Renovated Multi-Unit Retail
For Sale
$275,000
828 Pass Road, Gulfport, MS 39501
COMMERCIAL - Gulfport, MS
Property Size2,612 SF
Lot Size0.13 Acres
Price / SF$105.28
Days on Market258
Property Features for 828 Pass Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
B2
Bathrooms
2
Half bathrooms
3
Rooms
Bathroom 3, Bathroom 1, Bathroom 2
Subdivision
Metes And Bounds
Directions
From Highway 49: Head south toward the beach, then turn left onto Pass Road. Continue for about 1.5 miles. The property at 828 Pass Road will be on your right. From Cowan Road: Head north or sout
Standard status
Active
APN
0910m-01-028.000
Size
2,612 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
BEG AT NE COR OF LOT 23 & RUN W ALONG N LINE OF LOT 23 70 FT S 74.85 FT TO N MARGIN OF OLD PASS RD NE ALONG OLD PASS RD TO W MARGIN OF AN ALLEY N 46.6 FT TO BEG PART OF LOTS 21 TO 23 BLK 15 MYRTLE SUBD RESURVEY SEC 35-7-11
Tax Annual Amount
2393
Legal Description
BEG AT NE COR OF LOT 23 & RUN W ALONG N LINE OF LOT 23 70 FT S 74.85 FT TO N MARGIN OF OLD PASS RD NE ALONG OLD PASS RD TO W MARGIN OF AN ALLEY N 46.6 FT TO BEG PART OF LOTS 21 TO 23 BLK 15 MYRTLE SUBD RESURVEY SEC 35-7-11
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1950
Floors in Building
1
Listing Agency:
Coastal Realty Group
(228) 280-8026
Listed By:
Tyler Hoover · License #S60822
(228) 238-4523
Added: Nov 19, 2025
Changed: Jul 24
Last Checked: Aug 4 at 2:06PM
MLS# 4132174
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 renovated retail building offers three separate units: Unit A (632 sq ft), Unit B (982 sq ft), and Unit C (997 sq ft). Each unit has its own new HVAC system, individual power meter, and private restroom. The building also features a newer roof and a large storefront display window. Unit B is already leased, providing immediate rental income.
The property is located at 828 Pass Road in Gulfport, with zoning noted as B-2 (Business District). It shares a common wall with an established neighboring business. The seller also owns the lot directly behind the building and is open to selling it, which may support additional parking, storage, or future expansion. The remarks also cite close proximity to Gulfport-Biloxi International Airport and Interstate I-10 for regional access.
The property is located at 828 Pass Road in Gulfport, with zoning noted as B-2 (Business District). It shares a common wall with an established neighboring business. The seller also owns the lot directly behind the building and is open to selling it, which may support additional parking, storage, or future expansion. The remarks also cite close proximity to Gulfport-Biloxi International Airport and Interstate I-10 for regional access.
Key Highlights
- Commercial building built in 1950 with public water and public sewer service
- Three‑unit layout with unit sizes: A (632 SF), B (982 SF), and C (997 SF)
- Each unit has its own new HVAC system, individual power meter, and private restroom
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.7k | $14.04 |
| − Vacancy | −$3.1k | −$1.19 |
| EGI | $33.6k | $12.85 |
| − OpEx | −$10.1k | −$3.85 |
| NOI | $23.5k | $8.99 |
2,612 SF · lease $14.04/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$335.6K
$293.6K – $391.5K
NOI $23,489 @ 7.0% cap · market cap 8.54%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$420.8K
$368.2K – $490.9K
NOI $29,456 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
641
Businesses Nearby
118k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 27%
Superstores 11%
Apparel 6%
Circle K
Shops & Services
17,187 visits/mo
0.1 miles
McDonald's
Dining
14,879 visits/mo
0.3 miles
Big Lots
Superstores
12,864 visits/mo
0.2 miles
SONIC Drive In
Dining
11,235 visits/mo
0.4 miles
Wendy's
Dining
9,740 visits/mo
0.2 miles
Demographics for 39501, MS
22,599
Population
10,565
Households
2.1
Avg Household Size
35
Median Age
13%
College-Educated
78%
High-School Grad
14.4 sq mi
ZIP Area
1,569
Density / Sq Mi
$33,491
Median Household Income
$28,522
Median Earnings
$962
Median Rent
$115,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Renovated retail building with three units, new HVAC, individual power meters, and private restrooms.
Where is this storefront property located?
The property is located at 828 Pass Road Gulfport, MS.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Commercial building built in 1950 with public water and public sewer service; Three‑unit layout with unit sizes: A (632 SF), B (982 SF), and C (997 SF); Each unit has its own new HVAC system, individual power meter, and private restroom
