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    Downtown Gulfport Commercial Space Available Title is generated by Realmo AI

    1621 29th Avenue, Gulfport, MS 39501

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    For Lease
    $5,600/Mo $7 SF/Yr (calc)

    COMMERCIAL - Gulfport, MS

    Property size:
    8,975 SF
    Lot size:
    0.25 Acres
    Added:
    Nov 20, 2025
    Days on Market:
    181
    Last Refresh:
    May 20 at 7:06 pm

    Property Features for 1621 29th Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 3, Bathroom 1
    Window features
    Storm Window(s), Insulated Windows
    Standard status
    Active
    APN
    0811e-02-028.000
    Size
    8,975 SF
    Lot size
    0.25 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    LOTS 1 TO 4 BLK 148 ORIGINAL GULFPORT
    Tax Annual Amount
    3008

    Building Details

    Year built
    1978
    Floors in Building
    2
    Flooring type
    Concrete, Vinyl

    We can help!

    Listing Contact
    Donna Haynes
    Donna Haynes

    Listing agent Donna Haynes License #S49593

    Listing office RE/MAX Results In Real Estate, Inc. 12211 Bernard Pkwy, Biloxi, MS

    Listing date Nov 20, 2025

    MLS# 4132146

    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.

    HighLights

    • Prime downtown Gulfport location near the port and Hwy 49
    • Large 7074 sq ft move‑in ready warehouse space with three overhead doors
    • Includes a vacant 110 X 100' lot for expansion or parking
    • Recently remodeled 1,901 sq ft office/showroom space with four offices and hurricane impact resistant glass
    • Mezzanine level in warehouse with office, restroom/shower, and additional storage
    • New HVAC system (one year old)

    Overview

    Located in downtown Gulfport, this property offers a combination of office, showroom, and warehouse space, along with a vacant lot for potential expansion or parking. The 8,975 square foot building includes 1,901 square feet of recently remodeled office and showroom space, featuring four offices, a showroom with hurricane impact resistant glass, and a kitchen/breakroom. The HVAC system is one year old. The warehouse area, comprising 7,074 square feet, is accessible via three large overhead doors and is move-in ready. A mezzanine level within the warehouse includes an office, restroom with shower, and additional storage. The property also includes a 110 x 100 foot vacant lot bordered by 17th Street and 30th Avenue, suitable for expansion or parking. Situated just north of the port and two blocks from Highway 49, the location is suitable for a variety of business opportunities. The current business zoning has been grandfathered; verification of zoning and intended use is the buyer's responsibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Glass Solutions, Inc. Hardware & Home Improvement

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Law Firm Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Safe Space Storage — 3112 Pass Rd, Gulfport, MS 39501
    • Right Downtown Self-Storage Units — 2577 19th St, Gulfport, MS 39501

    Location Insight

    • Map
    • Local Demand
    City
    Gulfport
    County
    Harrison
    State
    Mississippi
    Longitude
    -89.096927
    Latitude
    30.371058

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    FAQs

    What type of property is this?
    Warehouse - Remodeled office/showroom with warehouse and vacant lot.
    Where is this warehouse located?
    The property is located at 1621 29th Avenue Gulfport, MS.
    What is the lease rate?
    The lease rate is $5,600 /Mo.
    What are key features of this property?
    This property features: Prime downtown Gulfport location near the port and Hwy 49; Large 7074 sq ft move‑in ready warehouse space with three overhead doors; Includes a vacant 110 X 100' lot for expansion or parking
    (228) 861-5668
    We can help!
    Listing Contact
    Donna Haynes
    Donna Haynes
    Real Estate License ID: S49593
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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