Office Building with Alley
2412 23rd Avenue Gulfport, MS 39501
2412 23rd Avenue, Gulfport, MS, 39501
$224,900
For Sale
$224,900
COMMERCIAL - Gulfport, MS
Property Size2,362 SF
Lot Size0.47 Acres
Price / SF$95.22
Days on Market165
Property Features for 2412 23rd Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 4
- Parking features
- Off Street
- Fireplace
- 1
- Standard status
- Active
- APN
- 0811c-03-032.000
- Size
- 2,362 SF
- Lot size
- 0.47 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOTS 20 TO 24 INC BLK 50 ORIGINAL GULFPORT
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1989
- Floors in Building
- 1
- Roof type
- Shingle
Listing Agency
Sawyer Real Estate, Inc. Of Ms.
(228) 863-0232
1801 24th Avenue, Gulfport, MS
Listed by
Sandi E Sawyer-Dulaney · License #S22082
(228) 861-4689
Added: Feb 2 Checked: Jul 17 at 12:06 am
MLS# 4138221
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 property offers a versatile layout that has been most recently used as an office and can adapt to a range of professional applications, including office, medical, legal, or other professional uses. The home-like configuration includes 4 bedrooms and 2.5 bathrooms, with updates needed, and provides flexible options for future occupancy planning. It sits on a lot of approximately 0.47 acres.
The property is described as T-5 zoned and features a two-car garage, rear alley access, and additional parking for employees and clients. It is positioned near downtown Gulfport, with proximity noted to the Harrison County Courthouse and Pass Road.
For buyers and tenants seeking a property that can support multiple professional use scenarios, the combination of an adaptable interior layout and practical access and parking features may be of interest.
The property is described as T-5 zoned and features a two-car garage, rear alley access, and additional parking for employees and clients. It is positioned near downtown Gulfport, with proximity noted to the Harrison County Courthouse and Pass Road.
For buyers and tenants seeking a property that can support multiple professional use scenarios, the combination of an adaptable interior layout and practical access and parking features may be of interest.
Key Highlights
- 4‑bedroom, 2.5‑bath home built in 1989, most recently used as an office
- T‑5 zoning offers flexibility for office, medical, legal, professional use, and possible single‑family residential use
- Approximately 0.5‑acre lot with a two‑car garage and off‑street parking
Local 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 | $30.6k | $12.96 |
| − Vacancy | −$5.5k | −$2.33 |
| EGI | $25.1k | $10.63 |
| − OpEx | −$6.3k | −$2.66 |
| NOI | $18.8k | $7.97 |
2,362 SF · lease $12.96/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$380.5K
$333.0K – $443.9K
NOI $26,636 @ 7.0% cap · market cap 11.84%
Second Best
Office B
$268.9K
$235.3K – $313.8K
NOI $18,826 @ 7.0% cap · market cap 8.37%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Office-ready layout with rear alley access, two-car garage, and on-site parking on a T-5 zoned lot.
Where is this office building located?
The property is located at 2412 23rd Avenue Gulfport, MS.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: 4‑bedroom, 2.5‑bath home built in 1989, most recently used as an office; T‑5 zoning offers flexibility for office, medical, legal, professional use, and possible single‑family residential use; Approximately 0.5‑acre lot with a two‑car garage and off‑street parking
