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    16027 Landon Rd Gulfport, MS 39503
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    16027 Landon Rd Gulfport, MS 39503

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    • Commercial land
    For Sale
    $225,000
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    Prime Gulfport Development Opportunity For Sale
    $225,000

    Prime Gulfport Development Opportunity

    0.7-acre property in high-traffic location, ideal for development.

    16027 Landon Rd, Gulfport, MS 39503
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    Property ID
    US50-0405185
    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

    • Commercial land

    Property Details for 16027 Landon Rd

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Owen & Co. Real Estate is pleased to offer this development opportunity in Gulfport, MS! Prime 0.7-acre property located on Landon Road, just past Sam's Club and near Crossroads Center, in the Landon Grove subdivision. This high-traffic location ensures excellent visibility and accessibility, making it perfect for various commercial or residential developments. The county has indicated no issues with changing the zoning, providing flexibility for your development plans. Ideal for investors and developers looking to capitalize on this prime spot with ample potential. Call Broker for additional information.

    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
    -89.1040674
    Latitude
    30.4376298

    Comparable in this City

    • Contact for pricing

      Landon Road Commercial Redevelopment Opportunity

      2.78 acres with 5,800 SF building in retail corridor.
      15523 Landon Rd, Gulfport, MS 39503
      View Details
    • Contact for pricing

      I-10 Frontage Land For Sale

      10 acres of commercial land with I-10 frontage.
      10Th St, Gulfport, MS 39503
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      Highway 49 Commercial Land

      1.2 acre site near Highway 49 and Airport Road.
      9277 Highway 49, Gulfport, MS 39503
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    • $4,200,000

      Gulfport Highlands Development Opportunity

      30.5 AC development site suitable for retail, restaurant, office.
      605 John Ross Rd, Gulfport, MS 39503
      View Details
    • Contact for pricing

      Gulfport Commercial Development Tracts

      Two tracts available for commercial development in Gulfport, Mississippi.
      13407 Dedeaux Rd, Gulfport, MS 39503
      View Details
    • $225,000

      Prime Commercial Land For Sale

      0.7-acre property in high-traffic location near Crossroads Center.
      16027 Landon Rd, Gulfport, MS 39503
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Landon Road Commercial Redevelopment Opportunity

      2.78 acres with 5,800 SF building in retail corridor.
      15523 Landon Rd, Gulfport, MS 39503
      View Details
    • Contact for pricing

      I-10 Frontage Land For Sale

      10 acres of commercial land with I-10 frontage.
      10Th St, Gulfport, MS 39503
      View Details
    • Contact for pricing

      Highway 49 Commercial Land

      1.2 acre site near Highway 49 and Airport Road.
      9277 Highway 49, Gulfport, MS 39503
      View Details
    • $4,200,000

      Gulfport Highlands Development Opportunity

      30.5 AC development site suitable for retail, restaurant, office.
      605 John Ross Rd, Gulfport, MS 39503
      View Details
    • Contact for pricing

      Gulfport Commercial Development Tracts

      Two tracts available for commercial development in Gulfport, Mississippi.
      13407 Dedeaux Rd, Gulfport, MS 39503
      View Details
    • $225,000

      Prime Commercial Land For Sale

      0.7-acre property in high-traffic location near Crossroads Center.
      16027 Landon Rd, Gulfport, MS 39503
      View Details

    Similar Nearby for Lease

    • $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
    • $22 SF/Yr

      Restaurant Space in Crossroads Center

      Restaurant space available in busy Gulfport shopping center.
      10510 Highway 49, Gulfport, MS 39503
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    • $850 /Mo
      192 SF

      Modern Office Space For Lease

      New office space in a convenient Gulfport location.
      13334 Seaway Rd, Gulfport, MS 39503
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    • $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
    View Listing
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    16027 Landon Rd
    Gulfport, MS 39503
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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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