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Gulfport Commercial Investment Opportunity

15237 Russell Blvd, Gulfport, MS 39503

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For Sale

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Versatile commercial property with multiple buildings and income potential.

Type:Retail

Property size:

4,666 SF

Lot size:

0.55 Acres

Price / SF:

$149/SF

HighLights

Immediate income potential with seller willing to lease the 3,526 sq ft front building.
Existing rental income from the 1,140 sq ft rear building currently leased to Claw Daddy's.
Versatile 0.55‑acre property with multiple buildings and flexible use options.
Vacant lot (approx. 101’ x 121’) provides space for parking, storage, or future development.
Front metal building (3,526 sq ft) is ideal for automotive, service, warehouse, or light industrial use with five roll‑up doors, service bays, showroom, office, and half bath.
Total of 4,666 sq ft of building space offering diversified income potential in a single location.

We can help!

Contact an agent

Sherry Owen

For Sale

Contact for pricing

Versatile commercial property with multiple buildings and income potential.

Type:Retail

Property size:

4,666 SF

Lot size:

0.55 Acres

Price / SF:

$149/SF

Added:: Dec 16, 2025
Days on Market:: 193
Last Refresh:: Mar 17 at 1:19 pm

Property Features for 15237 Russell Blvd

General Information

Standard status: Active
Size: 4,666 SF
Lot size: 0.55 Acres
Property subtype: Retail

We can help!

Contact an agent

Sherry Owen

Listing office Owen & Co LLC Real Estate

Listing date Dec 16, 2025

Source Crexi

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 Owen & Co LLC Real Estate

HighLights

Immediate income potential with seller willing to lease the 3,526 sq ft front building.
Existing rental income from the 1,140 sq ft rear building currently leased to Claw Daddy's.
Versatile 0.55‑acre property with multiple buildings and flexible use options.
Vacant lot (approx. 101’ x 121’) provides space for parking, storage, or future development.
Front metal building (3,526 sq ft) is ideal for automotive, service, warehouse, or light industrial use with five roll‑up doors, service bays, showroom, office, and half bath.
Total of 4,666 sq ft of building space offering diversified income potential in a single location.

Overview

This commercial investment property in Gulfport, MS, offers multiple buildings and flexible use options on approximately 0.55 acres. The front metal building provides 3,526 square feet and is designed for functionality, featuring five roll-up doors, multiple service bays, a showroom, office space, and a half bath. Previously operated as a window tint business, the layout is suitable for automotive, service, warehouse, or light industrial use. The seller is willing to lease the front building, providing immediate income potential. The rear building, totaling 1,140 square feet, is currently leased, adding stable, existing rental income. Situated between the two buildings is a vacant lot measuring approximately 101’ x 121’, offering space for parking, storage, or future development. With a total of 4,666 square feet, existing tenancy, seller leaseback opportunity, and room for expansion, this property presents an investment opportunity for owner-users or investors seeking diversified income in a single location.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$65.5k	$14.04
− Vacancy	−$5.6k	−$1.19
EGI	$59.9k	$12.85
− OpEx	−$18.0k	−$3.85
NOI	$42.0k	$8.99

4,666 SF · lease $14.04/SF/yr · vacancy 8.50% · expense 30.00%

Alternative Uses

Best Use

Retail

$599.4K

$524.5K – $699.3K (±1% cap)

NOI $41,960 @ 7.0% cap · market cap 6.01%

Second Best

Warehouse

$451.3K

$394.9K – $526.6K (±1% cap)

NOI $31,594 @ 7.0% cap · market cap 4.53%

Theoretical Best

Healthcare Medical

$751.7K

$657.7K – $877.0K (±1% cap)

NOI $52,618 @ 7.0% cap · market cap 7.54%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Tint World Auto Repair Shop

Suggested Use

Location Insight

Map
Local Demand

City: Gulfport
County: Harrison
State: Mississippi
Longitude: -89.0937267
Latitude: 30.4147552

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For sale
Retail properties & Spaces
MS
Gulfport
39503
15237 Russell Blvd

What type of property is this?

Retail property - Versatile commercial property with multiple buildings and income potential.

Where is this retail property located?

The property is located at 15237 Russell Blvd Gulfport, MS.

What is the asking price?

The asking price for this property is $698,000.

What are key features of this property?

This property features: Immediate income potential with seller willing to lease the 3,526 sq ft front building.; Existing rental income from the 1,140 sq ft rear building currently leased to Claw Daddy's.; Versatile 0.55‑acre property with multiple buildings and flexible use options.