Building Details

Year Built 1957

Listed By: Terry Show Phone

Added: May 14 Changed: Sep 10

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Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,029

Cap Rate

7.45%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$260,580 $260.6K

Cap Rate 7%

$186,129 $186.1K

Cap Rate 9%

$144,767 $144.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,608 SF

Gross rent

$20.3K $7.80/SF

− Vacancy

−$1.7K −$0.66/SF

EGI

$18.6K $7.14/SF

− OpEx

−$5.6K −$2.14/SF

NOI

$13.0K $5.00/SF

Area

Harrison County, MS

Vacancy

8.50%

Lease Rate

$7.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$260,580

Cap Rate 7%

$186,129

Cap Rate 9%

$144,767

Alternative Uses

Best Use

Retail

$335.0K

$293.2K – $390.9K (±1% cap)

NOI $23,453 @ 7.0% cap · market cap 13.40%

Second Best

Office B

$297.0K

$259.8K – $346.5K (±1% cap)

NOI $20,787 @ 7.0% cap · market cap 11.88%

Theoretical Best

Healthcare Medical

$420.1K

$367.6K – $490.2K (±1% cap)

NOI $29,410 @ 7.0% cap · market cap 16.81%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Dental Office Building Supply Pharmacy

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

Location Intelligence

Trade Area within ½ mile

220

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office unit - Office improvements sit on a sizable commercial tract with public water and sewer service.

Where is this office unit located?

The property is located at 14121 Dedeaux Rd Gulfport, MS.

What is the asking price?

The asking price for this property is $175,000.