Biloxi Retail Investment
For Sale
$999,000
2585 Pass Rd, Biloxi, MS 39531
Retail building with long-term tenant in prime location.
Property Size5,772 SF
Price / SF$173.08
Days on Market213
Property Features for 2585 Pass Rd
General Information
Standard status
Active
Size
5,772 SF
Property subtype
Retail
Zoning
NB
Listing Agency:
Southeast Commercial of MS, LLC
Listed By:
Monte Luffey · License #B19701
(228) 276-2700
Source:
Lacdb.resimplifi
Added: Mar 9
Changed: Oct 5
Last Checked: Oct 5 at 3:00PM
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 Southeast Commercial of MS, LLC
Investment Insights
Based on property information with market context.
This investment opportunity is located at 2585 Pass Road in Biloxi. The property features a 5,772 square foot retail building, originally constructed in 1987. The building is strategically positioned along Pass Road, a primary commercial corridor known for its strong traffic volume and excellent visibility. The tenant has operated at this location for 40 years and recently signed a new 5-year extension. The lease structure includes two renewal options. Option 1 extends through 2035 with monthly rent of $5,395, while Option 2 extends through 2040 with monthly rent of $5,627.
Key Highlights
- Long‑term tenant with 40‑year history and recent 5‑year lease extension.
- Located on Pass Road, a primary commercial corridor with high traffic and excellent visibility.
- Offered at a 6.00% cap rate, providing stable, passive income.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,905
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,038,100
$1.0M
Cap Rate 7%
$741,500
$741.5K
Cap Rate 9%
$576,722
$576.7K
Market Conditions
NOI Build-Up for 5,772 SF
Gross rent
$81.0K $14.04/SF
− Vacancy
−$6.9K −$1.19/SF
EGI
$74.2K $12.85/SF
− OpEx
−$22.2K −$3.85/SF
NOI
$51.9K $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%
$1,038,100
Cap Rate 7%
$741,500
Cap Rate 9%
$576,722
Alternative Uses
Best Use
Retail
$741.5K
$648.8K – $865.1K
NOI $51,905 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$929.9K
$813.6K – $1.08M
NOI $65,091 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
757
Businesses Nearby
41k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 70%
Home Improvements & Furnishings 29%
Electronics 1%
Murphy USA
Shops & Services
20,971 visits/mo
0.4 miles
Harbor Freight Tools
Home Improvements & Furnishings
11,979 visits/mo
0.2 miles
Wells Fargo
Shops & Services
6,126 visits/mo
0.3 miles
Valvoline Instant Oil Change
Shops & Services
915 visits/mo
0.1 miles
Firestone Complete Auto Care
Shops & Services
788 visits/mo
0.5 miles
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail building with long-term tenant in prime location.
Where is this retail space located?
The property is located at 2585 Pass Rd Biloxi, MS.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Long‑term tenant with 40‑year history and recent 5‑year lease extension.; Located on Pass Road, a primary commercial corridor with high traffic and excellent visibility.; Offered at a 6.00% cap rate, providing stable, passive income.
