Income-Generating Shopping
1092 Acadian Dr Gulfport, MS 39507
For Sale
Contact for pricing
Established, income-producing multi-tenant shopping center zoned T4+ near a high-traffic Pass Road intersection.
Property Size4,395 SF
Price / SF$113.77
Days on Market106
Property Features for 1092 Acadian Dr
General Information
- Standard status
- Active
- Size
- 4,395 SF
- Property subtype
- Mixed Use, Office, Retail
Building Details
- Year Built
- 2001
Listing Agency:
Blaine & Co
(228) 861-6449
Listed By:
David Blaine · License #20507
Source:
Crexi
Added: Apr 9
Changed: Jul 23
Last Checked: Jul 23 at 5:02AM
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 Blaine & Co
Investment Insights
Based on property information with market context.
This established, income-producing multi-tenant shopping center offers a proven rental history and a tenant mix that includes several long-term occupants. The property is designed to support continuing occupancy through ongoing lease structuring, with current tenancy positioned to provide consistent income.
Strategically located just off Pass Road near the high-traffic intersection of Cowan-Lorraine, the center benefits from approximately 30,000 cars passing daily. The site is zoned T4+ and is surrounded by a strong retail and service presence, including Walmart Neighborhood Market, Rouses Market, Dunkin’ Donuts, Walgreens, McDonald’s, and Club 4 Fitness. The center also sits directly behind Thriffiley Orthopedic and is near dense residential neighborhoods and apartments, supporting steady customer draw.
Strategically located just off Pass Road near the high-traffic intersection of Cowan-Lorraine, the center benefits from approximately 30,000 cars passing daily. The site is zoned T4+ and is surrounded by a strong retail and service presence, including Walmart Neighborhood Market, Rouses Market, Dunkin’ Donuts, Walgreens, McDonald’s, and Club 4 Fitness. The center also sits directly behind Thriffiley Orthopedic and is near dense residential neighborhoods and apartments, supporting steady customer draw.
Key Highlights
- Income‑producing multi‑tenant shopping center built in 2001
- Zoned T4+ supporting a wide range of commercial uses
- Strategically located just off Pass Road near the high‑traffic intersection of Cowan‑Lorraine
Financial Insights For Retail
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 | $61.7k | $14.04 |
| − Vacancy | −$5.2k | −$1.19 |
| EGI | $56.5k | $12.85 |
| − OpEx | −$16.9k | −$3.85 |
| NOI | $39.5k | $8.99 |
4,395 SF · lease $14.04/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Healthcare Medical
$708.0K
$619.5K – $826.0K
NOI $49,562 @ 7.0% cap · market cap 9.91%
Second Best
Retail
$564.6K
$494.0K – $658.7K
NOI $39,523 @ 7.0% cap · market cap 7.90%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Keesler Insurance Services
Financial Advisor
Waist Snatchers
(Bike/Boat/Book/etc) Store
Coast To Coast
Real Estate Agency
Atchison Law Firm
Law Firm
C2C Real Estate ...
Real Estate Agency
Similar Off Market Nearby
- Village Square Mall — 1909 E Pass Rd, Gulfport, MS 39507
- Handsboro Square Shopping Center — 1323 E Pass Rd, Gulfport, MS 39507
- Coinstar Kiosk | Bitcoin ATM — Rouses Market, 1444 E Pass Rd, Gulfport, MS 39507
FAQs
What type of property is this?
Shopping center - Established, income-producing multi-tenant shopping center zoned T4+ near a high-traffic Pass Road intersection.
Where is this shopping center located?
The property is located at 1092 Acadian Dr Gulfport, MS.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Income‑producing multi‑tenant shopping center built in 2001; Zoned T4+ supporting a wide range of commercial uses; Strategically located just off Pass Road near the high‑traffic intersection of Cowan‑Lorraine
