Bar, Restaurant, and Pool
For Sale
$1,250,000
197 Tegarden Rd, Gulfport, MS 39507
Multifaceted hospitality property near the beach in Gulfport, Mississippi.
Property Size10,247 SF
Price / SF$121.99
Days on Market254
Property Features for 197 Tegarden Rd
General Information
Standard status
Active
Size
10,247 SF
Building Details
Year Built
1995
Listing Agency:
Coldwell Banker Alfonso Realty-OS-B/O
Listed By:
Kim R Bush · License #S42877
(228) 233-6336
Source:
Fiorellaavenue
Added: Jan 26
Changed: Oct 3
Last Checked: Oct 6 at 12:28AM
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 Coldwell Banker Alfonso Realty-OS-B/O
Investment Insights
Based on property information with market context.
This property features a bar, restaurant, and pool hall. It is located one block off the beach at Teagarden Rd and Hwy 90. The sale includes the business, building, and all equipment, providing a turnkey investment. This property is positioned in the heart of the Biloxi-Gulfport market.
Key Highlights
- Turnkey business opportunity: Includes business, building, and all equipment.
- Prime location: Just one block from the beach at Teagarden Rd and Hwy 90.
- High‑traffic area: Positioned to thrive in the Biloxi‑Gulfport market.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,316
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,286,320
$2.3M
Cap Rate 7%
$1,633,086
$1.6M
Cap Rate 9%
$1,270,178
$1.3M
Market Conditions
NOI Build-Up for 10,247 SF
Gross rent
$163.5K $15.96/SF
− Vacancy
−$11.1K −$1.09/SF
EGI
$152.4K $14.87/SF
− OpEx
−$38.1K −$3.72/SF
NOI
$114.3K $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 Rate 5%
$2,286,320
Cap Rate 7%
$1,633,086
Cap Rate 9%
$1,270,178
Alternative Uses
Best Use
Specialty Retail
$1.63M
$1.43M – $1.91M
NOI $114,316 @ 7.0% cap · market cap 9.15%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.65M
$1.44M – $1.93M
NOI $115,555 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
16k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 44%
Dining 44%
Apparel 11%
Waffle House
Dining
6,677 visits/mo
0.2 miles
Wells Fargo
Shops & Services
6,253 visits/mo
0.5 miles
Surf Style
Apparel
1,777 visits/mo
0.5 miles
Storage Rentals of America
Shops & Services
629 visits/mo
0.3 miles
China Star
Dining
201 visits/mo
0.4 miles
Demographics for 39507, MS
17,724
Population
9,032
Households
2
Avg Household Size
42
Median Age
29%
College-Educated
91%
High-School Grad
8.2 sq mi
ZIP Area
2,161
Density / Sq Mi
$49,459
Median Household Income
$37,660
Median Earnings
$1,121
Median Rent
$220,600
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
- sedasdasd — 226 Courthouse Rd, Gulfport, MS 39507
- Orangutang's Daiquiris & Bar — 226 Courthouse Rd, Gulfport, MS 39507
- LOBA Music Art Gallery LLC — 326 Courthouse Rd, Gulfport, MS 39507
- Skeeters — 197 tegarden rd, gulfport, ms 39507
- Porpoise Cove — 820 Township Rd, Gulfport, MS 39507
Frequently Asked Questions
What type of property is this?
Bar & Pub - Multifaceted hospitality property near the beach in Gulfport, Mississippi.
Where is this bar & pub located?
The property is located at 197 Tegarden Rd Gulfport, MS.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Turnkey business opportunity: Includes business, building, and all equipment.; Prime location: Just one block from the beach at Teagarden Rd and Hwy 90.; High‑traffic area: Positioned to thrive in the Biloxi‑Gulfport market.
