Boat Storage
For Sale
$438,200
4002 Adams Ave, Gulfport, MS 39507
B-2-zoned storage property with established occupancy and access to Gulfport’s major transportation routes.
Property Size7,825 SF
Price / SF$56
Days on Market279
Property Features for 4002 Adams Ave
General Information
Standard status
Active
Size
7,825 SF
Property subtype
Industrial
Zoning
B-2
Listing Agency:
Southeast Commercial of MS, LLC
(228) 276-2700
Listed By:
Monte Luffey · License #13267
(228) 276-2700
Source:
Lacdb.resimplifi
Added: Nov 25, 2025
Changed: Aug 30
Last Checked: Aug 30 at 1:13PM
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 Southeast Commercial of MS, LLC
Investment Insights
Based on property information with market context.
This B-2-zoned self-storage facility in Gulfport contains approximately 7,825 square feet and accommodates about 15 boat storage spaces. Almost all spaces are currently leased, providing an established occupancy profile for the property.
The facility is located on Adams Ave with convenient access to Highway 49, Interstate 10, and the Seaway Road industrial corridor. Its configuration and existing boat-storage use support continued operation as a specialized storage property.
The facility is located on Adams Ave with convenient access to Highway 49, Interstate 10, and the Seaway Road industrial corridor. Its configuration and existing boat-storage use support continued operation as a specialized storage property.
Key Highlights
- Approximately 7,825 SF self‑storage facility
- About 15 boat storage spots
- Almost all boat storage spots are leased
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
$39,093
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
8.92%
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%
$781,860
$781.9K
Cap Rate 7%
$558,471
$558.5K
Cap Rate 9%
$434,367
$434.4K
Market Conditions
NOI Build-Up for 7,825 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
$61.0K $7.80/SF
− Vacancy
−$5.2K −$0.66/SF
EGI
$55.8K $7.14/SF
− OpEx
−$16.8K −$2.14/SF
NOI
$39.1K $5.00/SF
Area
Harrison County, MS
Vacancy
8.50%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
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%
$781,860
Cap Rate 7%
$558,471
Cap Rate 9%
$434,367
Alternative Uses
Best Use
Warehouse
$756.9K
$662.3K – $883.1K
NOI $52,984 @ 7.0% cap · market cap 12.09%
Second Best
Self Storage
$750.3K
$656.5K – $875.4K
NOI $52,521 @ 7.0% cap · market cap 11.99%
Theoretical Best
Healthcare Medical
$1.26M
$1.10M – $1.47M
NOI $88,243 @ 7.0% cap · market cap 20.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
254
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 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?
Self storage facility - B-2-zoned storage property with established occupancy and access to Gulfport’s major transportation routes.
Where is this self storage facility located?
The property is located at 4002 Adams Ave Gulfport, MS.
What is the asking price?
The asking price for this property is $438,200.
What are key features of this property?
This property features: Approximately 7,825 SF self‑storage facility; About 15 boat storage spots; Almost all boat storage spots are leased
