Building Details

Year Built 2006

Listed By: Terry Show Phone

Added: Oct 27, 2025 Changed: Sep 10

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Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,481

Cap Rate

7.57%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$269,620 $269.6K

Cap Rate 7%

$192,586 $192.6K

Cap Rate 9%

$149,789 $149.8K

Market Conditions

NOI Build-Up for 2,142 SF

Gross rent

$20.8K $9.72/SF

− Vacancy

−$1.6K −$0.73/SF

EGI

$19.3K $8.99/SF

− OpEx

−$5.8K −$2.70/SF

NOI

$13.5K $6.29/SF

Area

Harrison County, MS

Vacancy

7.50%

Lease Rate

$9.72 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$269,620

Cap Rate 7%

$192,586

Cap Rate 9%

$149,789

Alternative Uses

Best Use

Multifamily LT 5

$192.6K

$168.5K – $224.7K (±1% cap)

NOI $13,481 @ 7.0% cap · market cap 7.57%

Second Best

Apartment 5plus

$171.1K

$149.7K – $199.7K (±1% cap)

NOI $11,979 @ 7.0% cap · market cap 6.72%

Theoretical Best

Healthcare Medical

$345.1K

$301.9K – $402.6K (±1% cap)

NOI $24,155 @ 7.0% cap · market cap 13.55%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Cafe & Coffee Shop Computer & Electronic Repair Daycare Center Bakery Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

578

Businesses Nearby

Explore this area Business Placement

Demographics for 39507, MS

17,724

Population

9,032

Households

2

Avg Household Size

42

Median Age

29%

College-Educated

91%

High-School Grad

8.2 sq mi

ZIP Area

2,161

Density / Sq Mi

$49,459

Median Household Income

$37,660

Median Earnings

$1,121

Median Rent

$220,600

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Duplex - Two-unit layout includes one occupied side and one vacant side requiring repairs.

Where is this duplex located?

The property is located at 903 Parkview Pl Unit lot A & B Gulfport, MS.

What is the asking price?

The asking price for this property is $178,200.