Neighborhood Pub With Entertainment
New
For Sale
$575,000
4901 Chicot Street, Pascagoula, MS 39581
Commercial Sale, Pascagoula, MS
Property Size2,800 SF
Lot Size0.50 Acres
Price / SF$205.36
Days on Market4
Property Features for 4901 Chicot Street
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
4-16-55-004.000
Size
2,800 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
subject to survey
Tax Annual Amount
2757
Legal Description
subject to survey
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
bar
stage
entertainment area
outdoor gathering space
Building Details
Year built
1970
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Weichert Realtors Gulf Properties
(228) 400-4853
Listed By:
Reece R Roberts · License #B10810
(228) 234-8420
Added: Aug 18
Changed: Aug 19
Last Checked: Aug 21 at 1:06AM
MLS# 4159609
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.
Investment Insights
Based on property information with market context.
This operating bar and food-service property contains approximately 2,800 square feet on a 0.5-acre parcel. The layout includes a bar, commercial kitchen capabilities, a stage, an entertainment area, and space for outdoor gatherings. Concrete flooring, a metal roof, public water, and public sewer are among the existing improvements and services.
The property fronts Chicot Street in Pascagoula, just north of Highway 90, with on-site parking and visibility from the roadway. Built in 1970, it serves as an established food, beverage, and entertainment venue within a surrounding residential and industrial employment area.
The property fronts Chicot Street in Pascagoula, just north of Highway 90, with on-site parking and visibility from the roadway. Built in 1970, it serves as an established food, beverage, and entertainment venue within a surrounding residential and industrial employment area.
Key Highlights
- Approximately 2,800 square feet on a 0.5‑acre parcel
- Existing bar and commercial food‑service capabilities
- Stage and dedicated entertainment area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,402
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$828,040
$828.0K
Cap Rate 7%
$591,457
$591.5K
Cap Rate 9%
$460,022
$460.0K
Market Conditions
NOI Build-Up for 2,800 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$59.8K $21.36/SF
− Vacancy
−$4.6K −$1.64/SF
EGI
$55.2K $19.72/SF
− OpEx
−$13.8K −$4.93/SF
NOI
$41.4K $14.79/SF
Area
Jackson County, MS
Vacancy
7.70%
Lease Rate
$21.36 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$828,040
Cap Rate 7%
$591,457
Cap Rate 9%
$460,022
Alternative Uses
Best Use
Specialty Retail
$591.5K
$517.5K – $690.0K
NOI $41,402 @ 7.0% cap · market cap 7.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$764.9K
$669.3K – $892.4K
NOI $53,545 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
863
Businesses Nearby
203k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 29%
Shops & Services 23%
Apparel 15%
Home Improvements & Furnishings 14%
Lowe's
Home Improvements & Furnishings
27,769 visits/mo
0.1 miles
Aldi
Groceries
25,998 visits/mo
0.3 miles
McDonald's
Dining
20,198 visits/mo
0.2 miles
Wendy's
Dining
13,252 visits/mo
0.2 miles
Dollar Tree
Shops & Services
11,935 visits/mo
0.1 miles
Demographics for 39581, MS
11,512
Population
5,411
Households
2.1
Avg Household Size
35
Median Age
18%
College-Educated
86%
High-School Grad
14.0 sq mi
ZIP Area
822
Density / Sq Mi
$37,571
Median Household Income
$26,774
Median Earnings
$892
Median Rent
$125,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- JAZZY’S Daiquiri Bar & Grill — 5602 Telephone Rd, Pascagoula, MS 39567
- Sabrina's KettleCorn Treats LLC — 4537 Pimlico St, Pascagoula, MS 39581
- The Chill Spot Rell's Sports Lounge — 4625 Telephone Rd #2, Pascagoula, MS 39567
- Downtown Cafe & Daiquiri — 3438 Main St, Moss Point, MS 39563
- Scotty's — 5602 telephone rd, pascagoula, ms 39567
Frequently Asked Questions
What type of property is this?
Bar & Pub - Operating food-and-beverage venue with outdoor gathering space and on-site parking.
Where is this bar & pub located?
The property is located at 4901 Chicot Street Pascagoula, MS.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Approximately 2,800 square feet on a 0.5‑acre parcel; Existing bar and commercial food‑service capabilities; Stage and dedicated entertainment area
