Neighborhood Pub with Entertainment
For Sale
$575,000
4901 Chicot St, Pascagoula, MS 39581
Established food-and-beverage venue with bar service, commercial kitchen capabilities, outdoor gathering space, and on-site parking.
Property Size2,800 SF
Price / SF$205.36
Days on Market22
Property Features for 4901 Chicot St
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Highway Access
Yes
Patio
Yes
Building Details
Year Built
1970
Listing Agency:
Weichert Realtors Gulf Properties
Listed By:
Reece R Roberts · License #B10810
(228) 234-8420
Source:
Propertiesnorthms
Added: Aug 12
Changed: Sep 1
Last Checked: Sep 1 at 10:01PM
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 Weichert Realtors Gulf Properties
Investment Insights
Based on property information with market context.
This established bar and pub property in Pascagoula includes approximately 2,800 square feet of improvements constructed in 1970. The layout includes an existing bar, commercial food-service capabilities, a stage and entertainment area, outdoor gathering space, and on-site parking. The property is positioned for continued food, beverage, and entertainment operations.
Located at 4901 Chicot St, the property sits just north of Highway 90 and fronts Chicot Road. Its setting is within Pascagoula’s residential and industrial employment market, providing a neighborhood-oriented context for the existing venue.
Located at 4901 Chicot St, the property sits just north of Highway 90 and fronts Chicot Road. Its setting is within Pascagoula’s residential and industrial employment market, providing a neighborhood-oriented context for the existing venue.
Key Highlights
- Approximately 2,800‑square‑foot bar and pub property
- Existing bar with commercial food‑service capabilities
- Stage and dedicated entertainment area
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
$41,402
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
7.20%
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%
$828,040
$828.0K
Cap Rate 7%
$591,457
$591.5K
Cap Rate 9%
$460,022
$460.0K
Market Conditions
NOI Build-Up for 2,800 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
$59.8K $21.36/SF
− Vacancy
−$4.6K −$1.64/SF
EGI
$55.2K $19.72/SF
− OpEx
−$13.8K −$4.93/SF
NOI
$41.4K $14.79/SF
Area
Jackson County, MS
Vacancy
7.70%
Lease Rate
$21.36 /SF/Yr
Expense Ratio
25.00%
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%
$828,040
Cap Rate 7%
$591,457
Cap Rate 9%
$460,022
Alternative Uses
Best Use
Specialty Retail
$591.5K
$517.5K – $690.0K
NOI $41,402 @ 7.0% cap · market cap 7.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$764.9K
$669.3K – $892.4K
NOI $53,545 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
863
Businesses Nearby
203k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 29%
Shops & Services 23%
Apparel 15%
Home Improvements & Furnishings 14%
Lowe's
Home Improvements & Furnishings
27,769 visits/mo
0.1 miles
Aldi
Groceries
25,998 visits/mo
0.3 miles
McDonald's
Dining
20,198 visits/mo
0.2 miles
Wendy's
Dining
13,252 visits/mo
0.2 miles
Dollar Tree
Shops & Services
11,935 visits/mo
0.1 miles
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 Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- The Chill Spot Rell's Sports Lounge — 4625 Telephone Rd #2, Pascagoula, MS 39567
- Sabrina's KettleCorn Treats LLC — 4537 Pimlico St, Pascagoula, MS 39581
- JAZZY’S Daiquiri Bar & Grill — 5602 Telephone Rd, Pascagoula, MS 39567
- Scotty's — 5602 telephone rd, pascagoula, ms 39567
- Downtown Cafe & Daiquiri — 3438 Main St, Moss Point, MS 39563
Frequently Asked Questions
What type of property is this?
Bar & Pub - Established food-and-beverage venue with bar service, commercial kitchen capabilities, outdoor gathering space, and on-site parking.
Where is this bar & pub located?
The property is located at 4901 Chicot St Pascagoula, MS.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Approximately 2,800‑square‑foot bar and pub property; Existing bar with commercial food‑service capabilities; Stage and dedicated entertainment area
