Mixed-Use Property with Live-Work
For Sale
$210,000
15380 5th Street, Gulfport, MS 39503
Commercial Sale, Gulfport, MS
Property Size2,182 SF
Lot Size0.14 Acres
Price / SF$96.24
Days on Market312
Property Features for 15380 5th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
6
Directions
From Hwy 49 N, turn right onto 5th Street. Continue straight, place will be on your left.
Standard status
Active
APN
0808l-01-072.000
Size
2,182 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
S 1/2 OF LOTS 6-8 INC BLK 26 GULF & SHIP ISLAND DEV CO SEC 4/9-7-11
Tax Annual Amount
1191
Legal Description
S 1/2 OF LOTS 6-8 INC BLK 26 GULF & SHIP ISLAND DEV CO SEC 4/9-7-11
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1970
Flooring type
Concrete
Roof type
Asphalt
Listing Agency:
Expect Realty · Better Homes and Gardens Real Estate
(228) 215-1861
Listed By:
Blake Nagy · License #S58731
(601) 270-3932
Added: Nov 3, 2025
Changed: Aug 26
Last Checked: Sep 11 at 8:06PM
MLS# 4130194
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.
Located at 15380 5th Street in Gulfport, this mixed-use property provides 2,182 square feet on a 0.14-acre lot. The property is described as zoned for both residential and business use, supporting a range of live-work configurations within the existing footprint. Concrete flooring, an asphalt roof, and a 1970 construction year define the primary physical characteristics.
Public water and public sewer serve the property, while cable service is available. The site also offers access to major highways, local shops, dining, and entertainment in Gulfport. Its address in Harrison County, Mississippi, places the property within a setting identified for both residential and business activity.
Public water and public sewer serve the property, while cable service is available. The site also offers access to major highways, local shops, dining, and entertainment in Gulfport. Its address in Harrison County, Mississippi, places the property within a setting identified for both residential and business activity.
Key Highlights
- 2,182‑square‑foot mixed‑use property on a 0.14‑acre lot
- Zoned for both residential and business use
- Located at 15380 5th Street in Gulfport, MS 39503
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
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Open Analytics
Current Use
Lease Details
Yes
Highway access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The 1970 building supports combined residential and business use.
Where is this mixed-use property located?
The property is located at 15380 5th Street 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: 2,182‑square‑foot mixed‑use property on a 0.14‑acre lot; Zoned for both residential and business use; Located at 15380 5th Street in Gulfport, MS 39503
