Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1317 24th Ave Gulfport, MS 39501-2062
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1317 24th Ave Gulfport, MS 39501-2062

    View on Map
    • Office properties & Spaces
    • 4,467 SF
    • 0.28 lot acres
    Off-Market
    Property ID
    US50-0251159
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Downtown Gulfport Nutrition / Specialty Food Shop / (Bike/Boat/Book/etc) Store
    • Kaya Life: Medical Marijuana / Alternative Medicine Practice
    • Vision Realty Group / Real Estate Agency
    • America First Trust Mortgage / Loan Service / Bank

    Property Details for 1317 24th Ave

    Year built
    1932
    Lot size
    0.28 lot acres
    Property size
    4,467 SF
    Property type
    Office properties & Spaces
    APN
    0811K-03-032.000
    APU
    0811K03032000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Gulfport
    County
    Harrison
    State
    Mississippi
    Longitude
    -89.0919
    Latitude
    30.3677
    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
    $4,018
    $0.00
    $0.00
    $29,706
    -
    $87,975
    $110,064
    $198,039

    Comparable in this City

    • Value Estimation by Request
      6,296 SF

      2510 16th St

      OFFICE (GENERAL) • 6,296 SF
      2510 16th St, Gulfport, MS 39501-2801
      View Details
    • Value Estimation by Request
      1,850 SF

      2218 18th St

      OFFICE (GENERAL) • 1,850 SF
      2218 18th St, Gulfport, MS 39501-2911
      View Details
    • Value Estimation by Request
      3,598 SF

      2208 18th St

      OFFICE (GENERAL) • 3,598 SF
      2208 18th St, Gulfport, MS 39501-2911
      View Details
    • Value Estimation by Request
      1,550 SF

      2509 19th Ave

      OFFICE (GENERAL) • 1,550 SF
      2509 19th Ave, Gulfport, MS 39501-5151
      View Details
    • Value Estimation by Request
      4,400 SF

      2407 22nd St

      OFFICE (GENERAL) • 4,400 SF
      2407 22nd St, Gulfport, MS 39501-4666
      View Details
    • Value Estimation by Request
      2,138 SF

      2211 24th Ave

      OFFICE (GENERAL) • 2,138 SF
      2211 24th Ave, Gulfport, MS 39501-4604
      View Details

    Similar Nearby for Sale

    • $860,000
      5,243 SF

      Gulfport Medical Office Building

      Renovated Office, Ample Parking, Hwy 90 Access
      1201 31St Ave, Gulfport, MS 39501
      View Details
    • $150,000
      1,960 SF

      Versatile Two-Story Building in Gulfport

      Spacious building suitable for office, church, or apartment redevelopment.
      2526 22Nd Ave, Gulfport, MS 39501
      View Details
    • $380,000
      5,258 SF

      Mixed-Use Building Near MS Aquarium

      Mixed-use building near MS Aquarium in walkable downtown district.
      1501 24Th Ave, Gulfport, MS 39501
      View Details
    • New
      $250,000
      6,251 SF

      Gulfport Commercial Building on Pass

      6,200+/- SF commercial building in Gulfport's active commercial corridor.
      820 Pass Rd, Gulfport, MS 39501
      View Details
    • $555,000
      6,557 SF

      Downtown Gulfport Commercial Building

      6,557 SF commercial building in the heart of downtown Gulfport.
      1513 24Th Ave, Gulfport, MS 39501
      View Details
    • $199,900
      1,422 SF

      Gulfport Live-Work Commercial Cottage

      Live and work in style near Gulfport Harbor!
      1702 23Rd Ave, Gulfport, MS 39501
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Gulfport Retail/Office/Warehouse Space Available

      Retail, office, and warehouse spaces for lease in Gulfport.
      1224 Pass Rd, Gulfport, MS 39501
      View Details
    • $24 SF/Yr
      1,043 SF

      Gulfport Office Space For Rent

      Office space for rent in Gulfport, Mississippi. Gross lease.
      2510 14Th St, Gulfport, MS 39501
      View Details
    • $9 SF/Yr

      Prime Office Space on Pass

      840 SF office space with versatile layout for rent.
      1419 Pass Rd, Gulfport, MS 39501
      View Details
    • $24 SF/Yr
      783 SF

      Gulfport Office Space For Rent

      Office space for lease in Gulfport, Mississippi. Utilities included.
      2510 E 14Th St, Gulfport, MS 39501
      View Details
    • $3,494 /Mo
      1,747 SF

      Gulfport Office Space For Rent

      Office space available for lease in Gulfport, Mississippi.
      2510 E 14Th St, Gulfport, MS 39501
      View Details
    • $5,600 /Mo
      8,975 SF

      Downtown Gulfport Commercial Space Available

      Remodeled office/showroom with warehouse and vacant lot.
      1621 29Th Ave, Gulfport, MS 39501
      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.
    1317 24th Ave
    Gulfport, MS 39501-2062
    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!