Multi-Tenant Shopping
1092 Acadian Drive lot 3 Gulfport, MS 39507
For Sale
$499,500
COMMERCIAL - Gulfport, MS
Property Size4,395 SF
Lot Size0.35 Acres
Price / SF$113.65
Days on Market126
Property Features for 1092 Acadian Drive lot 3
General Information
Property type
Commercial Sale
Property subtype
Office
Bathrooms
3
Rooms
Bathroom 2, Bathroom 3, Bathroom 5, Bathroom 1, Bathroom 4
Accessibility
Accessible Approach with Ramp
Standard status
Active
APN
1010f-03-005.001
Size
4,395 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 2 ACADIAN SQUARE BUSINESS PARK SEC 30-7-10
Tax Annual Amount
5859
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
2001
Floors in Building
1
Roof type
Metal
Listing Agency:
Blaine & Co., LLC
(228) 861-5830
Listed By:
Matthew A Blaine · License #B20768
(228) 861-6449
Added: Mar 24
Changed: Jul 24
Last Checked: Jul 27 at 9:06AM
MLS# 4143596
Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This established, income-producing multi-tenant shopping center is offered for sale as a retail property with a current rental history. The site includes a multi-tenant configuration and is situated on approximately 0.35 acres, with a building size of about 4,395 square feet. The listing notes several long-term occupants and consistent income through current tenancy.
Located just off Pass Road near the Cowan-Lorraine intersection, the center is described as having visibility and accessibility, with approximately 30,000 cars passing daily along Pass Road. The property is zoned T4+ and is positioned near established retailers and service businesses, including Walmart Neighborhood Market, Rouses Market, Dunkin’ Donuts, Walgreens, McDonald’s, and Club 4 Fitness. The center is also described as being directly behind Thriffiley Orthopedic and near dense residential neighborhoods and apartments, supporting ongoing customer traffic for retail-oriented uses.
Located just off Pass Road near the Cowan-Lorraine intersection, the center is described as having visibility and accessibility, with approximately 30,000 cars passing daily along Pass Road. The property is zoned T4+ and is positioned near established retailers and service businesses, including Walmart Neighborhood Market, Rouses Market, Dunkin’ Donuts, Walgreens, McDonald’s, and Club 4 Fitness. The center is also described as being directly behind Thriffiley Orthopedic and near dense residential neighborhoods and apartments, supporting ongoing customer traffic for retail-oriented uses.
Key Highlights
- Multi‑tenant shopping center with several long‑term occupants and an established rental history
- Strategically located just off Pass Road near the high‑traffic intersection of Cowan‑Lorraine
- Approximately 30,000 cars passing daily along Pass Road
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.7k | $14.04 |
| − Vacancy | −$5.2k | −$1.19 |
| EGI | $56.5k | $12.85 |
| − OpEx | −$16.9k | −$3.85 |
| NOI | $39.5k | $8.99 |
4,395 SF · lease $14.04/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$564.6K
$494.0K – $658.7K
NOI $39,523 @ 7.0% cap · market cap 7.91%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$708.0K
$619.5K – $826.0K
NOI $49,562 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Village Square Mall — 1909 E Pass Rd, Gulfport, MS 39507
- Handsboro Square Shopping Center — 1323 E Pass Rd, Gulfport, MS 39507
- Coinstar Kiosk | Bitcoin ATM — Rouses Market, 1444 E Pass Rd, Gulfport, MS 39507
Frequently Asked Questions
What type of property is this?
Shopping center - Established multi-tenant retail center with current tenancy and T4+ zoning in Gulfport.
Where is this shopping center located?
The property is located at 1092 Acadian Drive lot 3 Gulfport, MS.
What is the asking price?
The asking price for this property is $499,500.
What are key features of this property?
This property features: Multi‑tenant shopping center with several long‑term occupants and an established rental history; Strategically located just off Pass Road near the high‑traffic intersection of Cowan‑Lorraine; Approximately 30,000 cars passing daily along Pass Road
