1644 PASS RD Biloxi, MS 39531
4,898 SF property approved for gas station repurposing.
Property Features for 1644 PASS RD
General Information
- Standard status
- Active
- Size
- 4,898 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1991
Listing office Latitude Realty
Listing date May 19, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Latitude Realty
Investment Insights
Based on property information with market context.
Key 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.
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 |
