Office Building with Exam
For Sale
$445,000
416 E Pass Rd, Gulfport, MS 39507
Office building zoned B-1 with multiple reception areas, exam rooms, and rear parking accessible by a rear door.
Property Size3,300 SF
Price / SF$134.85
Days on Market94
Property Features for 416 E Pass Rd
General Information
Standard status
Active
Size
3,300 SF
Zoning
B-1
Additional Details
Highway Access
Yes
Building Details
Year Built
1986
Listing Agency:
Coldwell Banker Alfonso Realty-Lorraine Rd
Listed By:
Kathy Elias · License #B14504
(228) 209-4905
Source:
Fiorellaavenue
Added: Jul 21
Changed: Oct 14
Last Checked: Oct 7 at 2:00PM
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 Coldwell Banker Alfonso Realty-Lorraine Rd
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Investment Insights
Based on property information with market context.
This zoned B-1 office building offers a flexible interior layout that can be arranged as two offices with separate reception areas or configured as one larger office. The building includes a separate reception and waiting area, 2.5 baths, office space, exam rooms that could be converted to additional office space, a shower bath, and storage areas. The attic is plumbed for additional space, and the property also features a single side entrance garage at the rear.
There are more than 11 parking spaces in the rear with rear access via a door, along with a sloping sidewalk designed to support handicapped access from the parking lot to the main office building. The property is described as convenient to shopping and major road access, including the interstate and Highway 90.
Based on its prior use as a dentist office, urgent care medical building, and real estate office, the building is suited for professional office use and may also support medical or related office operations depending on tenant needs and space planning.
There are more than 11 parking spaces in the rear with rear access via a door, along with a sloping sidewalk designed to support handicapped access from the parking lot to the main office building. The property is described as convenient to shopping and major road access, including the interstate and Highway 90.
Based on its prior use as a dentist office, urgent care medical building, and real estate office, the building is suited for professional office use and may also support medical or related office operations depending on tenant needs and space planning.
Key Highlights
- Office building zoned B‑1 with flexible layout for one large office or division into two offices
- Separate reception and waiting area plus additional exam rooms that could be converted to more office space
- Includes 2.5 baths, storage areas, and an attic that is plumbed for additional space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,214
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$744,280
$744.3K
Cap Rate 7%
$531,629
$531.6K
Cap Rate 9%
$413,489
$413.5K
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$69.3K $21.00/SF
− Vacancy
−$7.3K −$2.21/SF
EGI
$62.0K $18.80/SF
− OpEx
−$24.8K −$7.52/SF
NOI
$37.2K $11.28/SF
Area
Harrison County, MS
Vacancy
10.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$744,280
Cap Rate 7%
$531,629
Cap Rate 9%
$413,489
Alternative Uses
Best Use
Healthcare Medical
$531.6K
$465.2K – $620.2K
NOI $37,214 @ 7.0% cap · market cap 8.36%
Second Best
Office B
$375.7K
$328.8K – $438.4K
NOI $26,302 @ 7.0% cap · market cap 5.91%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
641
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Office building zoned B-1 with multiple reception areas, exam rooms, and rear parking accessible by a rear door.
Where is this office unit located?
The property is located at 416 E Pass Rd Gulfport, MS.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Office building zoned B‑1 with flexible layout for one large office or division into two offices; Separate reception and waiting area plus additional exam rooms that could be converted to more office space; Includes 2.5 baths, storage areas, and an attic that is plumbed for additional space
