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    1225 34Th St, Unit Gulfport Gulfport, MS 39501

    • Grocery and convenience stores
    • 3,362 SF
    For Sale
    View listing
    $220,000
    Last Sale
    Jun 02, 2025
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0401297
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Cajun Food Mart / Restaurant

    Property Details for 1225 34Th St

    Year built
    1965
    Property size
    3,362 SF
    Property type
    Grocery and convenience stores
    APN
    0810P-01-109.000
    APU
    0810P01109000

    Description

    This exceptional Gulfport retail property at 1225 34th Street presents a unique investment opportunity. The 3,362 square foot building, constructed in 1965, sits on a 0.4-acre lot and is currently operating as a successful convenience store with a fully equipped kitchen serving daily lunches. The business operates six days a week and benefits from its prime location near Highway 49 and Interstate 10, ensuring high visibility and accessibility. The asking price is $225,000, translating to $66.92 per square foot. The single-story building is situated in a high-traffic area with nearby businesses including a Walmart Supercenter and Lowe's Home Improvement, guaranteeing a consistent flow of potential customers. This sale includes both the established business and the building itself, offering a seamless transition for the new owner. The property's strong performance and strategic location make it an ideal investment for those seeking a turnkey operation with significant growth potential in a bustling Mississippi market. The zip code is 39501, and the property is located in Harrison County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Gulfport
    County
    Harrison
    State
    Mississippi
    Longitude
    -89.0774
    Latitude
    30.3911
    CBSA code
    25060
    CBSA name
    GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,634
    $0.00
    $0.00
    $19,471
    -
    $17,250
    $112,550
    $129,800

    Comparable in this City

    • Value Estimation by Request
      2,381 SF

      1103 Pass Rd

      CONVENIENCE STORE • 2,381 SF
      1103 Pass Rd, Gulfport, MS 39501-6231
      View Details
    • Value Estimation by Request
      9,450 SF

      2803 28th St

      CONVENIENCE STORE • 9,450 SF
      2803 28th St, Gulfport, MS 39501
      View Details
    • Value Estimation by Request
      22,591 SF

      1225 Pass Rd

      GROCERY, SUPERMARKET • 22,591 SF
      1225 Pass Rd, Gulfport, MS 39501-6232
      View Details
    • Value Estimation by Request
      7,507 SF

      1268 28th St

      CONVENIENCE STORE • 7,507 SF
      1268 28th St, Gulfport, MS 39501-6205
      View Details
    • Value Estimation by Request
      2,000 SF

      4408 Railroad St

      CONVENIENCE STORE • 2,000 SF
      4408 Railroad St, Gulfport, MS 39501-2476
      View Details
    • Value Estimation by Request
      5,833 SF

      1265 28th St

      CONVENIENCE STORE • 5,833 SF
      1265 28th St, Gulfport, MS 39501-6203
      View Details

    Similar Nearby for Sale

    • $220,000
      3 SF

      Restaurant/Convenience Store on 34th Street

      3,362 SqFt restaurant/convenience store on well-traveled 34th St in Gulfport.
      1225 34Th St, Gulfport, MS 39501
      View Details
    • $140,000

      Commercial Building Near Pass Road

      Three-unit commercial building in Gulfport, ideal for investors or entrepreneurs.
      1417 28Th St, Gulfport, MS 39501
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    • $1,500,000
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      Gulfport Storefront - $1.5M

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      1720 Pass Rd, Gulfport, MS 39501
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    • $1,300,000
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      Gulfport Mixed-Use Retail Opportunity

      Versatile 14,000+ sq ft property near beaches and downtown.
      1720 Pass Rd, Gulfport, MS 39501
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    • $199,000
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      Downtown Gulfport Commercial Property

      Commercial property in downtown Gulfport with high visibility and foot traffic.
      1623 25Th Ave, Gulfport, MS 39501
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    • $1,200,000
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      Downtown Gulfport Commercial Building

      Prime commercial property suitable for retail, services, entertainment, manufacturing.
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    Similar Nearby for Lease

    • Contact for pricing
      2,100 SF

      Prime Retail Space in Gulfport

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      1315 25Th Ave, Gulfport, MS 39501
      View Details
    • Contact for pricing
      1,280 SF

      Retail Space on Highway 49

      Retail space for lease on a busy highway.
      15520 Daniel Blvd, Gulfport, MS 39501
      View Details
    • New
      $5,000 /Mo
      2,157 SF

      Downtown Gulfport Restaurant Opportunity

      Prime location in historic downtown Gulfport with buildout options.
      1423 25Th Ave, Gulfport, MS 39501
      View Details
    • $8 SF/Yr
      4,800 SF

      Highway 49 Retail & Restaurant Space

      Prime Retail/Restaurant Opportunity on Highway 49
      1723 25Th Ave, Gulfport, MS 39501
      View Details
    • $13 SF/Yr
      2,800 SF

      Gulfport Office Space For Lease

      2800 sq ft Office/Retail Space in MS
      1224 Pass Rd, Gulfport, MS 39501
      View Details
    • $3,400 /Mo

      Retail/Office Space Near Hospital

      3,020 SqFt retail/office space near Gulfport Memorial Hospital.
      1120 Broad Ave, Gulfport, MS 39501
      View Details
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    Gulfport, MS 39501
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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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