Light Industrial Warehouse with
21051 Coastal Parkway Gulfport, MS 39503
COMMERCIAL - Gulfport, MS
Property size:
12,062 SFLot size:
2.30 AcresPrice / SF:
$82/SF- Added:
- Mar 27, 2026
- Days on Market:
- 106
- Last Refresh:
- Jul 10 at 4:06 pm
Property Features for 21051 Coastal Parkway
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 1
- Rooms
- Bathroom 1, Bathroom 2
- Window features
- Double Pane Windows, Insulated Windows
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- 0508-04-001.004
- Size
- 12,062 SF
- Lot size
- 2.30 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Part of 4.4 AC COM AT NE COR OF SEC S LY ALONG SEC LINE 453.9 FT N 8 8 DGS W 93.9 FT S 3 DGS W 539.3 FT TO POB S 3 DGS W 479.4 FT N 88 DGS W 400.4 FT N 3 DGS E 479. 9 FT N 88 DGS E 400.4 FT TO POB PART OF NE 1/4 OF NE 1/4 OF SE C 4-7-12
- Tax Annual Amount
- 5740
Building Details
- Year built
- 2007
- Floors in Building
- 1
- Flooring type
- Concrete, Tile
- Roof type
- Metal
Listing agent Carl A Larosa License #S29641 (228) 669-4018
Listing office Coldwell Banker Alfonso Realty-Lorraine Rd 9153 Lorraine Rd, Gulfport, MS (228) 287-1000
Listing date Mar 27, 2026
MLS# 4143912
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 I-1 (light industrial) building totals 12,062 square feet and sits on 2.3 acres. The property includes 1,263 square feet of climate controlled office space with tile flooring, a private office area, entry foyer, handicap accessible restroom, and a remodeled kitchen with new cabinets and countertops. A climate controlled warehouse observation room with a large window connects the office and warehouse areas.
The warehouse offers two 25-foot wide rollup doors, one 12-foot wide rollup door, and a 16-foot center height. Additional improvements include a separate compressor room that is plumbed and ready, plus an employee restroom. The site has ample parking and a fenced-in concrete area, and an adjacent 2.1 acres is also available.
Located just north of Interstate 10 and Love’s Truckstop, the property is positioned for light industrial users needing both office space and flexible warehouse access.
The warehouse offers two 25-foot wide rollup doors, one 12-foot wide rollup door, and a 16-foot center height. Additional improvements include a separate compressor room that is plumbed and ready, plus an employee restroom. The site has ample parking and a fenced-in concrete area, and an adjacent 2.1 acres is also available.
Located just north of Interstate 10 and Love’s Truckstop, the property is positioned for light industrial users needing both office space and flexible warehouse access.
Key Highlights
- 12,062 SF building on 2.3 acres zoned I‑1 (light industrial)
- Office space includes 1,263 SF climate controlled area with tile flooring and private offices
- Remodeled kitchen with new cabinets and countertops; handicap accessible restroom and entry foyer
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $104.2k | $8.64 |
| − Vacancy | −$8.1k | −$0.67 |
| EGI | $96.1k | $7.97 |
| − OpEx | −$14.4k | −$1.19 |
| NOI | $81.7k | $6.77 |
12,062 SF · lease $8.64/SF/yr · vacancy 7.80% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.37M
$1.20M – $1.60M
NOI $96,139 @ 7.0% cap · market cap 9.65%
Second Best
Flex RnD
$1.33M
$1.17M – $1.55M
NOI $93,278 @ 7.0% cap · market cap 9.37%
Theoretical Best
Healthcare Medical
$1.94M
$1.70M – $2.27M
NOI $136,023 @ 7.0% cap · market cap 13.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Accurate Edge
Industrial Manufacturer
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - I-1 light industrial building includes climate controlled office space, observation room, and multiple rollup doors on 2.3 acres.
Where is this flex space located?
The property is located at 21051 Coastal Parkway Gulfport, MS.
What is the asking price?
The asking price for this property is $996,000.
What are key features of this property?
This property features: 12,062 SF building on 2.3 acres zoned I‑1 (light industrial); Office space includes 1,263 SF climate controlled area with tile flooring and private offices; Remodeled kitchen with new cabinets and countertops; handicap accessible restroom and entry foyer
