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    5702 GULFPORT Blvd S 2 Gulfport, FL 33707

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    For Lease
    $17,400 /Mo

    Retail space available in a busy Gulfport commercial plaza.

    Type:Commercial
    Property size:
    800 SF
    Added:
    Apr 24, 2026
    Days on Market:
    5
    Last Refresh:
    Apr 24 at 6:00 pm

    Property Features for 5702 GULFPORT Blvd S 2

    General Information

    Standard status
    Active
    Size
    800 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1977

    We can help!

    Listing Contact
    Jody Sepulveda
    Jody Sepulveda

    Listing agent Jody Sepulveda License #3191079

    Listing office

    Listing date Apr 24, 2026

    Source Elliman

    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 Jody Sepulveda

    Overview

    Retail Space in Gecko Plaza

    Located in Gecko Plaza, this commercial space is one of six units in a retail strip. The plaza is situated on the interstate feeder of Gulfport Boulevard South, a busy thoroughfare with various businesses including a bank, retail stores, fast food restaurants, and a Walgreens. The available unit features approximately 800+ heated square feet, including a large lobby area and a private reception room. It also contains two office/service rooms, an open back workspace, a private kitchenette area, a private bathroom, and a large closet in the back. Existing businesses in Gecko Plaza include a massage therapist, title company, aquarium shop, barbershop, and health & wellness services. The zoning is CL-1. The owner is seeking a 3-year lease, a $3,000 security deposit, and commercial sales tax if required. Tenants may decorate or build to suit with written approval and are responsible for verifying city licensing requirements, city permitting, renovations, utilities, repairs, A/C, glass, signage, and liability insurance. Tenants are also responsible for verifying all room measurements and approval of all lease documents. The bike score is 60, indicating it is bikeable, and the walk score is 67, indicating it is somewhat walkable.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gulfport
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7108634
    Latitude
    27.7479141

    Nearby Similar for Lease

    • $35,400 SF/Yr

      Commercial Building on Gulfport Boulevard

      Free-standing building with large lot and frontage on Gulfport Blvd.
      5145 Gulfport Blvd S, GULFPORT, FL, 33707-4943
      View Details
    • $37 SF/Yr

      Prime Gulfport Retail Opportunity

      Retail space with outdoor patio in vibrant Gulfport location.
      3062 Beach Blvd S, Gulfport, FL
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available in a busy Gulfport commercial plaza.
    Where is this retail space located?
    The property is located at 5702 GULFPORT Blvd S 2 Gulfport, FL.
    What is the lease rate?
    The lease rate is $17,400 /Mo.
    What are key features of this property?
    This property features: Prime location on the busy Gulfport Blvd interstate feeder, offering high visibility and accessibility.; 800+ sq ft corner unit in an established 6‑unit retail strip with diverse existing businesses.; **Versatile layout including a large lobby, reception room, two office/service rooms, kitchenette, and private bathroom.**
    (727) 515-0134
    We can help!
    Listing Contact
    Jody Sepulveda
    Jody Sepulveda
    Real Estate License ID: 3191079
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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