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    1731 Pass Road Biloxi, MS 39531

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    For Lease
    $6,000/Mo $11 SF/Yr (calc)

    COMMERCIAL - Biloxi, MS

    Property size:
    6,540 SF
    Lot size:
    0.15 Acres
    Added:
    May 1, 2026
    Days on Market:
    4
    Last Refresh:
    May 4 at 3:06 pm

    Property Features for 1731 Pass Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1
    Parking features
    Off Street
    Standard status
    Active
    APN
    1210h-03-009.000
    Size
    6,540 SF
    Lot size
    0.15 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOT 1 BLK 1 LESS N 10 FT FOR RD SUBURBAN ACRES SUBD SEC 25-7-10
    Tax Annual Amount
    2495

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1950
    Floors in Building
    1
    Roof type
    Metal

    We can help!

    Listing Contact
    Lloyd N Nicaud

    Listing agent Lloyd N Nicaud License #S60955

    Listing office John McDonald Realty, LLC 117 Hwy 90, Bay Saint Louis, MS

    Listing date May 1, 2026

    MLS# 4148170

    Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Commercial Space on Pass Road

    Located on Pass Road in Biloxi, this commercial property offers visibility, accessibility, and flexibility for various business uses. Zoned Neighborhood Business, it suits entrepreneurs, automotive operators, or service-based businesses seeking a location along the Mississippi Gulf Coast. The property features approximately 120 feet of road frontage on Pass Road, benefiting from traffic and exposure. The site spans 0.30 acres across two parcels, providing functional space for operations and customer access. The 4,964 square foot building is configured for an automotive business, making it a turnkey option for similar use or adaptable for other commercial ventures. The layout includes two private offices, two bathrooms, a reception area with a waiting room, and a dedicated breakroom. Outside, there is a storage shed for additional equipment or inventory needs. Located in an X flood zone, the property offers added peace of mind for long-term occupancy. The lease term is 36 months with an option for an additional 24 months. This Pass Road location presents an opportunity for businesses ready to grow on the Mississippi Gulf Coast.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Unique Collision Auto Repair Shop

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Auto Repair Shop Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • A & J Mini Mart — 270 Iberville Dr, Biloxi, MS 39531
    • ATM — 193 Rodenberg Ave, Biloxi, MS 39531
    • Brink's Inc — 186 Veterans Ave, Biloxi, MS 39531
    • Tri-Service Rentals — 270 Iberville Dr, Biloxi, MS 39531
    • Penske Truck Rental — 1725 Pass Rd, Biloxi, MS 39531

    Location Insight

    • Map
    • Local Demand
    City
    Biloxi
    County
    Harrison
    State
    Mississippi
    Longitude
    -88.940712
    Latitude
    30.402633

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    FAQs

    What type of property is this?
    Automotive property - Highly visible commercial space for lease in Biloxi, Mississippi.
    Where is this automotive property located?
    The property is located at 1731 Pass Road Biloxi, MS.
    What is the lease rate?
    The lease rate is $6,000 /Mo.
    What are key features of this property?
    This property features: Prime commercial location on highly trafficked Pass Road in Biloxi with **120 feet of road frontage**.; **4,964 square foot building** currently configured for an automotive business, offering a turnkey option or adaptable space.; Zoned Neighborhood Business, suitable for entrepreneurs, automotive operators, or service‑based businesses.
    (228) 323-2506
    We can help!
    Listing Contact
    Lloyd N Nicaud
    Real Estate License ID: S60955
    Learn More
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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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    1731 Pass Road, Biloxi, MS 39531

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