7608 Parkridge DrBiloxi, MS 39532

Property Details for 7608 Parkridge Dr

Year built

2002

Lot size

0.33 AC

Property size (Sq ft)

2,400 SF

Property type

Office properties

Property subtype

Office buildings

APN

05060514.000

APU

5060514000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $380,596

  6.5%

  $351,319

  7%

  $326,225

• Comparable approach

  Method

  Valuation

  Relative Method

  $183,074

  Geo Method

  $170,616

• Alternative Use

  Use

  Valuation

  Residential

  $435,636

  Hospitality

  $399,040

  Educational

  $331,996

  Medical

  $343,414

  Retail

  $516,439

Location Insight

City

Biloxi

County

Jackson

State

Mississippi

Latitude

30.4527

Longitude

-88.8495

CBSA code

25060

CBSA name

GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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