Industrial Flex Building with
For Sale
$996,000
21051 Coastal Pkwy, Gulfport, MS 39503
Light-industrial property combines updated offices, warehouse space, multiple roll-up doors, and a secured outdoor concrete area.
Property Size12,062 SF
Lot Size2.30 Acres
Price / SF$82.57
Days on Market98
Property Features for 21051 Coastal Pkwy
General Information
Standard status
Active
Size
12,062 SF
Lot size
2.30 Acres
Zoning
I-1
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
16 ft
Office Build-Out
1,263 SF
Amenities
private office space
entry foyer
handicap accessible restroom
remodeled kitchen
climate controlled warehouse observation room
employee restroom
fenced in concrete area
Building Details
Year Built
2007
Buildings
1
Building Size
12,062 SF
Listing Agency:
Coldwell Banker Alfonso Realty-Lorraine Rd
Listed By:
Carl A Larosa · License #S29641
(228) 287-1200
Source:
Fiorellaavenue
Added: Jul 10
Changed: Oct 9
Last Checked: Oct 7 at 2:28PM
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-Lorraine Rd
Investment Insights
Based on property information with market context.
This 12,062-square-foot flex property sits on 2.3 acres and carries I-1 zoning. The 2007 building includes 1,263 square feet of climate-controlled office space with tile flooring, private offices, an entry foyer, an accessible restroom, and a remodeled kitchen with new cabinets and countertops. A climate-controlled warehouse observation room provides visibility into the industrial area, which includes two 25-foot-wide roll-up doors, one 12-foot-wide door, and 16-foot center height. Additional improvements include an employee restroom and a separate compressor room that is plumbed and ready for use.
The property is at 21051 Coastal Pkwy in Gulfport, just north of Interstate 10 and Love's Truckstop. Ample parking and a fenced concrete area support daily operations. An adjacent 2.1 acres is also available.
The property is at 21051 Coastal Pkwy in Gulfport, just north of Interstate 10 and Love's Truckstop. Ample parking and a fenced concrete area support daily operations. An adjacent 2.1 acres is also available.
Key Highlights
- 12,062‑square‑foot building on 2.3 acres
- I‑1 zoning for light‑industrial use
- 1,263 square feet of updated climate‑controlled office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,674
Cap Rate
8.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,633,480
$1.6M
Cap Rate 7%
$1,166,771
$1.2M
Cap Rate 9%
$907,489
$907.5K
Market Conditions
NOI Build-Up for 12,062 SF
Gross rent
$104.2K $8.64/SF
− Vacancy
−$8.1K −$0.67/SF
EGI
$96.1K $7.97/SF
− OpEx
−$14.4K −$1.19/SF
NOI
$81.7K $6.77/SF
Area
Harrison County, MS
Vacancy
7.80%
Lease Rate
$8.64 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,633,480
Cap Rate 7%
$1,166,771
Cap Rate 9%
$907,489
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
16 ft
Clear height
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 39503, MS
53,643
Population
22,533
Households
2.4
Avg Household Size
37
Median Age
24%
College-Educated
92%
High-School Grad
114.3 sq mi
ZIP Area
469
Density / Sq Mi
$61,298
Median Household Income
$36,241
Median Earnings
$1,087
Median Rent
$193,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Light-industrial property combines updated offices, warehouse space, multiple roll-up doors, and a secured outdoor concrete area.
Where is this flex space located?
The property is located at 21051 Coastal Pkwy 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‑square‑foot building on 2.3 acres; I‑1 zoning for light‑industrial use; 1,263 square feet of updated climate‑controlled office space
