Flex Building with
For Sale
$430,000
3200 Dolphin Drive, Gautier, MS 39553
Commercial Sale, Gautier, MS
Property Size4,800 SF
Lot Size2.01 Acres
Price / SF$89.58
Days on Market164
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
Amenities
bathrooms
kitchen
storage loft
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: Sep 21
Last Checked: Sep 27 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 flex property includes a 4,800-square-foot metal building with a brick façade, office area, cabinet-shop space, two bathrooms, a kitchen, and an additional storage loft. Tile and concrete flooring support a practical commercial interior, while the metal roof provides a durable building component. Constructed in 2007, the property occupies 2.01 acres.
The site is positioned at 3200 Dolphin Drive in Gautier, Mississippi, on a corner lot. Public water and public sewer serve the property. The existing configuration brings together workshop, administrative, kitchen, restroom, and storage areas within a single commercial building.
The site is positioned at 3200 Dolphin Drive in Gautier, Mississippi, on a corner lot. Public water and public sewer serve the property. The existing configuration brings together workshop, administrative, kitchen, restroom, and storage areas within a single commercial building.
Key Highlights
- 2.01‑acre corner property at 3200 Dolphin Drive, Gautier, MS 39553
- 4,800 SF metal building with brick façade, metal roof, tile, and concrete flooring
- Interior includes office space and cabinet‑shop 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
$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
Flex RnD
$878.7K
$768.9K – $1.03M
NOI $61,512 @ 7.0% cap · market cap 14.31%
Second Best
Industrial
$444.6K
$389.0K – $518.7K
NOI $31,123 @ 7.0% cap · market cap 7.24%
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
282
Businesses Nearby
Balanced
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial 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 - Corner-site property combines a workshop, office area, kitchen, bathrooms, and elevated storage.
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: 2.01‑acre corner property at 3200 Dolphin Drive, Gautier, MS 39553; 4,800 SF metal building with brick façade, metal roof, tile, and concrete flooring; Interior includes office space and cabinet‑shop area
