Mixed-Use Property with Commercial
18421 28th Street, Long Beach, MS 39560
For Sale
$492,500
Commercial Sale, Long Beach, MS
Property Size6,055 SF
Lot Size8.00 Acres
Price / SF$81.34
Days on Market47
Property Features for 18421 28th Street
General Information
Property type
Property subtype
Zoning description
Bathrooms
Half bathrooms
Rooms
Subdivision
Lot features
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
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Building Details
Year built
Floors in Building
Flooring type
Roof type
Listing Agency:
New Horizons Realty, Inc.
Listed By:
James M Overstreet · License #B17680
(228) 323-0607
Added: Sep 22
Changed: Nov 2
Last Checked: Nov 7 at 3:06PM
MLS# 4163272
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.
Set on 8 acres, this mixed-use property includes a 6,055-square-foot commercial building with block-wall construction and a metal roof. The interior has a large room at the left entrance, plus a foyer, storage closet, kitchen, pantry, and men’s and women’s restrooms. Heating and cooling include a rooftop HVAC unit, two central HVAC systems, and two gas space heaters. Asphalt parking extends along the front and side of the building.
The front approximately 250 feet of the site is zoned C-2, with the balance zoned R-4. The property fronts a connector road and has access to I-10 east via Canal Road and I-10 west via County Farm Road. Public water and sewer serve the property.
The front approximately 250 feet of the site is zoned C-2, with the balance zoned R-4. The property fronts a connector road and has access to I-10 east via Canal Road and I-10 west via County Farm Road. Public water and sewer serve the property.
Key Highlights
- 8 acres with a 6,055‑square‑foot commercial building
- C‑2 zoning on the front approximately 250 feet; remainder is R‑4
- Block‑wall construction and metal roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,915
Cap Rate
8.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$858,300
$858.3K
Cap Rate 7%
$613,071
$613.1K
Cap Rate 9%
$476,833
$476.8K
Market Conditions
NOI Build-Up for 6,055 SF
Gross rent
$76.3K $12.60/SF
− Vacancy
−$7.6K −$1.26/SF
EGI
$68.7K $11.34/SF
− OpEx
−$25.7K −$4.25/SF
NOI
$42.9K $7.09/SF
Area
Harrison County, MS
Vacancy
10.00%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$858,300
Cap Rate 7%
$613,071
Cap Rate 9%
$476,833
Alternative Uses
Best Use
Mixed Use
$613.1K
$536.4K – $715.3K
NOI $42,915 @ 7.0% cap · market cap 8.71%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$975.5K
$853.5K – $1.14M
NOI $68,282 @ 7.0% cap · market cap 13.86%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
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Business Placement
Demographics for 39560, MS
18,611
Population
8,429
Households
2.2
Avg Household Size
41
Median Age
31%
College-Educated
94%
High-School Grad
20.3 sq mi
ZIP Area
917
Density / Sq Mi
$73,090
Median Household Income
$40,000
Median Earnings
$1,196
Median Rent
$210,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The site combines an existing commercial facility with C-2 and R-4 zoning across separate portions of the property.
Where is this mixed-use property located?
The property is located at 18421 28th Street Long Beach, MS.
What is the asking price?
The asking price for this property is $492,500.
What are key features of this property?
This property features: 8 acres with a 6,055‑square‑foot commercial building; C‑2 zoning on the front approximately 250 feet; remainder is R‑4; Block‑wall construction and metal roof
