Gulfport Mixed-Use Property For
5617 GULFPORT BOULEVARD S Gulfport, FL 33707
5617 GULFPORT BOULEVARD S, Gulfport, FL, 33707
$680,000
For Sale
$680,000
Versatile property with commercial/residential zoning and income potential.
Property Size1,851 SF
Lot Size0.15 Acres
Price / SF$367.37
Days on Market469
Property Features for 5617 GULFPORT BOULEVARD S
General Information
- Standard status
- Active
- Size
- 1,851 SF
- Lot size
- 0.15 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1954
Listing Agency
GULFPORT REALTY
(727) 289-5500
Listed by
STACEY PURCELL · License #3218777
Source
Corcoran
Added: Apr 7, 2025 Checked: Jul 19 at 3:36 am
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 GULFPORT REALTY
Investment Insights
Based on property information with market context.
Located in Gulfport, this property features 4 bedrooms, an office, and 3 bathrooms. It offers road frontage and exposure. Zoned for commercial and residential use, the property allows for mixed-use options, including retail, salon, spa, office, medical office, tattoo parlor, restaurant, daycare, and Airbnb. The front of the property can be used for single-family living or commercial purposes, and it features parking and visibility. The back area contains two 1-bedroom, 1-bathroom Airbnb units, each with its own parking. The property provides the option to establish a business at the front and live in the back, or rent out the back units for income. The building size is 1851 square feet.
Key Highlights
- Zoned for commercial/residential use, offering diverse mixed‑use possibilities.
- Features two separate 1‑bedroom, 1‑bathroom Airbnb units in the back with dedicated parking for income generation.
- Excellent road frontage and high visibility, ideal for commercial ventures.
Local Financial Insights For Office B
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 | $48.2k | $26.04 |
| − Vacancy | −$9.9k | −$5.34 |
| EGI | $38.3k | $20.70 |
| − OpEx | −$9.6k | −$5.18 |
| NOI | $28.7k | $15.53 |
1,851 SF · lease $26.04/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$410.6K
$359.2K – $479.0K
NOI $28,739 @ 7.0% cap · market cap 4.23%
Second Best
Mixed Use
$328.4K
$287.4K – $383.2K
NOI $22,989 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$481.5K
$421.3K – $561.7K
NOI $33,702 @ 7.0% cap · market cap 4.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Short term rental ...
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Versatile property with commercial/residential zoning and income potential.
Where is this mixed-use property located?
The property is located at 5617 GULFPORT BOULEVARD S Gulfport, FL.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Zoned for commercial/residential use, offering diverse mixed‑use possibilities.; Features **two separate 1‑bedroom, 1‑bathroom Airbnb units** in the back with dedicated parking for income generation.; **Excellent road frontage and high visibility**, ideal for commercial ventures.
