1712 15th St., Gulfport, MS 39501
Class A office building with Gulf views and development potential.
- Added:
- Aug 21, 2024
- Days on Market:
- 686
- Last Refresh:
- May 13 at 8:20 pm
Property Features for 1712 15th St.
General Information
- Standard status
- Active
- Size
- 30,958 SF
- Property subtype
- Office
Building Details
- Year Built
- 2003
Listing office SRSA Commercial Real Estate (504) 831-2363
Listing date Aug 21, 2024
Source Crexi
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HighLights
- Class A office building with SPECTACULAR Gulf of Mexico views.
- Prime location near Gulfport Courthouses and downtown.
- Opportunity to increase income with Fourth Floor Terrace for rooftop bar/entertainment.
- Abundant on‑site parking with undeveloped land for future development.
- Elevator served building.
- Salutes Italian Restaurant on the ground floor.
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $494.1k | $15.96 |
| − Vacancy | −$33.6k | −$1.09 |
| EGI | $460.5k | $14.87 |
| − OpEx | −$115.1k | −$3.72 |
| NOI | $345.4k | $11.16 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Gulfport
- County
- Harrison
- State
- Mississippi
- Longitude
- -89.0823989
- Latitude
- 30.3697131