Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    15001 Mills Rd Gulfport, MS 39503

    • Warehouses
    • 7,146 SF
    • 1.30 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 15001 Mills Rd

    Year built
    2000
    Lot size
    1.30 lot acres
    Property size
    7,146 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Gulfport
    County
    Harrison
    State
    Mississippi
    Longitude
    -89.1288
    Latitude
    30.5005

    Comparable in this City

    • Value Estimation by Request
      6,600 SF

      144 Mcarther St

      MINI-WAREHOUSE, STORAGE • 6,600 SF
      144 Mcarther St, Gulfport, MS 39503
      View Details
    • Value Estimation by Request
      2,400 SF

      20498 Landon Rd

      MINI-WAREHOUSE, STORAGE • 2,400 SF
      20498 Landon Rd, Gulfport, MS 39503-8941
      View Details
    • Value Estimation by Request
      3,040 SF

      10357 3rd Rivers Rd

      WAREHOUSE, STORAGE • 3,040 SF
      10357 3rd Rivers Rd, Gulfport, MS 39503-3553
      View Details
    • Value Estimation by Request
      4,288 SF

      10380 3rd Rivers Rd

      WAREHOUSE, STORAGE • 4,288 SF
      10380 3rd Rivers Rd, Gulfport, MS 39503-3517
      View Details
    • Value Estimation by Request
      7,000 SF

      14148 Boyce Rd

      WAREHOUSE, STORAGE • 7,000 SF
      14148 Boyce Rd, Gulfport, MS 39503
      View Details
    • Value Estimation by Request
      2,400 SF

      15063 C C Cp Rd

      WAREHOUSE, STORAGE • 2,400 SF
      15063 C C Cp Rd, Gulfport, MS 39503-7816
      View Details

    Similar Nearby for Sale

    • $1,175,000

      Office Warehouse Facility For Sale

      Office warehouse facility in Gulfport, MS, with climate-controlled storage.
      10278 Corporate Dr, Gulfport, MS 39503
      View Details
    • Contact for pricing

      Office/Warehouse Space For Sale

      7,000 SF office/warehouse with laydown yard and roll-up doors.
      12483 Dedeaux Rd, Gulfport, MS 39503
      View Details
    • $825,000
      Pending

      Versatile Commercial Property in Gulfport

      Adaptable commercial space with offices, warehouse, and ample storage.
      14321 Creosote Rd, Gulfport, MS 39503
      View Details
    • Contact for pricing

      Versatile Industrial/Office Showroom in Gulfport

      12,000 SF property with easy access to major routes.
      21040 County Farm Rd, Gulfport, MS 39503
      View Details
    • Contact for pricing

      Versatile Commercial Facility on Highway 49

      Adaptable commercial property on Highway 49, Gulfport, with income potential.
      14471 Highway 49, Gulfport, MS 39503
      View Details
    • $698,000
      4,666 SF

      Versatile Commercial Investment Property

      Multi-building commercial property with income potential and expansion space.
      15237 Russell Blvd, Gulfport, MS 39503
      View Details

    Similar Nearby for Lease

    • $8,000 /Mo
      9,936 SF

      Gulfport Commercial Property for Lease

      Versatile commercial property with office and warehouse space for lease.
      14321 Creosote Rd, Gulfport, MS 39503
      View Details
    • $13 SF/Yr
      9,950 SF

      High-Visibility Gulfport Retail Pad

      Prime 1,200 SF Retail Space in Gulfport
      15007 Creosote Rd, Gulfport, MS 39503
      View Details
    • $600 /Mo
      100 SF

      Gulfport Office Space For Rent

      Two office spaces available for lease in Gulfport, MS.
      15465 Oaklane Dr, Gulfport, MS 39503
      View Details
    • $10 SF/Yr
      1,400 SF

      Highway 49 Retail Space, Gulfport

      Prime Retail Space, 1,400 sq ft, High Traffic
      12100 Highway 49, Gulfport, MS 39503
      View Details
    • $1,000 /Mo
      297 SF

      New Office Space in Gulfport

      Modern office building with shared amenities and convenient location.
      13334 Seaway Rd, Gulfport, MS 39503
      View Details
    • $650 /Mo
      206 SF

      Modern Office Space in Gulfport

      New office space with shared amenities and convenient location.
      13334 Seaway Rd, Gulfport, MS 39503
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    15001 Mills Rd
    Gulfport, MS 39503
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!