T-5 Zoned Office
For Sale
$215,000
2412 23rd Avenue, Gulfport, MS 39501
Commercial Sale, Gulfport, MS
Property Size2,362 SF
Lot Size0.47 Acres
Price / SF$91.02
Days on Market247
Property Features for 2412 23rd Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Commercial
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 4
Parking features
Off Street
Fireplace
1
Subdivision
Gulfport City
Lot features
City Lot, City Lot
Standard status
Active
APN
0811c-03-032.000
Size
2,362 SF
Lot size
0.47 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 20 TO 24 INC BLK 50 ORIGINAL GULFPORT
Legal Description
LOTS 20 TO 24 INC BLK 50 ORIGINAL GULFPORT
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1989
Floors in Building
1
Roof type
Shingle
Listing Agency:
Sawyer Real Estate, Inc. Of Ms.
(228) 863-0232
Listed By:
Sandi E Sawyer-Dulaney · License #S22082
(228) 861-4689
Added: Feb 2
Changed: Sep 30
Last Checked: Oct 7 at 11:06AM
MLS# 4138221
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 2,362-square-foot office property contains four bedrooms and 2.5 bathrooms, with a two-car garage and additional off-street parking. Built in 1989, the building has a shingle roof and fireplace. T-5 zoning allows flexibility for office, medical, legal, or other professional use, as well as single-family residential use. The property is offered as-is, and updates are needed.
The 0.47-acre site is near Downtown Gulfport, the Harrison County Courthouse, and Pass Road. Rear alley access complements the on-site parking. Public water and sewer serve the property.
The 0.47-acre site is near Downtown Gulfport, the Harrison County Courthouse, and Pass Road. Rear alley access complements the on-site parking. Public water and sewer serve the property.
Key Highlights
- T‑5 zoning supports office, medical, legal, and professional uses, as well as single‑family residential use
- 2,362 square feet with four bedrooms and 2.5 bathrooms
- 0.47‑acre site with a two‑car garage and additional off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,826
Cap Rate
8.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$376,520
$376.5K
Cap Rate 7%
$268,943
$268.9K
Cap Rate 9%
$209,178
$209.2K
Market Conditions
NOI Build-Up for 2,362 SF
Gross rent
$30.6K $12.96/SF
− Vacancy
−$5.5K −$2.33/SF
EGI
$25.1K $10.63/SF
− OpEx
−$6.3K −$2.66/SF
NOI
$18.8K $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%
$376,520
Cap Rate 7%
$268,943
Cap Rate 9%
$209,178
Alternative Uses
Best Use
Office B
$268.9K
$235.3K – $313.8K
NOI $18,826 @ 7.0% cap · market cap 8.76%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$380.5K
$333.0K – $443.9K
NOI $26,636 @ 7.0% cap · market cap 12.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
817
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
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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?
Office building - Flexible interior supports professional or medical operations, with possible single-family residential use.
Where is this office building located?
The property is located at 2412 23rd Avenue Gulfport, MS.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: T‑5 zoning supports office, medical, legal, and professional uses, as well as single‑family residential use; 2,362 square feet with four bedrooms and 2.5 bathrooms; 0.47‑acre site with a two‑car garage and additional off‑street parking
