Office Building with Exam
416 E Pass Rd Gulfport, MS 39507
416 E Pass Rd, Gulfport, MS, 39507
$489,900
For Sale
$489,900
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$148.45
Days on Market29
Property Features for 416 E Pass Rd
General Information
- Standard status
- Active
- Size
- 3,300 SF
Listing agency
Coldwell Banker Alfonso Realty-Lorraine Rd
(228) 209-4905
Listed by
Kathy Elias · License #B14504
(228) 209-4905
Source
Exprealty
Added: Jun 24 Updated: Jul 22 at 3:34AM Checked: Jul 22 at 3:34AM
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
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
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.3k | $21.00 |
| − Vacancy | −$7.3k | −$2.21 |
| EGI | $62.0k | $18.80 |
| − OpEx | −$24.8k | −$7.52 |
| NOI | $37.2k | $11.28 |
3,300 SF · lease $21.00/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$531.6K
$465.2K – $620.2K
NOI $37,214 @ 7.0% cap · market cap 7.60%
Second Best
Office B
$375.7K
$328.8K – $438.4K
NOI $26,302 @ 7.0% cap · market cap 5.37%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Group At Pass ...
Medical Group
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Office building zoned B-1 with multiple reception areas, exam rooms, and rear parking accessible by a rear door.
Where is this office units located?
The property is located at 416 E Pass Rd Gulfport, MS.
What is the asking price?
The asking price for this property is $489,900.
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
