Live-Work Property with
For Sale
$369,000
2713 15th Avenue, Gulfport, MS 39501
Commercial Sale, Gulfport, MS
Property Size3,300 SF
Lot Size1.04 Acres
Price / SF$60.49
Days on Market573
Property Features for 2713 15th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
B2
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 3
Subdivision
Arlington Heights
Lot features
Level, Fenced, Level, Fenced
Directions
Between Pass Road and 28th street on 15th Ave.
Standard status
Active
APN
0811b-01-030.000
Size
6,100 SF
Lot size
1.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
0811b-01-030.000 LOTS 12 & 13 INC BLK 3 ARLINGTON HEIGHTS ADD 0811b-01-030.001 LOTS 9 THRU 11 INC BLK 3 ARLIN 0811b-01-031.000 E 80 FT OF LOTS 14 TO 18 INC B 0811b-01-050.000 LOTS 23 TO 26 INC BLK 3 ARLING
Tax Annual Amount
3332
Legal Description
0811b-01-030.000 LOTS 12 & 13 INC BLK 3 ARLINGTON HEIGHTS ADD 0811b-01-030.001 LOTS 9 THRU 11 INC BLK 3 ARLIN 0811b-01-031.000 E 80 FT OF LOTS 14 TO 18 INC B 0811b-01-050.000 LOTS 23 TO 26 INC BLK 3 ARLING
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1962
Floors in Building
1
Flooring type
Laminate
Building materials
Vinyl Siding
Roof type
Metal
Listing Agency:
Coldwell Banker Alfonso Realty-Lorraine Rd · Coldwell Banker Real Estate
(228) 287-1000
Listed By:
Vivian Champaigne · License #S49613
(228) 596-0407
Added: Jan 29, 2025
Changed: Aug 23
Last Checked: Aug 25 at 7:06AM
MLS# 4102295
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 B-2-zoned live-work property occupies 1.04 acres across four parcels at 2713 15th Avenue in Gulfport. The main building contains 3,300 square feet, including 1,800 square feet of finished living and office area with a full kitchen, appliances, washer and dryer, two bathrooms, updated windows, and vinyl siding. The remaining 1,500 square feet provides garage and workshop space with alley access and a wide entry door.
A separate 2,800-square-foot open-span warehouse features high ceilings, roll-up doors at both ends, and drive-through movement between 15th Street and the alley. Three fully fenced lots front 15th Street, while the property also includes parking and outdoor areas. Public water and sewer serve the site, and a natural gas-powered generator is included. The property is positioned between Pass Road and 28th Street, with access to U.S. Highway 49 and Gulfport-Biloxi International Airport.
A separate 2,800-square-foot open-span warehouse features high ceilings, roll-up doors at both ends, and drive-through movement between 15th Street and the alley. Three fully fenced lots front 15th Street, while the property also includes parking and outdoor areas. Public water and sewer serve the site, and a natural gas-powered generator is included. The property is positioned between Pass Road and 28th Street, with access to U.S. Highway 49 and Gulfport-Biloxi International Airport.
Key Highlights
- B‑2 zoning across a 1.04‑acre, four‑parcel property
- Main building totals 3,300 square feet, with 1,800 square feet of finished living and office space
- Main building includes a 1,500‑square‑foot garage and workshop area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,475
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$609,500
$609.5K
Cap Rate 7%
$435,357
$435.4K
Cap Rate 9%
$338,611
$338.6K
Market Conditions
NOI Build-Up for 6,100 SF
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.
Gross rent
$47.6K $7.80/SF
− Vacancy
−$4.0K −$0.66/SF
EGI
$43.5K $7.14/SF
− OpEx
−$13.1K −$2.14/SF
NOI
$30.5K $5.00/SF
Area
Harrison County, MS
Vacancy
8.50%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$609,500
Cap Rate 7%
$435,357
Cap Rate 9%
$338,611
Alternative Uses
Best Use
Office B
$694.6K
$607.7K – $810.3K
NOI $48,619 @ 7.0% cap · market cap 13.18%
Second Best
Flex RnD
$673.9K
$589.7K – $786.2K
NOI $47,173 @ 7.0% cap · market cap 12.78%
Theoretical Best
Healthcare Medical
$982.7K
$859.9K – $1.15M
NOI $68,790 @ 7.0% cap · market cap 18.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
493
Businesses Nearby
Explore this area
Business Placement
Demographics for 39501, MS
22,599
Population
10,565
Households
2.1
Avg Household Size
35
Median Age
13%
College-Educated
78%
High-School Grad
14.4 sq mi
ZIP Area
1,569
Density / Sq Mi
$33,491
Median Household Income
$28,522
Median Earnings
$962
Median Rent
$115,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - B-2-zoned property combines finished living space, office areas, workshop capacity, and a separate warehouse building.
Where is this live-work space located?
The property is located at 2713 15th Avenue Gulfport, MS.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: B‑2 zoning across a 1.04‑acre, four‑parcel property; Main building totals 3,300 square feet, with 1,800 square feet of finished living and office space; Main building includes a 1,500‑square‑foot garage and workshop area
