Remodeled Two-Unit Restaurant
For Sale
$599,000
Pending
1427 25th Avenue, Gulfport, MS 39501
Commercial Sale, Gulfport, MS
Property Size5,166 SF
Lot Size0.11 Acres
Days on Market61
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 19
Last Checked: Aug 21 at 11:06PM
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 5,166-square-foot restaurant property contains two distinct commercial units and is fully occupied. The building dates to 1940 and has undergone a complete remodel, including improvements to the exterior. Situated on a 0.11-acre lot, the property offers a compact downtown commercial footprint with an established configuration for separate occupants.
The property is located at 1427 25th Avenue in Gulfport, Mississippi. Its position on 25th Avenue provides street exposure, while the downtown setting places the building within an established commercial area.
The property is located at 1427 25th Avenue in Gulfport, Mississippi. Its position on 25th Avenue provides street exposure, while the downtown setting places the building within an established commercial area.
Key Highlights
- 5,166 square feet of restaurant property
- Two separate commercial units
- Fully occupied
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
Specialty Retail
$823.3K
$720.4K – $960.5K
NOI $57,632 @ 7.0% cap · market cap 9.62%
Second Best
Retail
$663.7K
$580.7K – $774.3K
NOI $46,456 @ 7.0% cap · market cap 7.76%
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
1,176
Businesses Nearby
37k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 90%
Shops & Services 10%
McDonald's
Dining
23,852 visits/mo
0.2 miles
SONIC Drive In
Dining
9,181 visits/mo
0.2 miles
Cadence Bank
Shops & Services
2,728 visits/mo
0.3 miles
Firestone Complete Auto Care
Shops & Services
987 visits/mo
0.0 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Buffet — 3300 W Beach Blvd, Gulfport, MS 39501
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully occupied downtown property with separate commercial units and an updated exterior.
Where is this conventional restaurant 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: 5,166 square feet of restaurant property; Two separate commercial units; Fully occupied
