Midas Auto
2160 E Pass Rd, Gulfport, MS 39507
For Sale
Contact for pricing
Automotive service property with a nearly full 20-year lease term remaining.
Property Size7,830 SF
Price / SF$282.80
Days on Market95
Property Features for 2160 E Pass Rd
General Information
Standard status
Size
Property subtype
Lease Type
Investment Type
Net Operating Income
Building Details
Year Built
Tenancy
Listing Agency:
Trinity Real Estate Investment Services
Listed By:
Austin Walsh · License TX #817943
(817) 658-3100
Source:
Crexi
Added: Aug 10
Changed: Nov 10
Last Checked: Nov 12 at 7:14AM
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 Trinity Real Estate Investment Services
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Investment Insights
Based on property information with market context.
This 7,830-square-foot automotive service property was built in 1987 and operates under the Midas name. The existing lease has nearly the full 20-year term remaining, providing a long-duration occupancy arrangement.
The property is located at 2160 E Pass Rd in Gulfport, Mississippi, minutes from the Port of Gulfport and Gulfport-Biloxi International Airport. Its established automotive-use configuration and extended lease term define the property’s core commercial profile.
The property is located at 2160 E Pass Rd in Gulfport, Mississippi, minutes from the Port of Gulfport and Gulfport-Biloxi International Airport. Its established automotive-use configuration and extended lease term define the property’s core commercial profile.
Key Highlights
- 7,830‑square‑foot automotive service property
- Midas‑branded automotive operation
- Nearly full 20‑year lease term remaining
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,412
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,408,240
$1.4M
Cap Rate 7%
$1,005,886
$1.0M
Cap Rate 9%
$782,356
$782.4K
Market Conditions
NOI Build-Up for 7,830 SF
Gross rent
$109.9K $14.04/SF
− Vacancy
−$9.3K −$1.19/SF
EGI
$100.6K $12.85/SF
− OpEx
−$30.2K −$3.85/SF
NOI
$70.4K $8.99/SF
Area
Harrison County, MS
Vacancy
8.50%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,408,240
Cap Rate 7%
$1,005,886
Cap Rate 9%
$782,356
Alternative Uses
Best Use
Retail
$1.01M
$880.2K – $1.17M
NOI $70,412 @ 7.0% cap · market cap 3.18%
Second Best
Industrial
$558.8K
$489.0K – $652.0K
NOI $39,118 @ 7.0% cap · market cap 1.77%
Theoretical Best
Healthcare Medical
$1.26M
$1.10M – $1.47M
NOI $88,299 @ 7.0% cap · market cap 3.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
403
Businesses Nearby
25k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 77%
Dining 23%
Shell
Shops & Services
9,567 visits/mo
0.4 miles
Dollar General
Shops & Services
5,607 visits/mo
0.3 miles
Waffle House
Dining
4,156 visits/mo
0.2 miles
Texaco
Shops & Services
4,082 visits/mo
0.4 miles
SUBWAY
Dining
1,716 visits/mo
0.1 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Irigation shop — 2770 Mission Ln, Biloxi, MS 39531
- Mathers Express Lube — 1628 E Pass Rd, Gulfport, MS 39507
- Vice auto and detailing llc — 635 Oakleigh Ave, Gulfport, MS 39507
- American Glass Services LLC — 2234 e pass rd, gulfport, ms 39507
- Coast Window Coverings — 2221 E Pass Rd #0, Gulfport, MS 39507
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive service property with a nearly full 20-year lease term remaining.
Where is this auto shop located?
The property is located at 2160 E Pass Rd Gulfport, MS.
What is the asking price?
The asking price for this property is $2,214,285.
What are key features of this property?
This property features: 7,830‑square‑foot automotive service property; Midas‑branded automotive operation; Nearly full 20‑year lease term remaining
