Updated Convenience Store with
For Sale
$399,000
16260 Robinson Rd, Gulfport, MS 39503
Updated open-concept convenience store with an equipped kitchen and included coolers, equipment, furniture, and merchandise for turnover ease.
Property Size2,400 SF
Price / SF$166.25
Days on Market108
Property Features for 16260 Robinson Rd
General Information
Standard status
Active
Size
2,400 SF
Additional Details
Business Included
Yes
Listing Agency:
Coastal Realty Group
(228) 265-4766
Listed By:
Melinda Calhoun · License #S53425
(228) 265-4766
Source:
Exprealty
Added: Apr 27
Changed: Jul 10
Last Checked: Aug 11 at 9:40AM
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 Coastal Realty Group
Investment Insights
Based on property information with market context.
This updated convenience store features an open-concept interior layout intended to support efficient customer flow. The property has been recently reopened with upgrades, and it includes a fully equipped kitchen for prepared hot food service. To support an immediate operating setup, the sale includes the store merchandise, along with the coolers, kitchen equipment, and furniture.
The property is located at 16260 Robinson Rd in Gulfport, MS. It presents as a turn-key retail option for an operator looking for a ready-to-run convenience format.
For buyers and investors, the combination of a refreshed retail interior and an on-site, equipped kitchen can help broaden what the store can sell beyond standard convenience items. With merchandise and key operating components included in the sale, the transition from acquisition to day-to-day operation is simplified for a new owner or an incoming tenant.
The property is located at 16260 Robinson Rd in Gulfport, MS. It presents as a turn-key retail option for an operator looking for a ready-to-run convenience format.
For buyers and investors, the combination of a refreshed retail interior and an on-site, equipped kitchen can help broaden what the store can sell beyond standard convenience items. With merchandise and key operating components included in the sale, the transition from acquisition to day-to-day operation is simplified for a new owner or an incoming tenant.
Key Highlights
- Updated open‑concept convenience store layout designed for customer flow and efficiency
- Includes a fully equipped kitchen for hot food sales and an additional income stream
- Recently reopened with upgrades and has generated revenue during the first few months of operation
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
$26,774
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
6.71%
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%
$535,480
$535.5K
Cap Rate 7%
$382,486
$382.5K
Cap Rate 9%
$297,489
$297.5K
Market Conditions
NOI Build-Up for 2,400 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
$38.3K $15.96/SF
− Vacancy
−$2.6K −$1.09/SF
EGI
$35.7K $14.87/SF
− OpEx
−$8.9K −$3.72/SF
NOI
$26.8K $11.16/SF
Area
Harrison County, MS
Vacancy
6.80%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
25.00%
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%
$535,480
Cap Rate 7%
$382,486
Cap Rate 9%
$297,489
Alternative Uses
Best Use
Specialty Retail
$382.5K
$334.7K – $446.2K
NOI $26,774 @ 7.0% cap · market cap 6.71%
Second Best
Retail
$308.3K
$269.8K – $359.7K
NOI $21,582 @ 7.0% cap · market cap 5.41%
Theoretical Best
Healthcare Medical
$386.6K
$338.3K – $451.1K
NOI $27,065 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 39503, MS
53,643
Population
22,533
Households
2.4
Avg Household Size
37
Median Age
24%
College-Educated
92%
High-School Grad
114.3 sq mi
ZIP Area
469
Density / Sq Mi
$61,298
Median Household Income
$36,241
Median Earnings
$1,087
Median Rent
$193,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Food Giant — 12057 US 49, Gulfport, MS 39503
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Updated open-concept convenience store with an equipped kitchen and included coolers, equipment, furniture, and merchandise for turnover ease.
Where is this grocery and convenience store located?
The property is located at 16260 Robinson Rd Gulfport, MS.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Updated open‑concept convenience store layout designed for customer flow and efficiency; Includes a fully equipped kitchen for hot food sales and an additional income stream; Recently reopened with upgrades and has generated revenue during the first few months of operation
