Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5437 29TH Ave S Gulfport, FL 33707

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,800,000

    Mixed-use building in Gulfport Art's District near waterfront.

    Type:Commercial
    Added:
    Apr 24, 2026
    Days on Market:
    8
    Last Refresh:
    Apr 24 at 6:00 pm

    Property Features for 5437 29TH Ave S

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1940

    We can help!

    Listing Contact
    Gregory Graham
    Gregory Graham

    Listing agent Gregory Graham License #0500704

    Listing office Graham&Company Realty Group

    Listing date Apr 24, 2026

    Source Elliman

    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 Graham&Company Realty Group

    Overview

    Gulfport Mixed-Use Investment Opportunity

    Located in the Gulfport Art's District, this mixed-use building is positioned near the waterfront, which features bars, restaurants, shops, and boutiques. The property is also in close proximity to the Gulfport beach and pier. The building includes two one-bedroom, one-bath apartments and four individual workshop/studios. It can be used for commercial or residential purposes. The surrounding businesses generate foot traffic throughout the year. The location has a walk score of 70, indicating it is very walkable, a bike score of 50, indicating it is bikeable, and a transit score of 30, indicating some transit options are available. The property was never flooded.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Gulfport
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7072609
    Latitude
    27.7413837

    Nearby Similar for Sale

    • $895,000
      3,516 SF

      Unique Flex Property on Pinellas Trail

      Two-building flex property with high traffic and trail frontage.
      701 49TH STREET S, GULFPORT, FL 33707
      View Details
    • $3,400,000

      Boutique Marina Asset in Gulfport

      Marina with 20 boat slips and income potential.
      5814 SKIMMER POINT BOULEVARD S, GULFPORT, FL 33707
      View Details
    • $895,000
      4,924 SF

      Two-Building Flex Property on Pinellas Trail

      Unique flex property with high traffic and trail frontage.
      701 49TH St S, Gulfport, FL 33707
      View Details
    • $1,800,000
      5,252 SF

      Mixed-Use Building in Gulfport Arts District

      Commercial, mixed-use building near waterfront with apartments and studios.
      5437 29TH AVENUE S, GULFPORT, FL 33707
      View Details
    • $599,000
      1,984 SF

      Gulfport Triplex Steps From Beach

      Triplex near the beach with redevelopment potential in Gulfport, FL.
      3113 57TH STREET S, GULFPORT, FL 33707
      View Details
    • $699,000
      1,851 SF

      Gulfport Mixed-Use Property For Sale

      Versatile property with commercial/residential zoning and income potential.
      5617 GULFPORT BOULEVARD S, GULFPORT, FL 33707
      View Details
    • $675,000
      3,718 SF

      Former Day Care Center Opportunity

      Redevelopment or educational facility in vibrant Gulfport neighborhood.
      2624 54TH S STREET, GULFPORT, FL 33707
      View Details
    • $2,999,800
      5,168 SF

      Gulfport Bay View Modular Home

      Unique modular home near Boca Ciega Bay with income potential.
      5659 SHORE BOULEVARD S, GULFPORT, FL 33707
      View Details
    • $3,400,000

      Boutique Marina Asset in Gulfport

      Marina with 20 boat slips and income potential.
      5814 SKIMMER POINT Blvd S, Gulfport, FL 33707
      View Details
    • $680,000
      1,851 SF

      Gulfport Mixed-Use Opportunity

      Versatile property with commercial/residential zoning and income potential.
      5617 GULFPORT BOULEVARD S, GULFPORT, FL 33707
      View Details
    • $750,000
      1,980 SF

      Waterfront Condo in Kipps Colony

      Luxurious waterfront condo with access to yacht and country club.
      6250 KIPPS COLONY COURT 104, GULFPORT, FL 33707
      View Details
    • $499,500
      1,255 SF

      Buckingham Condo with Bay Views

      Meticulously maintained condo with luxurious upgrades and stunning water views.
      6060 SHORE S BOULEVARD 1008, GULFPORT, FL 33707
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building in Gulfport Art's District near waterfront.
    Where is this mixed-use property located?
    The property is located at 5437 29TH Ave S Gulfport, FL.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: Prime Gulfport Art's District location near waterfront bars, restaurants, shops, and boutiques.; Mixed‑use building suitable for commercial and/or residential purposes.; **Two 1‑bedroom, 1‑bath apartments and four individual workshop/studios included.**
    (727) 698-9017
    We can help!
    Listing Contact
    Gregory Graham
    Gregory Graham
    Real Estate License ID: 0500704
    Learn More
    Request Owner's contact information
    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.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    5437 29TH Ave S, Gulfport, FL 33707

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!