1402 Pass Road Gulfport, MS 39501
COMMERCIAL - Gulfport, MS
- Added:
- Apr 11, 2025
- Days on Market:
- 456
- Last Refresh:
- Jul 10 at 8:06 pm
Property Features for 1402 Pass Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 4, Bathroom 2, Bathroom 3, Bathroom 1
- Parking
- 43
- Window features
- Storm Window(s)
- Standard status
- Pending
- APN
- 0811b-01-019.000
- Size
- 6,699 SF
- Lot size
- 0.76 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- LOTS 1 TO 8 INC & THAT PART OF LOTS 9 TO 11 INC N OF BILOXI-PASS CHRISTIAN ROAD BLK 13 ARLINGTON HEIGHTS
- Tax Annual Amount
- 6348
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1955
- Floors in Building
- 1
- Flooring type
- Tile - Ceramic, Laminate, Carpet
- Roof type
- Flat, Metal, Tar/Gravel
Listing agent Justin S Allen License #B20489 (228) 697-4636
Listing office eAgent Nexus 6616 Washington Ave., Suite D3, Ocean Springs, MS (228) 400-2555
Listing date Apr 11, 2025
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.
The property is described as having exceptional visibility with a traffic count of 11,000 to 15,000 vehicles per day, and it provides 40+ parking spaces. The building is zoned T5 Commercial.
The seller notes the property can be configured as three separate retail/office spaces, with each space having its own exterior doors and parking. Possible seller financing may be available for the right buyer.
Key Highlights
- Commercial office building formerly Elliott Homes headquarters, built in 1955
- Traffic count of 11,000–15,000 vehicles per day with updated 2018 improvements including a newly constructed rear section
- Features 16 private offices plus 6 private cubicle offices, including an XL conference room (16 seats) and other conference spaces (5 to 6–8 seats)
Local 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 | $94.1k | $14.04 |
| − Vacancy | −$8.0k | −$1.19 |
| EGI | $86.1k | $12.85 |
| − OpEx | −$25.8k | −$3.85 |
| NOI | $60.2k | $8.99 |
