Single-Tenant Retail Building with
For Sale
$549,500
1639 E Pass Rd, Gulfport, MS 39507
Established single-tenant retail building on a high-traffic Gulf Coast corridor with direct frontage and a long-term operating tenant.
Property Size3,325 SF
Price / SF$165.26
Days on Market106
Property Features for 1639 E Pass Rd
General Information
Standard status
Active
Size
3,325 SF
Zoning
T4+
Additional Details
Business Included
Yes
Traffic Count
30,000 vehicles/day
Building Details
Year Built
1993
Tenancy
Single
Listing Agency:
Blaine & Co., LLC
Listed By:
Matthew A Blaine · License #B20768
(228) 861-6449
Source:
Fiorellaavenue
Added: Jun 24
Changed: Oct 4
Last Checked: Oct 6 at 12:19AM
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 Blaine & Co., LLC
Investment Insights
Based on property information with market context.
This established, income-producing single-tenant retail building is located at 1639 E Pass Rd, Gulfport, MS, with direct frontage along Pass Road. The property is occupied by Thriffiley Orthopedic, operating at the site since October 2011. The offering includes the remaining term of the existing lease, providing continuity with a tenant that has been in place for many years.
The building sits on a heavily traveled commercial corridor and near the high-traffic intersection of Cowan-Lorraine. Public remarks indicate approximately 30,000 cars pass daily, supporting strong day-to-day visibility for service and retail needs. The area includes a mix of national and regional retailers such as Walmart Neighborhood Market, Rouses Market, Dunkin’ Donuts, Walgreens, McDonald’s, and Club 4 Fitness, alongside nearby residential neighborhoods and apartment communities.
With zoning designated T4+, the property supports a wide range of commercial uses, making it practical for buyers evaluating retail ownership with an active, long-term tenant. For operators considering an automotive or service-adjacent retail footprint, the combination of direct frontage, corridor exposure, and an existing medical-oriented tenant context may offer a functional location fit for continued neighborhood servicing.
The building sits on a heavily traveled commercial corridor and near the high-traffic intersection of Cowan-Lorraine. Public remarks indicate approximately 30,000 cars pass daily, supporting strong day-to-day visibility for service and retail needs. The area includes a mix of national and regional retailers such as Walmart Neighborhood Market, Rouses Market, Dunkin’ Donuts, Walgreens, McDonald’s, and Club 4 Fitness, alongside nearby residential neighborhoods and apartment communities.
With zoning designated T4+, the property supports a wide range of commercial uses, making it practical for buyers evaluating retail ownership with an active, long-term tenant. For operators considering an automotive or service-adjacent retail footprint, the combination of direct frontage, corridor exposure, and an existing medical-oriented tenant context may offer a functional location fit for continued neighborhood servicing.
Key Highlights
- Established single‑tenant retail building on Pass Road with direct frontage
- Occupied by Thriffiley Orthopedic since October 2011
- Approximately 30,000 cars pass daily near the Cowan‑Lorraine intersection
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,496
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$749,920
$749.9K
Cap Rate 7%
$535,657
$535.7K
Cap Rate 9%
$416,622
$416.6K
Market Conditions
NOI Build-Up for 3,325 SF
Gross rent
$69.8K $21.00/SF
− Vacancy
−$7.3K −$2.21/SF
EGI
$62.5K $18.80/SF
− OpEx
−$25.0K −$7.52/SF
NOI
$37.5K $11.28/SF
Area
Harrison County, MS
Vacancy
10.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$749,920
Cap Rate 7%
$535,657
Cap Rate 9%
$416,622
Alternative Uses
Best Use
Healthcare Medical
$535.7K
$468.7K – $624.9K
NOI $37,496 @ 7.0% cap · market cap 6.82%
Second Best
Office B
$378.6K
$331.3K – $441.7K
NOI $26,502 @ 7.0% cap · market cap 4.82%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
30,000 VPD
Traffic count
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
499
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 39507, MS
17,724
Population
9,032
Households
2
Avg Household Size
42
Median Age
29%
College-Educated
91%
High-School Grad
8.2 sq mi
ZIP Area
2,161
Density / Sq Mi
$49,459
Median Household Income
$37,660
Median Earnings
$1,121
Median Rent
$220,600
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Similar Off Market Nearby
- Handsboro Animal Hospital — 1445 E Pass Rd, Gulfport, MS 39507
Frequently Asked Questions
What type of property is this?
Medical Office Space - Established single-tenant retail building on a high-traffic Gulf Coast corridor with direct frontage and a long-term operating tenant.
Where is this medical office space located?
The property is located at 1639 E Pass Rd Gulfport, MS.
What is the asking price?
The asking price for this property is $549,500.
What are key features of this property?
This property features: Established single‑tenant retail building on Pass Road with direct frontage; Occupied by Thriffiley Orthopedic since October 2011; Approximately 30,000 cars pass daily near the Cowan‑Lorraine intersection
