Automotive Dealership
For Sale
$219,000
1305 Pass Road, Gulfport, MS 39501
B2 zoning and on-site parking support a range of commercial business possibilities.
Property Size1,731 SF
Price / SF$126.52
Days on Market13
Property Features for 1305 Pass Road
General Information
Standard status
Active
Size
1,731 SF
Zoning
B2
Taxes and HOA fees
Annual Taxes
$2,528
Listing Agency:
Direction Realty, LLC
(228) 967-7404
Listed By:
Kisey Steele
(228) 563-3772
Source:
Exprealty
Added: Oct 1
Changed: Oct 10
Last Checked: Oct 12 at 9:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Direction Realty, LLC
Investment Insights
Based on property information with market context.
This automotive property is identified as a dealership and offers 1,731 square feet of property area. B2 zoning provides a commercial framework for the site, while on-site parking is also available.
The property is located at 1305 Pass Road in Gulfport, Mississippi.
The property is located at 1305 Pass Road in Gulfport, Mississippi.
Key Highlights
- 1,731 square feet of property area
- B2 zoning
- On‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,566
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,320
$311.3K
Cap Rate 7%
$222,371
$222.4K
Cap Rate 9%
$172,956
$173.0K
Market Conditions
NOI Build-Up for 1,731 SF
Gross rent
$24.3K $14.04/SF
− Vacancy
−$2.1K −$1.19/SF
EGI
$22.2K $12.85/SF
− OpEx
−$6.7K −$3.85/SF
NOI
$15.6K $8.99/SF
Area
Harrison County, MS
Vacancy
8.50%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,320
Cap Rate 7%
$222,371
Cap Rate 9%
$172,956
Alternative Uses
Best Use
Retail
$222.4K
$194.6K – $259.4K
NOI $15,566 @ 7.0% cap · market cap 7.11%
Second Best
Industrial
$123.5K
$108.1K – $144.1K
NOI $8,648 @ 7.0% cap · market cap 3.95%
Theoretical Best
Healthcare Medical
$278.9K
$244.0K – $325.3K
NOI $19,520 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
493
Businesses Nearby
5k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Marathon Petroleum
Shops & Services
4,770 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Gulfport ThermoKing & Carrier Repair Service Inc. — 2510 20th St, Gulfport, MS 39501
- Emerald Coast Auto Rentals — 1314 Pass Rd, Gulfport, MS 39501, United States
- U-Box at U-Haul — 1132 Pass Rd, Gulfport, MS 39501
- Trailer Rental at U-Haul — 1132 Pass Rd, Gulfport, MS 39501
- Propane Refill at U-Haul — 1132 Pass Rd, Gulfport, MS 39501
Frequently Asked Questions
What type of property is this?
Automotive property - B2 zoning and on-site parking support a range of commercial business possibilities.
Where is this automotive property located?
The property is located at 1305 Pass Road Gulfport, MS.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: 1,731 square feet of property area; B2 zoning; On‑site parking
