Renovated Flex Space with
12473 Dedeaux Rd, Gulfport, MS 39503
For Sale
$425,000
Renovated commercial facility combines front-office functions with warehouse capacity and rear-yard expansion room.
Property Size3,500 SF
Price / SF$121.43
Days on Market116
Property Features for 12473 Dedeaux Rd
General Information
Standard status
Size
Building Details
Year Built
Listing Agency:
Sawyer Real Estate, Inc. Of Ms.
Listed By:
Lenny Sawyer · License MS B3550
(228) 861-1313
Source:
Fiorellaavenue
Added: Jul 20
Changed: Nov 11
Last Checked: Oct 7 at 5:34PM
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 Sawyer Real Estate, Inc. Of Ms.
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Investment Insights
Based on property information with market context.
This 3,500-square-foot flex property, built in 1992, has been renovated with a practical mix of office and industrial space. The interior includes a reception area, office space, warehouse area, men’s and women’s ADA-compliant restrooms, fire-rated sheetrock walls, fire-exit doors, and a roll-up door. Handicap-accessible features support a range of commercial operations.
Building systems include three-phase electric service, three air-conditioning and heating units totaling 8 tons, and a 200-gallon hot water heater. The rear yard provides room for additional storage units, expanded parking, or other site improvements. The property is located on Dedeaux Rd in Gulfport with access to Hwy 49 and I-10.
Building systems include three-phase electric service, three air-conditioning and heating units totaling 8 tons, and a 200-gallon hot water heater. The rear yard provides room for additional storage units, expanded parking, or other site improvements. The property is located on Dedeaux Rd in Gulfport with access to Hwy 49 and I-10.
Key Highlights
- 3,500 SF renovated flex property with office, reception, restroom, and warehouse areas
- Three‑phase electric service with 3 AC and heat units totaling 8 tons
- Warehouse access through a roll‑up door, with fire‑rated walls and fire‑exit doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,896
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$557,920
$557.9K
Cap Rate 7%
$398,514
$398.5K
Cap Rate 9%
$309,956
$310.0K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$45.4K $12.96/SF
− Vacancy
−$8.2K −$2.33/SF
EGI
$37.2K $10.63/SF
− OpEx
−$9.3K −$2.66/SF
NOI
$27.9K $7.97/SF
Area
Harrison County, MS
Vacancy
18.00%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$557,920
Cap Rate 7%
$398,514
Cap Rate 9%
$309,956
Alternative Uses
Best Use
Office B
$398.5K
$348.7K – $464.9K
NOI $27,896 @ 7.0% cap · market cap 6.56%
Second Best
Flex RnD
$386.7K
$338.3K – $451.1K
NOI $27,066 @ 7.0% cap · market cap 6.37%
Theoretical Best
Healthcare Medical
$563.9K
$493.4K – $657.8K
NOI $39,470 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
95
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 39503, MS
53,643
Population
22,533
Households
2.4
Avg Household Size
37
Median Age
24%
College-Educated
92%
High-School Grad
114.3 sq mi
ZIP Area
469
Density / Sq Mi
$61,298
Median Household Income
$36,241
Median Earnings
$1,087
Median Rent
$193,000
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Gulfport, MS
Properties on Market for Flex space in Gulfport
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Little Kitchen Cater — 13232 Dedeaux Rd, Gulfport, MS 39503
Frequently Asked Questions
What type of property is this?
Flex space - Renovated commercial facility combines front-office functions with warehouse capacity and rear-yard expansion room.
Where is this flex space located?
The property is located at 12473 Dedeaux Rd Gulfport, MS.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 3,500 SF renovated flex property with office, reception, restroom, and warehouse areas; Three‑phase electric service with 3 AC and heat units totaling 8 tons; Warehouse access through a roll‑up door, with fire‑rated walls and fire‑exit doors
