Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Highway 605 john ross road Gulfport, MS 39503
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Highway 605 john ross road Gulfport, MS 39503

    View on Map
    • Land
    For Sale
    $4,200,000
    View Listing →
    1 - 16 Acres Prime Development Land For Sale in Gulfport, MS For Sale
    $4,200,000
    682,004 SF

    1 - 16 Acres Prime Development Land For Sale in Gulfport, MS

    1 - 16 Acres Prime Development Land For Sale in Gulfport, MS

    Highway 605 john ross road, Gulfport, MS 39503
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for Highway 605 john ross road

    Property type
    Land
    Property subtype
    Commercial land

    Description

    Located at the busy intersection of Highway 605 and John Ross Road, Gulfport Highlands is suitable for retail, restaurant, medical or office use. The ±30.5 AC development is well positioned in a high-growth corridor of Harrison County, less than one mile from I-10. The out parcels along Highway 605 are zoned B2, and provide excellent visibility for QSRs, retail or office users. The rear acreage is zoned RB - Residential Business, and would meet the needs of any office or medical user. Gulfport Highlands is located in the Qualified Opportunity Zone, and is also eligible for New Market Tax Credits and Health Care Industry Zone Incentives. SELLER WILL CONSIDER AN ALL OR PART SALE.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Gulfport
    County
    State
    Mississippi
    Longitude
    -89.0271
    Latitude
    30.4564

    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

      22369 Mercedes Rd

      Land
      22369 Mercedes Rd, Gulfport, MS 39503
      View Details
    • Value Estimation by Request
      9.30 Acres

      14504 Klein Rd

      Multifamily properties • 9.30 Acres
      14504 Klein Rd, Gulfport, MS 39503
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Gulfport Oasis: 4.86 Acres

      4.86 acres of greenery near I-10, shopping, and restaurants.
      20593 Robinson Rd, Gulfport, MS 39503
      View Details
    • New
      Contact for pricing
      Pending

      Land in Gulfport, Mississippi

      Two acre land parcel on a private dead-end road.
      Mcdaniel Ln, Gulfport, MS 39503
      View Details
    • $179,000
      14.70 Acres

      Cleared Land with Pond

      14.7 acres of mostly cleared land with a pond.
      14417 Mcdaniel Ln, Gulfport, MS 39503
      View Details
    • $875,500
      10.00 Acres

      Gulfport I-10 Commercial Land

      10 Acres, I-10 Frontage, Premium Location
      0 I-10, Gulfport, MS 39503
      View Details
    • $1,206,500
      2.05 Acres

      Gulfport Commercial Land Opportunity

      2.05 Acres, Prime Location, Shovel-Ready
      0 Landon Rd, Gulfport, MS 39503
      View Details
    • Contact for pricing
      827,640 SF

      Residential Business Zoned Land

      18-acre wooded tract suitable for various development projects.
      11111 Harrison County, Gulfport, MS 39503
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office and Flex Space Available

      Flex space and office units available near I-10.
      15005 Fastway Ln, Gulfport, MS 39503
      View Details
    • $33 SF/Yr
      1,724 SF

      Retail Space in Crossroads Center

      Retail space available in high-traffic Gulfport power center.
      15208 Crossroads Pkwy, 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
    • 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
    View Listing
    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.
    Highway 605 john ross road
    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!