4700 Old Pass Rd, Gulfport, MS 39501
This exceptional 3.13-acre parcel, located at 4700 Old Pass Road in Gulfport, Mississippi, presents a unique opportunity for multi-family development. The property consists of five contiguous parcels (0711K-04-039.001, 0711K-04-038.000, 0711K-04-039.000, 0711K-04-041.003, and 0711K-04-041.000) situated off Old Pass Road near Broad Avenue. This prime location offers convenient access to essential amenities, including the nearby Keesler Air Force Base and a hospital. The land is serviced by city water and sewer, and existing streets provide excellent infrastructure for development. Its proximity to the base and hospital makes it an ideal location for an apartment complex, catering to a high demand for housing in this area. The asking price for this exceptional development opportunity is $262,500. This is a rare chance to acquire a sizable, well-located parcel ready for immediate development. Don't miss this chance to build your next successful multi-family project.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.