Commercial Land With Existing
For Sale
$220,000
2725 26th Avenue, Gulfport, MS 39501
Commercial Sale, Gulfport, MS
Property Size2,100 SF
Lot Size0.20 Acres
Price / SF$104.76
Days on Market47
Property Features for 2725 26th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Light Industrial District
Subdivision
Gulfport City
Lot features
Corner Lot, Corner Lot
Standard status
Active
APN
0811c-05-011.000
Size
2,100 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ALL THAT PART OF LOT 1 LYING SLY OF 28TH ST ALL OF LOTS 2 & 3 & N 10 FT OF LOT 4 BLK 7 ORIGINAL GULFPORT SEC 4-8-11
Tax Annual Amount
1128
Legal Description
ALL THAT PART OF LOT 1 LYING SLY OF 28TH ST ALL OF LOTS 2 & 3 & N 10 FT OF LOT 4 BLK 7 ORIGINAL GULFPORT SEC 4-8-11
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1970
Listing Agency:
Century 21 Busch Realty Group · Century 21 Real Estate
(228) 324-1715
Listed By:
Maria A Picolo · License #S44009
(228) 860-8855
Added: Jul 16
Changed: Aug 29
Last Checked: Aug 31 at 6:06PM
MLS# 4156156
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 commercial land offering comprises two separate parcels with existing improvements. One parcel contains a 1970 warehouse with a half bath and documented roof damage. The second parcel includes a home built in 2007; it is boarded up, has never been occupied by the current owners, and its condition is unknown. Both structures require significant repairs or redevelopment, and the property is offered as-is, where-is, with no seller repairs.
The property is located at 2725 26th Avenue in Gulfport, Harrison County, Mississippi. Public water and public sewer serve the property. The combined property size is reported as 2,100 square feet on 0.2 acres. Buyers are responsible for verifying zoning, intended use, dimensions, condition, and other property information through independent due diligence.
The property is located at 2725 26th Avenue in Gulfport, Harrison County, Mississippi. Public water and public sewer serve the property. The combined property size is reported as 2,100 square feet on 0.2 acres. Buyers are responsible for verifying zoning, intended use, dimensions, condition, and other property information through independent due diligence.
Key Highlights
- Two separate parcels included in the offering
- 1970 warehouse with half bath and documented roof damage
- Second parcel includes a 2007‑built home
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,219
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$284,380
$284.4K
Cap Rate 7%
$203,129
$203.1K
Cap Rate 9%
$157,989
$158.0K
Market Conditions
NOI Build-Up for 2,100 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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
NOI $23,682 @ 7.0% cap · market cap 10.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
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
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Two parcels include a warehouse and a boarded residential structure requiring substantial repair or redevelopment.
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 separate parcels included in the offering; 1970 warehouse with half bath and documented roof damage; Second parcel includes a 2007‑built home
