Vacant Duplex with
For Sale
$178,200
930 Park View, Gulfport, MS 39507
Two residential units include three bedrooms, two bathrooms, storage, and an under-building carport.
Property Size2,073 SF
Price / SF$85.96
Days on Market25
Property Features for 930 Park View
General Information
Standard status
Active
Size
2,073 SF
Property subtype
Multi-Family
Building Details
Year Built
2006
Listing Agency:
RE/MAX Choice Properties
Listed By:
Terry C Medley · License #B21384
(228) 896-3033
Source:
Fiorellaavenue
Added: Aug 20
Changed: Sep 10
Last Checked: Sep 13 at 12:29PM
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 RE/MAX Choice Properties
Investment Insights
Based on property information with market context.
This vacant duplex at 930 Park View in Gulfport, Mississippi, includes two residential units with three bedrooms and two bathrooms on each side. The property also provides an under-building carport and storage space.
The A side has roof damage and is being sold as-is. The duplex is included in a 28-home package, offering a property-level opportunity within a larger residential portfolio transaction.
The A side has roof damage and is being sold as-is. The duplex is included in a 28-home package, offering a property-level opportunity within a larger residential portfolio transaction.
Key Highlights
- Two units, each with 3 bedrooms and 2 bathrooms
- Under‑building carport with storage space
- Currently vacant
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,047
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$260,940
$260.9K
Cap Rate 7%
$186,386
$186.4K
Cap Rate 9%
$144,967
$145.0K
Market Conditions
NOI Build-Up for 2,073 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$20.1K $9.72/SF
− Vacancy
−$1.5K −$0.73/SF
EGI
$18.6K $8.99/SF
− OpEx
−$5.6K −$2.70/SF
NOI
$13.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$260,940
Cap Rate 7%
$186,386
Cap Rate 9%
$144,967
Alternative Uses
Best Use
Multifamily LT 5
$186.4K
$163.1K – $217.5K
NOI $13,047 @ 7.0% cap · market cap 7.32%
Second Best
Apartment 5plus
$165.6K
$144.9K – $193.2K
NOI $11,593 @ 7.0% cap · market cap 6.51%
Theoretical Best
Healthcare Medical
$334.0K
$292.2K – $389.6K
NOI $23,377 @ 7.0% cap · market cap 13.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
552
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units include three bedrooms, two bathrooms, storage, and an under-building carport.
Where is this duplex located?
The property is located at 930 Park View Gulfport, MS.
What is the asking price?
The asking price for this property is $178,200.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 bathrooms; Under‑building carport with storage space; Currently vacant
