Building Details

Year Built 1968

Year Renovated 2026

Listing Agency: Coldwell Banker Alfonso Realty-Lorraine Rd

Listed By: Carrie A Fish Show Phone

Source: Fiorellaavenue

Added: Jun 17 Changed: Sep 10 Last Checked: Oct 5 at 11:14PM

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Investment Insights

Based on property information with market context.

This income-producing senior living facility is fully leased and currently operating with an established tenant in partnership with the VA. The property has approximately 23 months remaining on the current lease, with a tenant option to renew for an additional three years.

The facility was comprehensively remodeled with completion in February 2026, including installation of a new sprinkler system. Interior accommodations include 11 resident rooms, a kitchenette, a dedicated dining room, and two resident sitting/entertainment areas. Supporting spaces include an employee lounge/office, a utility room, and a storage room.

The layout is designed to support resident care and daily living, with one full bathroom and two half bathrooms serving the facility. The property is being offered as a turnkey investment opportunity.

Key Highlights

• Fully leased senior living facility with VA‑associated operating partnership
• Complete remodel completed February 2026, including a new sprinkler system
• 11 resident rooms plus kitchenette and dedicated dining room

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,715

Cap Rate

6.39%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$434,300 $434.3K

Cap Rate 7%

$310,214 $310.2K

Cap Rate 9%

$241,278 $241.3K

Market Conditions

NOI Build-Up for 3,883 SF

Gross rent

$42.9K $11.04/SF

− Vacancy

−$3.4K −$0.87/SF

EGI

$39.5K $10.17/SF

− OpEx

−$17.8K −$4.58/SF

NOI

$21.7K $5.59/SF

Area

Harrison County, MS

Vacancy

7.90%

Lease Rate

$11.04 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$434,300

Cap Rate 7%

$310,214

Cap Rate 9%

$241,278

Alternative Uses

Best Use

Apartment 5plus

$310.2K

$271.4K – $361.9K (±1% cap)

NOI $21,715 @ 7.0% cap · market cap 6.39%

Second Best

—

—

no second resolved use

Theoretical Best

Healthcare Medical

$625.6K

$547.4K – $729.8K (±1% cap)

NOI $43,789 @ 7.0% cap · market cap 12.88%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Hca Physician Services Medical Clinic Dr. Joseph L. ... Physician TWIC Gulfport Enrollment ... Government Office Allstate Home Insurance Insurance Agency Gulfport TSA PreCheck ... Government Office

Suggested Use

Top Pick Electrical Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store Computer & Electronic Repair Locksmith Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Yes

Sprinkler system

Location Intelligence

Trade Area within ½ mile

1,221

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 39501, MS

22,599

Population

10,565

Households

2.1

Avg Household Size

35

Median Age

13%

College-Educated

78%

High-School Grad

14.4 sq mi

ZIP Area

1,569

Density / Sq Mi

$33,491

Median Household Income

$28,522

Median Earnings

$962

Median Rent

$115,300

Median Home Value

Questions? Ask Rey

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What type of property is this? Where is this senior housing / retirement homes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Senior housing / Retirement Home - Fully leased senior living facility offers 11 resident rooms and a VA-associated operating partnership.

Where is this senior housing / retirement home located?

The property is located at 1924 30th Ave Gulfport, MS.

What is the asking price?

The asking price for this property is $340,000.

What are key features of this property?

This property features: Fully leased senior living facility with VA‑associated operating partnership; Complete remodel completed February 2026, including a new sprinkler system; 11 resident rooms plus kitchenette and dedicated dining room