Flex Commercial
For Sale
$1,080,000
1306 29th Ave, Gulfport, MS 39501
Commercial building with T6 zoning and a history of winery and vocational school use.
Property Size8,195 SF
Price / SF$131.79
Days on Market47
Property Features for 1306 29th Ave
General Information
Standard status
Active
Size
8,195 SF
Zoning
T6
Building Details
Year Built
1962
Listing Agency:
RE/MAX Choice Properties
Listed By:
Jay E Schroeder · License #B8092
(228) 861-2115
Source:
Fiorellaavenue
Added: Sep 13
Changed: Oct 25
Last Checked: Oct 7 at 4:05PM
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 RE/MAX Choice Properties
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Investment Insights
Based on property information with market context.
This 8,195-square-foot commercial building was constructed in 1962 and is classified as flex space. The property carries T6 zoning and has previously operated as a winery and as the Crescent School of Gaming and Bartending.
Located at 1306 29th Ave in Gulfport, the building offers an established commercial setting for continued sale or lease consideration. Its prior occupancy history reflects a range of commercial configurations, while the existing zoning provides a defined land-use framework.
Located at 1306 29th Ave in Gulfport, the building offers an established commercial setting for continued sale or lease consideration. Its prior occupancy history reflects a range of commercial configurations, while the existing zoning provides a defined land-use framework.
Key Highlights
- 8,195‑square‑foot commercial building
- T6 zoning
- Built in 1962
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,695
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,473,900
$1.5M
Cap Rate 7%
$1,052,786
$1.1M
Cap Rate 9%
$818,833
$818.8K
Market Conditions
NOI Build-Up for 8,195 SF
Gross rent
$115.1K $14.04/SF
− Vacancy
−$9.8K −$1.19/SF
EGI
$105.3K $12.85/SF
− OpEx
−$31.6K −$3.85/SF
NOI
$73.7K $8.99/SF
Area
Harrison County, MS
Vacancy
8.50%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,473,900
Cap Rate 7%
$1,052,786
Cap Rate 9%
$818,833
Alternative Uses
Best Use
Retail
$1.05M
$921.2K – $1.23M
NOI $73,695 @ 7.0% cap · market cap 6.82%
Second Best
Flex RnD
$905.3K
$792.2K – $1.06M
NOI $63,374 @ 7.0% cap · market cap 5.87%
Theoretical Best
Healthcare Medical
$1.32M
$1.16M – $1.54M
NOI $92,415 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,157
Businesses Nearby
Under-served
Demand for This Use
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Catering Creations — 1822 15th St #7, Gulfport, MS 39501
Frequently Asked Questions
What type of property is this?
Flex space - Commercial building with T6 zoning and a history of winery and vocational school use.
Where is this flex space located?
The property is located at 1306 29th Ave Gulfport, MS.
What is the asking price?
The asking price for this property is $1,080,000.
What are key features of this property?
This property features: 8,195‑square‑foot commercial building; T6 zoning; Built in 1962
