Live-Work Property with
For Sale
$369,000
2713 15th Avenue, Gulfport, MS 39501
Commercial Sale, Gulfport, MS
Property Size3,300 SF
Lot Size1.04 Acres
Price / SF$60.49
Days on Market622
Property Features for 2713 15th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
B2
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 2
Subdivision
Arlington Heights
Lot features
Level, Fenced, Level, Fenced
Directions
Between Pass Road and 28th street on 15th Ave.
Standard status
Active
APN
0811b-01-030.000
Size
6,100 SF
Lot size
1.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
0811b-01-030.000 LOTS 12 & 13 INC BLK 3 ARLINGTON HEIGHTS ADD 0811b-01-030.001 LOTS 9 THRU 11 INC BLK 3 ARLIN 0811b-01-031.000 E 80 FT OF LOTS 14 TO 18 INC B 0811b-01-050.000 LOTS 23 TO 26 INC BLK 3 ARLING
Tax Annual Amount
3332
Legal Description
0811b-01-030.000 LOTS 12 & 13 INC BLK 3 ARLINGTON HEIGHTS ADD 0811b-01-030.001 LOTS 9 THRU 11 INC BLK 3 ARLIN 0811b-01-031.000 E 80 FT OF LOTS 14 TO 18 INC B 0811b-01-050.000 LOTS 23 TO 26 INC BLK 3 ARLING
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s), Electric, Central Air
Water source
Public
Building Details
Year built
1962
Floors in Building
1
Flooring type
Laminate
Building materials
Vinyl Siding
Roof type
Metal
Listing Agency:
Coldwell Banker Alfonso Realty-Lorraine Rd · Coldwell Banker Real Estate
(228) 287-1000
Listed By:
Vivian Champaigne · License #S49613
(228) 596-0407
Added: Jan 29, 2025
Changed: Oct 8
Last Checked: Oct 13 at 5:06AM
MLS# 4102295
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 live-work property includes two buildings totaling 6,100 square feet on 1.04 acres. The 3,300-square-foot main building has 1,800 square feet of finished living and office area, with a full kitchen, appliances, washer and dryer, and two bathrooms. Its remaining 1,500 square feet is configured as a garage and workshop, with alley access and a wide entry door. A separate 2,800-square-foot open-span warehouse has roll-up doors at both ends for drive-through access. The property also includes a natural gas-powered generator, public water and sewer, and B-2 zoning.
The site comprises four parcels, including three fully fenced lots along 15th Street. Access runs from 15th Street through to the alley. The property is located between Pass Road and 28th Street, with access to U.S. Highway 49 and Gulfport-Biloxi International Airport. On-site parking and outdoor space are also present.
The site comprises four parcels, including three fully fenced lots along 15th Street. Access runs from 15th Street through to the alley. The property is located between Pass Road and 28th Street, with access to U.S. Highway 49 and Gulfport-Biloxi International Airport. On-site parking and outdoor space are also present.
Key Highlights
- 6,100 square feet across two buildings on 1.04 acres
- Main building: 3,300 square feet, including 1,800 square feet of finished living/office space and a 1,500‑square‑foot garage/workshop
- Separate 2,800‑square‑foot open‑span warehouse with roll‑up doors at both ends
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,475
Cap Rate
8.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$609,500
$609.5K
Cap Rate 7%
$435,357
$435.4K
Cap Rate 9%
$338,611
$338.6K
Market Conditions
NOI Build-Up for 6,100 SF
Gross rent
$47.6K $7.80/SF
− Vacancy
−$4.0K −$0.66/SF
EGI
$43.5K $7.14/SF
− OpEx
−$13.1K −$2.14/SF
NOI
$30.5K $5.00/SF
Area
Harrison County, MS
Vacancy
8.50%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$609,500
Cap Rate 7%
$435,357
Cap Rate 9%
$338,611
Alternative Uses
Best Use
Office B
$694.6K
$607.7K – $810.3K
NOI $48,619 @ 7.0% cap · market cap 13.18%
Second Best
Flex RnD
$673.9K
$589.7K – $786.2K
NOI $47,173 @ 7.0% cap · market cap 12.78%
Theoretical Best
Healthcare Medical
$982.7K
$859.9K – $1.15M
NOI $68,790 @ 7.0% cap · market cap 18.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
493
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Live-work space - Two buildings combine finished living and office areas with workshop and warehouse space.
Where is this live-work space located?
The property is located at 2713 15th Avenue Gulfport, MS.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: 6,100 square feet across two buildings on 1.04 acres; Main building: 3,300 square feet, including 1,800 square feet of finished living/office space and a 1,500‑square‑foot garage/workshop; Separate 2,800‑square‑foot open‑span warehouse with roll‑up doors at both ends
