Bar and Pub with Pool
For Sale
$1,250,000
197 Tegarden Road, Gulfport, MS 39507
Commercial Sale, Gulfport, MS
Property Size10,247 SF
Lot Size1.32 Acres
Price / SF$121.99
Days on Market558
Property Features for 197 Tegarden Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Subdivision
Metes And Bounds
Lot features
Corner Lot, Near Beach, Corner Lot, Near Beach
Directions
From Beach Blvd, go north on Teagarden. Property is located on the left just before the railroad tracks.
Standard status
Active
APN
0911a-02-001.001
Size
10,247 SF
Lot size
1.32 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
BEG 110.9 FT S OF INTER OF CENTER- LINE OF RAILROAD & W MAR OF TEA- GARDEN RD S ALONG TEAGARDEN RD 193.6 FT S 78 DGS W 312.3 FT TO E LINE OF HILL & DOLAN SUBD N ALONG SUBD 166.9 FT TO S MAR OF RAILROAD ST NELY ALONG RD 321.3 FT TO POB PART OF NE1/4 OF NE1/4 OF SEC 1-8-11
Tax Annual Amount
10768
Legal Description
BEG 110.9 FT S OF INTER OF CENTER- LINE OF RAILROAD & W MAR OF TEA- GARDEN RD S ALONG TEAGARDEN RD 193.6 FT S 78 DGS W 312.3 FT TO E LINE OF HILL & DOLAN SUBD N ALONG SUBD 166.9 FT TO S MAR OF RAILROAD ST NELY ALONG RD 321.3 FT TO POB PART OF NE1/4 OF NE1/4 OF SEC 1-8-11
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1995
Floors in Building
1
Listing Agency:
Coldwell Banker Alfonso Realty-OS-B/O · Coldwell Banker Real Estate
(228) 875-1272
Listed By:
Kim R Bush · License #S42877
(228) 233-6336
Added: Feb 13, 2025
Changed: Aug 19
Last Checked: Aug 25 at 12:06AM
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.
Investment Insights
Based on property information with market context.
This 10,247-square-foot commercial building is configured for restaurant, bar, and pool hall operations. Built in 1995, the property occupies approximately 1.32 acres and includes existing furniture, fixtures, and equipment, which may be negotiated separately depending on the offer structure. The site also provides parking and public water and sewer service.
Located at 197 Tegarden Road in Gulfport, the property is one block from Beach Boulevard and Hwy 90, with access to the Gulfport beachfront and nearby commercial areas. Its building and land are offered together, providing an established hospitality-oriented layout within a larger commercial parcel.
Located at 197 Tegarden Road in Gulfport, the property is one block from Beach Boulevard and Hwy 90, with access to the Gulfport beachfront and nearby commercial areas. Its building and land are offered together, providing an established hospitality-oriented layout within a larger commercial parcel.
Key Highlights
- 10,247 SF commercial building on approximately 1.32 acres
- Restaurant, bar, and pool hall configuration
- Furniture, fixtures, and equipment in place
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$114,316
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Property Profile
Current Use
Lease Details
Yes
Highway access
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Existing restaurant, bar, and pool hall configuration with furniture, fixtures, and equipment in place.
Where is this bar & pub 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 SF commercial building on approximately 1.32 acres; Restaurant, bar, and pool hall configuration; Furniture, fixtures, and equipment in place
