Two-Unit Office
For Sale
$199,999
1904 22nd Ave, Gulfport, MS 39501
One unit is occupied, while the other is ready for immediate leasing.
Property Size1,754 SF
Price / SF$114.02
Days on Market87
Property Features for 1904 22nd Ave
General Information
Standard status
Active
Size
1,754 SF
Listing Agency:
Southeast Properties
Listed By:
Amanda Cumberland · License #S48867
(228) 806-5048
Source:
Fiorellaavenue
Added: Jul 21
Changed: Oct 5
Last Checked: Oct 7 at 4:41PM
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 Southeast Properties
Investment Insights
Based on property information with market context.
Located at 1904 22nd Ave in Gulfport, Mississippi, this 1,754-square-foot office property is configured as a commercial duplex with two separate units. The layout supports an owner-user or investor seeking distinct occupancy arrangements within one building.
One unit currently has a tenant in place, while the second unit is vacant and available for leasing. This combination provides an existing occupancy base alongside additional usable space within the property.
One unit currently has a tenant in place, while the second unit is vacant and available for leasing. This combination provides an existing occupancy base alongside additional usable space within the property.
Key Highlights
- 1,754‑square‑foot office property
- Commercial duplex with two separate units
- One unit occupied by a current tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,980
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$279,600
$279.6K
Cap Rate 7%
$199,714
$199.7K
Cap Rate 9%
$155,333
$155.3K
Market Conditions
NOI Build-Up for 1,754 SF
Gross rent
$22.7K $12.96/SF
− Vacancy
−$4.1K −$2.33/SF
EGI
$18.6K $10.63/SF
− OpEx
−$4.7K −$2.66/SF
NOI
$14.0K $7.97/SF
Area
Harrison County, MS
Vacancy
18.00%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$279,600
Cap Rate 7%
$199,714
Cap Rate 9%
$155,333
Alternative Uses
Best Use
Office B
$199.7K
$174.8K – $233.0K
NOI $13,980 @ 7.0% cap · market cap 6.99%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$282.6K
$247.3K – $329.7K
NOI $19,780 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,372
Businesses Nearby
Explore this area
Business Placement
Demographics for 39501, MS
22,599
Population
10,565
Households
2.1
Avg Household Size
35
Median Age
13%
College-Educated
78%
High-School Grad
14.4 sq mi
ZIP Area
1,569
Density / Sq Mi
$33,491
Median Household Income
$28,522
Median Earnings
$962
Median Rent
$115,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - One unit is occupied, while the other is ready for immediate leasing.
Where is this office building located?
The property is located at 1904 22nd Ave Gulfport, MS.
What is the asking price?
The asking price for this property is $199,999.
What are key features of this property?
This property features: 1,754‑square‑foot office property; Commercial duplex with two separate units; One unit occupied by a current tenant
