Income-Generating Shopping
For Sale
$499,500
1092 Acadian Dr, Gulfport, MS 39507
Established, income-producing multi-tenant shopping center zoned T4+ near a high-traffic Pass Road intersection.
Property Size4,395 SF
Price / SF$113.65
Days on Market183
Property Features for 1092 Acadian Dr
General Information
Standard status
Active
Size
4,395 SF
Zoning
T4+
Additional Details
Traffic Count
30,000 vehicles/day
Building Details
Year Built
2001
Tenancy
Multi
Listing Agency:
Blaine & Co., LLC
Listed By:
Matthew A Blaine · License #B20768
(228) 861-6449
Source:
Fiorellaavenue
Added: Apr 24
Changed: Oct 17
Last Checked: Oct 21 at 1:40AM
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., LLC
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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
Estimated NOI and Cap Rate
NOI / Yr
$39,523
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$790,460
$790.5K
Cap Rate 7%
$564,614
$564.6K
Cap Rate 9%
$439,144
$439.1K
Market Conditions
NOI Build-Up for 4,395 SF
Gross rent
$61.7K $14.04/SF
− Vacancy
−$5.2K −$1.19/SF
EGI
$56.5K $12.85/SF
− OpEx
−$16.9K −$3.85/SF
NOI
$39.5K $8.99/SF
Area
Harrison County, MS
Vacancy
8.50%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$790,460
Cap Rate 7%
$564,614
Cap Rate 9%
$439,144
Alternative Uses
Best Use
Retail
$564.6K
$494.0K – $658.7K
NOI $39,523 @ 7.0% cap · market cap 7.91%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$708.0K
$619.5K – $826.0K
NOI $49,562 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
30,000 VPD
Traffic count
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
499
Businesses Nearby
177k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 47%
Dining 31%
Shops & Services 22%
Rouses Market
Groceries
46,405 visits/mo
0.2 miles
Walmart Neighborhood Market
Groceries
37,299 visits/mo
0.1 miles
McDonald's
Dining
22,355 visits/mo
0.3 miles
Ollie's Bargain Outlet
Shops & Services
16,840 visits/mo
0.5 miles
Taco Bell
Dining
12,406 visits/mo
0.4 miles
Demographics for 39507, MS
17,724
Population
9,032
Households
2
Avg Household Size
42
Median Age
29%
College-Educated
91%
High-School Grad
8.2 sq mi
ZIP Area
2,161
Density / Sq Mi
$49,459
Median Household Income
$37,660
Median Earnings
$1,121
Median Rent
$220,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Handsboro Square Shopping Center — 1323 E Pass Rd, Gulfport, MS 39507
- Coinstar Kiosk | Bitcoin ATM — Rouses Market, 1444 E Pass Rd, Gulfport, MS 39507
- Village Square Mall — 1909 E Pass Rd, Gulfport, MS 39507
Frequently Asked Questions
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 $499,500.
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
