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    Versatile Commercial Property on Pass Road Title is generated by Realmo AI

    2030 Pass Road lot B And C, Biloxi, MS 39531

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    Claim this Listing
    For Lease
    $15 SF/Yr $5,500/Mo (calc)

    COMMERCIAL - Biloxi, MS

    Property size:
    4,400 SF
    Lot size:
    0.68 Acres
    Added:
    Feb 2, 2026
    Days on Market:
    117
    Last Refresh:
    May 30 at 1:06 pm

    Property Features for 2030 Pass Road lot B And C

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    1210f-01-017.000
    Size
    4,400 SF
    Lot size
    0.68 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOTS 7 & 8 BLK 4 BELVEDERE HEIGHTS ALSO; BEG AT SW COR OF LOT 8 ON N MAR OF PASS RD N ALONG W LINE OF SUBD 190 FT W 30 FT S 190 FT TO PASS RD ELY ALONG RD 30 FT TO POB BEING PART OF NW 1/4 OF SE 1/4 OF SEC 26-7-10
    Tax Annual Amount
    8208

    Building Details

    Year built
    1985

    We can help!

    Listing Contact
    Hector I Rinza

    Listing agent Hector I Rinza License #B22606

    Listing office Rovira Team Realty, LLC 4302 Chicot St, MS

    Listing date Feb 2, 2026

    MLS# 4137980

    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.

    HighLights

    • High‑traffic location on Pass Road with excellent visibility and accessibility.
    • Flexible leasing options with customizable spaces: Unit B (1,554 sq ft) and Unit C (4,400 sq ft).
    • Ample on‑site parking: 13 spaces in front and 17 spaces in the rear.
    • Located in a well‑established commercial corridor with retail, medical, professional offices, and residential neighborhoods.
    • Suitable for a wide range of business uses: office, retail, medical, professional services, showroom, or other commercial uses.
    • Easy ingress and egress from Pass Road.

    Overview

    Located on Pass Road in Biloxi, this commercial property offers visibility, accessibility, and flexibility for various business uses. Positioned in a commercial corridor surrounded by retail, medical, professional offices, and residential neighborhoods, the property benefits from traffic and local demographics. The building offers leasing options, including Unit B consisting of 1,554 square feet and Unit C consisting of 4,400 square feet, making it suitable for office, retail, medical, professional services, showroom, or other commercial uses. The layout allows tenants to customize the space to fit their operational needs. The property features on-site parking with 13 spaces in the front and 17 spaces in the rear, providing access for customers and employees. Easy ingress and egress from Pass Road enhances convenience and visibility. Situated on a 0.68-acre lot, this property presents an opportunity for businesses looking to establish or expand their presence in the Biloxi market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Engineering Resource Group ... Construction Company Dream big learn ... Daycare Center Living Independence Social Service Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Biloxi
    County
    Harrison
    State
    Mississippi
    Longitude
    -88.956937
    Latitude
    30.402892

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    FAQs

    What type of property is this?
    Retail space - Commercial property in Biloxi with flexible space and ample parking.
    Where is this retail space located?
    The property is located at 2030 Pass Road lot B And C Biloxi, MS.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: High‑traffic location on Pass Road with **excellent visibility and accessibility**.; Flexible leasing options with **customizable spaces**: Unit B (1,554 sq ft) and Unit C (4,400 sq ft).; **Ample on‑site parking**: 13 spaces in front and 17 spaces in the rear.
    (228) 382-4519
    We can help!
    Listing Contact
    Hector I Rinza
    Real Estate License ID: B22606
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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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