Light Industrial Warehouse with
21051 Coastal Pkwy Gulfport, MS 39503
For Sale
$996,000
Light industrial building includes climate-controlled office space and a warehouse with multiple rollup doors and 16-foot clear height.
Property Size12,062 SF
Lot Size2.30 Acres
Price / SF$82.57
Days on Market119
Property Features for 21051 Coastal Pkwy
General Information
- Standard status
- Active
- Size
- 12,062 SF
- Lot size
- 2.30 Acres
Listing Agency:
Coldwell Banker Alfonso Realty-Lorraine Rd
(228) 669-4018
Listed By:
Carl A Larosa · License #S29641
(228) 669-4018
Source:
Exprealty
Added: Mar 27
Changed: Jul 23
Last Checked: Jul 23 at 1:20AM
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 light industrial property includes a 12,062-square-foot building zoned I-1, situated on 2.3 acres. The building features approximately 1,263 square feet of climate-controlled office space with updated tile flooring, a private office, an entry foyer, a handicap-accessible restroom, and a remodeled kitchen with new cabinets and countertops. An additional climate-controlled warehouse observation room includes a large window.
The warehouse area is equipped with two 25-foot-wide rollup doors and one 12-foot-wide rollup door, with a 16-foot center height. The property also includes a separate compressor room that is plumbed and ready, plus an employee restroom. On-site amenities include ample parking and a fenced-in concrete area, and the property is located just north of Interstate 10 and Love’s Truckstop.
An adjacent 2.1 acres is also available.
The warehouse area is equipped with two 25-foot-wide rollup doors and one 12-foot-wide rollup door, with a 16-foot center height. The property also includes a separate compressor room that is plumbed and ready, plus an employee restroom. On-site amenities include ample parking and a fenced-in concrete area, and the property is located just north of Interstate 10 and Love’s Truckstop.
An adjacent 2.1 acres is also available.
Key Highlights
- 12,062 SF light industrial building zoned I‑1 on 2.3 acres
- Office space totals 1,263 SF and is climate controlled with updated tile flooring, remodeled kitchen, and handicap‑accessible restroom
- Warehouse includes climate‑controlled observation room with large window
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
Location Intelligence
Current Use by Public Records
Accurate Edge
Industrial Manufacturer
FAQs
What type of property is this?
Flex space - Light industrial building includes climate-controlled office space and a warehouse with multiple rollup doors and 16-foot clear height.
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 SF light industrial building zoned I‑1 on 2.3 acres; Office space totals 1,263 SF and is climate controlled with updated tile flooring, remodeled kitchen, and handicap‑accessible restroom; Warehouse includes climate‑controlled observation room with large window
