Retail Strip Center with
New
For Sale
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15007 Creosote Rd, Gulfport, MS 39503
A multi-tenant retail center includes established neighborhood businesses and room for additional development.
Property Size9,500 SF
Price / SF$162.41
Days on Market4
Property Features for 15007 Creosote Rd
General Information
Standard status
Active
Size
9,500 SF
Property subtype
RETAIL
Listing Agency:
Molyneaux Group
Listed By:
Douglas Molyneaux
(228) 273-1660
Source:
Moodyscre
Added: Sep 28
Changed: Sep 30
Last Checked: Sep 30 at 2:10PM
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 Molyneaux Group
Investment Insights
Based on property information with market context.
Built in 2009, this 9,600-square-foot retail strip center has a metal structure with stucco-coated exterior panels. More than 40 on-site parking spaces serve the property, which also includes additional land. Current businesses include Clear Families Chiropractic, Champ Nutrition, and Gulf Coast Pack & Ship; the chiropractic practice occupies 3,600 square feet within the center.
The property is on Creosote Road, east of Highway 49, near Three Rivers Road and adjacent to Sonic Drive-In. Nearby retailers include Walmart, At Home, and Home Depot. More than 33,000 residents live within a three-mile radius. Traffic counts are approximately 47,000 vehicles per day on the Highway 49 corridor east of the property, more than 11,000 vehicles per day on Creosote Road in front of the center, and 19,000 vehicles per day on Three Rivers Road at the intersection.
The property is on Creosote Road, east of Highway 49, near Three Rivers Road and adjacent to Sonic Drive-In. Nearby retailers include Walmart, At Home, and Home Depot. More than 33,000 residents live within a three-mile radius. Traffic counts are approximately 47,000 vehicles per day on the Highway 49 corridor east of the property, more than 11,000 vehicles per day on Creosote Road in front of the center, and 19,000 vehicles per day on Three Rivers Road at the intersection.
Key Highlights
- Built in 2009; 9,600 square feet of retail space
- More than 40 on‑site parking spaces and additional land
- Clear Families Chiropractic occupies 3,600 square feet; other tenants include Champ Nutrition and Gulf Coast Pack & Ship
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
$85,430
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
5.54%
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%
$1,708,600
$1.7M
Cap Rate 7%
$1,220,429
$1.2M
Cap Rate 9%
$949,222
$949.2K
Market Conditions
NOI Build-Up for 9,500 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
$133.4K $14.04/SF
− Vacancy
−$11.3K −$1.19/SF
EGI
$122.0K $12.85/SF
− OpEx
−$36.6K −$3.85/SF
NOI
$85.4K $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%
$1,708,600
Cap Rate 7%
$1,220,429
Cap Rate 9%
$949,222
Alternative Uses
Best Use
Retail
$1.22M
$1.07M – $1.42M
NOI $85,430 @ 7.0% cap · market cap 5.54%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.53M
$1.34M – $1.79M
NOI $107,132 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
302k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 41%
Dining 29%
Shops & Services 20%
Home Improvements & Furnishings 6%
Walmart
Superstores
123,208 visits/mo
0.3 miles
McDonald's
Dining
37,891 visits/mo
0.4 miles
Shell
Shops & Services
28,765 visits/mo
0.4 miles
Murphy USA
Shops & Services
16,307 visits/mo
0.4 miles
At Home
Home Improvements & Furnishings
16,162 visits/mo
0.2 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Strip mall - A multi-tenant retail center includes established neighborhood businesses and room for additional development.
Where is this strip mall located?
The property is located at 15007 Creosote Rd Gulfport, MS.
What is the asking price?
The asking price for this property is $1,542,900.
What are key features of this property?
This property features: Built in 2009; 9,600 square feet of retail space; More than 40 on‑site parking spaces and additional land; Clear Families Chiropractic occupies 3,600 square feet; other tenants include Champ Nutrition and Gulf Coast Pack & Ship
