Industrial Flex Building with
For Sale
$430,000
3200 Dolphin Drive, Gautier, MS 39553
COMMERCIAL - Gautier, MS
Property Size4,800 SF
Lot Size2.01 Acres
Price / SF$89.58
Days on Market118
Property Features for 3200 Dolphin Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Neighborhood Commercial Dist.
Subdivision
Metes And Bounds
Lot features
Corner Lot, Partially Wooded, Corner Lot, Partially Wooded
Standard status
Active
APN
8-24-35-240.075
Size
4,800 SF
Lot size
2.01 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
COM SE COR N 261.77' TO N/M CSXRR N 76*W 3313.74' N 76*W 264.28TO POB N 76*W 193.86' N 10*E 475 TO S/M OLD SPANISH TRAIL S 76*E 182.27' S 10*W 363.58' S 80*E12.85' SLY 112.16' TO POB DB 642-11 (38.01 MAP777.35-03)
Tax Annual Amount
3087
Legal Description
COM SE COR N 261.77' TO N/M CSXRR N 76*W 3313.74' N 76*W 264.28TO POB N 76*W 193.86' N 10*E 475 TO S/M OLD SPANISH TRAIL S 76*E 182.27' S 10*W 363.58' S 80*E12.85' SLY 112.16' TO POB DB 642-11 (38.01 MAP777.35-03)
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
2007
Floors in Building
1
Flooring type
Tile - Ceramic, Concrete
Roof type
Metal
Listing Agency:
Coldwell Banker Smith Home Rltrs-Gautier · Coldwell Banker Real Estate
(228) 497-1800
Listed By:
Cherie A Miller · License #S54041
(318) 754-6709
Added: Apr 17
Changed: Aug 4
Last Checked: Aug 12 at 7:06AM
MLS# 4146401
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 industrial flex building combines a metal shop with a brick front and includes interior office space plus a current cabinet shop. The layout also features two bathrooms, a kitchen, and an extra storage loft, making it suitable for light industrial or mixed work-and-office needs within the same structure.
The property sits on a corner lot with high visibility, as described in the listing, and is offered together with approximately 2.01 acres of land. The total building size is approximately 4,800 square feet.
At the asking price, the offering provides a self-contained work facility that already includes office space and multiple interior components, rather than a vacant shell.
The property sits on a corner lot with high visibility, as described in the listing, and is offered together with approximately 2.01 acres of land. The total building size is approximately 4,800 square feet.
At the asking price, the offering provides a self-contained work facility that already includes office space and multiple interior components, rather than a vacant shell.
Key Highlights
- Corner lot with public utilities including public water and public sewer
- Metal shop with brick front plus an interior office and a current cabinet shop area
- Roof is metal; flooring includes concrete and ceramic tile
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
$31,123
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
7.24%
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%
$622,460
$622.5K
Cap Rate 7%
$444,614
$444.6K
Cap Rate 9%
$345,811
$345.8K
Market Conditions
NOI Build-Up for 4,800 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
$47.8K $9.96/SF
− Vacancy
−$3.3K −$0.70/SF
EGI
$44.5K $9.26/SF
− OpEx
−$13.3K −$2.78/SF
NOI
$31.1K $6.48/SF
Area
Jackson County, MS
Vacancy
7.00%
Lease Rate
$9.96 /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%
$622,460
Cap Rate 7%
$444,614
Cap Rate 9%
$345,811
Alternative Uses
Best Use
Office B
$975.6K
$853.6K – $1.14M
NOI $68,291 @ 7.0% cap · market cap 15.88%
Second Best
Flex RnD
$878.7K
$768.9K – $1.03M
NOI $61,512 @ 7.0% cap · market cap 14.31%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,791 @ 7.0% cap · market cap 21.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 39553, MS
17,032
Population
7,470
Households
2.3
Avg Household Size
40
Median Age
19%
College-Educated
85%
High-School Grad
28.3 sq mi
ZIP Area
602
Density / Sq Mi
$63,091
Median Household Income
$36,758
Median Earnings
$1,070
Median Rent
$154,900
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?
Flex space - Metal shop with brick front on a corner lot, including office space, cabinet shop, and two baths.
Where is this flex space located?
The property is located at 3200 Dolphin Drive Gautier, MS.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Corner lot with public utilities including public water and public sewer; Metal shop with brick front plus an interior office and a current cabinet shop area; Roof is metal; flooring includes concrete and ceramic tile
