Restaurant Property with
197 Tegarden Road, Gulfport, MS 39507
For Sale
$1,250,000
Commercial Sale, Gulfport, MS
Property Size10,247 SF
Lot Size1.32 Acres
Price / SF$121.99
Days on Market638
Property Features for 197 Tegarden Road
General Information
Property type
Property subtype
Zoning description
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Buildings
Listing Agency:
Coldwell Banker Alfonso Smith · Coldwell Banker Real Estate
(228) 875-1272
Listed By:
Kim R Bush · License MS S42877
(228) 233-6336
Added: Feb 13, 2025
Changed: Nov 4
Last Checked: Nov 12 at 6:06PM
MLS# 4103800
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.
Configured for restaurant, bar, and pool-hall use, this 10,247-square-foot commercial building sits on approximately 1.32 acres. Built in 1995, it has central heating and air conditioning, public water, and public sewer. Furniture, fixtures, and equipment are on site and may be negotiated separately, depending on offer structure.
The property is one block from Hwy 90, with reported daily traffic of approximately 26,000 vehicles. Gulfport beachfront and surrounding commercial areas are also identified nearby.
The property is one block from Hwy 90, with reported daily traffic of approximately 26,000 vehicles. Gulfport beachfront and surrounding commercial areas are also identified nearby.
Key Highlights
- 10,247‑square‑foot building on approximately 1.32 acres
- Configured for restaurant, bar, and pool‑hall use
- Furniture, fixtures, and equipment currently on site; separate negotiation may be available
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
26,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
16k
Monthly Visits Nearby
Under-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
$220,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Conventional restaurants in Harrison County, MS
Properties on Market for Conventional restaurants in Harrison County
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- South China — 548 Courthouse Rd, Gulfport, MS 39507
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The existing configuration includes restaurant, bar, and pool-hall areas.
Where is this conventional restaurant located?
The property is located at 197 Tegarden Road 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: 10,247‑square‑foot building on approximately 1.32 acres; Configured for restaurant, bar, and pool‑hall use; Furniture, fixtures, and equipment currently on site; separate negotiation may be available
