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

    Us 49 Gulfport, MS 39503

    • Land
    • 3.90 lot acres
    For Sale
    View listing
    $2,378,376
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Us 49

    Lot size
    3.90 lot acres
    Property type
    Land

    Description

    This exceptional commercial land offering encompasses 3.9 acres of prime real estate situated on Highway 49 in Gulfport, Mississippi. The property, identified by APN numbers 0808E-04-004.003 and 0808E-04-004.000, is zoned B4 (Highway Business District), providing flexibility for a diverse range of commercial developments. Importantly, these two parcels, each approximately two acres, are fully prepared for immediate construction. A wetland permit is already in place, streamlining the development process and minimizing potential delays. The location boasts exceptional visibility and accessibility, benefiting from an impressive average daily traffic count of 44,000 vehicles. This high-traffic area is further enhanced by the proximity of established national retailers such as Walmart, Food Giant, McDonald's, and Wendy's, creating a strong commercial environment. The asking price for this ready-to-build opportunity is $2,378,376. This property presents a compelling investment prospect for developers seeking a strategic location with minimal pre-development hurdles. The property's address is US 49, Gulfport, MS 39503, within Harrison County.

    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
    -89.1013
    Latitude
    30.4609

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      Old Lorraine Rd

      Land • 1.00 Acre
      0 Old Lorraine Rd, Gulfport, MS 39503
      View Details
    • Value Estimation by Request
      3.09 Acres

      3 Three Rivers Rd

      Land • 3.09 Acres
      3 Three Rivers Rd, Gulfport, MS 39503
      View Details
    • Value Estimation by Request
      2,025 SF

      12100 708

      Land • 2,025 SF
      12100 708, Gulfport, MS 39503
      View Details
    • Value Estimation by Request
      6.40 Acres

      John Clark Rd

      Farms • 6.40 Acres
      0 John Clark Rd, Gulfport, MS 39503
      View Details
    • Value Estimation by Request
      3.40 Acres

      Lorraine Rd

      Land • 3.40 Acres
      0 Lorraine Rd, Gulfport, MS 39503
      View Details
    • Value Estimation by Request
      10.00 Acres

      I-10

      Land • 10.00 Acres
      0 I-10, Gulfport, MS 39503
      View Details

    Similar Nearby for Sale

    • $170,000
      3.00 Acres

      Gulfport Residential Land - 3 Acres

      Prime 3-acre residential lot, Canal Rd.
      0 Canal Rd, Gulfport, MS 39503
      View Details
    • $1,500,000
      9.30 Acres

      Gulfport Development Land - 9 Acres

      Prime MS multifamily development site. Near hospitals & shopping.
      14504 Klein Rd, Gulfport, MS 39503
      View Details
    • $3,216,000
      130.00 Acres

      Gulfport Commercial Land - 130 Acres

      Prime Development Land, 268 Lots, Ready to Build
      0 Old Highway 49, Gulfport, MS 39503
      View Details
    • $465,000
      1.00 Acre

      Gulfport Commercial Lot - High Visibility

      Prime Gulfport commercial lot, high traffic area.
      1 Old Lorraine Rd, Gulfport, MS 39503
      View Details
    • $32,000
      0.42 Acres

      Waterfront Wooded Lots in Gulfport

      Waterfront and wooded lots on Fritz Creek, near entertainment.
      Creek Dr, Gulfport, MS 39503
      View Details
    • $550,000
      1.80 Acres

      Gulfport Commercial Land - Hwy 49

      Prime 1.8-acre commercial lot. High-traffic location.
      15200 Us 49, Gulfport, MS 39503
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      4,452 SF

      Gulfport Retail Space - Hwy 49

      Prime Retail Space, Hwy 49, Gulfport
      12100 Highway 49, Gulfport, MS 39503
      View Details
    • $11 SF/Yr
      1,792 SF

      Gulfport Retail Property - Hwy 49

      High-traffic retail space, prime location.
      12100 Highway 49, Gulfport, MS 39503
      View Details
    • $7 SF/Yr
      11,000 SF

      Gulfport Retail Center Opportunity

      High-traffic retail space, 11,000 sq ft
      12100 Highway 49, Gulfport, MS 39503
      View Details
    • $12 SF/Yr
      2,025 SF

      Gulfport Retail Space - Hwy 49

      Prime Retail Space, Hwy 49, Gulfport
      12100 708, Gulfport, MS 39503
      View Details
    • $10 SF/Yr
      1,250 SF

      Gulfport Retail Property - Hwy 49

      High-traffic retail space, prime location.
      12100 Highway 49, 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
    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.
    Us 49
    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!