Corner Lot Metal
For Sale
$430,000
3200 Dolphin Dr, Gautier, MS 39553
Corner lot with high visibility and metal shop.
Property Size4,800 SF
Price / SF$89.58
Days on Market159
Property Features for 3200 Dolphin Dr
General Information
Standard status
Active
Size
4,800 SF
Building Details
Year Built
2007
Listing Agency:
Coldwell Banker Smith Home Rltrs-Gautier
Listed By:
Cherie A Miller · License #S54041
(318) 754-6709
Source:
Fiorellaavenue
Added: May 14
Changed: Oct 7
Last Checked: Oct 7 at 3:50PM
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 Coldwell Banker Smith Home Rltrs-Gautier
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Investment Insights
Based on property information with market context.
This property features a corner lot with high visibility and traffic. It includes land and a metal shop with a brick front. The shop contains an office space, a kitchen, two bathrooms, and a storage loft. The property is currently used as a cabinet shop.
Key Highlights
- Corner lot with high visibility and lots of traffic
- Metal shop with brick front
- Includes office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,123
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$622,460
$622.5K
Cap Rate 7%
$444,614
$444.6K
Cap Rate 9%
$345,811
$345.8K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$47.8K $9.96/SF
− Vacancy
−$3.3K −$0.70/SF
EGI
$44.5K $9.26/SF
− OpEx
−$13.3K −$2.78/SF
NOI
$31.1K $6.48/SF
Area
Jackson County, MS
Vacancy
7.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$622,460
Cap Rate 7%
$444,614
Cap Rate 9%
$345,811
Alternative Uses
Best Use
Flex RnD
$878.7K
$768.9K – $1.03M
NOI $61,512 @ 7.0% cap · market cap 14.31%
Second Best
Industrial
$444.6K
$389.0K – $518.7K
NOI $31,123 @ 7.0% cap · market cap 7.24%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,791 @ 7.0% cap · market cap 21.35%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
282
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 39553, MS
17,032
Population
7,470
Households
2.3
Avg Household Size
40
Median Age
19%
College-Educated
85%
High-School Grad
28.3 sq mi
ZIP Area
602
Density / Sq Mi
$63,091
Median Household Income
$36,758
Median Earnings
$1,070
Median Rent
$154,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Corner lot with high visibility and metal shop.
Where is this flex space located?
The property is located at 3200 Dolphin Dr Gautier, MS.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Corner lot with high visibility and lots of traffic; Metal shop with brick front; Includes office space
