Former Restaurant Approved for
1644 PASS RD, Biloxi, MS 39531
4,898 SF property approved for gas station repurposing.
Type:Retail
Property size:
4,898 SFPrice / SF:
$204/SF- Added:
- May 19, 2026
- Days on Market:
- 12
- Last Refresh:
- May 20 at 5:00 am
Property Features for 1644 PASS RD
General Information
- Standard status
- Active
- Size
- 4,898 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1991
Listing agent Matthew Carpenter License #995714587
Listing office Latitude Realty
Listing date May 19, 2026
Source Crexi
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 Latitude Realty
HighLights
- City approved for repurposing to a gas station.
- Architectural plans created and being finalized for gas station conversion.
- Owner is a gas station developer and willing to sell as‑is or complete the build.
- Large property (4,898 SF) suitable for redevelopment.
- Previously a McDonald's restaurant, offering potential for various uses.
- Built in 1991, providing a relatively established structure.
Overview
This 4,898 square foot property is approved by the city to be repurposed into a gas station. Architectural plans have been created and are being finalized. Previously a McDonald's restaurant, the owner, a gas station developer, is willing to sell the property as is or complete the build. The property is located at 1644 PASS RD, BILOXI, MS 39531.
Local Financial Insights For Specialty 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 | $78.2k | $15.96 |
| − Vacancy | −$5.3k | −$1.09 |
| EGI | $72.9k | $14.87 |
| − OpEx | −$18.2k | −$3.72 |
| NOI | $54.6k | $11.16 |
4,898 SF · lease $15.96/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$780.6K
$683.0K – $910.7K
NOI $54,642 @ 7.0% cap · market cap 5.46%
Second Best
Retail
$629.2K
$550.6K – $734.1K
NOI $44,046 @ 7.0% cap · market cap 4.40%
Theoretical Best
Healthcare Medical
$789.1K
$690.4K – $920.6K
NOI $55,235 @ 7.0% cap · market cap 5.52%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
VFW Post 2434 ...
Advocacy Group
Location Insight
- Map
- Local Demand
- City
- Biloxi
- County
- Harrison
- State
- Mississippi
- Longitude
- -88.9352857
- Latitude
- 30.4030924
Nearby Similar for Sale
FAQs
What type of property is this?
Gas station - 4,898 SF property approved for gas station repurposing.
Where is this gas station located?
The property is located at 1644 PASS RD Biloxi, MS.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: City approved for repurposing to a gas station.; Architectural plans created and being finalized for gas station conversion.; Owner is a gas station developer and willing to sell as‑is or complete the build.
