Multi-Tenant Shopping
3-1092 Acadian Dr Gulfport, MS 39507
3-1092 Acadian Dr, Gulfport, MS, 39507
$499,500
For Sale
$499,500
Established multi-tenant shopping center with long-term occupants and zoning T4+ in Gulfport.
Property Size4,395 SF
Price / SF$113.65
Days on Market114
Property Features for 3-1092 Acadian Dr
General Information
- Standard status
- Active
- Size
- 4,395 SF
Listing Agency
Blaine & Co., LLC
(228) 861-6449
Listed by
Matthew A Blaine · License #B20768
(228) 861-6449
Source
Exprealty
Added: Mar 25 Checked: Jul 14 at 4:30 am
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 Blaine & Co., LLC
Investment Insights
Based on property information with market context.
An established, income producing multi-tenant shopping center offering a proven rental history and a strong tenant mix, including several long term occupants with established operating histories at the property. The current tenancy is positioned to support consistent income and future lease structuring flexibility as leases are renewed or re-tenanted.
The center is strategically located just off Pass Road near the high traffic intersection of Cowan-Lorraine, with approximately 30,000 cars passing daily along Pass Road. Zoned T4+, the property supports a wide range of commercial uses. Nearby businesses include Walmart Neighborhood Market, Rouses Market, Dunkin’ Doughnuts, Walgreens, McDonald’s, and Club 4 Fitness. The center is also located directly behind Thriffiley Orthopedic and near multiple dense residential neighborhoods and apartments.
The center is strategically located just off Pass Road near the high traffic intersection of Cowan-Lorraine, with approximately 30,000 cars passing daily along Pass Road. Zoned T4+, the property supports a wide range of commercial uses. Nearby businesses include Walmart Neighborhood Market, Rouses Market, Dunkin’ Doughnuts, Walgreens, McDonald’s, and Club 4 Fitness. The center is also located directly behind Thriffiley Orthopedic and near multiple dense residential neighborhoods and apartments.
Key Highlights
- Established multi‑tenant shopping center with long‑term occupants and established rental history
- Approximately 30,000 cars passing daily along Pass Road for strong retail traffic visibility
- Strategically located just off Pass Road near the high‑traffic intersection of Cowan‑Lorraine
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.7k | $14.04 |
| − Vacancy | −$5.2k | −$1.19 |
| EGI | $56.5k | $12.85 |
| − OpEx | −$16.9k | −$3.85 |
| NOI | $39.5k | $8.99 |
4,395 SF · lease $14.04/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$564.6K
$494.0K – $658.7K
NOI $39,523 @ 7.0% cap · market cap 7.91%
Second Best
Office B
$500.4K
$437.9K – $583.8K
NOI $35,030 @ 7.0% cap · market cap 7.01%
Theoretical Best
Healthcare Medical
$708.0K
$619.5K – $826.0K
NOI $49,562 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shopping centers
Similar For Sale Nearby
Similar Off Market Nearby
- Village Square Mall — 1909 E Pass Rd, Gulfport, MS 39507
- Handsboro Square Shopping Center — 1323 E Pass Rd, Gulfport, MS 39507
- Coinstar Kiosk | Bitcoin ATM — Rouses Market, 1444 E Pass Rd, Gulfport, MS 39507
FAQs
What type of property is this?
Shopping center - Established multi-tenant shopping center with long-term occupants and zoning T4+ in Gulfport.
Where is this shopping center located?
The property is located at 3-1092 Acadian Dr Gulfport, MS.
What is the asking price?
The asking price for this property is $499,500.
What are key features of this property?
This property features: Established multi‑tenant shopping center with long‑term occupants and established rental history; Approximately 30,000 cars passing daily along Pass Road for strong retail traffic visibility; Strategically located just off Pass Road near the high‑traffic intersection of Cowan‑Lorraine
