14313 Stenum StBiloxi, MS 39532

Property Details for 14313 Stenum St

Year built

2006

Lot size

0.67 AC

Property size (Sq ft)

4,758 SF

Property type

Retail properties

Property subtype

Other individual retail properties

APN

05060513.000

APU

5060513000

Description

This exceptional commercial investment opportunity presents a 5,000-square-foot flex space building in Biloxi, Mississippi, boasting four 1,250-square-foot suites currently at 75% occupancy. The property, built in 2006 and renovated in 2020, features a durable stucco and metal exterior, a metal roof, and energy-efficient windows. Each suite offers a blend of front office space and expansive warehouse capabilities, including a large lobby/reception area, private office with tile flooring, private bathroom, and a 750-square-foot warehouse with a 12x14 roll-up door and 16-foot ceilings. The single-story building sits on a 0.67-acre lot (APN: 05060513.000) and benefits from high-profile visibility from I-10, with a 92,000 vehicle daily traffic count. The property includes four dock-high doors, ample parking, and a drive-through concrete drive. It's zoned C-3 and offers a current NOI of $86,274 and a pro-forma NOI of $115,632, resulting in a current cap rate of 6.39% and a pro-forma cap rate of 8.57%. The asking price is $1,350,000. This prime location near the I-10/I-110 junction offers easy access to major transportation routes and is surrounded by complementary businesses. The property is fully serviced with utilities and features well-maintained landscaping and energy-efficient LED lighting. This is an ideal investment for those seeking a strong return in a thriving commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,109,160

  6.5%

  $1,023,840

  7%

  $950,709

• Comparable approach

  Method

  Valuation

  Relative Method

  $914,620

  Geo Method

  $852,380

• Alternative Use

  Use

  Valuation

  Residential

  $863,648

  Hospitality

  $791,096

  Educational

  $658,183

  Medical

  $680,819

  Retail

  $1,023,840

Location Insight

City

Biloxi

County

Jackson

State

Mississippi

Latitude

30.4531

Longitude

-88.8494

CBSA code

25060

CBSA name

GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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