Mixed-Use Live-Work
For Sale
$210,000
15380 5th St, Gulfport, MS 39503
Flexible property supporting both residential occupancy and business use near major highways and Gulfport amenities.
Property Size2,182 SF
Price / SF$96.24
Days on Market87
Property Features for 15380 5th St
General Information
Standard status
Active
Size
2,182 SF
Building Details
Year Built
1970
Listing Agency:
Expect Realty
Listed By:
Blake Nagy · License #S58731
(601) 270-3932
Source:
Fiorellaavenue
Added: Jul 21
Changed: Oct 11
Last Checked: Oct 7 at 5:26PM
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 Expect Realty
Investment Insights
Based on property information with market context.
This mixed-use property at 15380 5th St in Gulfport, Mississippi, supports both residential and business use. Its flexible positioning can accommodate a home office, small business, live-work arrangement, boutique, professional office, or residence, subject to applicable requirements. Built in 1970, the property offers an established commercial setting with room for an owner’s preferred configuration and improvements.
The property is centrally located in Gulfport with access to major highways, local shops, dining, and entertainment. Its placement provides a practical connection to surrounding services while maintaining a versatile profile for residential or business occupancy. The property size is listed as 2,182, offering a substantial footprint for a range of mixed-use concepts.
The property is centrally located in Gulfport with access to major highways, local shops, dining, and entertainment. Its placement provides a practical connection to surrounding services while maintaining a versatile profile for residential or business occupancy. The property size is listed as 2,182, offering a substantial footprint for a range of mixed-use concepts.
Key Highlights
- Residential and business use supported
- Mixed‑use property with live‑work flexibility
- 2,182 property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,391
Cap Rate
8.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,820
$347.8K
Cap Rate 7%
$248,443
$248.4K
Cap Rate 9%
$193,233
$193.2K
Market Conditions
NOI Build-Up for 2,182 SF
Gross rent
$28.3K $12.96/SF
− Vacancy
−$5.1K −$2.33/SF
EGI
$23.2K $10.63/SF
− OpEx
−$5.8K −$2.66/SF
NOI
$17.4K $7.97/SF
Area
Harrison County, MS
Vacancy
18.00%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,820
Cap Rate 7%
$248,443
Cap Rate 9%
$193,233
Alternative Uses
Best Use
Office B
$248.4K
$217.4K – $289.9K
NOI $17,391 @ 7.0% cap · market cap 8.28%
Second Best
Mixed Use
$220.9K
$193.3K – $257.8K
NOI $15,465 @ 7.0% cap · market cap 7.36%
Theoretical Best
Healthcare Medical
$351.5K
$307.6K – $410.1K
NOI $24,606 @ 7.0% cap · market cap 11.72%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
616
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible property supporting both residential occupancy and business use near major highways and Gulfport amenities.
Where is this mixed-use property located?
The property is located at 15380 5th St Gulfport, MS.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Residential and business use supported; Mixed‑use property with live‑work flexibility; 2,182 property size
