Two-Building Flex
For Sale
Contact for pricing
1601 26TH AVE, Gulfport, MS 39501
Commercial zoning and a Gulfport location support varied business uses, subject to applicable permitting.
Property Size10,780 SF
Lot Size0.67 Acres
Price / SF$69.57
Days on Market18
Property Features for 1601 26TH AVE
General Information
Standard status
Active
Size
10,780 SF
Lot size
0.67 Acres
Property subtype
Office, Industrial, Mixed Use
Zoning
Commercial
Building Details
Year Built
1962
Buildings
2
Stories
1
Units
1
Listing Agency:
NAI Sawyer
(228) 314-5000
Listed By:
Lenny Sawyer · License #MS B3550
Source:
Crexi
Added: Aug 14
Changed: Aug 31
Last Checked: Aug 31 at 8:55AM
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 NAI Sawyer
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.
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 = 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
$53,856
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
7.18%
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%
$1,077,120
$1.1M
Cap Rate 7%
$769,371
$769.4K
Cap Rate 9%
$598,400
$598.4K
Market Conditions
NOI Build-Up for 10,780 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
$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 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%
$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
NOI $83,364 @ 7.0% cap · market cap 11.12%
Second Best
Warehouse
$1.04M
$912.4K – $1.22M
NOI $72,993 @ 7.0% cap · market cap 9.73%
Theoretical Best
Healthcare Medical
$1.74M
$1.52M – $2.03M
NOI $121,566 @ 7.0% cap · market cap 16.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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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
