Restaurant Property with
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 Market603
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
Heating system
Central
Cooling system
Central Air
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: Oct 8
Last Checked: Oct 9 at 4:06AM
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.
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.
Property Analytics
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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
Vacancy Rate% for Retail in South region
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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
