Flex Space with Climate-Controlled
For Sale
$996,000
21051 Coastal Parkway, Gulfport, MS 39503
Commercial Sale, Gulfport, MS
Property Size12,062 SF
Lot Size2.30 Acres
Price / SF$82.57
Days on Market197
Property Features for 21051 Coastal Parkway
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Half bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Window features
Insulated Windows, Double Pane Windows
Accessibility
Accessible Approach with Ramp
Lot features
Level, Rectangular Lot, Level, Rectangular Lot
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
Legal 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
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Amenities
private office space
entry foyer
handicap accessible restroom
remodeled kitchen
warehouse observation room
large window
rollup doors
compressor room
employee restroom
fenced concrete area
Building Details
Year built
2007
Floors in Building
1
Flooring type
Tile, Concrete
Roof type
Metal
Listing Agency:
Coldwell Banker Alfonso Realty-Lorraine Rd · Coldwell Banker Real Estate
(228) 287-1000
Listed By:
Carl A Larosa · License #S29641
(228) 669-4018
Added: Mar 27
Changed: Oct 8
Last Checked: Oct 9 at 3:06AM
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 12,062-square-foot flex property occupies 2.3 acres and was built in 2007. The building includes 1,263 square feet of recently updated, climate-controlled office space with tile flooring, private offices, an entry foyer, an accessible restroom, and a remodeled kitchen. A climate-controlled observation room overlooks the warehouse through a large window. The warehouse has two 25-foot-wide roll-up doors, one 12-foot-wide door, a 16-foot center height, a compressor room plumbed and ready, and an employee restroom.
Zoned I-1 for light industrial use, the property is just north of Interstate 10 and Love's Truckstop. Site features include ample parking and a fenced concrete area. An adjacent 2.1 acres is also available.
Zoned I-1 for light industrial use, the property is just north of Interstate 10 and Love's Truckstop. Site features include ample parking and a fenced concrete area. 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.
Property Analytics
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Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - An I-1-zoned facility combines updated office areas with warehouse space and dedicated compressor and observation rooms.
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‑square‑foot building on 2.3 acres; I‑1 zoning for light industrial use; 1,263 square feet of updated, climate‑controlled office space
