Storefront Building with Two
240 Courthouse Road, Gulfport, MS 39507
For Sale
$425,000
Commercial Sale, Gulfport, MS
Property Size3,600 SF
Lot Size0.17 Acres
Price / SF$118.06
Days on Market96
Property Features for 240 Courthouse Road
General Information
Property type
Property subtype
Bathrooms
Half bathrooms
Rooms
Subdivision
Lot features
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Flooring type
Roof type
Buildings
Listing Agency:
Crescent Sotheby's International · Sotheby's International Realty
(985) 345-6802
Listed By:
Holly J Gibbs · License #B22047
(228) 697-3714
Added: Aug 4
Changed: Oct 31
Last Checked: Nov 7 at 12:06AM
MLS# 4158196
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,600+/- square foot storefront building was constructed in 1960 and has two front entrances. The 0.17-acre property is currently occupied and features concrete, carpet, and ceramic tile flooring, two bathrooms, central heating and central air conditioning. Public water and sewer serve the building.
The address is 240 Courthouse Road in Gulfport, with access to Highway 49, I-10, downtown Gulfport, and nearby commercial corridors. Parking is shared with the property to the south, and the two parcels also share property taxes. The building's existing occupancy and separate front entrances offer flexibility within its current configuration.
The address is 240 Courthouse Road in Gulfport, with access to Highway 49, I-10, downtown Gulfport, and nearby commercial corridors. Parking is shared with the property to the south, and the two parcels also share property taxes. The building's existing occupancy and separate front entrances offer flexibility within its current configuration.
Key Highlights
- 3,600+/- square foot building on a 0.17‑acre parcel
- Two front entrances
- Currently occupied; parking and property taxes are shared with the adjoining property to the south
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,373
Cap Rate
7.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$647,460
$647.5K
Cap Rate 7%
$462,471
$462.5K
Cap Rate 9%
$359,700
$359.7K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$50.5K $14.04/SF
− Vacancy
−$4.3K −$1.19/SF
EGI
$46.2K $12.85/SF
− OpEx
−$13.9K −$3.85/SF
NOI
$32.4K $8.99/SF
Area
Harrison County, MS
Vacancy
8.50%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$647,460
Cap Rate 7%
$462,471
Cap Rate 9%
$359,700
Alternative Uses
Best Use
Retail
$462.5K
$404.7K – $539.6K
NOI $32,373 @ 7.0% cap · market cap 7.62%
Second Best
Office B
$409.9K
$358.7K – $478.2K
NOI $28,693 @ 7.0% cap · market cap 6.75%
Theoretical Best
Healthcare Medical
$580.0K
$507.5K – $676.6K
NOI $40,597 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
510
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 39507, MS
17,724
Population
9,032
Households
2
Avg Household Size
42
Median Age
29%
College-Educated
91%
High-School Grad
8.2 sq mi
ZIP Area
2,161
Density / Sq Mi
$49,459
Median Household Income
$37,660
Median Earnings
$1,121
Median Rent
$220,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Storefront properties in Gulfport, MS
Properties on Market for Storefront properties in Gulfport
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Storefront property - The occupied property has shared parking and central heating and cooling.
Where is this storefront property located?
The property is located at 240 Courthouse Road Gulfport, MS.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 3,600+/- square foot building on a 0.17‑acre parcel; Two front entrances; Currently occupied; parking and property taxes are shared with the adjoining property to the south
