Renovated Office
For Sale
Contact for pricing
322 Courthouse Road, Gulfport, MS 39507
Renovated layout includes private offices, a conference room, kitchen, reception area, and bath facilities.
Property Size2,600 SF
Price / SF$1.10
Days on Market84
Property Features for 322 Courthouse Road
General Information
Standard status
Active
Size
2,600 SF
Listing Agency:
Keller Williams
(228) 275-7500
Listed By:
Yvonne S Hulsey · License #4673
(985) 969-5058
Source:
Myfrontgaterealty
Added: Jul 24
Changed: Oct 13
Last Checked: Oct 14 at 10:47PM
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 Keller Williams
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Investment Insights
Based on property information with market context.
This approximately 2,600-square-foot office property at 322 Courthouse Road includes five private offices, a spacious conference room, reception area, full kitchen and break room, plus one and a half baths with a shower. The interior has been renovated and arranged for professional office operations, with a practical mix of private and shared spaces.
The property is located in Gulfport, approximately four minutes from Downtown Gulfport. Major roadways, restaurants, government offices, and downtown amenities are accessible from the site. The address provides a professional setting for office users seeking proximity to central Gulfport services and destinations.
The property is located in Gulfport, approximately four minutes from Downtown Gulfport. Major roadways, restaurants, government offices, and downtown amenities are accessible from the site. The address provides a professional setting for office users seeking proximity to central Gulfport services and destinations.
Key Highlights
- Approximately 2,600 square feet of renovated office space
- Five private offices plus a spacious conference room
- Full kitchen and break room included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,723
Suggested Prices Based on Cap Rates
Cap Rate 5%
$414,460
$414.5K
Cap Rate 7%
$296,043
$296.0K
Cap Rate 9%
$230,256
$230.3K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$33.7K $12.96/SF
− Vacancy
−$6.1K −$2.33/SF
EGI
$27.6K $10.63/SF
− OpEx
−$6.9K −$2.66/SF
NOI
$20.7K $7.97/SF
Area
Harrison County, MS
Vacancy
18.00%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$414,460
Cap Rate 7%
$296,043
Cap Rate 9%
$230,256
Alternative Uses
Best Use
Healthcare Medical
$418.9K
$366.5K – $488.7K
NOI $29,320 @ 7.0% cap · market cap 1,028.77%
Second Best
Office B
$296.0K
$259.0K – $345.4K
NOI $20,723 @ 7.0% cap · market cap 727.12%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
510
Businesses Nearby
Explore this area
Business Placement
Demographics for 39507, MS
17,724
Population
9,032
Households
2
Avg Household Size
42
Median Age
29%
College-Educated
91%
High-School Grad
8.2 sq mi
ZIP Area
2,161
Density / Sq Mi
$49,459
Median Household Income
$37,660
Median Earnings
$1,121
Median Rent
$220,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Renovated layout includes private offices, a conference room, kitchen, reception area, and bath facilities.
Where is this office units located?
The property is located at 322 Courthouse Road Gulfport, MS.
What are key features of this property?
This property features: Approximately 2,600 square feet of renovated office space; Five private offices plus a spacious conference room; Full kitchen and break room included
