Gulfport Mixed-Use Investment
For Sale
$1,800,000
5437 29TH Ave S, Gulfport, FL 33707
Mixed-use building in Gulfport Art's District near waterfront.
Property Size5,252 SF
Days on Market166
Property Features for 5437 29TH Ave S
General Information
Standard status
Active
Size
5,252 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$8,323
Building Details
Building Size
5,252 SF
Year Built
1940
Stories
1
Listing Agency:
CHARLES RUTENBERG REALTY INC
Listed By:
Gregory Graham · License #3481347
(727) 698-9017
Source:
Elliman
Added: Apr 24
Changed: Sep 28
Last Checked: Oct 5 at 6:46PM
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 CHARLES RUTENBERG REALTY INC
Investment Insights
Based on property information with market context.
Located in the Gulfport Art's District, this mixed-use building is positioned near the waterfront, which features bars, restaurants, shops, and boutiques. The property is also in close proximity to the Gulfport beach and pier. The building includes two one-bedroom, one-bath apartments and four individual workshop/studios. It can be used for commercial or residential purposes. The surrounding businesses generate foot traffic throughout the year. The location has a walk score of 70, indicating it is very walkable, a bike score of 50, indicating it is bikeable, and a transit score of 30, indicating some transit options are available. The property was never flooded.
Key Highlights
- Prime Gulfport Art's District location near waterfront bars, restaurants, shops, and boutiques.
- Mixed‑use building suitable for commercial and/or residential purposes.
- Two 1‑bedroom, 1‑bath apartments and four individual workshop/studios included.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,230
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,304,600
$1.3M
Cap Rate 7%
$931,857
$931.9K
Cap Rate 9%
$724,778
$724.8K
Market Conditions
NOI Build-Up for 5,252 SF
Gross rent
$113.4K $21.60/SF
− Vacancy
−$9.1K −$1.73/SF
EGI
$104.4K $19.87/SF
− OpEx
−$39.1K −$7.45/SF
NOI
$65.2K $12.42/SF
Area
Pinellas County, FL
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,304,600
Cap Rate 7%
$931,857
Cap Rate 9%
$724,778
Alternative Uses
Best Use
Mixed Use
$931.9K
$815.4K – $1.09M
NOI $65,230 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.37M
$1.20M – $1.59M
NOI $95,626 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
736
Businesses Nearby
Explore this area
Business Placement
Demographics for 33707, FL
24,646
Population
16,579
Households
1.5
Avg Household Size
58
Median Age
40%
College-Educated
95%
High-School Grad
5.3 sq mi
ZIP Area
4,650
Density / Sq Mi
$68,560
Median Household Income
$45,513
Median Earnings
$1,512
Median Rent
$344,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building in Gulfport Art's District near waterfront.
Where is this mixed-use property located?
The property is located at 5437 29TH Ave S Gulfport, FL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Prime Gulfport Art's District location near waterfront bars, restaurants, shops, and boutiques.; Mixed‑use building suitable for commercial and/or residential purposes.; Two 1‑bedroom, 1‑bath apartments and four individual workshop/studios included.**
