Historic Professional Office
For Sale
$189,900
2224 17th St, Gulfport, MS 39501
Well-maintained office property with central HVAC, private parking, and a covered front porch.
Property Size1,440 SF
Price / SF$131.88
Days on Market96
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Property Features for 2224 17th St
General Information
Standard status
Active
Size
1,440 SF
Building Details
Year Built
1907
Listing Agency:
Prescott Properties, Inc.
Listed By:
Rob A Knight
(228) 365-6692
Source:
Fiorellaavenue
Added: Jul 12
Changed: Oct 6
Last Checked: Oct 7 at 4:43PM
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 Prescott Properties, Inc.
Investment Insights
Based on property information with market context.
This 1907 office building combines historic character with practical professional-office improvements. The property includes original hardwood floors, 10-foot ceilings, central heat and air, off-street parking, and a front porch. Electrical wiring runs throughout the building, and new floor insulation has been installed.
The property is directly across from the courthouse at the intersection of 17th Street and 23rd Avenue in Original Gulfport. It is also near the Mississippi Aquarium and sits outside the required flood zone. The existing configuration is suited to professional office use, including law and medical practices as identified in the property information.
The property is directly across from the courthouse at the intersection of 17th Street and 23rd Avenue in Original Gulfport. It is also near the Mississippi Aquarium and sits outside the required flood zone. The existing configuration is suited to professional office use, including law and medical practices as identified in the property information.
Key Highlights
- 1907 office building with original hardwood floors and 10‑foot ceilings
- Central heat and air with electrical wiring throughout
- New floor insulation installed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,477
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$229,540
$229.5K
Cap Rate 7%
$163,957
$164.0K
Cap Rate 9%
$127,522
$127.5K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$18.7K $12.96/SF
− Vacancy
−$3.4K −$2.33/SF
EGI
$15.3K $10.63/SF
− OpEx
−$3.8K −$2.66/SF
NOI
$11.5K $7.97/SF
Area
Harrison County, MS
Vacancy
18.00%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$229,540
Cap Rate 7%
$163,957
Cap Rate 9%
$127,522
Alternative Uses
Best Use
Office B
$164.0K
$143.5K – $191.3K
NOI $11,477 @ 7.0% cap · market cap 6.04%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$232.0K
$203.0K – $270.7K
NOI $16,239 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,227
Businesses Nearby
Explore this area
Business Placement
Demographics for 39501, MS
22,599
Population
10,565
Households
2.1
Avg Household Size
35
Median Age
13%
College-Educated
78%
High-School Grad
14.4 sq mi
ZIP Area
1,569
Density / Sq Mi
$33,491
Median Household Income
$28,522
Median Earnings
$962
Median Rent
$115,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Well-maintained office property with central HVAC, private parking, and a covered front porch.
Where is this office building located?
The property is located at 2224 17th St Gulfport, MS.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: 1907 office building with original hardwood floors and 10‑foot ceilings; Central heat and air with electrical wiring throughout; New floor insulation installed
