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    Highway 49 Commercial Land Title is generated by Realmo AI

    11487 Highway 49, Gulfport, MS 39503

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    High-traffic location suitable for redevelopment, repositioning, or owner-user occupancy.

    Type:Retail
    Property size:
    8,647 SF
    Price / SF:
    $111/SF
    Added:
    Feb 12, 2026
    Days on Market:
    145
    Last Refresh:
    Jul 5 at 2:40 am

    Property Features for 11487 Highway 49

    General Information

    Standard status
    Active
    Size
    8,647 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1985

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    Anne Warren

    Listing office Coldwell Banker Commercial Alfonso Realty, Inc.

    Listing date Feb 12, 2026

    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

    • High‑traffic location on Highway 49 with excellent frontage and exposure.
    • Strong value‑add opportunity for investors.
    • Suitable for redevelopment, repositioning, or owner‑user occupancy.
    • Located in a proven commercial corridor with consistent demand.
    • Near financial institutions, medical facilities, and shopping centers.
    • Year Built: 1985.

    Overview

    This property, formerly a restaurant, is located on Highway 49 in Gulfport. The site offers frontage and exposure, with high daily traffic. It is positioned in a commercial corridor near financial institutions, medical facilities, shopping centers, and established local businesses. This property is available for sale and presents a value-add opportunity for investors. It is suited for redevelopment, repositioning, or owner-user occupancy. The property size is 8,647 square feet.

    Local 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 $121.4k $14.04
    − Vacancy −$10.3k −$1.19
    EGI $111.1k $12.85
    − OpEx −$33.3k −$3.85
    NOI $77.8k $8.99
    8,647 SF · lease $14.04/SF/yr · vacancy 8.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.11M
    $972.0K – $1.30M (±1% cap)
    NOI $77,759 @ 7.0% cap · market cap 8.10%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Healthcare Medical
    $1.39M
    $1.22M – $1.63M (±1% cap)
    NOI $97,512 @ 7.0% cap · market cap 10.16%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Gym & Fitness Center Kitchen & Bath Showroom HVAC Service Parking Lot & Garage Accounting Firm Nursing Home Cafe & Coffee Shop Department Store Bed & Breakfast (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
    -89.1013137
    Latitude
    30.4552693

    FAQs

    What type of property is this?
    Commercial land - High-traffic location suitable for redevelopment, repositioning, or owner-user occupancy.
    Where is this commercial land located?
    The property is located at 11487 Highway 49 Gulfport, MS.
    What is the asking price?
    The asking price for this property is $960,000.
    What are key features of this property?
    This property features: High‑traffic location on Highway 49 with excellent frontage and exposure.; Strong value‑add opportunity for investors.; Suitable for redevelopment, repositioning, or owner‑user occupancy.
    (228) 326-2627 Call to check price and availability
    More about this property
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