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    Property profile & analytics

    2001 15th St Gulfport, MS 39501

    • Office buildings
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-1982211
    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

    • Office buildings

    Property Details for 2001 15th St

    Property type
    Office buildings
    APN
    0811K-01-001.000
    APU
    0811K01001000

    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
    -89.0863
    Latitude
    30.369
    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
    2022
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.19 Acres

      1913 15th St

      PROFESSIONAL BUILDING • 0.19 Acres
      1913 15th St, Gulfport, MS 39501-2117
      View Details
    • Value Estimation by Request
      7,181 SF

      1900 Pass Rd

      OFFICE BUILDING • 7,181 SF
      1900 Pass Rd, Gulfport, MS 39501-5100
      View Details
    • Value Estimation by Request
      0.12 Acres

      2209 15th St

      PROFESSIONAL BUILDING • 0.12 Acres
      2209 15th St, Gulfport, MS 39501-2026
      View Details
    • Value Estimation by Request
      1,695 SF

      4420 15th St

      MEDICAL BUILDING • 1,695 SF
      4420 15th St, Gulfport, MS 39501-2526
      View Details
    • Value Estimation by Request
      756 SF

      2200 15th St

      RADIO OR TV STATION • 756 SF
      2200 15th St, Gulfport, MS 39501
      View Details
    • Value Estimation by Request
      6,296 SF

      2510 16th St

      OFFICE (GENERAL) • 6,296 SF
      2510 16th St, Gulfport, MS 39501-2801
      View Details

    Similar Nearby for Sale

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      Gulfport Commercial Building For Sale

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      1809 Pass Rd, Gulfport, MS 39501
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    • $1,080,000

      Gulfport Medical Office Investment

      Prime medical office investment opportunity with long-term tenant.
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    • New
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      Mixed-Use Building Near MS Aquarium

      Mixed-use building near MS Aquarium, suitable for various commercial purposes.
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    • $275,000
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      Versatile Commercial Property Near Highways

      Commercial property with offices, reception, warehouse, and highway access.
      820 Pass Rd, Gulfport, MS 39501
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    • $550,000
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      Gulfport Commercial Land For Sale

      Two corner lots near Memorial Hospital, ideal for medical office.
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    • $599,000
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      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

    • $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
    • $650 /Mo
      840 SF

      Gulfport Office Space For Lease

      Office space available on Pass Road with high visibility.
      1419 Pass Rd, Gulfport, MS 39501
      View Details
    • $24 SF/Yr
      2,032 SF

      Gulfport Office Space For Rent

      Office space available in Gulfport, Mississippi. Gross lease.
      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
    • $2,800 /Mo
      3,355 SF

      Downtown Gulfport Historic Office Space

      Historic office space for lease in Gulfport downtown district.
      2200 25Th Ave, Gulfport, MS 39501
      View Details
    • $53 SF/Yr
      110 SF

      Gulfport Office Space For Rent

      Office space available for lease in Gulfport, Mississippi.
      2602 13Th St, Gulfport, MS 39501
      View Details
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    2001 15th St
    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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