Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    15082-15280 Crossroads Pkwy Gulfport, MS 39503
    Back to Search
    Property profile & analytics

    15082-15280 Crossroads Pkwy Gulfport, MS 39503

    View on Map
    • Lifestyle centers
    • 591,222 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 15082-15280 Crossroads Pkwy

    Year built
    1999
    Property size
    591,222 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This Class A, 591,222 square foot power center, located at 15082-15280 Crossroads Pkwy, Gulfport, MS 39503, presents a unique investment opportunity. Built in 1999, the single-story building sits on an 85.36-acre lot and boasts a prime location at the intersection of Interstate 10 and US-49 (Cross Street: US-49). The property is zoned B-4 and features ample surface parking. Currently, there are five available spaces ranging from 1,217 to 21,413 contiguous square feet, with a total of 9,053 square feet currently vacant. The center is home to over 50 national and regional tenants, serving the Gulfport area and beyond. This high-traffic location benefits from the Mississippi Gulf Coast's thriving tourism industry, including popular beaches, twelve casinos, an international airport, and Keesler Air Force Base, which employs approximately 10,600 military and civilian personnel. The property's APN is 0809C-01-002.006. No elevators are present. This is an exceptional opportunity to establish a presence in a dynamic and high-demand retail market.

    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
    -89.0914
    Latitude
    30.4386

    Comparable in this City

    • Value Estimation by Request
      18,636 SF

      11370 Us 49

      Neighborhood centers • 18,636 SF
      11370 Us 49, Gulfport, MS 39503
      View Details
    • Value Estimation by Request
      14,242 SF

      15393 Landon Rd

      SHOPPING CENTER, STRIP CENTER • 14,242 SF
      15393 Landon Rd, Gulfport, MS 39503-4127
      View Details
    • Value Estimation by Request
      6,050 SF

      11382 3rd Rivers Rd

      SHOPPING CENTER, STRIP CENTER • 6,050 SF
      11382 3rd Rivers Rd, Gulfport, MS 39503-3856
      View Details
    • Value Estimation by Request
      16,156 SF

      14321 Dedeaux Rd

      SHOPPING CENTER, STRIP CENTER • 16,156 SF
      14321 Dedeaux Rd, Gulfport, MS 39503-3698
      View Details
    • Value Estimation by Request
      8,085 SF

      13341 Dedeaux Rd

      SHOPPING CENTER, STRIP CENTER • 8,085 SF
      13341 Dedeaux Rd, Gulfport, MS 39503-4510
      View Details
    • Value Estimation by Request
      10,478 SF

      Hwy 49

      SHOPPING CENTER, STRIP CENTER • 10,478 SF
      Hwy 49, Gulfport, MS 39503
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,200 SF

      Highway 49 Commercial Property

      Highway 49 property near Harrison County High School.
      16005 Highway 49, Gulfport, MS 39503
      View Details
    • $960,000
      8,647 SF

      Highway 49 Commercial Land

      High-traffic location suitable for redevelopment, repositioning, or owner-user occupancy.
      11487 Highway 49, Gulfport, MS 39503
      View Details
    • $849,750

      Retail Space Near Gulfport Outlets

      Climate-controlled retail building near I-10 and Highway 49.
      15240 Creosote Rd, Gulfport, MS 39503
      View Details
    • $430,000
      3,500 SF

      Renovated Commercial Building in Gulfport

      Move-in ready commercial building with expansion potential in high-traffic area.
      12473 Dedeaux Rd, Gulfport, MS 39503
      View Details
    • $6,950,000

      New Construction NNN Lease Property

      New construction NNN lease near airport and industrial hub.
      11515 Northpark Dr, Gulfport, MS 39503
      View Details
    • $2,170,000
      6,350 SF

      Retail Property in Gulfport, MS

      Leasehold interest sale, fully occupied retail property.
      10573 Highway 49 N, Gulfport, MS 39503
      View Details

    Similar Nearby for Lease

    • $33 SF/Yr
      1,217 SF

      Retail Space in Crossroads Center

      Retail space available in high-traffic Gulfport power center.
      15208 Crossroads Pkwy, Gulfport, MS 39503
      View Details
    • Contact for pricing
      12,125 SF

      Retail Space Near Walmart

      Retail space anchored by Walmart with ample parking.
      9350 Us 49, Gulfport, MS 39503
      View Details
    • Contact for pricing
      1,440 SF

      Retail Space on Highway 49

      Retail space for lease on a busy highway.
      15520 Daniel Blvd, Gulfport, MS 39503
      View Details
    • $28 SF/Yr
      2,950 SF

      Retail Space in Gulfport Center

      Retail space available for lease in Gulfport, MS.
      15230 W Creosote Rd, Gulfport, MS 39503
      View Details
    • $18 SF/Yr

      Retail Space in Crossroads Center

      Retail spaces available in a large Gulfport power center.
      15082-15280 Crossroads Pkwy, Gulfport, MS 39503
      View Details
    • $18 SF/Yr

      Retail Space Behind Super-Walmart

      Retail space for rent behind the Highway 49 Super-Walmart.
      9344 Three Rivers 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.
    15082-15280 Crossroads Pkwy
    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

    Thank You for Inquiry
    15082-15280 Crossroads Pkwy, Gulfport, MS, 39503
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!