Property profile

7608 Parkridge Dr Biloxi, MS 39532

OFF-MARKET
Office buildings
Property ID
US50-0161132
2,400 SF 0.33 ac lot Built 2002
Entity Owned 12-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 3,100-square-foot single-tenant warehouse is ideally situated in Biloxi, Mississippi, at 7608 Park Ridge Dr, 39532. The property boasts a convenient location, less than five minutes from Interstate 10 via the Washington Avenue/Ocean Springs exit off Big Ridge Road. This industrial space features a well-designed layout, including downstairs office space with a reception area and restroom, and additional upstairs office space with a full bathroom. The approximately 2,000-square-foot warehouse area offers two 12' x 12' overhead doors for easy loading and unloading, along with a third restroom. The property is undergoing significant improvements, including the replacement of exterior metal cladding, installation of a new awning over the front entrance, interior office painting, new LVT flooring, and a complete AC/heat system replacement for the office area. The monthly rent is $2,650, modified gross. This property presents a fantastic opportunity for businesses seeking a functional and updated warehouse space in a prime Biloxi location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2002
Total area 2,400 SF
Lot 0.33 ac (14,375 SF)
APN 05060514.000
UPID US50-0161132

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

7608 Parkridge Dr Biloxi, MS 39532-8904
Biloxi metro Census 40301 GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2014
2 recorded transactions
2014
Price N/A
2005
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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