Building Details

Building Size 2,100 SF

Year Built 1970

Listing Agency: Century 21 Busch Realty Group Show Phone

Listed By: Maria A Picolo · License #S44009 Show Phone

Source: Briggspropertiesonline

Added: Nov 4 Last Checked: Nov 6 at 4:44AM

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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 Century 21 Busch Realty Group

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This commercial land offering consists of two separately numbered parcels with existing structures. One holds a warehouse built in 1970 with a half bath; the building has roof damage. The other parcel includes a house constructed in 2007 that is boarded up, with its condition unknown. Both structures require substantial repair or redevelopment, and the property is offered in its current condition without seller repairs.

The property is at a corner address in Gulfport, Mississippi, and is zoned Light Industrial District. Buyers should independently confirm zoning, intended use, dimensions, and physical condition as part of their due diligence.

Key Highlights

• Two separately numbered parcels
• 2,100‑square‑foot commercial property
• 1970 warehouse with a half bath and roof damage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,219

Cap Rate

6.46%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$284,380 $284.4K

Cap Rate 7%

$203,129 $203.1K

Cap Rate 9%

$157,989 $158.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,100 SF

Gross rent

$18.1K $8.64/SF

− Vacancy

−$1.4K −$0.67/SF

EGI

$16.7K $7.97/SF

− OpEx

−$2.5K −$1.19/SF

NOI

$14.2K $6.77/SF

Area

Harrison County, MS

Vacancy

7.80%

Lease Rate

$8.64 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$284,380

Cap Rate 7%

$203,129

Cap Rate 9%

$157,989

Alternative Uses

Best Use

Warehouse

$203.1K

$177.7K – $237.0K (±1% cap)

NOI $14,219 @ 7.0% cap · market cap 6.46%

Second Best

—

—

no second resolved use

Theoretical Best

Healthcare Medical

$338.3K

$296.0K – $394.7K (±1% cap)

NOI $23,682 @ 7.0% cap · market cap 10.76%

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

Gulfport Quickfreeze Co Take-out & Catering

Suggested Use

Top Pick Dental Office Parking Lot & Garage Furniture & Home Goods Skin Care Clinic Hotel & Motel Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

559

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

Average Price Trend$/SF for Commercial land in Gulfport, MS

$12.49 Jul

$62.05 Aug

$56.25 Sep

$55.18 Oct

Properties on Market for Commercial land in Gulfport

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Commercial land - Two parcels in the Light Industrial District include a warehouse and a boarded-up house.

Where is this commercial land located?

The property is located at 2725 26th Avenue Gulfport, MS.

What is the asking price?

The asking price for this property is $220,000.

What are key features of this property?

This property features: Two separately numbered parcels; 2,100‑square‑foot commercial property; 1970 warehouse with a half bath and roof damage