Two-Unit Office
For Sale
$199,999
1904 22nd Avenue, Gulfport, MS 39501
Commercial Sale, Gulfport, MS
Property Size1,754 SF
Lot Size0.19 Acres
Price / SF$114.02
Days on Market333
Property Features for 1904 22nd Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 1, Bedroom 2
Parking features
Parking Lot
Exterior features
Awning(s)
Subdivision
Gulfport City
Lot features
City Lot, City Lot
High school
Gulfport
Standard status
Active
APN
0811f-01-048.000
Size
1,754 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOTS 15 & 16 BLK 106 ORIGINAL GULFPORT
Tax Annual Amount
1250
Legal Description
LOTS 15 & 16 BLK 106 ORIGINAL GULFPORT
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Floors in Building
2
Flooring type
Hardwood
Roof type
Shingle
Listing Agency:
Southeast Properties
(228) 276-2760
Listed By:
Amanda Cumberland · License #S48867
(228) 806-5048
Added: Nov 16, 2025
Changed: Oct 8
Last Checked: Oct 15 at 7:06PM
MLS# 4132029
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.
This 1,754-square-foot office property is arranged as two units. One is occupied by a tenant, and the other is vacant and available for occupancy or lease. Interior features include hardwood flooring, with central heating and central air conditioning. An awning is among the exterior features, and a parking lot serves the property.
The site encompasses 0.19 acres at 1904 22nd Avenue in Gulfport. Public water and sewer serve the property, and natural gas is available.
The site encompasses 0.19 acres at 1904 22nd Avenue in Gulfport. Public water and sewer serve the property, and natural gas is available.
Key Highlights
- Two‑unit office property totaling 1,754 square feet
- One unit is tenant‑occupied; the other is vacant and available
- Situated on a 0.19‑acre lot at 1904 22nd Avenue in Gulfport
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.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - One space is leased, while the other is open for occupancy or a new lease.
Where is this office building located?
The property is located at 1904 22nd Avenue 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: Two‑unit office property totaling 1,754 square feet; One unit is tenant‑occupied; the other is vacant and available; Situated on a 0.19‑acre lot at 1904 22nd Avenue in Gulfport
