Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2318 Pass Rd Biloxi, MS 39531

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    2,350 SF office space with multiple rooms for lease.

    Type:Retail, Office
    Property size:
    2,350 SF
    Added:
    Oct 21, 2024
    Days on Market:
    544
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 2318 Pass Rd

    General Information

    Standard status
    Active
    Size
    2,350 SF
    Property subtype
    Retail, Office

    Spaces For Lease

    at 2318 Pass Rd Contact us

    $12 /Mo

    Size
    2,350 SF
    Type
    Retail, Office
    Contact us

    We can help!

    Listing Contact
    Jonathan Marshall

    Listing agent Jonathan Marshall License #21150

    Listing office Busch Realty Group

    Listing date Oct 21, 2024

    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 Busch Realty Group

    Overview

    Commercial Office Space For Lease

    This commercial office space is available for lease, offering a total of 2,350 square feet. The layout includes 8 individual office areas, 2 break rooms, 2 full-sized handicap accessible bathrooms, a lobby/waiting area, and a large conference area. The monthly rent covers water, sewer, trash, and landscaping, with no CAM charges. A new parking lot and bumpers are planned for installation within the next 90 days.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Eyeglasses Center Eye Care Center Nola Dermatology Medical Clinic Adrian M South ... Physician Christopher Kendall Rains Physician Clifford James Cook Dental Office

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Biloxi
    County
    Harrison
    State
    Mississippi
    Longitude
    -88.9710999
    Latitude
    30.403044

    Nearby Similar for Lease

    • Contact for pricing

      Prime Retail/Office Space Available

      1,000 SF retail/office space in high-traffic Biloxi location.
      2643 Executive Place, Biloxi, MS 39531
      View Details
    • Contact for pricing

      Biloxi Office Space For Rent

      Functional office building in a sought-after business district.
      759 Mcelroy Street, Biloxi, MS 39530
      View Details
    • $15/mo

      Versatile Commercial Property on Pass Road

      Commercial property in Biloxi with flexible space and ample parking.
      2030 Pass Road lot: B And C, Biloxi, MS 39531
      View Details
    • Contact for pricing

      New Office/Warehouse Suites in Biloxi

      Modern, efficient office/warehouse suites with convenient interstate access.
      14313 Cullen Street, Biloxi, MS 39532
      View Details
    • Contact for pricing

      Biloxi Commercial Unit For Lease

      Commercial unit available for lease in Biloxi, MS.
      458 Back Bay Boulevard lot: 8, Biloxi, MS 39532
      View Details
    • Contact for pricing

      Biloxi Office Space Available

      Well-located office complex with immediate occupancy.
      925 Tommy Munro Drive lot: H, Biloxi, MS 39532
      View Details
    • Contact for pricing

      Prime Commercial Space Available

      High-visibility commercial space for lease in West Biloxi.
      2575 Pass Road lot: Suite A, Biloxi, MS 39531
      View Details
    • Contact for pricing

      Downtown Biloxi Office Space

      Prime location near Courthouse with well-appointed office space.
      175 Main Street lot: Suite B, Biloxi, MS 39530
      View Details
    • $20/mo

      New Office Building on Popps Ferry

      New office building near Popps Ferry and Cedar Lake Road.
      1635 Popps Ferry Road, Biloxi, MS
      View Details
    • Contact for pricing

      Office Space in Oak Park

      Office space available for rent in Biloxi, Mississippi.
      2541 Pass Rd, Biloxi, MS
      View Details
    • $20/mo

      4,879 Howard Ave Medical Office Space For Lease (Suite Entire Second Floor with option to divide)

      Newly renovated 4,879 sq ft medical office space for lease.
      784 Howard Ave, Biloxi, MS 39530
      View Details
    • Contact for pricing

      Furnished Two Bedroom Unit

      Spacious, furnished 2-bedroom unit near the beach with pool.
      133 Hopkins Boulevard, Unit A, Biloxi, MS 39530
      View Details

    FAQs

    What type of property is this?
    Office units - 2,350 SF office space with multiple rooms for lease.
    Where is this office units located?
    The property is located at 2318 Pass Rd Biloxi, MS.
    What are key features of this property?
    This property features: 2,350 sq ft of commercial office space.; Rent includes water, sewer, trash, and landscaping (NO CAM).; Features **8 individual office areas, large conference area, and lobby/waiting area.**
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jonathan Marshall
    Real Estate License ID: 21150
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!