Mixed-Use Building with Rear
New
For Sale
$189,990
3401 Old Mobile Avenue, Pascagoula, MS 39581
Concrete-block construction includes office, storage, and full-bath space for adaptable commercial use.
Property Size11,325 SF
Price / SF$122.26
Days on Market4
Property Features for 3401 Old Mobile Avenue
General Information
Standard status
Active
Size
11,325 SF
Property subtype
Mixed Use
Additional Details
Highway Access
Yes
Building Details
Building Size
11,325 SF
Year Built
1970
Buildings
1
Construction
concrete block
Listing Agency:
Coldwell Banker Alfonso Realty,Inc.
(228) 243-3559
Listed By:
Christian Marquez · License #S53821
(228) 243-3559
Source:
Cbcworldwide
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 11 at 4:51AM
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 Coldwell Banker Alfonso Realty,Inc.
Investment Insights
Based on property information with market context.
This mixed-use commercial building offers 1,554 square feet within a concrete-block structure topped by a metal roof. The interior includes office areas, storage space, and a full bath, creating a flexible layout for a range of commercial concepts. A grassy rear lot adds outdoor area to the property.
The building is located on Old Mobile Avenue in Pascagoula, with highway access and surrounding businesses along the corridor. The existing automotive use is grandfathered but is no longer permitted under current city zoning. Any future use or redevelopment should be verified with the city and applicable authorities.
The building is located on Old Mobile Avenue in Pascagoula, with highway access and surrounding businesses along the corridor. The existing automotive use is grandfathered but is no longer permitted under current city zoning. Any future use or redevelopment should be verified with the city and applicable authorities.
Key Highlights
- 1,554‑square‑foot mixed‑use commercial building
- Concrete‑block construction with a metal roof
- Interior includes office areas, storage, and a full bath
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,036
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$180,720
$180.7K
Cap Rate 7%
$129,086
$129.1K
Cap Rate 9%
$100,400
$100.4K
Market Conditions
NOI Build-Up for 1,554 SF
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.
Gross rent
$15.7K $10.08/SF
− Vacancy
−$1.2K −$0.78/SF
EGI
$14.5K $9.30/SF
− OpEx
−$5.4K −$3.49/SF
NOI
$9.0K $5.81/SF
Area
Jackson County, MS
Vacancy
7.70%
Lease Rate
$10.08 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$180,720
Cap Rate 7%
$129,086
Cap Rate 9%
$100,400
Alternative Uses
Best Use
Office B
$315.8K
$276.4K – $368.5K
NOI $22,109 @ 7.0% cap · market cap 11.64%
Second Best
Retail
$264.3K
$231.2K – $308.3K
NOI $18,499 @ 7.0% cap · market cap 9.74%
Theoretical Best
Office A
$424.5K
$371.5K – $495.3K
NOI $29,717 @ 7.0% cap · market cap 15.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
629
Businesses Nearby
Explore this area
Business Placement
Demographics for 39581, MS
11,512
Population
5,411
Households
2.1
Avg Household Size
35
Median Age
18%
College-Educated
86%
High-School Grad
14.0 sq mi
ZIP Area
822
Density / Sq Mi
$37,571
Median Household Income
$26,774
Median Earnings
$892
Median Rent
$125,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Concrete-block construction includes office, storage, and full-bath space for adaptable commercial use.
Where is this mixed-use property located?
The property is located at 3401 Old Mobile Avenue Pascagoula, MS.
What is the asking price?
The asking price for this property is $189,990.
What are key features of this property?
This property features: 1,554‑square‑foot mixed‑use commercial building; Concrete‑block construction with a metal roof; Interior includes office areas, storage, and a full bath
