Flex Space with Central
For Sale
$972,000
1306 29th Avenue, Gulfport, MS 39501
Commercial Sale, Gulfport, MS
Property Size8,195 SF
Lot Size0.40 Acres
Price / SF$118.61
Days on Market380
Property Features for 1306 29th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
B2
Parking
26
Subdivision
Gulfport City
Lot features
Corner Lot, Near Beach, Corner Lot, Near Beach
Standard status
Active
APN
0811l-01-016.000
Size
8,195 SF
Lot size
0.40 Acres
Taxes and HOA fees
Tax Year
1924
Tax Description
Lots 23 to 26 Blk 176 Original Gpt. & Lots 20 to 22Blk 176 Original Gpt.
Tax Annual Amount
8364
Legal Description
Lots 23 to 26 Blk 176 Original Gpt. & Lots 20 to 22Blk 176 Original Gpt.
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1962
Flooring type
Vinyl
Roof type
Metal
Listing Agency:
RE/MAX Choice Properties · RE/MAX International
(228) 896-3033
Listed By:
Jay E Schroeder · License #B8092
(228) 861-2115
Added: Oct 15, 2025
Changed: Oct 28
Last Checked: Oct 29 at 7:06AM
MLS# 4128743
Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The 8,195-square-foot flex property was built in 1962 and occupies a 0.4-acre parcel. Its interior has vinyl flooring, with central heating and central air conditioning; the roof is metal. Public water and public sewer serve the property.
Past uses include a winery and a gaming and bartending school. The property is zoned T6.
Past uses include a winery and a gaming and bartending school. The property is zoned T6.
Key Highlights
- 8,195 square feet on a 0.4‑acre parcel
- T6 zoning
- Built in 1962
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,374
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,267,480
$1.3M
Cap Rate 7%
$905,343
$905.3K
Cap Rate 9%
$704,156
$704.2K
Market Conditions
NOI Build-Up for 8,195 SF
Gross rent
$106.2K $12.96/SF
− Vacancy
−$8.7K −$1.06/SF
EGI
$97.5K $11.90/SF
− OpEx
−$34.1K −$4.16/SF
NOI
$63.4K $7.73/SF
Area
Harrison County, MS
Vacancy
8.20%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,267,480
Cap Rate 7%
$905,343
Cap Rate 9%
$704,156
Alternative Uses
Best Use
Flex RnD
$905.3K
$792.2K – $1.06M
NOI $63,374 @ 7.0% cap · market cap 6.52%
Second Best
Industrial
$584.9K
$511.8K – $682.4K
NOI $40,941 @ 7.0% cap · market cap 4.21%
Theoretical Best
Healthcare Medical
$1.32M
$1.16M – $1.54M
NOI $92,415 @ 7.0% cap · market cap 9.51%
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
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
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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 - T6-zoned property on a 0.4-acre parcel with public water and sewer.
Where is this flex space located?
The property is located at 1306 29th Avenue Gulfport, MS.
What is the asking price?
The asking price for this property is $972,000.
What are key features of this property?
This property features: 8,195 square feet on a 0.4‑acre parcel; T6 zoning; Built in 1962
