Open-Layout Office
For Sale
Contact for pricing
1956 Pass Road, Biloxi, MS 39531
Compact commercial unit with an adaptable interior for office or service-based business use.
Property Size310 SF
Price / SF$2.58
Days on Market58
Property Features for 1956 Pass Road
General Information
Standard status
Active
Size
310 SF
Listing Agency:
Southern Magnolia Realty, LLC.
(228) 731-3656
Listed By:
Kasi Russo
(228) 224-5767
Source:
Myfrontgaterealty
Added: Aug 20
Changed: Oct 12
Last Checked: Oct 14 at 10:25PM
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 Southern Magnolia Realty, LLC.
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Investment Insights
Based on property information with market context.
This approximately 310 sq. ft. office unit features an open interior that can be arranged for a range of professional or service-oriented operations. The flexible footprint suits businesses seeking a compact commercial setting with room to tailor the space to their needs.
The property is located at 1956 Pass Road in Biloxi, near shopping, dining, entertainment, and major roadways. The unit is offered for sale and provides a straightforward commercial presence in an established Biloxi area.
The property is located at 1956 Pass Road in Biloxi, near shopping, dining, entertainment, and major roadways. The unit is offered for sale and provides a straightforward commercial presence in an established Biloxi area.
Key Highlights
- Approximately 310 sq. ft. of commercial office space
- Open interior layout allows flexible configuration
- Suitable for professional or service‑based business use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,471
Suggested Prices Based on Cap Rates
Cap Rate 5%
$49,420
$49.4K
Cap Rate 7%
$35,300
$35.3K
Cap Rate 9%
$27,456
$27.5K
Market Conditions
NOI Build-Up for 310 SF
Gross rent
$4.0K $12.96/SF
− Vacancy
−$723 −$2.33/SF
EGI
$3.3K $10.63/SF
− OpEx
−$824 −$2.66/SF
NOI
$2.5K $7.97/SF
Area
Harrison County, MS
Vacancy
18.00%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$49,420
Cap Rate 7%
$35,300
Cap Rate 9%
$27,456
Alternative Uses
Best Use
Office B
$35.3K
$30.9K – $41.2K
NOI $2,471 @ 7.0% cap · market cap 308.88%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$49.9K
$43.7K – $58.3K
NOI $3,496 @ 7.0% cap · market cap 437.00%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
293
Businesses Nearby
Explore this area
Business Placement
Demographics for 39531, MS
19,965
Population
9,660
Households
2.1
Avg Household Size
36
Median Age
34%
College-Educated
91%
High-School Grad
6.6 sq mi
ZIP Area
3,025
Density / Sq Mi
$54,599
Median Household Income
$37,293
Median Earnings
$1,066
Median Rent
$193,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Compact commercial unit with an adaptable interior for office or service-based business use.
Where is this office units located?
The property is located at 1956 Pass Road Biloxi, MS.
What are key features of this property?
This property features: Approximately 310 sq. ft. of commercial office space; Open interior layout allows flexible configuration; Suitable for professional or service‑based business use
