Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1520 29th Ave Gulfport, MS 39501-2843

    • Industrial properties
    • 33,286 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0170972
    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

    • LHarper Healthcare and Transportation Services / Freight Service / Logistics Company
    • Two Tone LLC / Auto Repair Shop
    • Southern Sewer Services / Plumbing Service / General Contractor
    • Vector Marketing Biloxi / Advertising Agency / Marketing & Advertising
    • Witchy Woman Living: Holistic Herbalism and Wellness Practice / Physician

    Property Details for 1520 29th Ave

    Year built
    1955
    Property size
    33,286 SF
    Property type
    Industrial properties
    APN
    0811E-02-024.000
    APU
    0811E02024000

    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
    -89.0961
    Latitude
    30.3698
    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
    $13,939
    $0.00
    $0.00
    $98,261
    -
    $69,000
    $586,076
    $655,076

    Comparable in this City

    • Value Estimation by Request
      7,015 SF

      2210 28th St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 7,015 SF
      2210 28th St, Gulfport, MS 39501-4919
      View Details
    • Value Estimation by Request

      2316 26Th Ave

      Land
      2316 26Th Ave, Gulfport, MS 39501
      View Details
    • Value Estimation by Request

      2310 26Th Ave

      Land
      2310 26Th Ave, Gulfport, MS 39501
      View Details
    • Value Estimation by Request
      10,600 SF

      2205 John Hl Blvd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 10,600 SF
      2205 John Hl Blvd, Gulfport, MS 39501-6910
      View Details
    • Value Estimation by Request
      4,193 SF

      641 35th St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 4,193 SF
      641 35th St, Gulfport, MS 39501-7102
      View Details
    • Value Estimation by Request
      28,860 SF

      1701 28th St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 28,860 SF
      1701 28th St, Gulfport, MS 39501-6100
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Gulfport Multi-Use Lot

      Downtown Gulfport land, ideal for mixed-use development.
      2310 26Th Ave, Gulfport, MS 39501
      View Details
    • $250,000
      3.60 Acres

      Gulfport Industrial Land - $250K

      3.6-acre industrial lot near Hwy 49.
      0 28Th St, Gulfport, MS 39501
      View Details
    • Contact for pricing

      Gulfport Commercial Land Investment

      Downtown Gulfport lot, B-2 & T4+ zoning. Multi-use potential.
      2316 26Th Ave, Gulfport, MS 39501
      View Details
    • $249,000
      11 SF

      Office Warehouse Space For Sale

      Office warehouse space featuring high ceilings and rollup doors.
      4517 11Th St, Gulfport, MS 39501
      View Details
    • $275,000
      6,251 SF

      Versatile Commercial Property Near Highways

      Commercial property with offices, reception, warehouse, and highway access.
      820 Pass Rd, Gulfport, MS 39501
      View Details
    • $599,000
      0.25 Acres

      Downtown Gulfport Commercial Opportunity

      Remodeled office/showroom with warehouse and vacant lot in Gulfport.
      1621 29Th Ave, Gulfport, MS 39501
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      10,780 SF

      Gulfport Commercial Property For Lease

      Commercial property available for lease in Gulfport, Mississippi.
      1601 26Th Ave, Gulfport, MS 39501
      View Details
    • Contact for pricing
      80,000 SF

      Gulfport Distribution Warehouse For Lease

      80,000 SF climatized warehouse near Highway 49.
      3450 Giles Rd, 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
    • $1,650 /Mo
      2,800 SF

      Gulfport Mixed-Use Commercial Space

      Office and warehouse space with high visibility on Pass Rd.
      1524 Pass Rd, 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
    • Contact for pricing
      2,100 SF

      Prime Retail Space in Gulfport

      Exceptional leasing opportunity in Gulfport's CBD, near downtown amenities.
      1315 25Th 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.
    1520 29th Ave
    Gulfport, MS 39501-2843
    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!