Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    11309 Old Highway 49 Gulfport, MS 39503

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,584,000

    Single-tenant office building leased to the Internal Revenue Service.

    Property size:
    10,905 SF
    Lot size:
    2.60 Acres

    Property Features for 11309 Old Highway 49

    General Information

    Size
    10,905 SF
    Lot size
    2.60 Acres

    Source: SVN Interstate Brokers Agent Matthew Levin

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

    Overview

    Gulfport Office Building For Sale

    This single-tenant office investment is a build-to-suit property leased to the Internal Revenue Service (IRS), serving as a Taxpayer Assistance Center (TAC). The 10,905 square foot single-story brick office building was constructed in 2007. A $458,000 renovation was completed in 2023, resulting in an extended ten-year lease term from December 4, 2021, to December 3, 2031. The renovation costs, plus interest, are repaid to the landlord, amortized over the lease term, totaling $483,000 with interest added. In addition to rent, the landlord receives payment for operating expenses with an annual formula increase and increases in property taxes over a base year. Of the ten-year lease term, eight years are firm, and the last two years allow for early lease termination, though such terminations are reportedly rare. The 2.6-acre site in Gulfport may be expanded.
    Insight Report Location Intelligence

    Current Use by Public Records

    Internal Revenue Service ... Government Office

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Gulfport
    County
    Harrison
    State
    Mississippi
    Longitude
    -89.1042533
    Latitude
    30.4497948

    Nearby Similar for Sale

    • New
      $780,000
      8,214 SF

      Gulfport Investment Property Package

      Income-producing package deal featuring 6 properties (8 doors total).
      3407 53Rd Ave, Gulfport, MS 39501
      View Details
    • $1,475,000
      5,040 SF

      Gulfport Child Care Center

      Turnkey day care center in a central location.
      11376 Three Rivers Rd, Gulfport, MS 39503
      View Details
    • $1,300,000
      14,000 SF

      Gulfport Mixed-Use Retail Opportunity

      Versatile 14,000+ sq ft property near beaches and downtown.
      1720 Pass Rd, Gulfport, MS 39501
      View Details
    • New
      $329,000
      1,500 SF

      Turnkey Beachside Duplex in Gulfport

      Furnished duplex near the beach with income potential.
      4409 Ford St, Gulfport, MS 39501
      View Details
    • New
      $698,000
      4,666 SF

      Gulfport Commercial Investment Property

      Commercial property featuring a metal building, vacant lot, and leased building.
      15237 Russell Blvd, Gulfport, MS 39503
      View Details
    • $324,000
      1,886 SF

      Downtown Gulfport Office Space

      Former law office near courthouse with parking and full kitchen.
      1904 24Th Ave, Gulfport, MS 39501
      View Details

    FAQs

    What type of property is this?
    Office building - Single-tenant office building leased to the Internal Revenue Service.
    Where is this office building located?
    The property is located at 11309 Old Highway 49 Gulfport, MS.
    What is the asking price?
    The asking price for this property is $2,584,000.
    What are key features of this property?
    This property features: - Long-term lease with the Internal Revenue Service (IRS) until December 3, 2031, providing stable income.; - Recent $458,000 renovation completed in 2023, costs repaid over the lease term.; - Tenant pays operating expenses, with annual formula increases and property tax increases.
    (770) 209-1700
    Request Owner's contact information
    11309 Old Highway 49 Gulfport, MS 39503
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11309 Old Highway 49
    Gulfport, MS 39503
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11309 Old Highway 49 Gulfport, MS 39503
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.