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    828 Pass Road Gulfport, MS 39501

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    Claim this Listing
    For Sale
    $275,000

    COMMERCIAL - Gulfport, MS

    Type:Retail
    Property size:
    2,612 SF
    Lot size:
    0.13 Acres
    Price / SF:
    $105/SF
    Added:
    Nov 19, 2025
    Days on Market:
    157
    Last Refresh:
    Apr 25 at 11:06 pm

    Property Features for 828 Pass Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    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

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1950
    Floors in Building
    1

    We can help!

    Listing Contact
    Tyler Hoover

    Listing agent Tyler Hoover License #S60822

    Listing office Coastal Realty Group 9230 Old Lorraine Rd., Ste C, Gulfport, MS

    Listing date Nov 19, 2025

    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.

    Overview

    Renovated Commercial Building on Pass Road

    This high-visibility commercial building on Pass Road in Gulfport, MS, is suitable for a business venture or investment portfolio. The recently renovated property features three separate units: Unit A (632 sq ft), Unit B (982 sq ft), and Unit C (997 sq ft). Each unit includes a new HVAC system, individual power meter, and private restroom. Unit B is currently leased, providing immediate rental income. The building has a newer roof and a large storefront display window. Zoned B-2 (Business District), the space accommodates a wide range of business types. It shares a common wall with an established neighboring business and is in close proximity to the Gulfport-Biloxi International Airport and Interstate I-10, providing regional access. The seller also owns the lot directly behind the building and is open to selling, offering additional potential for parking, storage, or future expansion. The property's location delivers traffic, exposure, and opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Moors Choice Herb ... (Bike/Boat/Book/etc) Store Coco nails spa Nail Salon

    Suggested Use

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

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

    Similar Places Nearby

    • Lenola Creations — 1103 Monet St, Gulfport, MS 39507

    Location Insight

    • Map
    • Local Demand
    City
    Gulfport
    County
    Harrison
    State
    Mississippi
    Longitude
    -89.066833
    Latitude
    30.387258

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    FAQs

    What type of property is this?
    Storefront property - High-visibility commercial building with three units and income potential.
    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: High‑visibility commercial building on Pass Road with strong traffic and exposure.; Three separate units, one already leased for immediate rental income.; Recently renovated with **new HVAC systems**, **individual power meters**, and **private restrooms** for each unit.
    (228) 238-4523
    We can help!
    Listing Contact
    Tyler Hoover
    Real Estate License ID: S60822
    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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