Downtown Retail Building with Two
For Sale
$599,000
Pending
1427 25th Avenue, Gulfport, MS 39501
COMMERCIAL - Gulfport, MS
Property Size5,166 SF
Lot Size0.11 Acres
Days on Market49
Property Features for 1427 25th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Gulfport City
Standard status
Pending
APN
0811k-04-001.000
Size
5,166 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 1 BLK 161 ORIGINAL GULFPORT
Tax Annual Amount
5412
Legal Description
LOT 1 BLK 161 ORIGINAL GULFPORT
Building Details
Year built
1940
Listing Agency:
Coastal Realty Group
(228) 280-8026
Listed By:
Jordyn Rosetti O'Mara · License #S43407
(228) 861-4700
Added: Jun 22
Changed: Aug 4
Last Checked: Aug 9 at 12:06PM
MLS# 4153717
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.
Investment Insights
Based on property information with market context.
This downtown retail building is configured with two separate units and is fully occupied. The property has been completely remodeled and includes an updated exterior.
The building is located on 25th Avenue in Gulfport, where it benefits from visibility and a reported high traffic count.
With two independent units in place and current occupancy, the property presents a straightforward retail ownership setup within a downtown setting.
The building is located on 25th Avenue in Gulfport, where it benefits from visibility and a reported high traffic count.
With two independent units in place and current occupancy, the property presents a straightforward retail ownership setup within a downtown setting.
Key Highlights
- 1940‑built downtown building with two separate units
- Fully occupied with both units rented
- Completely remodeled interior
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,456
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$929,120
$929.1K
Cap Rate 7%
$663,657
$663.7K
Cap Rate 9%
$516,178
$516.2K
Market Conditions
NOI Build-Up for 5,166 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$72.5K $14.04/SF
− Vacancy
−$6.2K −$1.19/SF
EGI
$66.4K $12.85/SF
− OpEx
−$19.9K −$3.85/SF
NOI
$46.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$929,120
Cap Rate 7%
$663,657
Cap Rate 9%
$516,178
Alternative Uses
Best Use
Retail
$663.7K
$580.7K – $774.3K
NOI $46,456 @ 7.0% cap · market cap 7.76%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$832.2K
$728.2K – $971.0K
NOI $58,257 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
501
Businesses Nearby
106k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 74%
Dining 25%
Electronics 1%
Circle K
Shops & Services
27,965 visits/mo
0.2 miles
Dodge's Southern Style
Shops & Services
27,226 visits/mo
0.1 miles
Popeyes Louisiana Kitchen
Dining
12,943 visits/mo
0.5 miles
Burger King
Dining
10,345 visits/mo
0.5 miles
Shell
Shops & Services
9,062 visits/mo
0.5 miles
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- J Elle Event Planning and Decor — 1613 25th Ave, Gulfport, MS 39501
Frequently Asked Questions
What type of property is this?
Storefront property - Remodeled downtown retail building offers two separately occupied units with updated exterior.
Where is this storefront property located?
The property is located at 1427 25th Avenue Gulfport, MS.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 1940‑built downtown building with two separate units; Fully occupied with both units rented; Completely remodeled interior
