Gulfport Mixed-Use Property For
For Sale
$675,000
5617 Gulfport Boulevard S, Gulfport, FL 33707
Versatile property with commercial/residential zoning and income potential.
Property Size1,851 SF
Price / SF$364.67
Days on Market233
Property Features for 5617 Gulfport Boulevard S
General Information
Standard status
Active
Size
1,851 SF
Building Details
Year Built
1954
Listing Agency:
GULFPORT REALTY
Listed By:
Stacey Purcell · License #3218777
(727) 744-0636
Source:
Livewelltampabay
Added: Mar 5
Changed: Oct 4
Last Checked: Oct 7 at 1:12PM
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 GULFPORT REALTY
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Investment Insights
Based on property information with market context.
Located in Gulfport, this property features 4 bedrooms, an office, and 3 bathrooms. It offers road frontage and exposure. Zoned for commercial and residential use, the property allows for mixed-use options, including retail, salon, spa, office, medical office, tattoo parlor, restaurant, daycare, and Airbnb. The front of the property can be used for single-family living or commercial purposes, and it features parking and visibility. The back area contains two 1-bedroom, 1-bathroom Airbnb units, each with its own parking. The property provides the option to establish a business at the front and live in the back, or rent out the back units for income. The building size is 1851 square feet.
Key Highlights
- Zoned for commercial/residential use, offering diverse mixed‑use possibilities.
- Features two separate 1‑bedroom, 1‑bathroom Airbnb units in the back with dedicated parking for income generation.
- Excellent road frontage and high visibility**, ideal for commercial ventures.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,739
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$574,780
$574.8K
Cap Rate 7%
$410,557
$410.6K
Cap Rate 9%
$319,322
$319.3K
Market Conditions
NOI Build-Up for 1,851 SF
Gross rent
$48.2K $26.04/SF
− Vacancy
−$9.9K −$5.34/SF
EGI
$38.3K $20.70/SF
− OpEx
−$9.6K −$5.18/SF
NOI
$28.7K $15.53/SF
Area
Pinellas County, FL
Vacancy
20.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$574,780
Cap Rate 7%
$410,557
Cap Rate 9%
$319,322
Alternative Uses
Best Use
Office B
$410.6K
$359.2K – $479.0K
NOI $28,739 @ 7.0% cap · market cap 4.26%
Second Best
Mixed Use
$328.4K
$287.4K – $383.2K
NOI $22,989 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$481.5K
$421.3K – $561.7K
NOI $33,702 @ 7.0% cap · market cap 4.99%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
815
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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Versatile property with commercial/residential zoning and income potential.
Where is this mixed-use property located?
The property is located at 5617 Gulfport Boulevard S Gulfport, FL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Zoned for commercial/residential use, offering diverse mixed‑use possibilities.; Features **two separate 1‑bedroom, 1‑bathroom Airbnb units** in the back with dedicated parking for income generation.; Excellent road frontage and high visibility**, ideal for commercial ventures.
