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    12449 Us 49 Gulfport, MS 39503

    • Retail properties
    • 20,000 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 12449 Us 49

    Year built
    2010
    Property size
    20,000 SF
    Property type
    Retail properties
    Property subtype
    Restaurants

    Description

    Grand Oak Plaza, located at 12449 US 49 in Gulfport, Mississippi, offers 20,000 square feet of prime commercial space in a single-story, Class B building constructed in 2010. This versatile property is zoned for commercial use and features multiple suites, ideal for a variety of businesses. Currently, a large, 3,347-square-foot anchor suite is immediately available, offering excellent visibility from US 49. This space boasts all-glass fronts, restrooms, and in one area, a built-out office space with a window overlooking the main area. The suite can be divided into two smaller, 1,656-square-foot spaces to accommodate different needs. The entire property benefits from polished concrete floors and fresh paint. The property is locally managed and maintained, and the parking lot was recently repaved in 2024. Net leases are available with a minimum term of five years. The landlord is responsible for roof and structural maintenance. This property is situated in Harrison County, offering easy access to major transportation routes and a thriving local market. The minimum divisible space is 1,656 square feet, with a maximum contiguous space of 3,347 square feet. The building comprises 11 total suites. This presents a unique opportunity for businesses seeking flexible and well-maintained office space in a high-traffic location.

    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
    -89.1028
    Latitude
    30.4689

    Comparable in this City

    • Value Estimation by Request
      10,908 SF

      11022 Us 49

      Restaurants • 10,908 SF
      11022 Us 49, Gulfport, MS 39503
      View Details
    • Value Estimation by Request
      2,305 SF

      12387 Us 49

      Restaurants • 2,305 SF
      12387 Us 49, Gulfport, MS 39503
      View Details
    • Value Estimation by Request
      1.58 Acres

      Creosote Rd

      Land • 1.58 Acres
      0 Creosote Rd, Gulfport, MS 39503
      View Details
    • Value Estimation by Request
      2,808 SF

      9347 Hwy 49

      BAKERY • 2,808 SF
      9347 Hwy 49, Gulfport, MS 39503-4212
      View Details
    • Value Estimation by Request
      1,094 SF

      12342 Ashley Dr, Unit 5

      MEDICAL BUILDING • 1,094 SF
      12342 Ashley Dr, Gulfport, MS 39503-2953
      View Details
    • Value Estimation by Request
      1,770 SF

      15037 Dedeaux Rd

      MEDICAL BUILDING • 1,770 SF
      15037 Dedeaux Rd, Gulfport, MS 39503-3284
      View Details

    Similar Nearby for Sale

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    • New
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    Similar Nearby for Lease

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    • $7 SF/Yr
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      Gulfport Retail Center Opportunity

      High-traffic retail space, 11,000 sq ft
      12100 Highway 49, Gulfport, MS 39503
      View Details
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    12449 Us 49
    Gulfport, MS 39503
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    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
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