Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    15104 Monroe St, Unit 31 Gulfport, MS 39501

    Sponsored
    For Sale
    Contact for pricing

    LAND - Gulfport, MS

    Type:Single Family Residence
    Lot size:
    0.09 Acres
    Days on Market:
    33
    Last Refresh:
    Feb 3 at 7:06 pm

    Property Features for 15104 Monroe St

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    APN
    0810f-01-116.000
    Lot size
    0.09 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Lynae Jacob

    Rovira Team Realty (228) 205-3844

    Listing agent Lynae Jacob (228) 205-3844 License #S55122

    Listing date Jan 2, 2026

    MLS# 4088960 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Gulfport Land Near Highway 49

    This centrally located land is situated just off Highway 49 South, near Lowes, Walmart, and various restaurants. The property consists of Lots 31 & 32, Parcel #: 0810f-01-116.000. According to the FEMA Flood Map, the property is located in a non-flood zone. The lot was purchased from a Mississippi State Tax Sale. The lot size is 0.09 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gulfport
    County
    Harrison
    State
    Mississippi
    Longitude
    -89.089496
    Latitude
    30.403228

    Nearby Similar for Sale

    • New
      $775,000
      8,214 SF

      Gulfport Investment Property Package Deal

      Income-producing package deal featuring 6 properties (8 doors total).
      3407 53Rd Ave, Gulfport, MS 39501
      View Details
    • $1,475,000
      5,040 SF

      Turnkey Day Care Center

      Fully renovated day care center with outdoor play space for sale.
      11376 Three Rivers Rd, Gulfport, MS 39503
      View Details
    • $600,000
      5,039 SF

      Gulfport Bar/Tavern Opportunity

      Established bar with potential for expanded business model.
      393 Tegarden Rd, Gulfport, MS 39507
      View Details
    • $1,300,000
      14,000 SF

      Gulfport Mixed-Use Retail Opportunity

      Versatile 14,000+ sq ft property near beaches and downtown.
      1720 Pass Rd, Gulfport, MS 39501
      View Details
    • $329,000
      1,500 SF

      Turnkey Beachside Duplex in Gulfport

      Furnished duplex near the beach with income potential.
      4409 Ford St, Gulfport, MS 39501
      View Details
    • New
      $384,000
      5,258 SF

      Mixed-Use Building Near MS Aquarium

      Mixed-use building near MS Aquarium in walkable downtown district.
      1501 24Th Ave, Gulfport, MS 39501
      View Details
    • $698,000
      4,666 SF

      Versatile Commercial Investment Property

      Multi-building commercial property with income potential and expansion space.
      15237 Russell Blvd, Gulfport, MS 39503
      View Details
    • $319,900
      4,800 SF

      Commercial Space Near Downtown Gulfport

      Commercial space with tenants, warehouse, and income potential near downtown.
      1524 Pass Rd, Gulfport, MS 39507
      View Details
    • $324,000
      1,886 SF

      Downtown Gulfport Office Space

      Former law office near courthouse with parking and full kitchen.
      1904 24Th Ave, Gulfport, MS 39501
      View Details
    • $825,000
      9,936 SF

      Versatile Commercial Property in Gulfport

      Adaptable commercial space with offices, warehouse, and ample storage.
      14321 Creosote Rd, Gulfport, MS 39503
      View Details
    • $240,000
      Pending

      Gulfport Multifamily Investment Opportunity

      Multifamily property in Gulfport, MS, with existing rental income.
      2212 21St Ave, Gulfport, MS 39501
      View Details
    • $229,500
      1,422 SF

      Gulfport Live-Work Commercial Cottage

      Live and work in style near Gulfport Harbor!
      1702 23Rd Ave, Gulfport, MS 39501
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Centrally located land near Highway 49, Lowes, Walmart, and restaurants.
    Where is this residential land & home lot located?
    The property is located at 15104 Monroe St, Unit 31 Gulfport, MS.
    What is the asking price?
    The asking price for this property is $4,900.
    What are key features of this property?
    This property features: - Located in a FEMA-designated Non-Flood Zone.; - Centrally located near Hwy 49 South, Lowe's, Walmart, and restaurants.; - Public water and sewer services available.
    (228) 205-3844
    Request Owner's contact information
    15104 Monroe St, Unit 31 Gulfport, MS 39501
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    15104 Monroe St, Unit 31
    Gulfport, MS 39501
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    15104 Monroe St, Unit 31 Gulfport, MS 39501
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Lynae Jacob
    Real Estate License ID: S55122
    (228) 205-3844
    Learn more
    Google sign-in failed. Please try again or use another login method.