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    Office Warehouse Facility in Gulfport Title is generated by Realmo AI

    10278 Corporate Drive, Gulfport, MS 39503

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    Office warehouse with climate-controlled storage and covered loading area.

    Type:Office
    Property size:
    8,978 SF
    Lot size:
    1.00 Acre
    Price / SF:
    $130/SF
    Added:
    Aug 28, 2024
    Days on Market:
    679
    Last Refresh:
    Jul 4 at 1:19 pm

    Property Features for 10278 Corporate Drive

    General Information

    Standard status
    Active
    Size
    8,978 SF
    Lot size
    1.00 Acre
    Property subtype
    Office

    Building Details

    Year Built
    2010

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    Carl LaRosa
    Carl LaRosa

    Listing office Coldwell Banker Commercial Alfonso Realty, Inc.

    Listing date Aug 28, 2024

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Alfonso Realty, Inc.

    HighLights

    • Prime location: Just south of Interstate 10 off Seaway Road in Gulfport.
    • Substantial size: 8,963 SqFt gross building area on a one‑acre parcel.
    • Flexible space: Combination of office (6,458 SqFt) and warehouse (2,505 SqFt) areas.
    • Includes a large 1,358 SqFt climate‑controlled storage area.
    • Modern construction: Built in 2011 and expanded in 2013.
    • Features a 23 x 50 covered delivery/unloading area.

    Overview

    Located just south of Interstate 10 off Seaway Road in Gulfport, this office warehouse facility is zoned I-3 and situated on a one-acre parcel. The property comprises 8963 square feet of gross building area, including 6458 square feet of office area and climate-controlled storage, along with 2505 square feet of warehouse space. Originally built in 2011 and expanded in 2013, the west building features a foyer and reception area, nine offices, an employee lounge, two handicap restrooms, a storage room, and a 2505 square foot warehouse with two 12 x 13 rollup doors. A 23 x 50 covered delivery and unloading area with a 19-foot eve height connects the west and east buildings. The east building includes a reception area, five offices, two restrooms, a conference room, and a large 1358 square foot climate-controlled storage area with 9'10'' ceilings that could be converted into additional offices. Parking is available at the front and rear of the building.

    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 $116.4k $12.96
    − Vacancy −$20.9k −$2.33
    EGI $95.4k $10.63
    − OpEx −$23.9k −$2.66
    NOI $71.6k $7.97
    8,978 SF · lease $12.96/SF/yr · vacancy 18.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.02M
    $894.5K – $1.19M (±1% cap)
    NOI $71,558 @ 7.0% cap · market cap 6.09%
    Second Best
    Flex RnD
    $991.8K
    $867.9K – $1.16M (±1% cap)
    NOI $69,429 @ 7.0% cap · market cap 5.91%
    Theoretical Best
    Healthcare Medical
    $1.45M
    $1.27M – $1.69M (±1% cap)
    NOI $101,245 @ 7.0% cap · market cap 8.62%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kare-In-Home, Private Care Home Health Care Service

    Suggested Use

    Dental Office Restaurant Parking Lot & Garage Garden Center Gym & Fitness Center Auto Parts Store Grocery & Convenience Store Storage Facility Plumbing Service (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gulfport
    County
    Harrison
    State
    Mississippi
    Longitude
    -89.0422097
    Latitude
    30.4382764

    FAQs

    What type of property is this?
    Flex space - Office warehouse with climate-controlled storage and covered loading area.
    Where is this flex space located?
    The property is located at 10278 Corporate Drive Gulfport, MS.
    What is the asking price?
    The asking price for this property is $1,175,000.
    What are key features of this property?
    This property features: Prime location: Just south of Interstate 10 off Seaway Road in Gulfport.; Substantial size: 8,963 SqFt gross building area on a one‑acre parcel.; Flexible space: Combination of office (6,458 SqFt) and warehouse (2,505 SqFt) areas.
    (228) 287-1200 Call to check price and availability
    More about this property
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