Flex Office Warehouse with
1621 29th Avenue Gulfport, MS 39501
1621 29th Avenue, Gulfport, MS, 39501
$585,000
For Sale
$585,000
COMMERCIAL - Gulfport, MS
Property Size8,975 SF
Lot Size0.25 Acres
Price / SF$65.18
Days on Market490
Property Features for 1621 29th Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 3, Bathroom 2
- 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
Listing Agency
RE/MAX Results In Real Estate, Inc.
(228) 388-4360
12211 Bernard Pkwy, Biloxi, MS
Listed by
Donna Haynes · License #S49593
(228) 861-5668
Added: Mar 14, 2025 Checked: Jul 16 at 6:06 pm
MLS# 4106744
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.
This for-sale flex office warehouse includes recently remodeled office/showroom space with four offices, a showroom featuring hurricane impact resistant glass, and a kitchen/breakroom. HVAC was installed approximately one year ago. The warehouse is accessed by three large overhead doors, and includes a mezzanine level with its own office and restroom with shower, along with additional storage.
A portion of the warehouse/storage area is move-in ready. The sale also includes a vacant lot behind the business, bordered by 17th St and 30th Ave, offering space that may support expansion or parking. The property is located in downtown Gulfport, just north of the port and two blocks from Hwy 49, and the current business zoning has been grandfathered; buyers should verify zoning and intended use. Building only is offered for sale, with no equipment, business enterprise, or furnishings to convey.
A portion of the warehouse/storage area is move-in ready. The sale also includes a vacant lot behind the business, bordered by 17th St and 30th Ave, offering space that may support expansion or parking. The property is located in downtown Gulfport, just north of the port and two blocks from Hwy 49, and the current business zoning has been grandfathered; buyers should verify zoning and intended use. Building only is offered for sale, with no equipment, business enterprise, or furnishings to convey.
Key Highlights
- 1,901 SF recently remodeled office/showroom space includes four offices, a showroom with hurricane impact resistant glass, and kitchen/breakroom
- Move‑in‑ready warehouse/storage with 7,074 SF, accessed by three large overhead doors
- Warehouse mezzanine features its own office, restroom with shower, and additional storage
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.0k | $7.80 |
| − Vacancy | −$6.0k | −$0.66 |
| EGI | $64.1k | $7.14 |
| − OpEx | −$19.2k | −$2.14 |
| NOI | $44.8k | $5.00 |
8,975 SF · lease $7.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.15M
$1.01M – $1.35M
NOI $80,709 @ 7.0% cap · market cap 13.80%
Second Best
Office B
$1.02M
$894.2K – $1.19M
NOI $71,534 @ 7.0% cap · market cap 12.23%
Theoretical Best
Healthcare Medical
$1.45M
$1.27M – $1.69M
NOI $101,211 @ 7.0% cap · market cap 17.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Glass Solutions, Inc.
Hardware & Home Improvement
Similar For Sale Nearby
Similar Off Market Nearby
- Wildflower Catering and Events — 2404 23rd Ave, Gulfport, MS 39501
- Catering Creations — 1822 15th St #7, Gulfport, MS 39501
FAQs
What type of property is this?
Flex space - Remodeled office/showroom and warehouse space with overhead doors plus an adjacent vacant lot for expansion or parking.
Where is this flex space located?
The property is located at 1621 29th Avenue Gulfport, MS.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: 1,901 SF recently remodeled office/showroom space includes four offices, a showroom with hurricane impact resistant glass, and kitchen/breakroom; Move‑in‑ready warehouse/storage with 7,074 SF, accessed by three large overhead doors; Warehouse mezzanine features its own office, restroom with shower, and additional storage
