Highway 49 Commercial
11487 Highway 49, Gulfport, MS 39503
Call to check price and availability
High-traffic location suitable for redevelopment, repositioning, or owner-user occupancy.
Type:Land, Retail
Property size:
8,647 SFPrice / SF:
$111/SF- Added:
- Feb 12, 2026
- Days on Market:
- 99
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 11487 Highway 49
General Information
- Standard status
- Active
- Size
- 8,647 SF
- Property subtype
- Land, Retail
Building Details
- Year Built
- 1985
Listing agent Anne Warren License #MS S57972
Listing office Coldwell Banker Commercial Alfonso Realty, Inc. (228) 326-2627
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.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$864.0K
NOI $77,759 @ 9.00% cap · cautious / downside scenario
Moderate
$1.11M
NOI $77,759 @ 7.00% cap · market / base-case scenario
Aggressive
$1.56M
NOI $77,759 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Retail
| 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 Use Scenarios
Best Use
Retail
$1.11M
$972.0K – $1.30M
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
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
Location Insight
- Map
- Local Demand
- City
- Gulfport
- County
- Harrison
- State
- Mississippi
- Longitude
- -89.1013137
- Latitude
- 30.4552693
Nearby Similar for Sale
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.
