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 Market42
Property Features for 15380 5th St
General Information
Standard status
Active
Size
2,182 SF
Building Details
Year Built
1970
Listing Agency:
Expect Realty
(601) 270-3932
Listed By:
Blake Nagy · License #S58731
Source:
Fiorellaavenue
Added: Jul 21
Changed: Aug 29
Last Checked: Aug 30 at 8:06PM
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 = 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
$17,391
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
8.28%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
