Freestanding Restaurant
For Sale
$139,900
4204 15th St, Gulfport, MS 39501
Former restaurant with dining areas, service spaces, and a commercial kitchen suitable for food-service operations.
Property Size755 SF
Price / SF$185.30
Days on Market96
Property Features for 4204 15th St
General Information
Standard status
Active
Size
755 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
1984
Listing Agency:
eAgent Nexus
Listed By:
Keri Burke · License #S50542
(228) 382-0680
Source:
Fiorellaavenue
Added: Jul 12
Changed: Oct 7
Last Checked: Oct 7 at 4:25PM
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 eAgent Nexus
Investment Insights
Based on property information with market context.
This freestanding conventional restaurant building in Gulfport was constructed in 1984 and retains a food-service layout with open dining areas, service spaces, and a commercial kitchen. The kitchen includes commercial-grade appliances and a Sub-Zero refrigerator. The prior restaurant configuration may support continued restaurant, bakery, or other food-service use, subject to verification of zoning and permitted uses.
The property is located at 4204 15th St near Memorial Hospital at Gulfport, with access to U.S. Highway 49, 15th Street, and surrounding business districts. The surrounding area includes established businesses, medical offices, retail centers, and service providers.
The property is located at 4204 15th St near Memorial Hospital at Gulfport, with access to U.S. Highway 49, 15th Street, and surrounding business districts. The surrounding area includes established businesses, medical offices, retail centers, and service providers.
Key Highlights
- Freestanding restaurant building constructed in 1984
- Existing layout includes open dining areas, service spaces, and a commercial kitchen
- Kitchen retains commercial‑grade appliances and a Sub‑Zero refrigerator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,423
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$168,460
$168.5K
Cap Rate 7%
$120,329
$120.3K
Cap Rate 9%
$93,589
$93.6K
Market Conditions
NOI Build-Up for 755 SF
Gross rent
$12.0K $15.96/SF
− Vacancy
−$819 −$1.09/SF
EGI
$11.2K $14.87/SF
− OpEx
−$2.8K −$3.72/SF
NOI
$8.4K $11.16/SF
Area
Harrison County, MS
Vacancy
6.80%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$168,460
Cap Rate 7%
$120,329
Cap Rate 9%
$93,589
Alternative Uses
Best Use
Specialty Retail
$120.3K
$105.3K – $140.4K
NOI $8,423 @ 7.0% cap · market cap 6.02%
Second Best
Industrial
$53.9K
$47.2K – $62.9K
NOI $3,772 @ 7.0% cap · market cap 2.70%
Theoretical Best
Healthcare Medical
$121.6K
$106.4K – $141.9K
NOI $8,514 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
975
Businesses Nearby
7k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
5,580 visits/mo
0.4 miles
Whitney Bank
Shops & Services
1,806 visits/mo
0.4 miles
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- The Buffet — 3300 W Beach Blvd, Gulfport, MS 39501
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Former restaurant with dining areas, service spaces, and a commercial kitchen suitable for food-service operations.
Where is this conventional restaurant located?
The property is located at 4204 15th St Gulfport, MS.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: Freestanding restaurant building constructed in 1984; Existing layout includes open dining areas, service spaces, and a commercial kitchen; Kitchen retains commercial‑grade appliances and a Sub‑Zero refrigerator
