans and Mobile with stops along the Mississippi coast. The center offers a variety of spaces available for lease, catering to diverse retail needs. The ongoing redevelopment enhances the property's appeal and ensures a modern, attractive shopping environment. This is a rare opportunity to acquire a well-positioned retail center in a thriving coastal Mississippi market. The property consists of three single-story buildings in Harrison County, zip code 39531.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Biloxi
    County
    Harrison
    State
    Mississippi
    Longitude
    -88.9922
    Latitude
    30.3996
    CBSA code
    25060
    CBSA name
    GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $78,956
    $0.00
    $0.00
    $719,285
    -
    $1,247,341
    $3,547,893
    $4,795,234

    Comparable in this City

    • Value Estimation by Request
      3,258 SF

      263 Iberville Dr

      REGIONAL SHOPPING CENTER, MALL
      263 Iberville Dr, Biloxi, MS 39531-4366
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    • Value Estimation by Request
      14,719 SF

      1670 Pass Rd

      REGIONAL SHOPPING CENTER, MALL
      1670 Pass Rd, Biloxi, MS 39531-4360
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    • Value Estimation by Request
      8,772 SF

      2363 Pass Rd

      REGIONAL SHOPPING CENTER, MALL
      2363 Pass Rd, Biloxi, MS 39531-2237
      View Details
    • Value Estimation by Request
      77,672 SF

      2650 Bch Blvd

      REGIONAL SHOPPING CENTER, MALL
      2650 Bch Blvd, Biloxi, MS 39531-4517
      View Details
    • Value Estimation by Request
      121,440 SF

      2368 Pass Rd

      REGIONAL SHOPPING CENTER, MALL
      2368 Pass Rd, Biloxi, MS 39531-2236
      View Details
    • Value Estimation by Request
      50,835 SF

      2400 Pass Rd

      REGIONAL SHOPPING CENTER, MALL
      2400 Pass Rd, Biloxi, MS 39531-2123
      View Details

    Similar Nearby for Sale

    • New
      Contact for pricing
      1,200 SF

      Ground Lease Retail Outparcel

      Ground lease with Murphy USA and scheduled rent escalations on a retail outparcel adjacent to Edgewater Mall.
      190 Eisenhower Dr, Biloxi, MS 39531
      View Details
    • Contact for pricing
      6,340 SF

      Two-Unit Commercial Building on Pass

      Two-unit commercial building on Pass Road with redevelopment potential.
      1885 Pass Rd, Biloxi, MS 39531
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      4,898 SF

      Former Restaurant Approved for Gas

      4,898 SF property approved for gas station repurposing.
      1644 Pass Rd, Biloxi, MS 39531
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      Pending

      Biloxi Commercial Property on Pass

      Prime commercial property with high visibility and versatile zoning.
      1731 Pass Rd, Biloxi, MS 39531
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      7,021 SF

      Commercial Building on Busy Pass

      Commercial building suitable for retail, office, or mixed-use development.
      2733 Pass Rd, Biloxi, MS 39531
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      5,772 SF

      Biloxi Retail Investment Opportunity

      Retail building with long-term tenant in prime location.
      2585 Pass Rd, Biloxi, MS 39531
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    Similar Nearby for Lease

    • Contact for pricing

      Edgewater Square Retail Space

      Retail spaces for lease in Biloxi, Mississippi.
      280 Eisenhower Dr, Biloxi, MS 39531
      View Details
    • $1,300 /Mo
      1,000 SF

      Prime Retail/Office Space Available

      1,000 SF retail/office space in high-traffic Biloxi location.
      2643 Executive Pl, Biloxi, MS 39531
      View Details
    • $15 SF/Yr
      4,400 SF

      Versatile Commercial Property on Pass Road

      Commercial property in Biloxi with flexible space and ample parking.
      2030 Pass Rd, Biloxi, MS 39531
      View Details
    • Contact for pricing
      1,350 SF

      Office Space in Oak Park

      Office space available for rent in Biloxi, Mississippi.
      2541 Pass Rd, Biloxi, MS 39531
      View Details
    • Contact for pricing

      Professional Office Space Available

      1085 SF office space for lease on Pass Road.
      1643 East Pass Rd, Biloxi, MS 39531
      View Details
    • Contact for pricing
      2,460 SF

      Office and Warehouse Space Available

      Office and warehouse space near Edgewater Mall with ample parking.
      285 Gulfwater Dr, Biloxi, MS 39531
      View Details
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    Biloxi, MS 39531
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    280 Eisenhower Dr, Biloxi, MS, 39531
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