Technical
Financial
Distress signals
Property profile

5437 29Th Ave S Gulfport, FL 33707

FOR SALE
Investment properties
Property ID
US18-3136805
1,670 SF 0.23 ac lot Built 1940
Individually Owned 29-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional mixed-use property, located at 5437 29th Avenue S in the vibrant Gulfport Arts District, presents a rare investment opportunity. Boasting 5,156 square feet on a 0.23-acre lot, this building offers a unique blend of commercial and residential spaces. The property includes two one-bedroom, one-bathroom apartments, providing immediate rental income potential. In addition, four individual workshop/studios are available, ideal for artists, artisans, or small businesses. The strategic location near the bustling waterfront, with its numerous bars, restaurants, shops, and boutiques, ensures high visibility and significant foot traffic throughout the year. Its close proximity to the beautiful Gulfport beach and pier further enhances its appeal. This property is zoned for both commercial and residential use, offering flexibility for a variety of investment strategies. The strong existing tenant base and the high demand in this sought-after area promise a consistent return on investment for years to come. This is a truly unique opportunity to acquire a well-established, income-generating property in a thriving Gulfport location. The asking price is $2,200,000.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1940
Construction CONCRETE BLOCKS
Total area 1,670 SF
Lot 0.23 ac (9,805 SF)
APN 33-31-16-68904-000-0050
UPID US18-3136805

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • General Contractor

Location

5437 29Th Ave S Gulfport, FL 33707
Gulfport metro Census 28403 TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.33M
Blend (final) Blend
$225k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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