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    2228 Beach Dr Gulfport, MS 39507
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    2228 Beach Dr Gulfport, MS 39507

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    • Office Units
    Off-Market
    Property ID
    US50-0418919
    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

    • Legacy Condominiums / Condominium Complex
    • Biloxi Beach Resort Rentals / Vacation Rental / Real Estate Agency
    • Legacy Towers Condo Rentals / Vacation Rental / Real Estate Agency
    • Legacy Towers Unit 706 / Vacation Rental / Real Estate Agency
    • BuyWeed Shop / (Bike/Boat/Book/etc) Store

    Property Details for 2228 Beach Dr

    Property type
    Office Units
    Property subtype
    Commercial real estate

    Description

    Beautiful Executive office consisting of 812 sf located in the Legacy Towers Condominiums a 14-Story high luxury condominium building that is home to 224 units, both Investment Properties (Short-Term & Long-Term Rentals), and Full-Time Owners/Residents. Located right on the Gulfport/Biloxi city-line.. this property has an over-abundance of fantastic amenities in a prime location. Property Amenities include Two Outdoor Resort Style Pools, Indoor Pool & Hot Tub, Slow-Moving Whirlpool, Saunas, Putting Green, Clubhouse(s), and state of the art Fitness Center. Lease is NNN.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Gulfport
    County
    Harrison
    State
    Mississippi
    Longitude
    -89.0040928
    Latitude
    30.3880062

    Comparable in this City

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      1,650 SF

      Remodeled Office Space For Rent

      Office space for rent with utilities included and common areas.
      706 E Pass Rd, Gulfport, MS 39507
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    • $750 /Mo
      877 SF

      Charming Office Space in Gulfport

      Functional office space in a buzzing Gulfport location.
      450 E Pass Rd, Gulfport, MS 39507
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    • $1,025 /Mo
      1,300 SF

      Gulfport Office Space For Rent

      Office space with reception area available for rent in Gulfport.
      450 E Pass Rd, Gulfport, MS 39507
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    • $2,650 /Mo
      1,700 SF

      Retail/Office Space in Gulfport

      Conveniently located retail or office space with ample parking.
      2079 E Pass Rd, Gulfport, MS 39507
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    • $500 /Mo
      1,650 SF

      Remodeled Office Space For Rent

      Available immediately, remodeled office space with utilities included.
      706 E Pass Rd, Gulfport, MS 39507
      View Details

    Similar Nearby for Sale

    • $274,900
      4,800 SF

      Gulfport Commercial Space For Sale

      Commercial space near downtown Gulfport with tenants in place.
      1524 Pass Rd, Gulfport, MS 39507
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    • $150,000
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      Gulfport Mixed-Use Investment Opportunity

      Vacant property in downtown Gulfport with flexible zoning.
      2517 21St Ave, Gulfport, MS 39507
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    • $2,875,000
      59,790 SF

      Gulfport Commercial Space For Sale

      Commercial space for sale with high traffic and prime location.
      380 Pass Rd, Gulfport, MS 39507
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    • $584,080
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      New Waterfront Commercial Condo in Gulfport

      New 2,086 SF commercial condo in a mixed-use waterfront development.
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    • Contact for pricing
      1,600 SF

      Renovated Building on Pass Road

      Updated building suitable for office, retail, medical, or residential use.
      730 E Pass Rd, Gulfport, MS 39507
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    • $239,000

      Beachfront Lot Versatile Commercial Use

      0.32-acre beachfront lot zoned T5 Urban Center.
      538 Beach Dr, Gulfport, MS 39507
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    Similar Nearby for Lease

    • $1,025 /Mo
      1,300 SF

      Gulfport Office Space For Rent

      Office space with reception area available for rent in Gulfport.
      450 E Pass Rd, Gulfport, MS 39507
      View Details
    • $2,650 /Mo
      1,700 SF

      Retail/Office Space in Gulfport

      Conveniently located retail or office space with ample parking.
      2079 E Pass Rd, Gulfport, MS 39507
      View Details
    • $500 /Mo
      1,650 SF

      Remodeled Office Space For Rent

      Available immediately, remodeled office space with utilities included.
      706 E Pass Rd, Gulfport, MS 39507
      View Details
    • $4 SF/Yr
      26,874 SF

      Gulfport Warehouse with Office Space

      29,000 SF warehouse with office space for lease.
      2234 E Pass Rd, Gulfport, MS 39507
      View Details
    • $750 /Mo
      1,650 SF

      Remodeled Office Space For Rent

      Office space for rent with utilities included and common areas.
      706 E Pass Rd, Gulfport, MS 39507
      View Details
    • $750 /Mo
      877 SF

      Charming Office Space in Gulfport

      Functional office space in a buzzing Gulfport location.
      450 E Pass Rd, Gulfport, MS 39507
      View Details
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    2228 Beach Dr
    Gulfport, MS 39507
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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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