2224 25th Avenue, Gulfport, MS 39501
Commercial building with office spaces, conference room, and kitchen.
- Added:
- Nov 4, 2024
- Days on Market:
- 611
- Last Refresh:
- Apr 6 at 3:22 am
Property Features for 2224 25th Avenue
General Information
- Standard status
- Active
- Size
- 2,386 SF
- Lot size
- 0.12 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1984
Listing office Stars and Stripes Realty, LLC. (228) 861-0914
Listing date Nov 4, 2024
Source Exitrealty
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 Stars and Stripes Realty, LLC.
HighLights
- High‑traffic location on Hwy 49 in downtown Gulfport
- Five office spaces and a large conference room
- Kitchen with stove and refrigerator
- Two restrooms, including one handicap‑accessible
- Private/handicap parking at the back entrance
- Waiting area with front desk reception
Overview
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 | $30.9k | $12.96 |
| − Vacancy | −$5.6k | −$2.33 |
| EGI | $25.4k | $10.63 |
| − OpEx | −$6.3k | −$2.66 |
| NOI | $19.0k | $7.97 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Gulfport
- County
- Harrison
- State
- Mississippi
- Longitude
- -89.0928
- Latitude
- 30.3777