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West Community Center 10573 Hwy 49 6,350 SF 100% Leased Retail Building Gulfport, MS 39503 $2,170,000 ($341.73/SF) 7.87% Cap Rate

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INVESTMENT HIGHLIGHTS

Corner Location on US Hwy 49 Just North of I-10
Far side of intersection

Signaled Intersection
High Traffic Counts

EXECUTIVE SUMMARY

THIS IS THE SALE OF A 16TH SECTION SCHOOL LAND LEASEHOLD INTEREST. THIS IS NOT A FEE SIMPLE SALE

West Community Plaza For Sale Flyer 2023

Floor Plan 3-19

FINANCIAL SUMMARY (ACTUAL - 2022)	ANNUAL	ANNUAL PER SF
Gross Rental Income	$170,702	$26.88
Other Income	$56,295	$8.87
Vacancy Loss	-	-
Effective Gross Income	$226,997	$35.75
Taxes	$7,116	$1.12
Operating Expenses	$49,179	$7.74
Total Expenses	$56,295	$8.87
Net Operating Income	$170,702	$26.88

FINANCIAL SUMMARY (ACTUAL - 2022)

Gross Rental Income
Annual	$170,702
Annual Per SF	$26.88

Other Income
Annual	$56,295
Annual Per SF	$8.87

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$226,997
Annual Per SF	$35.75

Taxes
Annual	$7,116
Annual Per SF	$1.12

Operating Expenses
Annual	$49,179
Annual Per SF	$7.74

Total Expenses
Annual	$56,295
Annual Per SF	$8.87

Net Operating Income
Annual	$170,702
Annual Per SF	$26.88

PROPERTY FACTS

Sale Type

Investment

Sale Condition

Ground Lease (Leasehold)

Property Type

Retail

Property Subtype

Retail

Building Size

6,350 SF

Building Class

Year Built

2016

Price

$2,170,000

Price Per SF

$341.73

Cap Rate

7.87%

NOI

$170,702

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.02

Lot Size

6.75 AC

Zoning

B-4 - Highway Commercial

Parking

74 Spaces (11.65 Spaces per 1,000 SF Leased)

AMENITIES

Corner Lot
Dedicated Turn Lane
Pylon Sign

Restaurant
Signage

Signalized Intersection
Tenant Controlled HVAC

Drive Thru
Air Conditioning

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AERIAL
MAP
TRAFFIC

10573 Hwy 49, Gulfport, MS - AERIAL map view - Image1

10573 Hwy 49, Gulfport, MS - AERIAL map view - Image2

PROPERTY TAXES

Parcel Number	0809D-03-001.000	Total Assessment	$502,518 (2024)
Land Assessment	$0 (2024)	Annual Taxes	$7,116 ($1.12/SF)
Improvements Assessment	$0 (2024)	Tax Year	2022 Payable 2023

PROPERTY TAXES

Parcel Number

0809D-03-001.000

Land Assessment

$0 (2024)

Improvements Assessment

$0 (2024)

Total Assessment

$502,518 (2024)

Annual Taxes

$7,116 ($1.12/SF)

Tax Year

2022 Payable 2023

Listing ID: 29232153
Date on Market: 8/9/2023
Last Updated:
Address: 10573 Hwy 49, Gulfport, MS 39503

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10573 Hwy 49, Gulfport, MS for sale Building Photo- Image 1 of 8 — Primary Photo

10573 Hwy 49, Gulfport, MS for sale Building Photo- Image 2 of 8 — Building Photo

10573 Hwy 49, Gulfport, MS for sale Building Photo- Image 3 of 8 — Building Photo

10573 Hwy 49, Gulfport, MS for sale Pylon Photo- Image 4 of 8 — Signage

10573 Hwy 49, Gulfport, MS for sale Aerial- Image 5 of 8 — Aerial

10573 Hwy 49, Gulfport, MS for sale Aerial- Image 6 of 8 — Aerial

10573 Hwy 49, Gulfport, MS for sale Floor Plan- Image 7 of 8 — Floor Plan

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AERIAL
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