Office Building with Flexible
For Sale
$225,000
Pending
1621 23rd Avenue, Gulfport, MS 39501
Commercial Sale, Gulfport, MS
Property Size2,142 SF
Lot Size0.10 Acres
Days on Market99
Property Features for 1621 23rd Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Central Business District
Bedrooms
2
Rooms
Bedroom 2, Bedroom 1
Subdivision
Gulfport City
Lot features
Corner Lot, Level, City Lot, Corner Lot, Level, City Lot
Directions
From Beach Blvd (US-90) turn on Hwy 49, drive north for .4 miles then turn right onto 17th Street. Building is on the left on the corner of 17th Street and 23rd Avenue.
Standard status
Pending
APN
0811f-04-002.000
Size
2,142 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 1 & 2 LESS W 40 FT. BLK. 153 ORIGINAL GULFPORT
Tax Annual Amount
2355
Legal Description
LOTS 1 & 2 LESS W 40 FT. BLK. 153 ORIGINAL GULFPORT
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1969
Floors in Building
1
Roof type
Built-Up
Listing Agency:
John McDonald Realty, LLC
(228) 467-5500
Listed By:
Regan Kane · License #B14846
(228) 363-0331
Added: Jul 28
Changed: Oct 29
Last Checked: Nov 3 at 10:06AM
MLS# 4157351
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.
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Investment Insights
Based on property information with market context.
This 2,142-square-foot office building contains a reception area, waiting room with a half bath, conference room, three private offices, and three additional rooms. A kitchen area is paired with a full bathroom, and two side entrances open toward 17th Street. The property was built in 1969 and has central heating and air conditioning, public water and sewer, and a built-up roof.
Zoned T-4, the property occupies a corner at 23rd Avenue and 17th Street in downtown Gulfport. The Harrison County Courthouse is across the street, with the Markham Hotel and a residential development nearby.
Zoned T-4, the property occupies a corner at 23rd Avenue and 17th Street in downtown Gulfport. The Harrison County Courthouse is across the street, with the Markham Hotel and a residential development nearby.
Key Highlights
- 2,142 square feet; built in 1969
- T‑4 zoning
- Three private offices, a conference room, and three additional rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,073
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,460
$341.5K
Cap Rate 7%
$243,900
$243.9K
Cap Rate 9%
$189,700
$189.7K
Market Conditions
NOI Build-Up for 2,142 SF
Gross rent
$27.8K $12.96/SF
− Vacancy
−$5.0K −$2.33/SF
EGI
$22.8K $10.63/SF
− OpEx
−$5.7K −$2.66/SF
NOI
$17.1K $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%
$341,460
Cap Rate 7%
$243,900
Cap Rate 9%
$189,700
Alternative Uses
Best Use
Office B
$243.9K
$213.4K – $284.6K
NOI $17,073 @ 7.0% cap · market cap 7.59%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$345.1K
$301.9K – $402.6K
NOI $24,155 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,227
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - T-4 zoning and a mix of private offices, shared rooms, and client areas support varied business configurations.
Where is this office building located?
The property is located at 1621 23rd Avenue Gulfport, MS.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 2,142 square feet; built in 1969; T‑4 zoning; Three private offices, a conference room, and three additional rooms
