Versatile Live-Work Office
15380 5th Street Gulfport, MS 39503
For Sale
$210,000
COMMERCIAL - Gulfport, MS
Property Size2,182 SF
Lot Size0.14 Acres
Price / SF$96.24
Days on Market266
Property Features for 15380 5th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
6
Standard status
Active
APN
0808l-01-072.000
Size
2,182 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
S 1/2 OF LOTS 6-8 INC BLK 26 GULF & SHIP ISLAND DEV CO SEC 4/9-7-11
Tax Annual Amount
1191
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1970
Flooring type
Concrete
Roof type
Asphalt
Listing Agency:
Expect Realty
(228) 215-1861
Listed By:
Blake Nagy · License #S58731
(601) 270-3932
Added: Nov 3, 2025
Changed: Jul 24
Last Checked: Jul 27 at 10:06PM
MLS# 4130194
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.
Located at 15380 5th Street in Gulfport, Mississippi, this for-sale live-work space provides flexibility for a combined residential and business setup. The property is zoned for both residential and business use and includes a spacious layout within approximately 2,182 square feet, sitting on about 0.14 acres.
The property is positioned in a central part of Gulfport with easy access to major highways and nearby local shopping, dining, and entertainment. For tenants and buyers looking for a single property that can support multiple day-to-day uses, this is a practical option with a footprint that can be adapted to a variety of business or personal objectives.
Schedule a private showing to review the layout and determine how it may fit your live-work or office plans.
The property is positioned in a central part of Gulfport with easy access to major highways and nearby local shopping, dining, and entertainment. For tenants and buyers looking for a single property that can support multiple day-to-day uses, this is a practical option with a footprint that can be adapted to a variety of business or personal objectives.
Schedule a private showing to review the layout and determine how it may fit your live-work or office plans.
Key Highlights
- Zoned for both residential and business use, offering flexibility.
- Prime central Gulfport location with easy access to major highways, shops, dining, and entertainment.
- Excellent visibility and accessibility, ideal for entrepreneurs and businesses.
Financial Insights For Office B
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 | $28.3k | $12.96 |
| − Vacancy | −$5.1k | −$2.33 |
| EGI | $23.2k | $10.63 |
| − OpEx | −$5.8k | −$2.66 |
| NOI | $17.4k | $7.97 |
2,182 SF · lease $12.96/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$248.4K
$217.4K – $289.9K
NOI $17,391 @ 7.0% cap · market cap 8.28%
Second Best
Mixed Use
$220.9K
$193.3K – $257.8K
NOI $15,465 @ 7.0% cap · market cap 7.36%
Theoretical Best
Healthcare Medical
$351.5K
$307.6K – $410.1K
NOI $24,606 @ 7.0% cap · market cap 11.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Live-work space - Zoned for both residential and business use, this live-work space offers a flexible layout in Gulfport.
Where is this live-work space located?
The property is located at 15380 5th Street Gulfport, MS.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Zoned for both residential and business use, offering flexibility.; Prime central Gulfport location with easy access to major highways, shops, dining, and entertainment.; Excellent visibility and accessibility, ideal for entrepreneurs and businesses.
