Building Details

Year Built 1962

Buildings 2

Listing Agency: Sawyer Real Estate, Inc. Of Ms.

Listed By: Lenny Sawyer · License #B3550 Show Phone

Source: Fiorellaavenue

Added: Aug 30 Changed: Oct 6 Last Checked: Oct 7 at 2:01PM

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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 Sawyer Real Estate, Inc. Of Ms.

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Investment Insights

Based on property information with market context.

This Gulfport commercial property contains two buildings and offers a total property size of 10,780 SF. The site encompasses 29,185 square feet of land and carries Commercial zoning, providing a flexible framework for business occupancy subject to applicable zoning and permitting requirements.

Built in 1962, the property is located at 1601 26th Avenue in Gulfport, Mississippi. Its commercial setting and access to major roads connect the site with the broader Gulfport business community and regional market.

Key Highlights

• 10,780 SF total property size
• 29,185 square feet of land
• Two buildings on the site

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$53,856

Cap Rate

7.18%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,077,120 $1.1M

Cap Rate 7%

$769,371 $769.4K

Cap Rate 9%

$598,400 $598.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,780 SF

Gross rent

$84.1K $7.80/SF

− Vacancy

−$7.1K −$0.66/SF

EGI

$76.9K $7.14/SF

− OpEx

−$23.1K −$2.14/SF

NOI

$53.9K $5.00/SF

Area

Harrison County, MS

Vacancy

8.50%

Lease Rate

$7.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,077,120

Cap Rate 7%

$769,371

Cap Rate 9%

$598,400

Alternative Uses

Best Use

Flex RnD

$1.19M

$1.04M – $1.39M (±1% cap)

NOI $83,364 @ 7.0% cap · market cap 11.12%

Second Best

Warehouse

$1.04M

$912.4K – $1.22M (±1% cap)

NOI $72,993 @ 7.0% cap · market cap 9.73%

Theoretical Best

Healthcare Medical

$1.74M

$1.52M – $2.03M (±1% cap)

NOI $121,566 @ 7.0% cap · market cap 16.21%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Sun Coast Business ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Electrical Service Grocery & Convenience Store Dental Office Furniture & Home Goods (Bike/Boat/Book/etc) Store Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,236

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 39501, MS

22,599

Population

10,565

Households

2.1

Avg Household Size

35

Median Age

13%

College-Educated

78%

High-School Grad

14.4 sq mi

ZIP Area

1,569

Density / Sq Mi

$33,491

Median Household Income

$28,522

Median Earnings

$962

Median Rent

$115,300

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Commercial zoning and a Gulfport location support varied business uses, subject to applicable permitting.

Where is this flex space located?

The property is located at 1601 26th Ave Gulfport, MS.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: 10,780 SF total property size; 29,185 square feet of land; Two buildings on the site