Restaurant Building with Commercial
For Sale
$139,900
4204 15th Street, Gulfport, MS 39501
Commercial Sale, Gulfport, MS
Property Size755 SF
Lot Size0.12 Acres
Price / SF$185.30
Days on Market128
Property Features for 4204 15th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Level, Level
Standard status
Active
APN
0711g-02-015.001
Size
755 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
W 80 FT OF S 17 FT OF LOT 11 & W 80 FT OF LOT 12 BLK 30 JONESTOWN MCCAUGHAN ADD SEC 5-8-11
Tax Annual Amount
1430
Legal Description
W 80 FT OF S 17 FT OF LOT 11 & W 80 FT OF LOT 12 BLK 30 JONESTOWN MCCAUGHAN ADD SEC 5-8-11
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1984
Floors in Building
1
Flooring type
Tile - Ceramic
Listing Agency:
eAgent Nexus
(228) 400-2555
Listed By:
Keri Burke · License #S50542
(228) 382-0680
Added: Jun 10
Changed: Oct 8
Last Checked: Oct 15 at 10:06AM
MLS# 4152242
Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 755-square-foot restaurant property occupies a 0.12-acre parcel and was built in 1984. Its interior includes dining and service areas, plus a kitchen with commercial-grade appliances and a Sub-Zero refrigerator. Ceramic tile flooring, central electric heating and cooling, public water, and public sewer are also present.
The property is at 4204 15th Street in Gulfport, near Memorial Hospital at Gulfport. U.S. Highway 49 and 15th Street are among the nearby routes. The building previously operated as a restaurant.
The property is at 4204 15th Street in Gulfport, near Memorial Hospital at Gulfport. U.S. Highway 49 and 15th Street are among the nearby routes. The building previously operated as a restaurant.
Key Highlights
- 755‑square‑foot building on a 0.12‑acre parcel
- Existing dining areas, service spaces, and a commercial kitchen
- Kitchen includes 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
Property Analytics
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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
Check the figures for this property
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 - Dining and service areas accompany a kitchen equipped with commercial appliances and a Sub-Zero refrigerator.
Where is this conventional restaurant located?
The property is located at 4204 15th Street 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: 755‑square‑foot building on a 0.12‑acre parcel; Existing dining areas, service spaces, and a commercial kitchen; Kitchen includes commercial‑grade appliances and a Sub‑Zero refrigerator
