Updated Convenience Store With
For Sale
$399,000
16260 Robinson Road, Gulfport, MS 39503
Commercial Sale, Gulfport, MS
Property Size2,400 SF
Lot Size0.40 Acres
Price / SF$166.25
Days on Market138
Property Features for 16260 Robinson Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
R1
Bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1
Parking
5
Subdivision
Metes And Bounds
Lot features
City Lot, City Lot
Standard status
Active
APN
0708b-02-003.001
Size
2,400 SF
Lot size
0.40 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BEG 8.5 FT N OF SE COR OF NW1/4 OF SEC 5 ON N MAR OF ROBINSON RD W ALONG RD 135 FT N 121.7 FT E 135 FT TO W MAR OF REEVES LN S ALONG RD 121.7 FT TO POB PART OF SE1/4 OF NW1/4 OF SEC 5-7-11
Tax Annual Amount
1409
Legal Description
BEG 8.5 FT N OF SE COR OF NW1/4 OF SEC 5 ON N MAR OF ROBINSON RD W ALONG RD 135 FT N 121.7 FT E 135 FT TO W MAR OF REEVES LN S ALONG RD 121.7 FT TO POB PART OF SE1/4 OF NW1/4 OF SEC 5-7-11
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
fully equipped kitchen
Building Details
Year built
1960
Floors in Building
1
Flooring type
Tile
Roof type
Shingle
Listing Agency:
Coastal Realty Group
(228) 280-8026
Listed By:
Melinda Calhoun · License #S53425
(228) 265-4766
Added: Apr 27
Changed: Aug 29
Last Checked: Sep 11 at 6:06AM
MLS# 4147383
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 convenience store occupies 2400 square feet on a 0.4-acre parcel and has an open-concept interior arranged for retail operations. The property has been updated and includes a fully equipped kitchen, coolers, furniture, store merchandise, tile flooring, a shingle roof, and a bathroom. Public water and public sewer serve the site.
Located at 16260 Robinson Road in Gulfport, the property was built in 1960. The conveyed inventory and installed equipment provide a ready physical setup for continued convenience retail and prepared-food operations.
Located at 16260 Robinson Road in Gulfport, the property was built in 1960. The conveyed inventory and installed equipment provide a ready physical setup for continued convenience retail and prepared-food operations.
Key Highlights
- 2400 square feet on a 0.4‑acre parcel
- Store merchandise conveys with the property
- Includes coolers, furniture, and kitchen equipment
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
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
350
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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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 - Open-concept retail space includes an equipped kitchen and conveyed store inventory.
Where is this grocery and convenience store located?
The property is located at 16260 Robinson Road 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: 2400 square feet on a 0.4‑acre parcel; Store merchandise conveys with the property; Includes coolers, furniture, and kitchen equipment
